Cheap Apartments for Rent in Merritt Island, FL from $400 (12 Rentals)

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Cheap Apartments in Merritt Island.

Navigating the Rental Market: Tips for First-Time Renters

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636 Brevard Ave
Studio to 1 Bedroom Apartments

636 Brevard Ave

636 Brevard AveCocoa, FL 32922
  • Utilities Included
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Clearlake Isles
1 to 2 Bedroom Apartments

Clearlake Isles

1546 Clearlake RdCocoa, FL 32922
Senior Living
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 05/05/2025

Current apartment rentals in the Merritt Island, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Merritt Island Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Abby Marina$5,325$1,25030

Cheapest Available Merritt Island Apartments for Rent

 

The cheapest available apartment rental in Merritt Island, FL is a Studio unit found at Addison Cove in the Downtown Cocoa neighborhood priced from $975. Cocoa Village Flats in the Diamond Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here is today’s list of the most affordable Merritt Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Addison CoveStudioStudio,1BA$975
Cocoa Village FlatsStudioStudio,1BA$975
Villas of CocoaStudioStudio,$1,080
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1,100
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,200

Best Value Apartments for Rent in Merritt Island, FL

As of May 05, 2025 the best value apartment in the Merritt Island area is the $1.67 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Abby Marina neighborhood starting from $2,725. The second greatest value Merritt Island apartment is the B2 Model at The Pines Resort and Apartments starting at $1,800 with a $1.78 price per square foot in the South Patrick neighborhood. Here is today’s list of the best values for Merritt Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
North Island Villas Rental HomesNorth Island Villas Townhome3BR,2.5BA$1.67
The Pines Resort and ApartmentsB22BR,2BA$1.78
Harbour PointeCobia2BR,1BA$1.68
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1.55
1560 University Ln, Unit 6061560 University Ln2BR,2BA$1.79
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1.22
Marella Bay2 Bedroom 1 Bathroom2BR,1BA$1.52
Park Drive Apartments11BR,1BA$1.63
140 Minna Ln, Unit 209140 Minna Ln2BR,1BA$1.67
108 Sutton St, Unit #1108 Sutton St2BR,1BA$1.87

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Merritt Island, FL Rentals by Map

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Getting Around Merritt Island, FL

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Merritt Island Apartments

What is the Cheapest Studio apartment in Merritt Island?

Currently the most affordable Cheap Studio Apartment in Merritt Island is at Addison Cove listed at $975.

How much is rent for a Cheap One Bedroom Merritt Island Apartment?

The lowest price for a Cheap One Bedroom Merritt Island Apartment is $1,160 at Villas of Cocoa.

What is the lowest price for a Cheap Two Bedroom Merritt Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Merritt Island is starting from $1,100 at Costa Vue.

What is the most affordable Merritt Island Three Bedroom Apartment?

The best deal on a cheap Merritt Island Three Bedroom Apartment rental is at Marella Bay and starts from $1,595.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.