Cheap Homes for Rent in Merritt Island, FL from $900 (56 Rentals)

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

property at 55 Sea Park Blvd

55 Sea Park Blvd

Satellite BeachFL32937
property at 1701 Post Rd

1701 Post Rd

MelbourneFL32935

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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property at 50 Needle Blvd

50 Needle Blvd

Merritt IslandFL32953

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: 06/23/2025

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$4,560$97523

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 $975. Marella Bay in the Abby Marina neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Merritt Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cocoa Village FlatsStudioStudio,1BA$975
Marella BayStudioStudio,1BA$999
Villas of CocoaStudioStudio,1BA$1,080
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,195
The Lenox at Merritt IslandPalm Shores2BR,2BA$1,195
Addison Cove1 Bedroom 1 Bathroom1BR,1BA$1,249
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1,295
Park Drive Apartments11BR,1BA$1,300
The Sands on ClearlakeOne Bedroom1BR,1BA$1,300
Topaz CayMessina1BR,1BA$1,350

Best Value Apartments for Rent in Merritt Island, FL

As of June 23, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
North Island Villas Rental HomesNorth Island Villas Townhome3BR,2.5BA$1.64
Legacy at Oakwood LandingModel C3BR,2BA$1.82
The BrittanyCabana2BR,2BA$1.41
Harbour PointeTarpon2BR,1.5BA$1.86
The Pines Resort and ApartmentsB22BR,2BA$1.58
1560 University Ln, Unit 6061560 University Ln2BR,2BA$1.79
Costa Vue2 Bedroom 1 Bathroom2BR,1BA$1.44
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1.75
Park Drive Apartments11BR,1BA$1.63
Marella BayStudioStudio ,1BA$2.00

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Merritt Island

What type of rentals are currently available in Merritt Island?

There are currently 260 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $9,000. There are also 290 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $995 to $16,000.

What is the current price range for Rental Homes in Merritt Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Merritt Island ranges from $995 to $16,000 with an average monthly rent of $5,565.

How much are larger Three and Four Bedroom Rentals in Merritt Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Merritt Island range from $1,363 to $4,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,180.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

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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.