
Cheap Homes for Rent in Vermilion, IL from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Vermilion.


509 S 5th St

13 N 14th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

2333 N 14th St

1014 3rd Ave

1358 Chestnut St

610 S 5th St

2010 N 4th St

122 N 18th St
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

1800 N 6th 1/2 St

1400 Wabash Ave

432 2nd Ave

121 Gilbert 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 | $995 | $700 | $1,500 |
Vermilion 3 Bedroom Homes for Rent | $1,095 | $800 | $1,550 |
Vermilion 4 Bedroom Homes for Rent | $1,515 | $1,250 | $2,000 |
Vermilion 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Vermilion
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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. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. 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 |
Lakewood Apartments | Studio | Studio,1BA | $500 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
Brookhaven | Studio | Studio,1BA | $525 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Best Value Apartments for Rent in Vermilion, IL and Nearby
As of August 03, 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 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 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 |
Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
Park Place | 1639, 3 bed | 3BR,1BA | $1.15 |
Highland Terrace | 2 Bed 1 Bath Washer/Dryer Connection | 2BR,1BA | $1.19 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $0.88 |
Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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Frequently Asked Questions about Vermilion
What type of rentals are currently available in Vermilion?
There are currently 39 Apartments for Rent in Vermilion, IL with pricing that ranges from $351 to $2,518. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vermilion ranging from $550 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 $550 to $2,000 with an average monthly rent of $1,093.
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 $706 to $2,518, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $804.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.