Apartments in Merritt Island

1 - 6 of 6 Results
12
$1,350
Merritt Island, FL
2 BR | Available Now
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House
Storage
Dishwasher
49
$1,350 - 2,100
1200 S Courtenay Pkwy Merritt Island, FL
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
35
$2,600
Merritt Island, FL
3 BR | Available Now
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Disability Access
17
$2,150
Merritt Island, FL
3 BR | Apr. 15, 2024
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Dog Friendly
Cat Friendly
House
Dishwasher
43
$3,200
Merritt Island, FL
3 BR | Available Now
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Dog Friendly
Balcony/Deck/Patio
Storage
Dishwasher
$1,094
1165 Jordan Rd. Merritt Island, FL
2 BR | Available Now
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1 - 6 of 6 Results
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How much does it cost to rent an apartment in Merritt Island?

Merritt Island Apartments
Bed Type Average Rent Range
1BR $1,580 $1,350 - $1,800
2BR $1,480 $1,110 - $2,080
3BR $2,600 $2,150 - $3,200

Search Cities Near Merritt Island, FL

Merritt Island:
March Rent Report

Welcome to the March 2024 Merritt Island Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Merritt Island rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Merritt Island and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Merritt Island average rent prices in the chart below.

Monthly Rent Report

$1,950
$1,460
$980
$490
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Merritt Island Rent Prices Increase From February to March

Merritt Island rent prices increased over the last month. From February to March, the city experienced a 7.33% increase for the price of a one-bedroom apartment. The rent price for a Merritt Island one-bedroom apartments currently stands at $1,449.0.

When we take a look at the two-bedroom comparison from February to March, Merritt Island experienced a -10.07% decrease for the price of a two-bedroom apartment. The rent price for a Merritt Island two-bedroom apartments currently stands at $1,519.0.

March Prices: Merritt Island vs. Surrounding Areas

Rent Prices in Merritt Island and Surrounding Areas

Rent prices have increased in Merritt Island over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Merritt Island suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Merritt Island suburbs

  • Rents did not decrease in any of the Merritt Island suburbs.

March 2024 Pricing Trends: Merritt Island vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Merritt Island Rent Prices More Affordable Than Major Cities

Rent growth in Merritt Island over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Merritt Island average rent prices appear to be relatively affordable for local residents.

The price for a Merritt Island one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Merritt Island and surrounding area rent prices, take a look at the complete data set below.

Data set for Merritt Island and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.