Vermillion, SD Condos for Rent

/37
$850 Per Month
- 2 Beds
- 1 Bath
- 800 Sq Ft
- Condo for Rent
119 Elm St, Vermillion, SD 57069

Amenities- 24 HR Emergency Maintenance Service- Garbage Paid by Owner- Off-Street Parking- Refrigerator- Security Lights- One Block From Campus- Stove/Oven Located on block from the University of South Dakota campus. This is a house split into three separate apartments. Lawn & snow is taken care of by the owner.

119 Elm St, Vermillion, SD 57069
Explore Vermillion
/15
$800 Per Month
- 1 Bed
- 1 Bath
- 700 Sq Ft
- Condo for Rent
412 Cottage Ave, Vermillion, SD 57069

Amenities- 24 HR Emergency Maintenance Service- Garbage Paid by Owner- Lawn/Snow Care Provided by Owner- Off-Street Parking- Pet Friendly (Add $50 Pet Rent Per Pet)- Refrigerator- Stove/Oven- Three Blocks from Campus- Washer & Dryer in the Apartment Located three blocks from the University of South Dakota!

412 Cottage Ave, Vermillion, SD 57069
/10
$625 Per Month
- 1 Bed
- 1 Bath
- 600 Sq Ft
- Condo for Rent
925 Madison St, Vermillion, SD 57069

Amenities- 24 HR Emergency Maintenance Service- Electric Paid by Owner- Garbage Paid by Owner- Heat Paid by Owner- Laundry Facilities- Lawn/Snow Care Provided by Owner- Three Blocks from Campus- Off-Street Parking- Refrigerator- Security Lights- Stove/Oven Located a three blocks from the University of South Dakota campus in Vermillion, SD.

925 Madison St, Vermillion, SD 57069

South Dakota Clay County Vermillion

Frequently Asked Questions

How much does it cost to rent a condo in Vermillion, SD?

The median rent for a condo in Vermillion, SD is $825 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.

How much do you need to make to afford rent in Vermillion, SD?

To comfortably afford the median rent in Vermillion, SD, a household needs to earn roughly $32,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $800 per month in Vermillion, SD, renters typically need to show $2,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Vermillion, SD?

In Vermillion, SD, the price-to-rent ratio is 27.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Vermillion, SD

There are currently 3 condos available for rent in Vermillion, SD. The median rent is $825 per month, with 1-bedroom condos renting at $800 and 2-bedroom condos at $850.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $825
Median 1 Bedroom Condo Rent $800	Median 2 Bedroom Condo Rent $850

How to Rent a Home

Rentals in Vermillion

Vermillion Apartments for Rent

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