
Cheap Homes for Rent in Vermilion, IL from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Vermilion.


6333 N 35th St

424 S 4th St

122 N 18th St
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.

1358 Chestnut St

4705 N Show St

2010 N 4th St

1820 N 6th 1/2 St
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.

432 2nd Ave
Vermilion, IL Local Guide

How much does it cost to rent a home in Vermilion?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Vermilion 2 Bedroom Homes for Rent | $885 | $635 | $1,150 |
Vermilion 3 Bedroom Homes for Rent | $1,093 | $875 | $1,490 |
Vermilion 4 Bedroom Homes for Rent | $1,381 | $895 | $2,000 |
Browse Top Homes for Rent in Vermilion
Explore Vermilion
Vermilion, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $460 |
Lakewood Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Heritage Trail | Two Bedroom Apartment | 2BR,2BA | $1.19 |
River Valley Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $0.50 |
Royal Heights | Royal Heights 2 Bed w/ Study & 1.5 Bath | 3BR,1.5BA | $0.95 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.13 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Vermilion, IL Rentals by Map
See the most popular apartments and homes in Vermilion, IL
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.