
Cheap Homes for Rent in Merritt Island, FL from $900 (41 Rentals)
Search the lowest-cost Homes available for rent right now in Merritt Island.


1608 University Ln

250 N Banana River Dr

140 Minna Ln

1365 Pineapple Ave

521 Washington Ave

50 Needle Blvd

225 S Tropical Trail

50 Needle Blvd, Unit 26

55 Sea Park Blvd

595 Cinnamon Dr

3150 N Harbor City Blvd

911 N Colonial Ct

280 Spring Dr

923 S Colonial Ct

142 Highland St

585 Montreal Ave

425 Catamaran Dr

265 Spring Dr

135 E Colonial Ct

910 S Colonial Ct

1055 Cheyenne Blvd

1030 Pine Tree Dr

1880 Murrell Rd

1934 Otterbein Ave

115 E Colonial Ct

145 E Colonial Ct

106 Sunrise Ave

145 E Colonial Ct

1800 Charlesmont Dr

3135 Shady Dell Ln

1951 Island Club Dr

205 Palmetto Ave

1057 Small Ct

1040 Ashley Ave

917 Jamestown Ave

1251 Alsup Dr

1622 Gable Ct

500 Palm Springs Blvd

505 Landings Way

2186 Jimmy Buffett Mem Hwy
Merritt Island, FL Local Guide

How much does it cost to rent a home in Merritt Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Merritt Island 2 Bedroom Homes for Rent | $2,220 | $945 | $6,000 |
Merritt Island 3 Bedroom Homes for Rent | $3,183 | $1,575 | $9,000 |
Merritt Island 4 Bedroom Homes for Rent | $3,714 | $2,100 | $7,000 |
Merritt Island 5 Bedroom Homes for Rent | $7,530 | $4,150 | $10,000+ |
Browse Top Homes for Rent in Merritt Island
Explore Merritt Island
Merritt Island, FL Local Guide
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Cheapest Neighborhoods for Apartments in Merritt Island, FL
Pricing Updated: 04/07/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Abby Marina | $4,830 | $975 | 32 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Addison Cove | Studio | Studio,1BA | $975 |
Cocoa Village Flats | Studio | Studio,1BA | $975 |
Marella Bay | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,099 |
Villas of Cocoa | 1 Bd 1 Bath | 1BR,1BA | $1,160 |
Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1,276 |
Marina Isle | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,299 |
Park Drive Apartments | 1 | 1BR,1BA | $1,300 |
The Sands on Clearlake | One Bedroom | 1BR,1BA | $1,300 |
Costa Vue | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,334 |
Best Value Apartments for Rent in Merritt Island, FL
As of April 07, 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 $1,565 with a $1.31 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
North Island Villas Rental Homes | North Island Villas Townhome | 3BR,2.5BA | $1.67 |
The Brittany | Cabana | 2BR,2BA | $1.31 |
Harbour Pointe | Cobia | 2BR,1BA | $1.68 |
1560 University Ln, Unit 606 | 1560 University Ln | 2BR,2BA | $1.79 |
Costa Vue | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.48 |
Marella Bay | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.52 |
Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1.60 |
Park Drive Apartments | 1 | 1BR,1BA | $1.63 |
Marina Isle | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.86 |
Villas of Cocoa | 1 Bd 1 Bath | 1BR,1BA | $2.01 |
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Frequently Asked Questions about Merritt Island
What type of rentals are currently available in Merritt Island?
There are currently 279 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $8,400. There are also 209 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $945 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 $945 to $15,000 with an average monthly rent of $5,568.
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 $3,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $9,000. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $3,910.
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.

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.

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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.