Houses & Townhomes for Rent in Mercer Island, WA

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What to Know About

Life in Mercer Island & Beyond

Mercer Island shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Mercer Island, WA

As of March 2025, Mercer Island's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mercer Island's average rent is 60.9% ($1,067) higher than the Washington average of $1,752 and 57.7% ($1,031) higher than the U.S. average of $1,788.

Average Rent
$2,819
Monthly ChangeMonth Over Month Change
Decreased1.6% ($45)
Yearly ChangeYear Over Year Change
Increased7.8% ($204)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,286 Decreased1.3% ($29) Increased7.1% ($152)
2 Beds $2,919 Decreased1.4% ($42) Increased14.5% ($370)
3 Beds $3,783 Increased1.1% ($42) Increased17.5% ($563)
Nearby Cities Average Rent Avg. Rent vs. Mercer IslandAverage Rent vs. Mercer Island Avg. Days on MarketAverage Days on Market
Bellevue $2,325 Decreased17.5% ($494) 21 days
Seattle $1,766 Decreased37.4% ($1053) 31 days
Renton $2,306 Decreased18.2% ($513) 25 days
Kirkland $2,260 Decreased19.8% ($559) 19 days
Sammamish $2,628 Decreased6.8% ($191) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mercer Island Rental Market FAQs

Explore rental prices, market trends, and availability in Mercer Island, WA.

The average rent in Mercer Island, WA is $2,819 per month.
Houses in Mercer Island typically rent for between $1,600 and $4,918 per month, with an average of $2,819 per month.
In Mercer Island, the average rent for a 1-bedroom house is $2,286 per month, for a 2-bedroom house, $2,919 per month, and a 3-bedroom house is $3,783 per month.
The average rent in Mercer Island is 57.7% ($1,031) higher than the national average of $1,788 per month.
The average rent in Mercer Island has decreased by 1.6% ($45) in the last month and increased by 7.8% ($204) over the past year.
The rental market in Mercer Island, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mercer Island, WA, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 12 rental properties available in Mercer Island, WA.
Based on the current averages, a household would need an annual income of $116,760 to comfortably afford a 2-bedroom house in Mercer Island.
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