Mercer Island, WA Rent History

104 months of data, 2018–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-09)
$2,796
1-year change
+6.0%
$159/mo
5-year change
+25.2%
$563/mo

Monthly rent trend

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Year-by-year rent in Mercer Island

YearMedian rentYoY changevs 2018
2018$1,945/mo—0.0%
2019$1,987/mo+2.2%+2.2%
2020$2,078/mo+4.6%+6.8%
2021$2,073/mo-0.2%+6.6%
2022$2,350/mo+13.4%+20.8%
2023$2,411/mo+2.6%+24.0%
2024$2,532/mo+5.0%+30.2%
2025$2,678/mo+5.8%+37.7%
2026$2,665/mo-0.5%+37.0%

Frequently asked questions

How much has rent in Mercer Island changed since 2018?

Median rent in Mercer Island, WA was $1,940 in 2018-02 and is $2,796 as of 2026-09 — a change of $856 per month over 8 years.

How much has Mercer Island rent increased in the last 5 years?

Over the past 5 years, median rent in Mercer Island, WA has changed +25.2% ($563 per month). The current median is $2,796.

Is rent in Mercer Island going up or down year over year?

Year over year, median rent in Mercer Island, WA has increased +6.0% ($159/mo). Current median: $2,796.

See full rent data for Mercer Island, WA →
Methodology: Rent figures use ZORI (Zillow Observed Rent Index) monthly smoothed seasonally-adjusted values for all properties (single family + condo + multifamily). Year-by-year table uses April readings (or nearest available month) for consistency across years. 1-/5-/10-year change uses the same month 2026 as the anchor.