Cheap Homes for Rent in Merritt Island, FL from $700 (65 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 808 Forrest Ave

808 Forrest Ave

CocoaFL32922

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.

Read Article
property at 55 Needle Blvd

55 Needle Blvd

Merritt IslandFL32953

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.

Read Article
property at 50 Needle Blvd

50 Needle Blvd

Merritt IslandFL32953
property at 55 Sea Park Blvd

55 Sea Park Blvd

Satellite BeachFL32937
property at 808 Forrest Ave

808 Forrest Ave

CocoaFL32922

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.

Read Article

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.

Read Article
property at 1720 Murrell Rd

1720 Murrell Rd

RockledgeFL32955

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.

Read Article
Showing Results 1-50, Page 1 of 2

Merritt Island, FL Local Guide

Cheapest Neighborhoods for Apartments in Merritt Island, FL

Pricing Updated: 11/08/2025

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$5,289$97524

Cheapest Available Merritt Island Apartments for Rent

 

The cheapest available apartment rental in Merritt Island, FL is a 1 Bed unit found at Orchid Lake in the Port St John Cocoa West neighborhood priced from $284. 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 ListingModel NameBed/BathPriced From
Orchid Lake1/1 Bedroom1BR,1BA$284
Cocoa Village FlatsStudioStudio,1BA$950
Marella BayStudioStudio,1BA$999
Addison Cove1 Bedroom 1 Bathroom1BR,1BA$1,073
Marina Isle1 Bedroom 1 Bathroom1BR,1BA$1,195
The Sands on ClearlakeOne Bedroom1BR,1BA$1,195
Vetra Indian Harbour BeachE1Studio,1BA$1,199
Costa Vue1 Bedroom 1 Bathroom1BR,1BA$1,199
Topaz CayMessina1BR,1BA$1,249
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1,262

Best Value Apartments for Rent in Merritt Island, FL

As of November 08, 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 Cabana Model at The Brittany starting at $1,530 with a $1.28 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$1.56
The BrittanyCabana2BR,2BA$1.28
Orchid Lake3/2 Bedroom3BR,2BA$0.97
Harbour PointeTarpon2BR,1.5BA$1.86
Villas of Cocoa2 Bed 1 Bath2BR,1BA$1.67
Rivercrest RacquetA-1 Bedroom 1 Bath1BR,1BA$1.58
Park Drive Apartments11BR,1BA$1.63
Costa Vue1 Bedroom 1 Bathroom1BR,1BA$1.71
Addison Cove1 Bedroom 1 Bathroom1BR,1BA$1.87
Marella BayStudioStudio ,1BA$2.00

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

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

View Map
Merritt Island, FL Apartments Map
View Map
Merritt Island, FL Rental Homes Map

Frequently Asked Questions about Merritt Island

What type of rentals are currently available in Merritt Island?

There are currently 268 Apartments for Rent in Merritt Island, FL with pricing that ranges from $284 to $9,000. There are also 308 Single Family Homes for rent, Condos, and Townhome rentals currently available in Merritt Island ranging from $750 to $10,000.

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 $750 to $10,000 with an average monthly rent of $2,942.

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 $1,103 to $4,879, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,515 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $5,289.

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.