Vermillion, SD Rental Market Trends
Last updated: April 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Vermillion is $1,466, a 0.48% increase compared to the previous year, when the average rent was $1,460.
One-bedroom apartments provide 433 square feet for $697, balancing privacy and affordability.
Two-beedroom units at $1,153 offer 899 square feet, perfect for roommates or small families.
Average rent in Vermillion, SD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,466 | 901 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $697 | 433 sq. ft. |
| 2 Beds | $1,153 | 899 sq. ft. |
| 3 Beds | n/a | n/a |
Vermillion, SD rent trends
Rental prices in Vermillion, SD have increased by 0.48% over the past year. The average rent moved from $1,460 to $1,466.
What's the typical rent budget in Vermillion, SD?
The largest share of rentals in Vermillion, SD (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Vermillion, SD?
2,500 or 58% of the households in Vermillion, SD are renter-occupied while 1,812 or 42% are owner-occupied.
How Vermillion Compares to Other Cities
| City | Average Rent |
|---|---|
| Vermillion | $1,466 |
| Sioux Falls | $1,155 |
| Black Hills | $1,356 |
| Rapid City | $1,314 |
| Mitchell | $1,125 |
| Harrisburg | $1,306 |
| Brookings | $1,223 |
| Tea | $1,068 |
| Aberdeen | $1,099 |
| Watertown | $1,062 |
| Box Elder | $1,470 |
| Yankton, SD | $1,251 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Vermillion apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.