
Cheap Apartments for Rent in Merritt Island, FL from $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Merritt Island.


Marella Bay

Costa Vue

Cocoa Village Flats

650 Dixon Blvd

619 Peachtree St
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.

Orchid Lake Apartments

Riverpark Apartments

Villas of Cocoa

1440 Parkway Dr
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.

The Sands on Clearlake

The Pines Resort and Apartments

Park Drive Apartments

185 SE 4th St

7 Oak St
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.
Merritt Island, FL Local Guide

How much does it cost to rent an apartment in Merritt Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Merritt Island Studio Apartments | $1,168 | $975 | $1,524 |
Cheap Merritt Island 1 Bedroom Apartments | $1,563 | $995 | $2,600 |
Cheap Merritt Island 2 Bedroom Apartments | $1,812 | $1,175 | $3,060 |
Cheap Merritt Island 3 Bedroom Apartments | $2,331 | $1,363 | $3,910 |
Cheap Merritt Island 4 Bedroom Apartments | $4,560 | $4,560 | $4,560 |
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Merritt Island, FL Local Guide
- Merritt Island Neighborhoods
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Cheapest Neighborhoods for Apartments in Merritt Island, FL
Pricing Updated: 06/29/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Abby Marina | $4,560 | $975 | 21 |
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 Abby Marina 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Addison Cove | Studio | Studio,1BA | $975 |
Cocoa Village Flats | Studio | Studio,1BA | $975 |
Marella Bay | Studio | Studio,1BA | $999 |
Villas of Cocoa | Studio | Studio,1BA | $1,080 |
The Sands on Clearlake | One Bedroom | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Merritt Island, FL
As of June 29, 2025 the best value apartment in the Merritt Island area is the $1.64 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Abby Marina neighborhood starting from $2,685. The second greatest value Merritt Island apartment is the Model C 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
North Island Villas Rental Homes | North Island Villas Townhome | 3BR,2.5BA | $1.64 |
Legacy at Oakwood Landing | Model C | 3BR,2BA | $1.82 |
The Brittany | Cabana | 2BR,2BA | $1.41 |
Harbour Pointe | Tarpon | 2BR,1.5BA | $1.86 |
1018 Park Dr, Unit 1 | 1018 Park Dr | 2BR,1BA | $1.58 |
1560 University Ln, Unit 606 | 1560 University Ln | 2BR,2BA | $1.79 |
Costa Vue | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.44 |
Park Drive Apartments | 1 | 1BR,1BA | $1.63 |
Marina Isle | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.93 |
Marella Bay | Studio | Studio ,1BA | $2.00 |
Quick Rent Budget Calculator
How much rent can you afford?
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Best Local Schools in Merritt Island, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Addison Cove listed at $975.
How much is rent for a Cheap One Bedroom Merritt Island Apartment?
The lowest price for a Cheap One Bedroom Merritt Island Apartment is $1,120 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 $1,195 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 $1,495.
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.

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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.