Cheap Apartments for Rent in Merritt Island, FL from $600 (26 Rentals)

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

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Cocoa Village Suites
Studio to 1 Bedroom Apartments

Cocoa Village Suites

636 Brevard AveCocoa, FL 32922
  • Utilities Included
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Clearlake Isles
1 to 2 Bedroom Apartments

Clearlake Isles

1546 Clearlake RdCocoa, FL 32922
Senior Living
  • Utilities Included
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Riverpark Apartments
1 to 2 Bedroom Apartments

Riverpark Apartments

1304-1305 N Fiske BlvdCocoa, FL 32922
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Showing Results 1-26, Page 1 of 1

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 07/30/2025

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$4,570$97519

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
Villas of CocoaStudioStudio,1BA$1,080
Costa Vue1 Bedroom 1 Bathroom1BR,1BA$1,099
The Sands on ClearlakeOne Bedroom1BR,1BA$1,195
The Lenox at Merritt IslandPalm Shores2BR,2BA$1,195
Topaz CayMessina1BR,1BA$1,199
Marina Isle2 Bedroom 1 Bathroom2BR,1BA$1,245
Marella Bay2 Bedroom 1 Bathroom2BR,1BA$1,295

Best Value Apartments for Rent in Merritt Island, FL

As of July 30, 2025 the best value apartment in the Merritt Island area is the $1.65 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Abby Marina neighborhood starting from $2,695. The second greatest value Merritt Island apartment is the Model C1 Model at Legacy at Oakwood Landing starting at $2,245 with a $1.82 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$1.65
Legacy at Oakwood LandingModel C13BR,2BA$1.82
The BrittanyCabana2BR,2BA$1.42
Harbour PointeTarpon2BR,1.5BA$1.86
The Pines Resort and ApartmentsB22BR,2BA$1.78
Marella Bay2 Bedroom 1 Bathroom2BR,1BA$1.52
Park Drive Apartments11BR,1BA$1.63
Marina Isle2 Bedroom 1 Bathroom2BR,1BA$1.78
Costa Vue1 Bedroom 1 Bathroom1BR,1BA$1.57
Rivercrest RacquetJunior "A" 1 Bedroom1BR,1BA$1.86

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Best Local Schools in
Merritt Island, FL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Getting Around Merritt Island, FL

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Costa Vue.

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 $1,195 at The Lenox at Merritt Island.

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 $1,395.

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

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.