Island Square
2758 78th Ave SE,
Mercer Island, WA 98040
$2,175 - $4,235 | Studio - 2 Beds
Mercer Island
Mercer Island, WA
Area Guide
Lake Washington surrounds this upscale island community
Upscale
•
Luxurious
•
Suburban
•
Peaceful
•
Family-Friendly
•
Scenic
•
Lush
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Nestled between Seattle and Bellevue, Mercer Island rests in the southern portion of Lake Washington. Incorporated in 1960, the city is highly regarded for its upscale homes, excellent schools, lush natural beauty, tranquil atmosphere, and miles of developed shoreline.
Mercer Island fosters a strong sense of community through a variety of family-friendly events, such as the Mercer Island Summer Celebration and the Mercer Island Farmers Market, among many others. Residents also bond over a shared love of outdoor recreation at popular venues like Luther Burbank Park, Aubrey Davis Park, and Mercerdale Park. Much of the city’s commercial offerings are clustered near I-90, which connects Mercer Island to the Greater Seattle Area and beyond.
Rent Trends
As of March 2025, the average apartment rent in Mercer Island, WA is $2,015 for a studio, $2,277 for one bedroom, $3,079 for two bedrooms, and $3,027 for three bedrooms. Apartment rent in Mercer Island has increased by 4.1% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$2,277/month
764 Sq Ft
Transportation
70
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
36
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
56
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades PK-5
404 Students
10
Public
Grades K-5
397 Students
9
Public
Grades K-5
380 Students
9
Public
Grades K-5
422 Students
8
Public
Grades 6-8
930 Students
8
Public
Grades 9-12
1,524 Students
10
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Mercerdale Park
- Newcastle Beach Park
- Genesee Park and Playfield
- Seward Park
- Seward Park Environmental & Audubon Center
Military Bases
Airports
- Seattle-Tacoma International
- Seattle Paine Field International
Top Apartments in Mercer Island
Houses for Rent in Mercer Island
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Methodology
† 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 February 2025.