Cheap Apartments for Rent in Merritt Island, FL from $600 (81 Rentals)

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

property at 435 Catamaran Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 2 Bath Condo for Rent

Available Now

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.

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property at 140 Minna Ln

$1,095

2 Bedroom Rentals

Available Now

140 Minna Ln

Merritt IslandFL32953
property at 180 Minna Ln

$1,125 - $1,350

2 Bedroom Rentals

Available Now

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.

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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.

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Topaz Cay
$1,199 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,699
Total Monthly Price
$1,199 - $1,699
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
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property at 833 Berkshire Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Aug 15

833 Berkshire Dr

RockledgeFL32955
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44 Barton Ave
$1,329 - $1,549
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $1,549
Total Monthly Price
$1,329 - $1,549
Studio to 1 Bedroom Apartment Available Now

44 Barton Ave

44 Barton AveRockledge, FL 32955
Furnished
  • Smoke Free

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.

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property at 1031 Park Dr

$1,695

2 Bedroom Rentals

Available Now

1031 Park Dr

Indian Harbour BeachFL32937

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.

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Showing Results 1-50, Page 1 of 2

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 07/29/2026

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$10,744$97516

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$1,002
Villas of CocoaStudioStudio,1BA$1,080
Marella BayStudioStudio,1BA$1,095
Costa VueStudioStudio,1BA$1,099
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,150
Topaz CayMessina1BR,1BA$1,199
Shore View ApartmentsStudioStudio,1BA$1,250
Park Drive Apartments11BR,1BA$1,300

Best Value Apartments for Rent in Merritt Island, FL

As of July 29, 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 Model B Model at Legacy at Oakwood Landing starting at $1,850 with a $1.77 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$1.70
Legacy at Oakwood LandingModel B2BR,2BA$1.77
The Lenox at Merritt IslandEdgewater2BR,2BA$1.60
Harbour PointeCobia2BR,1BA$1.79
Park Drive Apartments11BR,1BA$1.63
140 Minna Ln, Unit 316140 Minna Ln2BR,1BA$1.71
Shore View ApartmentsStudioStudio ,1BA$1.84
Topaz CayMessina1BR,1BA$1.94
Costa VueStudioStudio ,1BA$1.83
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1.98

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.

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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.

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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.

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Merritt Island, FL

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

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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 $1,099 at Addison Cove.

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 $1,299 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 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

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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.

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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.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.