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Charming Mercer Island Rental Properties

Mercer Island is a prestigious “island paradise” nestled in Lake Washington, offering a uniquely serene retreat between the bustling tech hubs of Seattle and Bellevue. Known for its exceptional quality of life, the island features over 475 acres of parkland, including the 77-acre Luther Burbank Park and the extensive hiking trails of Pioneer Park. Residents enjoy a peaceful, suburban atmosphere with highly-rated schools and low crime rates, all while being just a short, 15-minute commute from downtown Seattle via the I-90 corridor. The vibrant Town Center serves as the island’s hub, offering walkable access to upscale dining, local boutiques, and the popular Mercer Island Farmers Market.

Living and Renting in Mercer Island, WA

Avenue One is your expert partner in finding the perfect home within our exclusive portfolio of Mercer Island rental properties. The local rental market offers a diverse range of high-end options, from luxury waterfront estates and mid-century modern single-family homes to sophisticated, amenity-rich apartments in the heart of the downtown district. Whether you are seeking a spacious family residence near the prestigious Mercer Island School District or a modern condo with stunning lake views, our dedicated management team provides the localized support and professional service needed for a seamless leasing experience. Renting on the island allows you to experience this luxurious enclave’s unique blend of natural beauty and urban proximity before committing to a long-term investment.

Search for Cities We Serve In

Avenue One Residential services the greater Seattle area. Here is a short list of a few cities and neighborhoods that we’re proud to service:

Seattle
Bellevue
Kirkland
Mercer Island
Renton
Issaquah
Redmond
Ballard
Queen Anne
Magnolia
Downtown Seattle
Capitol Hill
West Seattle
Edmonds
Bothell
Lynnwood

Please contact us directly to inquire regarding a specific location.

View Available Mercer Island Rental Properties

2821 Franklin Ave East - 1, Seattle, WA 98102 MAP

Beds 2 Bed Baths 1 Baths | 752 Sq. Ft.

$2,695 /mo

Available 5/1/26

(206) 930-7075

Franklin Arms ~ Eastlake

Available May 1st! Welcome home to Franklin Arms, a charming 1930s building in the heart of Eastlake that has been completely remodeled while retaining all of its original character and charm. This bright corner unit is east-facing and perched above the street, filling the space with beautiful natural light throughout the day.

Inside, you'll find warm honey-toned hardwood floors, a lovely kitchen with quartz countertops, a tiled backsplash, and stainless appliances, two comfortable bedrooms — one full-sized and one perfect for a home office or guest room — and a full bathroom with a tiled tub/shower. In-unit washer and dryer included! $100/month for water/sewer/garbage, and tenant pays electricity.

Ideally located in the heart of Eastlake, you are just minutes from the shores of Lake Union, South Lake Union's Amazon campus, downtown Seattle, the University of Washington, and easy access to I-5. A wonderfully walkable neighborhood with great restaurants, coffee shops, and local shops right outside your door. Pet friendly for one dog under 25 lbs or one cat with a refundable pet deposit. Renter's insurance required. No smoking, thank you.

For more information or a viewing of this wonderful home, please contact Jacquelyn Scofield, Avenue One Residential, Seattle, WA at jacquelyn@avenueoneresidential.com or 206-930-7075.

Please review our application screening criteria, copy/paste this link into your browser: https://www.avenueoneresidential.com/wp-content/uploads/2024/10/Screening-Criteria-2.pdf

Rental Terms

  • Rent: $2,695
  • Application Fee: $60
  • Security Deposit: $2,695
  • Available 5/1/26

Pet Policy

  • Cats allowed
  • Small dogs allowed

Amenities

  • Hardwood Floors
  • Pet Friendly
  • Abundant Natural Light
  • Charming 1920's Building
  • Quartz and Stainless Kitchen
  • Excellent Eastlake Location
  • Renovated in 2019
  • Second Bedroom Perfect for Home Office!

Utilities Included

  • $100 for Water/Sewer/Gargage

Appliances

  • Washer/Dryer
  • Refrigerator
  • Range
  • Dishwasher
  • Microwave
Schedule ShowingContact Us

Avenue One
(206) 930-7075