Cheap Homes for Rent in Vermilion, IL from $500 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Vermilion.

property at 2333 N 14th St

2333 N 14th St

Terre HauteIN47804
property at 420 S 7th St

420 S 7th St

Terre HauteIN47807

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 517 N 14th St

517 N 14th St

Terre HauteIN47807
property at 1400 Wabash Ave

1400 Wabash Ave

Terre HauteIN47807

Vermilion, IL Local Guide

Cheapest Available Vermilion Apartments for Rent and Nearby

 

The cheapest available apartment rental in Vermilion, IL is a Studio unit found at Brookhaven priced from $525. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Vermilion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Historic Walnut SquareTwo Bedroom2BR,1BA$700
The DemingA1BR,1BA$709

Best Value Apartments for Rent in Vermilion, IL and Nearby

As of April 25, 2025 the best value apartment in the Vermilion area is the $1.12 price per square foot 3 Bed Townhome Model at The Flats of Terre Haute in the in the Downtown Terre Haute neighborhood starting from $1,850. The second greatest value Vermilion apartment is the 4x2 Model at Arbors at Honey Creek starting at $1,347 with a $0.93 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Vermilion apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Flats of Terre Haute3 Bed Townhome3BR,2.5BA$1.12
Arbors at Honey Creek4x24BR,2BA$0.93
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Royal Heights3 Person Occupancy3BR,1.5BA$1.11
Harrison West2 Bedroom2BR,1BA$0.93
Highland Terrace2 Bed 1 Bath2BR,1BA$1.13
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.85
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Vermilion

What type of rentals are currently available in Vermilion?

There are currently 37 Apartments for Rent in Vermilion, IL with pricing that ranges from $465 to $2,622. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vermilion ranging from $575 to $3,600.

What is the current price range for Rental Homes in Vermilion?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Vermilion ranges from $575 to $3,600 with an average monthly rent of $1,604.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.