Vermillion, South Dakota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Vermillion, South Dakota rental market.
Vermillion, South Dakota
Average Apartment Rent
$1,474
Y-o-Y Change in Average
Apartment Rent
1.6%
As of March 2026
Compared to a year ago, Vermillion, South Dakota apartments have recorded a 1.6% rent increase.
Vermillion, South Dakota Average apartment rent trend
Vermillion, South Dakota Average Apartment Rent
Vermillion, South Dakota Apartment rent ranges
At 45.93%, apartments priced $1,500 - $2,000 represent the bulk of Vermillion, South Dakota rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.33%.
Vermillion, South Dakota Housing tenure**
Renters take up 59% of Vermillion, South Dakota real estate, occupying a total of 2,384 units, while homeowners live in 1,654 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$27,485
Average household size of renter-occupied housing units**
2.07
Rental vacancy rate**
8.3%
Vermillion, South Dakota Renter-occupied housing units by no. of bedrooms**
There are 1,083 rentals in Vermillion, South Dakota with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 83 units. Overall, the median number of rooms in Vermillion, South Dakota homes for rent is 3.8.
Vermillion, South Dakota Renter-occupied units by age of householder**
Most condos for rent in Vermillion, South Dakota are occupied by residents in the 15 - 24 years age group (43%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Vermillion, South Dakota Renter-occupied housing units by family type**
Vermillion, South Dakota Renter-occupied housing units by the presence of own children**
A total of 603 apartments for rent in Vermillion, South Dakota, or 25% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 354 units. All in all, the median size of a renter-occupied household in Vermillion, South Dakota is 2.07.
Vermillion, South Dakota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Vermillion, South Dakota.
Vermillion, South Dakota Renter-occupied units by year structure built**
The highest share of Vermillion, South Dakota apartment rentals, namely 22% or 528 units, were Built 2010 - 2019, followed by those Built 1939 or earlier (20%, 473 units), and the ones Built 1980 - 1989 (14%, 341 units).
Vermillion, South Dakota Renter-occupied units by year householder moved in**
Vermillion, South Dakota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Vermillion, South Dakota renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 17% have No vehicle available.
Vermillion, South Dakota Means of transportation to work of householders living in renter-occupied housing units**
Vermillion, South Dakota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Vermillion, South Dakota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
