Rentometer, Inc. | Data as of 10/23/2025
Merritt Island, Florida, offers a balanced rental market that blends suburban comfort with easy access to world‑class attractions. Prospective renters can choose from modern apartment communities as well as charming single‑family homes, catering to a range of lifestyle preferences. For those seeking efficient living spaces, one‑ and two‑bedroom apartments dominate the market, typically priced in the $1,200–$1,300 range, reflecting the area’s steady demand and attractive amenities.
The island’s neighborhoods, such as Lotus and Indian Harbor Beach, are celebrated for their well‑maintained streets, family‑friendly parks, and proximity to essential services. Residents enjoy quick commutes to the nearby Kennedy Space Center Visitor Complex, the expansive Merritt Island National Wildlife Refuge, and scenic waterfront trails along the Indian River Lagoon. These natural and cultural landmarks not only enhance the quality of life but also support a vibrant community atmosphere that appeals to both professionals and retirees.
Beyond leisure, Merritt Island provides convenient shopping centers, reputable schools, and a variety of dining options, making everyday living both practical and enjoyable. The rental market’s mix of apartments and houses ensures that newcomers can find a space that aligns with their budget and lifestyle, while the island’s ongoing development projects continue to enrich its appeal. Whether you’re drawn by the serene coastal environment or the dynamic local economy, Merritt Island presents a welcoming setting for a comfortable and fulfilling rental experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,269 | $1,300 | $1,099 - $1,425 | $1,175 - $1,350 |
| Apartment | 2 Bedroom | $1,312 | $1,295 | $1,195 - $1,450 | $1,275 - $1,345 |
In the current period, the average rent in Merritt Island was
$1,270 for 1 Bedroom,
$1,312 for 2 Bedroom, and
$1,474 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.