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Studio Apartment for Rent in Vermillion, SD

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    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

    (605) 220-5151

    1523 Roosevelt 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 $800 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 27.0, 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 Trends in Vermillion, SD

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$800
Median Single Family Home Rent
$625
Median Condo Rent
$825
How to Rent a Home