105 Palmetto Ave
Merritt IslandFL32953
Cheap Apartments for Rent in Merritt Island, FL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Merritt Island.
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$975 - $1,273Studio to 1 Bedroom Apartments Available Now
Addison Cove
630 Kurek CtMerritt Island, FL 32953
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$999 - $1,699Studio to 3 Bedroom Apartments Available Now
Marella Bay
700 N Courtenay PkyMerritt Island, FL 32953
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$1,034 - $1,399Studio to 2 Bedroom Apartments Available Now
Costa Vue
1155 N Courtenay PkyMerritt Island, FL 32953
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$750 - $899Studio to 2 Bedroom Apartments Available Now
Riverside Apartments
650 Dixon BlvdCocoa, FL 32922
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$950 - $1,799Studio to 2 Bedroom Apartments Available Now
Cocoa Village Flats
301 Forrest AveCocoa, FL 32922
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Showing Results 1-13, Page 1 of 1
Merritt Island, FL Local Guide
Merritt Island by Jared is licensed under CC BY 2.0
How much does it cost to rent an apartment in Merritt Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Merritt Island Studio Apartments | $1,048 | $750 | $1,385 |
| Cheap Merritt Island 1 Bedroom Apartments | $1,495 | $809 | $2,030 |
| Cheap Merritt Island 2 Bedroom Apartments | $1,740 | $579 | $3,257 |
| Cheap Merritt Island 3 Bedroom Apartments | $2,336 | $662 | $6,261 |
| Cheap Merritt Island 4 Bedroom Apartments | $8,885 | $6,614 | $10,000+ |
Browse Top Apartments in Merritt Island
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Merritt Island, FL Local Guide
- Merritt Island Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Merritt Island, FL
Pricing Updated: 10/29/2025Current 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 | $6,614 | $975 | 23 |
Cheapest Available Merritt Island Apartments for Rent
The cheapest available apartment rental in Merritt Island, FL is a 2 Beds unit found at Orchid Lake in the Port St John Cocoa West neighborhood priced from $579. Cocoa Village Flats in the Diamond Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Merritt Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orchid Lake | 2/2 Bedroom | 2BR,2BA | $579 |
| Cocoa Village Flats | Studio | Studio,1BA | $950 |
| Topaz Cay | Messina | 1BR,1BA | $1,149 |
| Villas of Cocoa | 1 Bd 1 Bath | 1BR,1BA | $1,160 |
| Addison Cove | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,173 |
Best Value Apartments for Rent in Merritt Island, FL
As of October 30, 2025 the best value apartment in the Merritt Island area is the $1.56 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Abby Marina neighborhood starting from $2,555. The second greatest value Merritt Island apartment is the 3 Bedroom 2 Bathroom Model at Marella Bay starting at $1,495 with a $1.15 price per square foot in the Abby Marina 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 | $1.56 |
| Marella Bay | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.15 |
| The Brittany | Cabana | 2BR,2BA | $1.27 |
| Harbour Pointe | Tarpon | 2BR,1.5BA | $1.86 |
| Orchid Lake | 2/2 Bedroom | 2BR,2BA | $0.63 |
| Marina Isle | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.82 |
| Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1.68 |
| Park Drive Apartments | 1 | 1BR,1BA | $1.63 |
| Costa Vue | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
| Topaz Cay | Messina | 1BR,1BA | $1.86 |
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Best Local Schools in 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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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 $1,149 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 $579 at Orchid Lake.
What is the most affordable Merritt Island Three Bedroom Apartment?
The best deal on a cheap Merritt Island Three Bedroom Apartment rental is at Orchid Lake and starts from $662.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.