Cheap Apartments for Rent near Vermilion, IL from $399 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Vermilion.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Showing Results 1-32, Page 1 of 1

Vermilion, IL Local Guide

Cheapest Available Vermilion Apartments for Rent and Nearby

 

The cheapest available apartment rental in Vermilion, IL is a 2 Beds unit found at Sycamore Estates priced from $225. Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Vermilion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sycamore EstatesMobile Home Lot2BR,1BA$225
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Brook Haven ApartmentsStudioStudio,1BA$525
Sycamore Place3 Bedroom 1.5 Bathroom Townhouse Fall 20263BR,1BA$549
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Arthur Ave Apartments1x11BR,1BA$610
NorthwindThe Hickory1BR,1BA$650
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$750
Ashton Apartments1BR/1.5BA1BR,1BA$780

Best Value Apartments for Rent in Vermilion, IL and Nearby

As of August 25, 2026 the best value apartment in the Vermilion area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Vermilion apartment is the 4 Bed 2 bath Model at The Annex of Terre Haute starting at $399 with a $0.33 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Vermilion apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes on Main3x2-80%3BR,2BA$0.81
The Annex of Terre Haute4 Bed 2 bath4BR,2BA$0.33
The Millennium ApartmentsMillennium Apartments 2BR/2BA 26/27 Waiting List2BR,2BA$0.51
Melrose on 4thMelrose Apartments 2BR/2BA 26/27 Waiting List2BR,2BA$0.55
Harrison West3 Bedroom3BR,2BA$0.91
Arbors at Honey Creek2x22BR,2BA$0.57
Sycamore EstatesMobile Home Rental3BR,1BA$0.67
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.38
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Union Pointe1 Bedroom1BR,2BA$0.92

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Vermilion, IL Rentals by Map

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Frequently Asked Questions about Cheap Vermilion Apartments

How much is rent for a Cheap One Bedroom Vermilion Apartment?

The lowest price for a Cheap One Bedroom Vermilion Apartment is $525 at Anthony Square Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Vermilion Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Vermilion is starting from $225 at Sycamore Estates.

What is the most affordable Vermilion Three Bedroom Apartment?

The best deal on a cheap Vermilion Three Bedroom Apartment rental is at Sycamore Place and starts from $549.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.