Rentometer, Inc. | Data as of 10/24/2025
Vermillion’s rental market blends the charm of a small Midwestern city with the energy of a university hub. The presence of the University of South Dakota brings a steady flow of students, faculty, and professionals seeking convenient housing near campus, downtown amenities, and the scenic Missouri River. Renters can choose from a mix of single‑family houses and modern apartment communities, many of which are positioned within walkable neighborhoods like the historic River Point district and the vibrant South Campus area.
Apartment living dominates the market, with one‑bedroom units typically falling in the low $700s and two‑bedroom units commonly found in the $900 range. These options cater to a spectrum of lifestyles, from compact studios ideal for students to spacious two‑bedrooms suited for small families or shared living arrangements. For those preferring the privacy of a house, the limited single‑family rentals offer a more traditional home environment while still enjoying close proximity to the city’s cultural attractions.
Beyond housing, Vermillion boasts a lively downtown corridor lined with boutique shops, local eateries, and arts venues, while nearby parks and riverfront trails provide ample outdoor recreation. The city’s blend of academic influence, community-oriented neighborhoods, and accessible amenities makes it an appealing destination for renters seeking both convenience and a welcoming small‑town atmosphere.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $733 | $730 | $650 - $825 | $700 - $825 |
| Apartment | 2 Bedroom | $919 | $900 | $800 - $1,081 | $895 - $920 |
In the current period, the average rent in Vermillion was
$734 for 1 Bedroom, and
$919 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.