Mercer Island, WA Rent History

102 months of data, 20182026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-07)
$2,746
1-year change
+3.3%
$88/mo
5-year change
+28.6%
$610/mo

Monthly rent trend

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Year-by-year rent in Mercer Island

YearMedian rentYoY changevs 2018
2018$1,914/mo0.0%
2019$1,955/mo+2.1%+2.1%
2020$2,046/mo+4.7%+6.9%
2021$2,046/mo0.0%+6.9%
2022$2,314/mo+13.1%+20.9%
2023$2,375/mo+2.6%+24.1%
2024$2,502/mo+5.3%+30.7%
2025$2,664/mo+6.5%+39.2%
2026$2,613/mo-1.9%+36.5%

Frequently asked questions

How much has rent in Mercer Island changed since 2018?

Median rent in Mercer Island, WA was $1,918 in 2018-02 and is $2,746 as of 2026-07 — a change of $828 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 +28.6% ($610 per month). The current median is $2,746.

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

Year over year, median rent in Mercer Island, WA has increased +3.3% ($88/mo). Current median: $2,746.

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.