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Apartments in Vermillion

1 - 7 of 7 Results
11
$1,340 - 1,548
Vermillion Madison Park
3.2
315 N Norbeck St Vermillion, SD
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
1
$684
Vermillion Madison Park II
411 N Norbeck St Vermillion, SD
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
49
3D Tour
$615 - 785
PER
ROOM
The Quarters Vermillion
1129 Cottage Ave Vermillion, SD
2 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Virtual Tour
0
$595 - 1,315
1000 N Dakota St
Vermillion, SD
1 - 4 BR | Available Now
Contact
Dishwasher
11
$ Ask - 930
Parkwood Apartments
4.0
1215 Madison St Vermillion, SD
1 - 2 BR | Ask for Availability
Contact
Income Restricted
Air Conditioning
Surface Parking
Storage
Disability Access
8
$ Ask - 900
Riverwood Apartments
1125 Madison St Vermillion, SD
1 - 2 BR | Ask for Availability
Contact
Income Restricted
Air Conditioning
Storage
Disability Access
1
$500
1029 Kim Ln
Vermillion, SD
3 BR | Available Now
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1 - 7 of 7 Results
  1. Home
  2. Vermillion

How much does it cost to rent an apartment in Vermillion?

Vermillion Apartments
Bed Type Average Rent Range
2BR $1,340 $720 - $1,340
3BR $680 $500 - $1,550
4+BR $600 $600 - $650
Frequently Asked Questions

How many apartments are available in Vermillion, SD on Rentable.co?

Rentable.co has over 245 apartments available in Vermillion.

What is the average rent for a two-bedroom apartment in Vermillion, SD?

The average rent for a two-bedroom apartment in Vermillion is around $1,340 per month.

How expensive is it to rent an apartment in Vermillion, SD?

For a two-bedroom apartment in Vermillion, the average rent price is $1,340 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Vermillion, SD?

Based on average rent prices in Vermillion, to afford a two-bedroom apartment you would need an annual household income of $54,000 to live comfortably.

Find a Vermillion Apartment

Vermillion is a very modestly sized town in the southeastern section of South Dakota. Its 10,000 residents enjoy a close proximity to the Missouri River. It is a unique little town, which feels to some extent like a true rural community, and in others like a cosmopolitan college town.

The University of South Dakota is what gives Vermillion its college town flavor. Well before South Dakota was even a state, the Dakota Territory opened this important university. Currently, more than 10,000 students enroll at USD annually, making the population of the university nearly greater than that of the town.

When to Search

Vermillion follows a rental pattern seen in college towns across the country. The best time to get out and start looking for your place is probably in May. This is typically when most students will give their notice after they've graduated and are moving on to other endeavors. You might also find some good options a little earlier, in April.

Staying in the Know

Vermillion landlords are pretty reasonable, and usually quite happy to have someone interested in one of their properties. However, don't take for granted that they will accept just anyone. You still need to come across as professional and put together a good application in order to get approved for an apartment here.

Life in Vermillion

Transportation

Public transportation is more or less non-existent in Vermillion. However, there is a late night shuttle that ferries students from downtown back to the University. The town is small enough though that you can bike or walk anywhere in town without losing too much time.

Where to play

The National Music Museum on the campus features more than 14,000 instruments in its collection. The best trails in the immediate area are located at Clay County Park, only 4 miles south of town. The downtown area in Vermillion is also a designated historic district, and is a wonderful place to simply walk and shop.

Search Cities Near Vermillion, SD

Elk Point, SD
Yankton, SD

Campuses Nearby

University of South Dakota

Vermillion:
July Rent Report

Welcome to the July 2026 Vermillion Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2026 key findings and figures for the Vermillion rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Vermillion and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Vermillion average rent prices in the chart below.

Monthly Rent Report

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Jul. 2026
1 BR       2 BR

Vermillion Rent Prices Decrease From June to July

Vermillion rent prices decreased over the last month. From June to July, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Vermillion one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from June to July, Vermillion experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Vermillion two-bedroom apartments currently stands at $.

July Prices: Vermillion vs. Surrounding Areas

Rent Prices in Vermillion and Surrounding Areas

Rent prices have decreased in Vermillion over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Vermillion suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Vermillion suburbs

  • Rents did not decrease in any of the Vermillion suburbs.

July 2026 Pricing Trends: Vermillion vs. National Comparisons

Vermillion Rent Prices More Affordable Than Major Cities

Rent growth in Vermillion over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Vermillion average rent prices appear to be relatively affordable for local residents.

The price for a Vermillion one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Vermillion and surrounding area rent prices, take a look at the complete data set below.

Data set for Vermillion and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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