Cheap Homes for Rent in Merritt Island, FL from $900 (55 Rentals)

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Search the lowest-cost Homes available for rent right now in Merritt Island.

property at 55 Sea Park Blvd

55 Sea Park Blvd

Satellite BeachFL32937
property at 140 Minna Ln

140 Minna Ln

Merritt IslandFL32953

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.

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property at 50 Needle Blvd

50 Needle Blvd

Merritt IslandFL32953
property at 923 S Colonial Ct

923 S Colonial Ct

Indian Harbour BeachFL32937
property at 360 Schoolhouse Ln

360 Schoolhouse Ln

Merritt IslandFL32953
property at 55 Needle Blvd

55 Needle Blvd

Merritt IslandFL32953
property at 205 Palmetto Ave

205 Palmetto Ave

Merritt IslandFL32953
property at 1030 Pine Tree Dr

1030 Pine Tree Dr

Indian Harbour BeachFL32937
Showing Results 1-50, Page 1 of 2

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 04/28/2025

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$4,830$97536

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
Marella Bay1 Bedroom 1 Bathroom1BR,1BA$1,099
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1,100
Villas of Cocoa1 Bd 1 Bath1BR,1BA$1,160
The Sands on ClearlakeOne Bedroom1BR,1BA$1,195
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,200
Park Drive Apartments11BR,1BA$1,300
The Lenox at Merritt IslandLagoon1BR,1BA$1,350

Best Value Apartments for Rent in Merritt Island, FL

As of April 28, 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 Cabana Model at The Brittany starting at $1,600 with a $1.34 price per square foot in the Coastal Brevard 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 BrittanyCabana2BR,2BA$1.34
Harbour PointeCobia2BR,1BA$1.68
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1.56
1560 University Ln, Unit 6061560 University Ln2BR,2BA$1.79
Marella Bay2 Bedroom 1 Bathroom2BR,1BA$1.52
Park Drive Apartments11BR,1BA$1.63
Legacy at Oakwood LandingModel A1BR,1BA$1.98
140 Minna Ln, Unit 209140 Minna Ln2BR,1BA$1.67
Costa Vue1 Bedroom 1 Bathroom1BR,1BA$1.64

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Frequently Asked Questions about Merritt Island

What type of rentals are currently available in Merritt Island?

There are currently 264 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $9,740. There are also 234 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $950 to $15,000.

What is the current price range for Rental Homes in Merritt Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Merritt Island ranges from $950 to $15,000 with an average monthly rent of $5,525.

How much are larger Three and Four Bedroom Rentals in Merritt Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Merritt Island range from $1,495 to $3,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $9,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $4,830.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.