Cheap Homes for Rent in Vermilion, IL from $600 (9 Rentals)

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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.

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.

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 Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. River Valley Apartments in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $460. Here is today’s list of the most affordable Vermilion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$460
Lakewood ApartmentsStudioStudio,1BA$500

Best Value Apartments for Rent in Vermilion, IL and Nearby

As of September 19, 2025 the best value apartment in the Vermilion area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Vermilion apartment is the Two Bedroom Apartment Model at Heritage Trail starting at $1,240 with a $1.19 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.
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Heritage TrailTwo Bedroom Apartment2BR,2BA$1.19
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$0.50
Royal HeightsRoyal Heights 2 Bed w/ Study & 1.5 Bath3BR,1.5BA$0.95
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.13
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Riverside Apartments2 Bedroom2BR,1BA$1.07
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

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

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Frequently Asked Questions about Vermilion

What type of rentals are currently available in Vermilion?

There are currently 42 Apartments for Rent in Vermilion, IL with pricing that ranges from $351 to $2,802. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vermilion ranging from $635 to $2,000.

What is the current price range for Rental Homes in Vermilion?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Vermilion ranges from $635 to $2,000 with an average monthly rent of $1,021.

How much are larger Three and Four Bedroom Rentals in Vermilion?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Vermilion range from $762 to $2,802, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $1,490. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,200.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.