Rent to own Homes in Merritt Island, FL

The Sunshine State! Make a home near the beautiful beaches at Cocoa Beach, enjoy the wildlife at the many refuges and lounge in warmth in Merritt Island, FL. This small city, located in the popular vacation state of Florida, offers a laid-back place to live nearby of one of NASA's greatest space centers. Close to big cities but away from it all; you can live on the ocean while being able to drive back to the mainland.

Merritt Island, FL is a great place for affordable rent-to-own homes! With a median household income of over $72,961 and a median rent of $1,032, the Merritt Island, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Merritt Island, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Merritt Island, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1765 MONITOR ST
Rent To Own
Merritt Island
Single Family Home
Merritt Island, FL 32952
3
2
1854 ft2
1968
New
1 of 12 1710 University Ln
Rent To Own
Cocoa
Townhouse/Condo
Cocoa, FL 32922
2
2
864 ft2
1984
1511 TATE ST
Rent To Own
Cocoa
Single Family Home
Cocoa, FL 32922
1
1
559 ft2
1958
(Undisclosed Address)
Rent To Own
Le Barons Of Titusville
Single Family Home
Titusville, FL 32780
3
2
1587 ft2
95 LAKEVIEW AVE
Rent To Own
South Lake Village
Single Family Home
Titusville, FL 32796
3
1
932 ft2
1957
New
480 Sail Ln
Rent to Own Eligible
Merritt Island
Townhouse/Condo
Merritt Island, FL 32953
3
2
2048 ft2
2004
New
1190 DELMONTE ST
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
3
1
1360 ft2
1964
New
370 SAINT REGIS DR
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
3
1
1050 ft2
1965
820 NEWFOUND HARBOR DR
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32952
3
3
3244 ft2
2003
New
315 CHERRY AVE
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
3
1
1282 ft2
1964
New
618 MANATEE BAY DR
Rent to Own Eligible
Discovery Bay
Single Family Home
Cape Canaveral, FL 32920
5
3
2701 ft2
2002
New
3172 GLENRIDGE CIR
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
4
3
3288 ft2
2007
1 of 72 742 Bayside Dr
Rent to Own Eligible
Cape Canaveral
Townhouse/Condo
Cape Canaveral, FL 32920
3
2
2032 ft2
2004
165 Escambia Ln
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
2
2
1400 ft2
1991
2001 S Banana River Blvd
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
3
2
1489 ft2
1974
New
1288 POTOMAC DR
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32952
3
2
1559 ft2
1997
New
1 of 90 1700 N Atlantic Ave
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
2
2
1432 ft2
1985
New
2140 TOPAZ CT
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
4
2
1253 ft2
1967
New
8563 WINDER WAY
Rent to Own Eligible
Viera West
Single Family Home
Melbourne, FL 32940
4
2
1865 ft2
1999
620 WILEY CT
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32952
3
2
1554 ft2
1966
1 of 7 36 BOGART PL
Rent to Own Eligible
Townhomes And Villas Of Diana Shores
Townhouse/Condo
Merritt Island, FL 32953
3
3
1364 ft2
1986
295 RIVERSIDE AVE
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
3
2
1758 ft2
1962
137 SAINT CROIX AVE
Rent to Own Eligible
Cocoa Beach
Single Family Home
Cocoa Beach, FL 32931
3
3
2060 ft2
1968
1 of 35 190 Seminole Ln
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
2
2
1080 ft2
1983
1 of 135 3400 Ocean Beach Blvd
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
3
2
2027 ft2
1992
1 of 49 4100 Ocean Beach Blvd
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
2
2
1100 ft2
1974
104 W SUWANNEE LN
Rent to Own Eligible
Cocoa Beach
Single Family Home
Cocoa Beach, FL 32931
4
2
2258 ft2
1955
551 Casa Bella Dr
Rent to Own Eligible
Cape Canaveral
Townhouse/Condo
Cape Canaveral, FL 32920
3
2
2032 ft2
2006
1 of 55 8914 Puerto Del Rio Dr
Rent to Own Eligible
Cape Canaveral
Townhouse/Condo
Cape Canaveral, FL 32920
3
2
2434 ft2
2007
1185 FAULKINGHAM RD
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32952
3
2
2544 ft2
1976
1 of 171 5807 N Atlantic Ave
Rent to Own Eligible
Banana River Estates
Townhouse/Condo
Cape Canaveral, FL 32920
2
2
1116 ft2
1982
131 Portside Ave
Rent to Own Eligible
Cape Canaveral
Townhouse/Condo
Cape Canaveral, FL 32920
3
2
1562 ft2
2006
New
1345 BONAVENTURE DR
Rent to Own Eligible
Suntree
Single Family Home
Melbourne, FL 32940
3
2
1622 ft2
1985
5800 HERONS LANDING DR
Rent to Own Eligible
Viera North
Single Family Home
Rockledge, FL 32955
3
2
2538 ft2
1997
710 BAY VIEW CT
Rent to Own Eligible
Suntree
Single Family Home
Melbourne, FL 32940
3
2
2003 ft2
1997
1609 JOLSON CT
Rent to Own Eligible
Townhomes And Villas Of Diana Shores
Townhouse/Condo
Merritt Island, FL 32953
2
2
1017 ft2
1986
New
907 WILSHIRE CT
Rent to Own Eligible
Suntree
Townhouse/Condo
Melbourne, FL 32940
3
2
1172 ft2
1988
205 S Banana River Blvd
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
3
2
1650 ft2
1978
1 of 118 752 Bayside Dr
Rent to Own Eligible
Cape Canaveral
Townhouse/Condo
Cape Canaveral, FL 32920
4
4
4124 ft2
2003
6411 Borasco Dr
Rent to Own Eligible
Viera West
Townhouse/Condo
Melbourne, FL 32940
3
2
1305 ft2
2005
1 of 6 201 Saint Lucie Ln
Rent to Own Eligible
Cocoa Beach
Townhouse/Condo
Cocoa Beach, FL 32931
2
2
1030 ft2
1979
New
1 of 96 6431 Borasco Dr
Rent to Own Eligible
Viera West
Townhouse/Condo
Melbourne, FL 32940
1
1
598 ft2
2005
New
816 SPANISH COVE DR
Rent to Own Eligible
Suntree
Single Family Home
Melbourne, FL 32940
3
2
2185 ft2
1991
280 ALABAMA AVE
Rent to Own Eligible
Merritt Island
Single Family Home
Merritt Island, FL 32953
3
2
1215 ft2
1959
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Buying a Home in Merritt Island, FL

