Houses & Townhomes for Rent in Merritt Island, FL

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What to Know About

Life in Merritt Island & Beyond

Merritt Island shares many of the great qualities that make Florida a desirable place to live.

Florida is a sunshine-filled state known for its beautiful beaches, warm weather, and world-famous theme parks like Walt Disney World, Universal Studios, and Sea World. From its iconic beaches to vibrant cities, you have a unique blend of outdoor adventure and urban excitement. Explore the state's past by visiting attractions like the Kennedy Space Center, the Museum of Florida History, or the Perez Art Museum Miami. In addition, Florida is home to renowned universities such as the University of Florida and Florida State University, University of Miami.

With hundreds of miles of sandy beaches, crystal-clear springs, and lush everglades, Florida is a paradise for visitors and residents alike. The state is also home to several professional sports teams, including the Miami Dolphins (NFL), Tampa Bay Buccaneers (NFL), Florida Panthers (NHL), Tampa Lighting (NHL), Miami Marlins (MLB), Orlando Magic (NBA), and Miami Heat (NBA). Experience all that Florida has to offer, from its stunning beaches and vibrant atmosphere to its rich traditions and thriving economy.

Discover the magic of living in Florida, where the sun shines bright, the economy thrives, and the quality of life is unparalleled, making it the perfect place to call home.

Rental Market Trends

Merritt Island, FL

As of March 2025, Merritt Island's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Merritt Island's average rent is 13.6% ($294) higher than the Florida average of $2,159 and 37.2% ($665) higher than the U.S. average of $1,788.

Average Rent
$2,453
Monthly ChangeMonth Over Month Change
Increased48% ($796)
Yearly ChangeYear Over Year Change
Increased21.2% ($429)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,362 Decreased2.2% ($30) Increased9.9% ($123)
2 Beds $1,580 Decreased1.6% ($26) Increased10.6% ($151)
3 Beds $2,712 Increased40.2% ($778) Increased15.4% ($361)
Nearby Cities Average Rent Avg. Rent vs. Merritt IslandAverage Rent vs. Merritt Island Avg. Days on MarketAverage Days on Market
Cocoa Beach $2,720 Increased10.9% ($267) 31 days
Rockledge $1,753 Decreased28.5% ($700) 28 days
Cape Canaveral $2,032 Decreased17.2% ($421) 30 days
Cocoa $1,626 Decreased33.7% ($827) 28 days
Satellite Beach $2,247 Decreased8.4% ($206) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Merritt Island Rental Market FAQs

Explore rental prices, market trends, and availability in Merritt Island, FL.

The average rent in Merritt Island, FL is $2,453 per month.
Houses in Merritt Island typically rent for between $953 and $3,526 per month, with an average of $2,453 per month.
In Merritt Island, the average rent for a 1-bedroom house is $1,362 per month, for a 2-bedroom house, $1,580 per month, and a 3-bedroom house is $2,712 per month.
The average rent in Merritt Island is 37.2% ($665) higher than the national average of $1,788 per month.
The average rent in Merritt Island has increased by 48.0% ($796) in the last month and increased by 21.2% ($429) over the past year.
The rental market in Merritt Island, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Merritt Island, FL, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 21 rental properties available in Merritt Island, FL.
Based on the current averages, a household would need an annual income of $63,200 to comfortably afford a 2-bedroom house in Merritt Island.
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