Apartments in Mercer Island

1 - 8 of 8 Results
26
3D Tour
$1,865 - 2,255
2441 76th Avenue Se Mercer Island, WA
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
16
$2,110 - 3,150
Deal
2601 76Th Ave SE Mercer Island, WA
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
38
$5,995
Mercer Island, WA
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
13
$2,600
Mercer Island, WA
2 BR | Available Now
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Dog Friendly
House
Storage
Disability Access
3
$2,150 - 2,850
Mercer Island, WA
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
2
$2,395 - 2,495
Mercer Island, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
7
$2,200
Mercer Island, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
13
Call for Pricing
Mercer Island, WA
Studio | Ask for Availability
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1 - 8 of 8 Results
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How much does it cost to rent an apartment in Mercer Island?

Mercer Island Apartments
Bed Type Average Rent Range
Studio $1,870 $1,870 - $1,870
1BR $2,190 $2,090 - $2,460
2BR $2,600 $2,200 - $3,150
3BR $6,000 $6,000 - $6,000

Neighborhoods

Search Cities Near Mercer Island, WA

Mercer Island:
March Rent Report

Welcome to the March 2024 Mercer Island Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Mercer Island rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Mercer Island and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Mercer Island average rent prices in the chart below.

Monthly Rent Report

$3,200
$2,400
$1,600
$800
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Mercer Island Rent Prices Decrease From February to March

Mercer Island rent prices decreased over the last month. From February to March, the city experienced a -2.35% decrease for the price of a one-bedroom apartment. The rent price for a Mercer Island one-bedroom apartments currently stands at $2,200.0.

When we take a look at the two-bedroom comparison from February to March, Mercer Island experienced a 0.29% increase for the price of a two-bedroom apartment. The rent price for a Mercer Island two-bedroom apartments currently stands at $2,748.0.

March Prices: Mercer Island vs. Surrounding Areas

Rent Prices in Mercer Island and Surrounding Areas

Rent prices have decreased in Mercer Island over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Mercer Island suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Mercer Island suburbs

  • Rents did not decrease in any of the Mercer Island suburbs.

March 2024 Pricing Trends: Mercer Island vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Mercer Island Rent Prices More Affordable Than Major Cities

Rent growth in Mercer Island over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Mercer Island average rent prices appear to be relatively affordable for local residents.

The price for a Mercer Island one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Mercer Island and surrounding area rent prices, take a look at the complete data set below.

Data set for Mercer Island and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.