Cheap Homes for Rent in Merritt Island, FL from $900 (62 Rentals)

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

property at 180 Minna Ln

$1,125 - $1,350

2 Bedroom Rentals

Available Now

180 Minna Ln

Merritt IslandFL32953
property at 833 Berkshire Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 2 Bath Home for Rent

Available Jul 15

833 Berkshire Dr

RockledgeFL32955
property at 140 Minna Ln

$1,250

2 Bedroom Rentals

Available Now

140 Minna Ln

Merritt IslandFL32953

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.

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property at 1701 Post Rd

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

1 Bedroom, 1 Bath Home for Rent

Available Now

1701 Post Rd

MelbourneFL32935
property at 55 Sea Park Blvd

$1,395 - $1,675

1 To 2 Bedroom Rentals

Available Now

55 Sea Park Blvd

Satellite BeachFL32937

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.

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property at 1801 Island Club Dr

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

1 Bedroom, 1 Bath Condo for Rent

Available Now

1801 Island Club Dr, Unit 593

1801 Island Club Dr
IndialanticFL32903
property at 55 Needle Blvd

$1,490 - $1,600

2 Bedroom Rentals

Available Now

55 Needle Blvd

Merritt IslandFL32953

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.

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property at 909 S Colonial Ct

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

909 S Colonial Ct

Indian Harbour BeachFL32937

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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: 07/09/2026

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$9,615$97516

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 Merritt Island neighborhood priced from $975. Vetra Indian Harbour Beach in the Coastal Brevard neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,002. Here is today’s list of the most affordable Merritt Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Addison CoveStudioStudio,1BA$975
Vetra Indian Harbour BeachE1Studio,1BA$1,002
Villas of CocoaStudioStudio,1BA$1,080
Marella BayStudioStudio,1BA$1,095
Costa VueStudioStudio,1BA$1,099
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,150
Topaz CayMessina1BR,1BA$1,199
Shore View ApartmentsStudioStudio,1BA$1,250
Park Drive Apartments11BR,1BA$1,300

Best Value Apartments for Rent in Merritt Island, FL

As of July 09, 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 Merritt Island neighborhood starting from $2,775. The second greatest value Merritt Island apartment is the Vista Model at The Brittany starting at $1,645 with a $1.38 price per square foot in the Coastal Brevard 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$1.70
The BrittanyVista2BR,1BA$1.38
Rivercrest RacquetJunior "B" 2 Bedroom2BR,2BA$1.45
Harbour PointeCobia2BR,1BA$1.79
1648 Guava Ave, Unit A1648 Guava Ave2BR,1BA$1.67
Park Drive Apartments11BR,1BA$1.63
140 Minna Ln, Unit 409140 Minna Ln2BR,1BA$1.74
Shore View ApartmentsStudioStudio ,1BA$1.84
Topaz CayMessina1BR,1BA$1.94
Costa VueStudioStudio ,1BA$1.83

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.

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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.

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Quick 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

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See the most popular apartments and homes in Merritt Island, FL

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Frequently Asked Questions about Merritt Island

What type of rentals are currently available in Merritt Island?

There are currently 277 Apartments for Rent in Merritt Island, FL with pricing that ranges from $975 to $25,831. There are also 245 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $975 to $9,000.

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 $975 to $9,000 with an average monthly rent of $3,392.

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 $1,545 to $9,994, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $5,102.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.