Cheap Apartments for Rent in Merritt Island, FL from $600 (105 Rentals)

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

property at 6475 Colony Park Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

6475 Colony Park Dr

Merritt IslandFL32953
property at 1780 Manta Bay St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

Studio, 1 Bath Home for Rent

Available Now

1780 Manta Bay St

Merritt IslandFL32952

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 360 Schoolhouse Ln

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

360 Schoolhouse Ln

Merritt IslandFL32953
property at 55 Needle Blvd

$1,500 - $1,595

2 Bedroom Rentals

Available Now

55 Needle Blvd

Merritt IslandFL32953
property at 310 Sherwood Pl

$1,600

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 2 Bath Townhome for Rent

Available Now

310 Sherwood Pl

Merritt IslandFL32953
property at 2545 Via Vittoria Ct

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

3 Bedroom, 2 Bath Home for Rent

Available Now

2545 Via Vittoria Ct

Merritt IslandFL32953

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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property at 700 Hughlett Ave

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

1 Bedroom, 1 Bath Home for Rent

Available Now

700 Hughlett Ave

CocoaFL32922

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1440 Parkway Dr

$1,250 - $1,495

1 To 2 Bedroom Rentals

Available Now

1440 Parkway Dr

MelbourneFL32935
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Topaz Cay
$1,409 - $1,859
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,859
Total Monthly Price
$1,409 - $1,859
1 to 3 Bedroom Apartments Available Now

Topaz Cay

1900 Post RdMelbourne, FL 32935
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property at 500 Palm Springs Blvd

$1,600

Total Monthly Price

Total Monthly Price

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

2 Bedroom, 1.5 Bath Condo for Rent

Available May 8

500 Palm Springs Blvd, Unit 303, Unit 303

500 Palm Springs Blvd
Indian Harbour BeachFL32937

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 3

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 04/29/2026

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$7,066$97512

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 Diamond Square neighborhood priced from $950. Addison Cove in the Abby Marina 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
Marella BayStudioStudio,1BA$999
Villas of Cocoa1 Bd 1 Bath1BR,1BA$1,099
Costa VueStudioStudio,1BA$1,099
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,195
Vetra Indian Harbour BeachE1Studio,1BA$1,199
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,209
The Lenox at Merritt IslandTurtle Creek1BR,1BA$1,225

Best Value Apartments for Rent in Merritt Island, FL

As of April 29, 2026 the best value apartment in the Merritt Island area is the $1.30 price per square foot Cabana Model at The Brittany in the in the Coastal Brevard neighborhood starting from $1,555. The second greatest value Merritt Island apartment is the Cobia Model at Harbour Pointe starting at $1,973 with a $1.97 price per square foot in the South Patrick 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.
The BrittanyCabana2BR,2BA$1.30
Harbour PointeCobia2BR,1BA$1.97
Topaz CayRimini2BR,1BA$1.76
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1.51
Park Drive Apartments11BR,1BA$1.63
Shore View ApartmentsStudioStudio ,1BA$1.84
The Lenox at Merritt IslandTurtle Creek1BR,1.5BA$2.01
Costa VueStudioStudio ,1BA$1.83
Villas of Cocoa1 Bd 1 Bath1BR,1BA$1.91
Marella BayStudioStudio ,1BA$2.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Remember the 3 Rules of Real Estate:
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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 Villas of Cocoa.

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 $1,275 at Marina Isle.

What is the most affordable Merritt Island Three Bedroom Apartment?

The best deal on a cheap Merritt Island Three Bedroom Apartment rental is at Marella Bay and starts from $1,595.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.