Apartments for Rent in Merritt Island, FL

Prices and availability in Merritt Island, FL were last updated on 5 Jul 2026.

The best apartments in Merritt Island, FL are: The Lenox at Merritt Island, Reese Merritt 1435, 1643 Fishermans Street, 329 Simpson Circle and 345 Mullet Avenue.

The average rent in Merritt Island, FL is $1,240.

The price range for a 1-bedroom apartment in Merritt Island, FL is between $1,425 and $1,500.

The price range for a 2-bedroom apartment in Merritt Island, FL is between $1,595 and $1,625.

The price range for a 3-bedroom apartment in Merritt Island, FL is between $1,425 and $2,600.

In Merritt Island, 20% of the residents are renting compared to 80% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Merritt Island's rentals, 37% are small-scale complexes with under 50 units, and 48% are single-family rentals.

The average age of rental buildings in Merritt Island is 57 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Merritt Island come in a range of sizes and floorplans. Studio apartments represent 19% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 32% of the total apartments in the city, while 2-bedroom floorplans represent around 45% of all rentals in Merritt Island. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.