Rent in Merritt Island, FL
Across Merritt Island's 3 ZIP codes, a 2-bedroom typically rents for about $1,654 a month, with figures from $1,286–$1,780. The highest typical rent is in 32954 ($1,780) and the lowest in 32953 ($1,423). Owner-occupied homes in Brevard County pay about 0.68% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,196 | $873–$1,330 | 3 |
| 1 bed | $1,278 | $1,019–$1,530 | 3 |
| 2 beds | $1,654 | $1,286–$1,780 | 3 |
| 3 beds | $1,954 | $1,587–$2,382 | 3 |
| 4 beds | $2,474 | $1,869–$2,710 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Merritt Island ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Merritt Island, FL?
- About $1,654 a month: the median of the typical rents in 3 ZIP codes, which range from $1,286–$1,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Merritt Island, FL?
- About $1,278 a month: the median of the typical rents in 3 ZIP codes, which range from $1,019–$1,530. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Merritt Island, FL?
- About $1,954 a month: the median of the typical rents in 3 ZIP codes, which range from $1,587–$2,382. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Merritt Island, FL?
- About $1,196 a month: the median of the typical rents in 3 ZIP codes, which range from $873–$1,330. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Merritt Island, FL?
- About $2,474 a month: the median of the typical rents in 3 ZIP codes, which range from $1,869–$2,710. Figures are gross rent (rent plus tenant-paid utilities).
- Which Merritt Island ZIP code has the highest rent?
- For a 2-bedroom, 32954 has the highest typical rent at $1,780 a month, and 32953 the lowest at $1,423.
- What is the property tax rate in Merritt Island, FL?
- Owner-occupied homes in Brevard County pay a typical 0.68% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Merritt Island rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).