Cheap Apartments for Rent in Merritt Island, FL from $900 (109 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 140 Minna Ln
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

140 Minna Ln, Unit colonial arms

140 Minna Ln
Merritt IslandFL32953
property at 435 Catamaran Dr
$1,550

Total Monthly Price

Base Rent$1,550
Total Monthly Price$1,550
2 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

435 Catamaran Dr, Unit #55

435 Catamaran Dr
Merritt IslandFL32952

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
property at 140 Minna Ln
$1,095 - $1,400
2 Bedroom Rentals
Available Now
Affordability

140 Minna Ln

Merritt IslandFL32953
property at 180 Minna Ln
$1,100 - $1,299
2 Bedroom Rentals
Available Now
Affordability

180 Minna Ln

Merritt IslandFL32953

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 225 S Tropical Trail
$1,250 - $2,800
1 To 2 Bedroom Rentals
Available Now
Affordability

225 S Tropical Trail

Merritt IslandFL32952

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Topaz Cay
$1,050 - $1,699

Total Monthly Price

Base Rent$1,050 - $1,699
Total Monthly Price$1,050 - $1,699
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 1440 Parkway Dr
$1,300 - $1,495
1 To 2 Bedroom Rentals
Available Now
Affordability

1440 Parkway Dr

MelbourneFL32935
property at 7 Oak St
$1,300
1 Bedroom Rentals
Available Sep 16
Affordability

7 Oak St

CocoaFL32922
  • Smoke Free

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
Showing Results 1-50, Page 1 of 3

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 09/12/2026

Current apartment rentals in the Merritt Island, FL area range in price from $975 to $14,747 with an overall median price of $1,435. Here is today’s list neighborhoods with the lowest median pricing for Merritt Island Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Abby Marina$1,435$97514

Cheapest Available Merritt Island Apartments for Rent

 

The cheapest available apartment rental in Merritt Island, FL is a Studio unit found at Cocoa Village Flats in the Cocoa neighborhood priced from $950. Addison Cove in the Merritt Island 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
Cocoa Village FlatsStudioStudio,1BA$950
Addison CoveStudioStudio,1BA$975
Vetra Indian Harbour BeachE1Studio,1BA$978
Marella BayStudioStudio,1BA$1,095
Costa VueStudioStudio,1BA$1,099
Topaz CayMessina1BR,1BA$1,124
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,145
Villas of Cocoa1 Bd 1 Bath1BR,1BA$1,160
The Sands on ClearlakeOne Bedroom1BR,1BA$1,195

Best Value Apartments for Rent in Merritt Island, FL

As of September 12, 2026 the best value apartment in the Merritt Island area is the $1.70 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Merritt Island neighborhood starting from $2,775. The second greatest value Merritt Island apartment is the C- 2 Bedroom 2 Bath Model at Rivercrest Racquet starting at $1,404 with a $1.17 price per square foot in the 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$1.70
Rivercrest RacquetC- 2 Bedroom 2 Bath2BR,2BA$1.17
The BrittanyCabana2BR,2BA$1.40
Harbour PointeCobia2BR,1BA$1.79
Casa Bella2BR/1.0BA2BR,1BA$1.50
Cocoa Hilltops2bd 1ba2BR,1BA$1.31
Avocado - 1727 Avocado Ave.2BR/1.0BA2BR,1BA$1.64
Villas of Cocoa2 Bed 1 Bath2BR,1BA$1.67
Park Drive Apartments11BR,1BA$1.63
Topaz CayMessina1BR,1BA$1.82

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Merritt Island, FL

School data provided by Great Schools

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

Explore Merritt Island, FL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Merritt Island, FL

View Map
Merritt Island, FL Apartments Map
View Map
Merritt Island, FL Rental Homes Map

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 Cocoa Village Flats listed at $950.

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

The lowest price for a Cheap One Bedroom Merritt Island Apartment is $1,124 at Topaz Cay.

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 $1,050 at Topaz Cay.

What is the most affordable Merritt Island Three Bedroom Apartment?

The best deal on a cheap Merritt Island Three Bedroom Apartment rental is at Marina Isle and starts from $1,545.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.