4

Studio Apartments for Rent in Merritt Island, FL

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  • /25

    Starting at $1,099 Per Month

    • Studio - 2 Beds

    1155 N Courtenay Pkwy, Merritt Island, FL 32953

    Costa Vue is right in the middle of all the great things that make the Merritt Island community so fun and exciting. You're never far away from fun or relaxation - we are at the center of it all! Costa Vue wants you to have the best living experience possible. Despite the name, Merritt Island is not actually an island its part of a peninsula! Merritt Island is a tranquil, coastal

    Costa Vue

    (321) 334-2427

    1155 N Courtenay Pkwy, Merritt Island, FL 32953
  • /26

    Starting at $975 Per Month

    • Studio - 1 Bed

    630 Kurek Ct, Merritt Island, FL 32953

    Close to the Causeway, Addison Cove is central to Florida's glorious beaches and nearby city living! Choose from several uniquely designed floor plans, each offering a slightly different yet cutting edge layout, so you can select your ideal home.Addison Cove has 2 shopping centers within close proximity. Only 0.4 miles, which is about a 7-minute walk! If you have friends and family coming

    Addison Cove

    (321) 587-3271

    630 Kurek Ct, Merritt Island, FL 32953
  • /20

    Starting at $999 Per Month

    • Studio - 3 Beds

    700 N Courtenay Pkwy, Merritt Island, FL 32953

    Take pride in where you live with our newly remodeled apartments at Marella Bay! Aside from our beautiful homes, residents will also love our ideal location. We are just minutes away from peaceful parks and urban living! Conveniently located on Courtenay Parkway, Marella Bay is a short drive to a multitude of shopping and dining options. Wanting to take in the sunshine? Residents enjoy

    Marella Bay

    (321) 455-8939

    700 N Courtenay Pkwy, Merritt Island, FL 32953
  • /26

    $2,854

    Total Monthly Price

    • Studio
    • 1 Bath
    • Condo for Rent

    905 N Tropical Trail Unit SI FL1-ID1044405P, Merritt Island, FL 32953

    The advertised rate of $2,854/month is the lowest available price, based on a 1 month(s) stay with a move-in date of April 16, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    905 N Tropical Trail Unit SI FL1-ID1044405P, Merritt Island, FL 32953

Why Live in Merritt Island

Merritt Island, located on the eastern coast of Florida between the Indian and Banana Rivers, offers a unique waterfront living experience. This peninsula is known for its coastal charm and seclusion, with residents enjoying outdoor activities at Merritt Island National Wildlife Refuge and surfing at nearby Cocoa Beach, which is just 9 miles away. The community is home to NASA’s John F. Kennedy Space Center, a significant local attraction that draws tourists and employs many locals. Housing options in Merritt Island range from traditional ranch styles and single-story coastal homes to multi-story Mediterranean-influenced properties, with subdivisions near Savannahs Golf Course and waterfront areas on the Indian River. The area features well-manicured lawns, community pools, and playgrounds, attracting families and retirees. Shopping is convenient with Merritt Square Mall offering various department stores, while dining options include Margarita Island for Tex-Mex cuisine and Sally O’Brien’s for a casual pub atmosphere. Schools in Merritt Island are highly rated, with Robert L. Stevenson Elementary, Thomas Jefferson Middle, and Edgewood Junior/Senior High School providing quality education. Residents primarily rely on cars for transportation, utilizing Florida State Road A1A and the East Merritt Island Causeway. Public transit is available through Space Coast Area Transit, and Melbourne Orlando International Airport is 30 miles away. Due to its waterfront location, Merritt Island faces high flood risks, and residents are advised to secure flood insurance through the National Flood Insurance Program.

Frequently Asked Questions

How much does it cost to rent a home in Merritt Island, FL?
The median rent for a home in Merritt Island, FL is $2,877 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Merritt Island, FL?
To comfortably afford the median rent in Merritt Island, FL, a household needs to earn roughly $115,080 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,877 per month in Merritt Island, FL, renters typically need to show $8,631 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Merritt Island, FL?
In Merritt Island, FL, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Merritt Island, FL

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,877
Median Single Family Home Rent
$2,498
Median Townhouse Rent
$1,800
Median Condo Rent
$1,500
How to Rent a Home