Apartments for Rent in Merritt Island, FL

Prices and availability in Merritt Island, FL were last updated on 25 Sep 2026.

The best apartments in Merritt Island, FL are: The Lenox at Merritt Island, Merritt Island 1435, 1643 Fishermans Street, 329 Simpson Circle and 1639 Dock Street.

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

The price range for a 3-bedroom apartment in Merritt Island, FL is between $1,425 and $1,595.

In Merritt Island 20% of the housing is rented out compared to 80% of homes are owned, according to the most recent Census Bureau estimates. 11% of Merritt Island's apartments are found in large buildings of 50 units or more, 37% are located in smaller apartment complexes with less than 50 units, and 48% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Merritt Island are about 57 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.