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City Report · SD

Vermillion

Pop. 11,878·10th most expensive in South Dakota·Rents have been falling, good time to negotiate
Median rent (all units)
$783/mo
Year-over-Year
Stable
Month-over-Month
-3.7%
vs US Median
-$1,182
Falling (Monthly)
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Most AffordableMost Expensive
Vermillion · $783
More affordable than 100% of US cities · National median $1,965/mo
Affordability
19% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $783/mo, rent takes about 19% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$31,000/yr
Local median income
$50,456/yr
Based on the 30%-of-income rule using Vermillion's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$620
1 BR
$690
2 BR
$910
3 BR
$1,280
4 BR+
$1,530
Research median
$910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$9,396/yr
At $783/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.7% MoM), not inventory.
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Demographics

Who lives here

Vermillion, SD is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 50.6% of residents hold a bachelor's degree or higher.

Population
11,878
Median income
$50,456
Median age
23.1
Renters
58%
Age distribution
14.9%
54.5%
14%
Under 1814.9%
18–3454.5%
35–5414%
55–647%
65+9.6%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
82.9%
White82.9%
Black2%
Hispanic3.6%
Asian3.8%
Other7.7%
Education (25+)
24.4%
16.7%
50.6%
No HS diploma8.3%
HS diploma24.4%
Some college16.7%
Bachelor's+50.6%
Housing tenure
42%
58%
Owner42%
Renter58%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Vermillion, SD has changed in 5 years

Income
$47,920 → $50,456
up 5.3%
Population
11,506 → 11,878
up 3.2%
Renter share
55.1% → 58%
+2.9 pts
Bachelor's+
50.7% → 50.6%
-0.1 pts

Census figures show median household income at $50,456 today, compared with $47,920 five years earlier. Census counts show Vermillion, SD adding about 372 residents over the five-year window, up 3.2% on net. The renter share has risen from 55.1% to 58%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Vermillion

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View Vermillion rent history (2015–2026) →
Salary vs rent

Can you afford rent in Vermillion on your salary?

At $783/mo, how Vermillion rent compares to typical pay (30% rule).

By apartment size

Vermillion rent by bedroom count

Median rent for each apartment size in Vermillion. Click any size for full breakdown.

Local insights

Tips for renters in Vermillion

About renting in Vermillion, SD

Last updated: June 22, 2026

The median rent in Vermillion is $783/mo as of June 2026. A studio apartment averages $620/mo while a 2-bedroom runs $910/mo. One-bedroom apartments average $690/mo and 3-bedroom units go for $1,280/mo.

At 19% of local median household income ($50,456/yr), Vermillion ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Vermillion an affordable city for renters?

Vermillion is considered very affordable for renters. At $783/mo, rent takes approximately 19% of the local median household income ($50,456/yr). The standard benchmark is 30%. Vermillion falls comfortably within that range.

How much income do you need to rent in Vermillion?

To keep rent at or below 30% of gross income, you would need to earn at least $31,000/year (~$15/hour full-time) to afford the median rent of $783/mo in Vermillion. The local median household income is $50,456/yr, meaning the typical Vermillion household meets that threshold.

Is rent going up or down in Vermillion?

Rent in Vermillion has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Vermillion rent compare to other cities in South Dakota?

Vermillion is one of the more affordable cities in South Dakota for rent, ranking #10 out of 10 tracked cities at $783/mo.

What percentage of Vermillion residents rent vs. own?

According to Census data, approximately 58% of Vermillion households are renters, while 42% are owner-occupied. With a majority renter population, Vermillion has a strong rental market.

How does Vermillion rent compare to the national average?

Vermillion's median rent of $783/mo is $1,182 (60%) below the US national median of $1,965/mo. Within South Dakota, it ranks #10 out of 10 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $783/mo, rent takes ~19% of Vermillion's median household income ($50,456/yr). The standard benchmark is 30%.

Vermillion 19%Benchmark 30%
State income taxNone
Run the Vermillion affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Vermillion, SD

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