700 Hughlett Ave
CocoaFL32922
Cheap Homes for Rent in Merritt Island, FL from $600 (47 Rentals)
Search the lowest-cost Homes available for rent right now in Merritt Island.
920 Boardwalk Ln
CocoaFL32922
808 Johnson St
CocoaFL32922
1558 University Ln, Unit 505, Unit 505
1558 University Ln
CocoaFL32922
800 N Fiske Blvd
CocoaFL32922
1704 University Ln
CocoaFL32922
555 Aster Ct, Unit # 4, Unit # 4
555 Aster Ct
Merritt IslandFL32953
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$1,2902 Bedroom Apartments Available Now
801 Washington St, Unit B
801 Washington StCocoa, FL 32922
650 Is Clb Ct
IndialanticFL32903
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.
3135 Shady Dell Ln, Unit 233, Unit 233
3135 Shady Dell Ln
MelbourneFL32935
140 Minna Ln
Merritt IslandFL32953
118 Olive St
CocoaFL32922
1527 Schoolhouse St
Merritt IslandFL32953
1701 Post Rd
MelbourneFL32935
1812 Guava Ave
MelbourneFL32935
3135 Shady Dell Ln
MelbourneFL32935
283 Buffalo Pl
RockledgeFL32955
1728 Guava Ave
MelbourneFL32935
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.
225 S Tropical Trail
Merritt IslandFL32952
647 School St
CocoaFL32922
1951 Island Club Dr
MelbourneFL32903
1951 Island Club Dr
IndialanticFL32903
360 Schoolhouse Ln
Merritt IslandFL32953
802 Forrest Ave
CocoaFL32922
1875 Missle View Ave
Merritt IslandFL32952
1720 Murrell Rd
RockledgeFL32955
1882 Murrell Rd
RockledgeFL32955
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.
50 Needle Blvd
Merritt IslandFL32953
39 Carmalt St
CocoaFL32922
55 Needle Blvd
Merritt IslandFL32953
305 Prospect Ave
CocoaFL32922
911 S Colonial Ct
Indian Harbour BeachFL32937
200 S Banana River Dr
Merritt IslandFL32952
19 Highland St
CocoaFL32922
913 S Colonial Ct
Indian Harbour BeachFL32937
250 N Banana River Dr
Merritt IslandFL32952
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.
18 North Ct
IndialanticFL32903
18 North Ct
IndialanticFL32903
1365 Pineapple Ave, Unit N, Unit N
1365 Pineapple Ave
MelbourneFL32935
2545 Via Vittoria Ct
Merritt IslandFL32953
388 Hibiscus Ave
Merritt IslandFL32953
420 N Fiske Blvd
CocoaFL32922
1880 Murrell Rd
RockledgeFL32955
3150 N Harbor City Blvd
MelbourneFL32935
1020 Pine Tree Dr
Indian Harbour BeachFL32937
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.
1706 Pineda St
CocoaFL32922
515 Landings Way
Merritt IslandFL32952
Showing Results 1-47, Page 1 of 1
Merritt Island, FL Local Guide
How much does it cost to rent a home in Merritt Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Merritt Island 2 Bedroom Homes for Rent | $2,074 | $750 | $4,750 |
| Merritt Island 3 Bedroom Homes for Rent | $2,885 | $1,500 | $8,000 |
| Merritt Island 4 Bedroom Homes for Rent | $4,444 | $2,245 | $10,000+ |
| Merritt Island 5 Bedroom Homes for Rent | $4,280 | $2,600 | $7,000 |
| Merritt Island 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Merritt Island
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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: 05/24/2026Current 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 | $8,314 | $975 | 16 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cocoa Village Flats | Studio | Studio,1BA | $950 |
| Addison Cove | Studio | Studio,1BA | $975 |
| Marella Bay | Studio | Studio,1BA | $999 |
| Costa Vue | Studio | Studio,1BA | $1,049 |
| Villas of Cocoa | 1 Bd 1 Bath | 1BR,1BA | $1,099 |
| Rivercrest Racquet | A-1 Bedroom 1 Bath | 1BR,1BA | $1,134 |
| Vetra Indian Harbour Beach | E1 | Studio,1BA | $1,178 |
| Marina Isle | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,195 |
| Topaz Cay | Messina | 1BR,1BA | $1,199 |
| Shore View Apartments | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Merritt Island, FL
As of May 24, 2026 the best value apartment in the Merritt Island area is the $1.70 price per square foot North Island Villas Townhome Model at North Island Villas Rental Homes in the in the Abby Marina neighborhood starting from $2,775. The second greatest value Merritt Island apartment is the Tarpon Model at Harbour Pointe starting at $1,953 with a $1.78 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| North Island Villas Rental Homes | North Island Villas Townhome | 3BR,2.5BA | $1.70 |
| Harbour Pointe | Tarpon | 2BR,1.5BA | $1.78 |
| Rivercrest Racquet | Junior "B" 2 Bedroom | 2BR,2BA | $1.53 |
| 1648 Guava Ave, Unit A | 1648 Guava Ave | 2BR,1BA | $1.67 |
| Park Drive Apartments | 1 | 1BR,1BA | $1.63 |
| 140 Minna Ln, Unit 409 | 140 Minna Ln | 2BR,1BA | $1.72 |
| Shore View Apartments | Studio | Studio ,1BA | $1.84 |
| Topaz Cay | Messina | 1BR,1BA | $1.94 |
| Costa Vue | Studio | Studio ,1BA | $1.75 |
| Villas of Cocoa | 1 Bd 1 Bath | 1BR,1BA | $1.91 |
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.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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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Best Local Schools in Merritt Island, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Merritt Island, FL Rentals by Map
See the most popular apartments and homes in Merritt Island, FL
Frequently Asked Questions about Merritt Island
What type of rentals are currently available in Merritt Island?
There are currently 271 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $25,831. There are also 264 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $675 to $15,000.
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 $675 to $15,000 with an average monthly rent of $3,029.
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 $9,994, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,245 and Four Bedroom Apartments start at $3,799.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.