Average Rent in Palmetto, Merritt Island, FL and Rent Price Trends

Rent trends in Palmetto, Merritt Island, FL

Average rent prices in Palmetto have remained the same over the last month.

Rent trends

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

Compare rent prices in
Palmetto, Merritt Island, FL

Rent prices in Palmetto vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palmetto is $1,300, whereas a house costs $2,100. 1-bedroom apartments in Palmetto run $1,350 on average, while 2-bedroom apartments are $1,275.


Studio	$925	-	-
1 bedroom	$1,290	-	-
2 bedroom	$1,350	-	-
3 bedroom	$2,600	1%	-
4 bedroom	$3,400	No Change	-

		Listings
Crestview	$1,700
Golfview	$1,750
Ocean Woods	$2,100
River Ridge	$1,550
Riverside	$1,600
Shepards Park Acres	$1,700


Apartments	$1,300	-	No Change
Condos	$1,500	-	No Change
Houses	$2,100	No Change	No Change

Studio

Average rent

$925

1 bedroom

Average rent

$1,290

2 bedroom

Average rent

$1,350

3 bedroom

Average rent

$2,600

Last 30 days

4 bedroom

Average rent

$3,400

The table above reflects average rent prices in Palmetto, 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 Palmetto, Merritt Island, FL compare to other neighborhoods?

Compare median rent prices in Palmetto and Ocean Woods by all bedroom counts and property types.

Palmetto

Median rent price$1,795

lower than the national median

Median rent price$2,100

higher than the national median

Takeaway

The median rent for all rentals in Palmetto, Merritt Island, FL is 15% lower than the median rent in Ocean Woods, Cape Canaveral, FL.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$2,100

$1,700

$1,600

$1,750

$1,550

$1,700

Stay up to date with rental market insights

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Annual Rent Report

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Frequently asked questions for Palmetto, Merritt Island, FL

Quick answers to common questions about the Palmetto rental market.

How much is rent in Palmetto?

The average rent in Palmetto is $1,795 per month as of June 27, 2026.

Is rent up or down in Palmetto?

Average rent prices in Palmetto have remained the same over the last month.

How does Palmetto rent compare to the national average?

Rent in Palmetto is 8% below the national average, which means renters are paying approximately $155 less per month.

What salary do I need to afford rent in Palmetto?

To comfortably afford rent in Palmetto, you'd need to earn approximately $72,000/year, based on spending no more than 30% of your income on rent.

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).