The Brittany
1874 Brittany Dr,
Indialantic, FL 32903
2 Beds | $1,585 - $2,260
Rental Market Trends in Merritt Island, FL
What is the average rent in Merritt Island, FL?
$1,125/month
Average Rent
677 Sq Ft
Average Apartment Size
-0.7%
Decrease in the Last Year
As of January 2025, the average rent in Merritt Island, FL is $1,125 per month. This is 28% lower than the national average rent of $1,552/month, making renting in Merritt Island more affordable than most cities in the US. When you rent an apartment in Merritt Island, you can expect to pay about $990 per month for a studio, $1,125 for a one-bedroom apartment, and around $1,364 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,903 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Merritt Island, FL?
In the past year, rent has decreased by 0.7%, which averages out to $7 less per month.
Rent Ranges in Merritt Island, FL
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
50%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Merritt Island, FL?
Because the average rent in Merritt Island is $1,125, you’ll want to make about $3,750 per month or $45,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Merritt Island, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Merritt Island, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.