Cheap Homes for Rent in Merritt Island, FL from $900 (47 Rentals)

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

property at 140 Minna Ln

140 Minna Ln

Merritt IslandFL32953
property at 50 Needle Blvd

50 Needle Blvd

Merritt IslandFL32953
property at 55 Sea Park Blvd

55 Sea Park Blvd

Satellite BeachFL32937
property at 595 Cinnamon Dr

595 Cinnamon Dr

Satellite BeachFL32937
property at 923 S Colonial Ct

923 S Colonial Ct

Indian Harbour BeachFL32937
property at 1030 Pine Tree Dr

1030 Pine Tree Dr

Indian Harbour BeachFL32937
property at 106 Sunrise Ave

106 Sunrise Ave

Satellite BeachFL32937
Showing Results 1-47, Page 1 of 1

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 03/23/2025

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$2,400$975240

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
Villas of Cocoa1 Bd 1 Bath1BR,1BA$1,160
Park Drive Apartments11BR,1BA$1,200
Marina Isle2 Bedroom 1 Bathroom2BR,1BA$1,300
The Lenox at Merritt IslandLagoon1BR,1BA$1,350
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1,384
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1,387

Best Value Apartments for Rent in Merritt Island, FL

As of March 23, 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 320 Myrtlewood Rd Model at 320 Myrtlewood Rd starting at $2,145 with a $1.74 price per square foot in the Suburban Melbourne 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
320 Myrtlewood Rd320 Myrtlewood Rd3BR,2BA$1.74
The BrittanyCabana2BR,2BA$1.29
The Park at Topaz CayRoma3BR,2BA$1.61
Harbour PointeTarpon2BR,1.5BA$1.83
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1.39
1560 University Ln, Unit 6061560 University Ln2BR,2BA$1.79
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1.54
Marella Bay2 Bedroom 1 Bathroom2BR,1BA$1.52
Park Drive Apartments11BR,1BA$1.50

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Frequently Asked Questions about Merritt Island

What type of rentals are currently available in Merritt Island?

There are currently 256 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $4,175. There are also 221 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $950 to $12,000.

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 $12,000 with an average monthly rent of $3,566.

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 $3,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $9,000. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,400.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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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.