Studio Apartment Rent in Merritt Island, FL
Median asking rent for a studio apartment in Merritt Island, Florida as of July 2026. That's +46% lower than the citywide median of $2,092 and +13% below the national studio median of $1,290.
Income needed for a studio in Merritt Island
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Merritt Island
Compare Merritt Island's median rent across every apartment size.
Cheapest cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Pinewood | $360 |
| 2 | Palatka | $780 |
| 3 | Lake City | $840 |
| 4 | Belleview | $860 |
| 5 | Hernando | $860 |
| 6 | Crystal River | $865 |
| 7 | Treasure Island | $872 |
| 8 | Sebring | $875 |
| 9 | Auburndale | $910 |
| 10 | Bartow | $910 |
| 11 | Ocklawaha | $910 |
| 12 | Lake Alfred | $920 |
| 13 | Lake Placid | $930 |
| 14 | Cape Canaveral | $940 |
| 15 | Freeport | $940 |
Most expensive cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Key Biscayne | $2,560 |
| 2 | Weston | $2,547 |
| 3 | Doral | $2,450 |
| 4 | Aventura | $2,390 |
| 5 | Loxahatchee | $2,380 |
| 6 | Parkland | $2,365 |
| 7 | Windermere | $2,360 |
| 8 | Lithia | $2,350 |
| 9 | Coral Gables | $2,235 |
| 10 | West Miami | $2,220 |
| 11 | Pembroke Pines | $2,220 |
| 12 | Miami Beach | $2,203 |
| 13 | Royal Palm Beach | $2,178 |
| 14 | The Hammocks | $2,170 |
| 15 | Apollo Beach | $2,170 |
Nearby cities — studio rent
Considering nearby alternatives? 4 of these cities have cheaper studio rents than Merritt Island.
| City | Distance | Studio rent | vs Merritt Island |
|---|---|---|---|
| Cape Canaveral, FL | 4.8 mi | $940 | $-180 (-16%) |
| Cocoa Beach, FL | 5.5 mi | $1,340 | +$220 (+20%) |
| Rockledge, FL | 6.3 mi | $1,380 | +$260 (+23%) |
| Cocoa, FL | 7.8 mi | $1,040 | $-80 (-7%) |
| Satellite Beach, FL | 14.7 mi | $1,460 | +$340 (+30%) |
| Titusville, FL | 16.9 mi | $1,045 | $-75 (-7%) |
| Melbourne, FL | 17.3 mi | $1,390 | +$270 (+24%) |
| Indialantic, FL | 19.7 mi | $1,470 | +$350 (+31%) |
| West Melbourne, FL | 20.9 mi | $1,047 | $-73 (-7%) |
| Palm Bay, FL | 27.3 mi | $1,258 | +$138 (+12%) |
| Melbourne Beach, FL | 32 mi | $1,440 | +$320 (+29%) |
| Oviedo, FL | 35.9 mi | $2,090 | +$970 (+87%) |
Studio rent in Merritt Island — common questions
How much is a studio apartment in Merritt Island?
As of July 2026, the median studio apartment rent in Merritt Island, Florida is $1,120 per month. This is +46% below the citywide median of $2,092.
What income do you need to afford a studio in Merritt Island?
Using the standard 30% rent-to-income rule, you would need an annual income of about $44,800 ($3,733/month gross), which works out to roughly $21.54/hour at a full-time job.
Is Merritt Island expensive for a studio compared to the rest of the US?
Merritt Island's studio median of $1,120 is +13% below the national studio median of $1,290. It ranks in the 36th percentile of US cities tracked.
How does Merritt Island rank for studio rent in Florida?
Among the 261 cities in Florida with studio data, Merritt Island ranks #39 from cheapest to most expensive.
Are there cheaper studio options near Merritt Island?
Yes — nearby cities with cheaper studio rents include Cape Canaveral ($940), Cocoa ($1,040), Titusville ($1,045).