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Vermillion, SD Homes for Rent

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  • /35

    Starting at $979 Per Month

    • Studio - 2 Beds

    1523 Roosevelt St, Vermillion, SD 57069

    Welcome to Solara, luxury apartments in Vermillion, SD. Ideally located just minutes from downtown and the University of South Dakota, Solara offers refined living in a setting that feels both connected and serene. All units, from studios to two-bedroom apartments, feature granite countertops, spacious interiors, and modern appliances. Every detail is crafted to blend upscale comfort with

    Solara

    1523 Roosevelt St, Vermillion, SD 57069
  • /18

    Starting at $950 Per Month

    • 2 Beds

    711 N Plum St, Vermillion, SD 57069

    Discover Modern Comfort Just Steps from Campus at Plum Villa Apartments! The Demand for Apartments has never been higher, call TODAY!Located at 711 N Plum St in Vermillion, Plum Villa offers beautiful, newer 2-bedroom apartments perfect for University of South Dakota students and professionals. Just across the street from the North Complex and less than one block from campus, you’ll enjoy

    PLUM VILLA

    711 N Plum St, Vermillion, SD 57069
  • /20

    Starting at $690 Per Month

    • 1 - 2 Beds

    400 Carr St, Vermillion, SD 57069

    Groomed park like setting near the University of South Dakota Campus, supermarkets, and other retail outlets. We are an Equal Housing Opportunity apartment complex.All ground level apartments, no stairs! Apartment community is a mix of USD students, graduate students, professionals and retired. Each apartment has its own front entrance and back entrance with assigned tenant parking in front.

    Saracen Courts

    400 Carr St, Vermillion, SD 57069
  • /2

    $1,350 Per Month

    • Studio
    • 2 Baths
    • 2,160 Sq Ft
    • House for Rent

    110 E Main St, Vermillion, SD 57069

    Property Id: 2764966 Approximately 2,160 square feet of commercial space available at 110 E Main Street in downtown Vermillion. This is an opportunity for a business owner who wants to customize a space to fit their needs. The property is being offered in its current condition and is not currently a turnkey space, but the owner is open to working with the right tenant on reasonable

    110 E Main St, Vermillion, SD 57069
  • /19

    $850 - $1,050

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • Condo for Rent

    412 E Cedar St, Vermillion, SD 57069

    Has one shared bathroom for tenant and guests; also one private bathroom adjoining bedroom

    412 E Cedar St, Vermillion, SD 57069
  • /19

    $850 - $1,050

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • Condo for Rent

    412 E Cedar St, Vermillion, SD 57069

    Has one shared bathroom for tenant and guests; also one private bathroom adjoining bedroom

    412 E Cedar St, Vermillion, SD 57069
  • /10

    $1,700 Per Month

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • House for Rent

    408 S Yale St, Vermillion, SD 57069

    Available Aug 1, 2026, this 3 bed, 2 bath cute cottage is located close to Prentis Park and the University of South Dakota. Hardwood floors in the two upstairs bedrooms, stainless steel appliances and tile backsplash in the kitchen. Cute 3 bed, 2 bath home in historic neighborhood. Home was remodeled in 2022 with new kitchen, new bath, new carpet and new paint. Central air. Two-car parking

    408 S Yale St, Vermillion, SD 57069
  • /2

    $925 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    218 Center St, Vermillion, SD 57069

    218 Center St, Vermillion, SD 57069

Why Live in Vermillion

Vermillion, South Dakota, is a lively college town known for its walkable and bikeable environment, with a variety of shops, restaurants, and museums easily accessible from residential areas. The University of South Dakota, with nearly 10,000 students, significantly influences the town's dynamic atmosphere. Local employment opportunities at Sanford Health and Polaris Industries attract both graduates and new residents. Vermillion offers an outdoor lifestyle with amenities such as The Bluffs, an 18-hole golf course, and around 90 acres of parkland, including Prentis Park with its renovated pool and water slide. The National Music Museum on the USD campus is a cultural highlight, featuring an extensive collection of instruments and live music events. Housing options in Vermillion range from apartments and historic homes near the USD campus to new constructions in areas like Bliss Pointe and Jack Powell Addition. The town's Main Street, recently renovated, hosts a variety of local businesses, dining options, and entertainment venues, with events like Thursdays on the Platz showcasing local music and cuisine. Vermillion's crime rates are below state and national averages, contributing to its appeal. The town is well-connected with public transportation, including bus routes to Sioux Falls and Sioux City, and is about 45 miles from Sioux Gateway Airport.

Frequently Asked Questions

How much does it cost to rent a home in Vermillion, SD?
The median rent for a home in Vermillion, SD is $1,200 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes 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 $48,000 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 $1,200 per month in Vermillion, SD, renters typically need to show $3,600 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 18.4, 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.

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$1,200
Median Single Family Home Rent
$1,500
Median Condo Rent
$950
How to Rent a Home