Island Square
2758 78th Ave SE,
Mercer Island, WA 98040
$1,677 - $4,109
Studio - 2 Beds
Residents living on Mercer Island consider the neighborhood absolute paradise – and they’re 100% correct! Downtown Mercer Island’s cityscape is ever-evolving with the addition of new markets, restaurants, and shops at Town Center.
Island restaurants locals can’t get enough of include Freshy’s Seafood Shack and Pagliacci Pizza. Healthy and organic grocery stores are popping up all over the community, next to established bookstores, coffee shops, and chocolatiers.
In the summer months, residents gather at the Mercer Island Farmers Market for fresh seasonal flowers and baked goods. The island beaches sure are fun, but they pack quickly on weekends.
When it comes to work commutes into Bellevue or Seattle, residents are comforted by direct access to Interstate 90 and the park-and-ride bus station. It’s a highly desirable area for families, flanked with sculpture gardens and parks near Downtown Mercer Island apartments!
As of January 2026, the average apartment rent in Downtown Mercer Island is $2,237 for a studio, $2,616 for one bedroom, $3,593 for two bedrooms, and $5,292 for three bedrooms. Apartment rent in Downtown Mercer Island has increased by 0.6% in the past year.
Studio
607 sq ft
Average Sq Ft
$2,237/month
Average Rent
1 BR
808 sq ft
Average Sq Ft
$2,616/month
Average Rent
2 BR
1,210 sq ft
Average Sq Ft
$3,593/month
Average Rent
3 BR
1,646 sq ft
Average Sq Ft
$5,292/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.