Renter Resources
Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
•10 min read
Viewing 1-16 of 16 rentals in 57069
What to Know About
Life in Vermillion & Beyond
Vermillion shares many of the great qualities that make South Dakota a desirable place to live.
South Dakota combines natural wonders, rich history, and irresistible charm. Dive into the state's fascinating heritage through its cultural landmarks and historical sites, such as the captivating South Dakota Cultural Heritage Center and the legendary Museum of the American Bison, or opt to further your education at world-renowned institutions such as South Dakota State University and the University of South Dakota. South Dakota's economy thrives on agriculture, tourism, and manufacturing.
Sports lovers will be in paradise with various seasonal activities such as skiing, snowboarding, and snowmobiling in the winter and golfing, camping, fishing, and hiking in the summer. Also, discover iconic attractions like the world-famous Mount Rushmore National Memorial, the awe-inspiring Dinosaur Park, the rugged Badlands National Park, the enchanting Black Hills National Forest, and the historic city of Deadwood.
With its stunning natural beauty and robust economy, South Dakota is the ideal destination for those who seek outdoor recreation and an unparalleled western experience. So get ready to be enchanted by South Dakota's irresistible charm, pristine landscapes, and unbeatable quality of life. South Dakota is an excellent place for those who want to live their best lives.
Rental Market Trends
Vermillion, SD
As of August 2025, Vermillion's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Vermillion's average rent is 43.8% ($512) lower than the South Dakota average of $1,168 and 63.4% ($1,134) lower than the U.S. average of $1,790.
Average Rent
$656
Monthly ChangeMonth Over Month Change
0.9% ($6)
Yearly ChangeYear Over Year Change
0.2% ($1)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $454 | 2.7% ($12) | 0.7% ($3) |
| 2 Beds | $551 | 1.7% ($9) | 0.5% ($3) |
| 3 Beds | $688 | 0.6% ($4) | 2.5% ($17) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Vermillion Rental Market FAQs
Explore rental prices, market trends, and availability in Vermillion, SD.
The average rent in Vermillion, SD is $656 per month.
Apartments in Vermillion typically rent for between $600 and $894 per month, with an average of $656 per month.
In Vermillion, the average rent for a 1-bedroom apartment is $454 per month, for a 2-bedroom apartment, $551 per month, and a 3-bedroom apartment is $688 per month.
The average rent in Vermillion is 63.4% ($1,134) lower than the national average of $1,790 per month.
The average rent in Vermillion has increased by 0.9% ($6) in the last month and decreased by 0.2% ($1) over the past year.
The rental market in Vermillion, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Vermillion, SD, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 24 rental properties available in Vermillion, SD.
Based on the current averages, a household would need an annual income of $22,040 to comfortably afford a 2-bedroom apartment in Vermillion.
