
Cheap Apartments for Rent in Vermillion, SD from $300 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in Vermillion.


Saracen Courts

Total Monthly Price
22 W Bloomingdale St, Unit Basement Apt 22 W Bloomin

412 Cottage Ave

119 Elm St

PLUM VILLA

Solara

Vermillion Madison Park

Applewood Apartments

1011 Lincoln Street
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.

Oakwood Apartments & Townhomes

Town Square ll

Town Square Apartments

415 E Clark St

Dakota Bend I & II

Valley Park Apartments

Interstate Apartments

Westbrook Estates I

Chambers

The Links
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.

Copper Flats

River Valley Apartments

Prairie Dunes

Five Sons Apartments

Fox Run Townhomes

Clifton Estates

Indian Hills

Glen Oaks by Broadmoor

Wellington at the Dunes

Country Club Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Bluestem Reserve Apartments

Pearl Street

Ridge Oaks

Urbane 1220

The Arbors

Barrington Park by Broadmoor

Bluebird Flats

Floyd River Flats

Virginia Square Apartments (100-103)

Gurney Flats
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.

Total Monthly Price
RiverPointe Apartments

Badgerow Flats

Benson Lofts

McCook Apartments

Dakota Prairie Apartments

Lakewood Apartments and Townhomes

Woodbury Heights

2200 N Main Ave

Dakota 303

521 S Menlo Ave
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.
Vermillion, SD Local Guide

How much does it cost to rent an apartment in Vermillion?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Vermillion Studio Apartments | $970 | $725 | $1,250 |
| Vermillion 1 Bedroom Apartments | $1,136 | $625 | $1,735 |
| Vermillion 2 Bedroom Apartments | $1,386 | $815 | $2,155 |
| Vermillion 3 Bedroom Apartments | $1,696 | $1,295 | $3,367 |
Browse Top Apartments in Vermillion
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Vermillion, SD Local Guide
- Nearby Cities
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Cheapest Available Vermillion Apartments for Rent and Nearby
 The cheapest available apartment rental in Vermillion, SD is a 2 Beds unit found at Vermillion Madison Park priced from $378. Saracen Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Vermillion apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vermillion Madison Park | 2BR | 2BR,1BA | $378 |
| Saracen Courts | Unit 404 | 1BR,1BA | $690 |
| 1011 Lincoln Street | 2/1 | 2BR,1BA | $800 |
| The Links | Studio | Studio,1BA | $850 |
| Five Sons Apartments | 1 Bed | 1BR,1BA | $900 |
| Glen Oaks by Broadmoor | Dunes | 1BR,1BA | $930 |
| Wellington at the Dunes | Open living space + spacious master with vaulte... | 1BR,1BA | $950 |
| PLUM VILLA | Unit B | 2BR,1BA | $950 |
| Country Club Apartments | 1 Bed, 1 Bath | 1BR,1BA | $955 |
| Indian Hills | Birch | 1BR,1BA | $975 |
Best Value Apartments for Rent in Vermillion, SD and Nearby
As of June 11, 2026 the best value apartment in the Vermillion area is the $0.34 price per square foot 2BR Model at Vermillion Madison Park in the starting from $378. The second greatest value Vermillion apartment is the Two Bedroom, Two Bath Model at Dakota Prairie Apartments starting at $1,250 with a $1.15 price per square foot . Here is today’s list of the best values for Vermillion apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Vermillion Madison Park | 2BR | 2BR,1.5BA | $0.34 |
| Dakota Prairie Apartments | Two Bedroom, Two Bath | 2BR,2BA | $1.15 |
| Westbrook Estates I | 2 Bed 1 Bath | 2BR,1BA | $1.15 |
| Woodbury Heights | Two Bedroom | 2BR,1BA | $1.23 |
| Floyd River Flats | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.24 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| Country Club Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.27 |
| The Arbors | Sapling | 1BR,1BA | $1.33 |
| Wellington at the Dunes | Open living space + spacious master with vaulte... | 1BR,1BA | $1.31 |
| 1011 Lincoln Street | 2/1 | 2BR,1BA | $1.14 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Vermillion, SD
Vermillion High School - 01
Vermillion Middle School - 02
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Vermillion, SD Rentals by Map
See the most popular apartments and homes in Vermillion, SD
Frequently Asked Questions about Cheap Vermillion Apartments
How much is rent for a Cheap One Bedroom Vermillion Apartment?
The lowest price for a Cheap One Bedroom Vermillion Apartment is $690 at Saracen Courts.
What is the lowest price for a Cheap Two Bedroom Vermillion Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Vermillion is starting from $378 at Vermillion Madison Park.
What is the most affordable Vermillion Three Bedroom Apartment?
The best deal on a cheap Vermillion Three Bedroom Apartment rental is at Gatewood Estates and starts from $1,239.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.