Last updated on October 30, 2026

Average rent in
Merritt Island, FL

Key takeaways for renters

  • Where Merritt Island rent stands today

    Merritt Island, FL rent rose 4.8% year over year, with a current median of $2,200/month. Renters today are paying $100 more per month on average than last year, extending a recent upward trend after a mid-year trough at $1,900/month.

  • Merritt Island runs 15.8% more expensive than the $1,900/month national median, placing it above average in cost among smaller Florida metros with 55 total rentals.

  • Price ranges

    Studio rents in Merritt Island sit around $1,379/month, 1-bedrooms around $1,530/month, and 2-bedrooms around $1,595/month, while 3-bedrooms rise to $2,800/month and 4+ bedrooms to $3,200/month. These bedroom tiers represent a broad range of rental options for different household sizes.

  • Neighborhood spotlight

    Diana Shores rents fell 75.5% year over year to $1,225/month across 14 rentals, marking one of the largest declines in Merritt Island's rental market. Holiday Cove and Villa De Palmas also experienced steep declines of 64.7% and 62.9%, respectively, showing significant local variation.

Median rent

Median rent in Merritt Island

$2,200/mo

increased by5%

vs previous year

The average rent in Merritt Island is $2,200 per month as of October 2026. This is 16% above the national average rent, or $300 more per month.

$1.52

average price per square foot

Total rentals

Available rentals in Merritt Island

55

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Merritt Island rentals at each price point

60%45%30%15%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 14% over the last month and have increased 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 $1,575, whereas a house costs $2,600. 1-bedroom apartments in Merritt Island run $1,538 on average, while 2-bedroom apartments are $1,575.

Listings

Studio

$1,379

No Change

No Change

1 bedroom

$1,530

4%

9%

2 bedroom

$1,595

No Change

No Change

3 bedroom

$2,800

No Change

8%

4 bedroom

$3,200

7%

3%

Studio

Average rent

$1,379

Last year

No Change

1 bedroom

Average rent

$1,530

Last 30 days

4%

Last year

9%

2 bedroom

Average rent

$1,595

Last year

No Change

3 bedroom

Average rent

$2,800

Last year

8%

4 bedroom

Average rent

$3,200

Last 30 days

7%

Last year

3%

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$2,200
increased by16%

higher than the national median

Median rent price$2,050
increased by8%

higher than the national median

Takeaway

The median rent for all rentals in Merritt Island, FL is 7% higher than the median rent in Cape Canaveral, FL.

Discover rentals in Merritt Island, FL

140 Minna Ln - Photo 1 of 1

5d+ ago

Condo for rent in Merritt Island

2 beds

1 bath

$1,100

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
1527 Schoolhouse St #A3 - Photo 1 of 1

5d+ ago

Apartment for rent in Merritt Island

2 beds

1 bath

$1,318

Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.
567 Park Ave - Photo 1 of 1

3d ago

House for rent in Merritt Island

2 beds

1 bath

$1,400

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
354 Hibiscus Ave - Photo 1 of 1

5d+ ago

Apartment for rent in Merritt Island

Residential Lease, Merritt Island, FL

354 Hibiscus Ave, Merritt Island, FL 32953

2 beds

1 bath

$1,400

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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 $2,200 per month as of October 24, 2026.

Is rent up or down in Merritt Island?

Average rent prices in Merritt Island have increased by 14% over the last month and have increased by 5% since last year.

How does Merritt Island rent compare to the national average?

Rent in Merritt Island is 16% above the national average, which means renters are paying approximately $300 more per month.

Which neighborhoods are most affordable in Merritt Island?

The most affordable neighborhoods in Merritt Island are Villa De Palmas ($1,300/mo), Merritt Ridge ($1,495/mo), and Skylark Estates ($1,575/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 $88,000/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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