Merritt Island, FL is seeing rapid growth and Merritt Island, FL's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Merritt Island, FL is part of Brevard county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Brevard is 0.87% which is below the national average, which is 0.99%.

Median Home Price in Merritt Island, FL

Median Rent in Merritt Island, FL

Rent to own homes offer low monthly payments and flexible terms.

5 Reasons to Live in Sunny Merritt Island, FL

Island living! Merritt Island is a small island off the coast of Florida that's been turned into a peninsula via the Crawlerway installed by NASA. Enjoy making your home on a beautiful island-like setting while also enjoying the convenience of driving to Melbourne and Titusville. Surrounded by water on three sides, including the Atlantic Ocean and the Banana River Lagoon, Merritt Island offers beach living without the hassle. rent to own homes are also found here, with many single-family homes offering this option.

A great place to stay: While many people consider Merritt Island a vacation spot, it's also a great place to put down roots. Over the last 12 years, homes for sale in this city have increased in value by an average of over $40,000, making staying in the area a good bet for those who want to invest in real estate. A short average commute, as well as recreation spots such as Honeymoon Lake and the Savannahs Golf Course add to the benefits of living in Merritt Island.

Love the wildlife: Also located on Merritt Island is the Merritt Island National Wildlife Refuge, which is an important location for many species of animals that live in marshy and wetlands areas. Some of the refuge's residents include sea turtles, bald eagles and Florida panthers. Most people have full access to the wildlife refuge during the daylight hours, making the area a great place for wildlife lovers. For another side of wildlife, check out the nearby Black Point Wildlife Drive.

Close to cities: While Merritt Island itself may not be full of hustle and bustle, it is close to bigger cities. Nearby Titusville and Palm Bay both offer plenty of options for shopping and employment and the area is close to the vacation spot of Cocoa Beach, which is also a busy area. Enjoy the relative quiet of your beach life while still being close to all the amenities of the city.

Space coast: Live in the astronauts' footprints in Merritt Island, FL. Merritt Island is the site of NASA's John F. Kennedy Space Center and was the spot where many of the space shuttle launches took place until 2011. The Space Center is still an active space for visitors as the Visitor Complex offers tours; many come here to see the history of the US space program.