Last updated on September 15, 2026

Average rent in
Merritt Island, FL

Key takeaways for renters

  • The bottom line

    Merritt Island, FL rent slipped 5.0% year over year, with a current median of $1,995/month. Renters today are paying $213 less per month on average than last year despite a 3.8% month-over-month increase in September 2026.

  • Merritt Island runs 5.0% more expensive than the $1,900/month national median, positioning it as a moderately priced market with 61 total rentals available.

  • Price ranges

    Studios in Merritt Island rent for $999/month, 1-bedrooms for $1,250/month, and 2-bedrooms for $1,598/month, while 3-bedrooms reach $2,625/month and 4+ bedrooms $3,200/month. The bedroom tiers show a wide range of rents for different household sizes.

  • What you'll pay

    Houses make up 61.9% of total rentals in Merritt Island and have a median rent of $2,698/month, compared to $1,425/month for apartments. The data show a clear cost difference by property type.

Median rent

Median rent in Merritt Island

$1,995/mo

decreased by5%

vs previous year

The average rent in Merritt Island is $1,995 per month as of September 2026. This is 5% above the national average rent, or $95 more per month.

$1.41

average price per square foot

Total rentals

Available rentals in Merritt Island

61

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Merritt Island rentals at each price point

65%49%33%16%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Merritt Island, FL

Average rent prices in Merritt Island have increased by 4% over the last month and have decreased by 5% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Merritt Island, FL

Rent prices in Merritt Island vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Merritt Island is $1,425, whereas a house costs $2,697. 1-bedroom apartments in Merritt Island run $1,250 on average, while 2-bedroom apartments are $1,300.

Listings

Studio

$999

No Change

45%

1 bedroom

$1,250

7%

12%

2 bedroom

$1,597

2%

15%

3 bedroom

$2,625

11%

4%

4 bedroom

$3,200

7%

16%

Studio

Average rent

$999

Last year

45%

1 bedroom

Average rent

$1,250

Last 30 days

7%

Last year

12%

2 bedroom

Average rent

$1,597

Last 30 days

2%

Last year

15%

3 bedroom

Average rent

$2,625

Last 30 days

11%

Last year

4%

4 bedroom

Average rent

$3,200

Last 30 days

7%

Last year

16%

The table above reflects average rent prices in Merritt Island, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Merritt Island, FL compare to other cities?

Compare median rent prices in Merritt Island and Cape Canaveral by all bedroom counts and property types.

Merritt Island

Median rent price$1,995
increased by5%

higher than the national median

Median rent price$2,000
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Merritt Island, FL is equal to the median rent in Cape Canaveral, FL.

Discover rentals in Merritt Island, FL

180 Minna Ln #306 - Photo 1 of 1

5d+ ago

Condo for rent in Merritt Island

Residential Lease, Merritt Island, FL

180 Minna Ln #306, Merritt Island, FL 32953

2 beds

1 bath

$1,100

1527 Schoolhouse St #A3 - Photo 1 of 1

5d+ ago

Apartment for rent in Merritt Island

6876 Marilane St #CO62 - Photo 1 of 1

5d+ ago

Apartment for rent in Merritt Island

Manufactured In Park, Merritt Island, FL

6876 Marilane St #CO62, Merritt Island, FL 32953

2 beds

2 baths

$1,300

6876 Marilane St #CO95 - Photo 1 of 1

5d+ ago

Apartment for rent in Merritt Island

Manufactured In Park, Merritt Island, FL

6876 Marilane St #CO95, Merritt Island, FL 32953

2 beds

2 baths

$1,300

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Merritt Island, FL

Quick answers to common questions about the Merritt Island rental market.

How much is rent in Merritt Island?

The average rent in Merritt Island is $1,995 per month as of September 12, 2026.

Is rent up or down in Merritt Island?

Average rent prices in Merritt Island have increased by 4% over the last month and have decreased by 5% since last year.

How does Merritt Island rent compare to the national average?

Rent in Merritt Island is 5% above the national average, which means renters are paying approximately $95 more per month.

Which neighborhoods are most affordable in Merritt Island?

The most affordable neighborhoods in Merritt Island are Villa De Palmas ($1,595/mo), Courtenay Springs ($1,750/mo), and Bel Aire ($1,750/mo).

What salary do I need to afford rent in Merritt Island?

To comfortably afford rent in Merritt Island, you'd need to earn approximately $80,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Merritt Island?

July offers the best rental deals in Merritt Island with the lowest rents of the year, running about 11% lower than March prices. September also provides good opportunities with the least competitive market conditions.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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