Columbus, OH Multifamily Market Report | MMG Real Estate Advisors | Q1 2026

Market Overview

Columbus's multifamily market showed signs of stabilizing in Q1 2026, with trailing 12-month deliveries of 7,667 units outpacing absorption of 4,796 units, sustaining lease-up competition even as continuing positive absorption and a decelerating pace of occupancy decline point to stabilization rather than deterioration. Average rent stood at $1,358, with occupancy at 91.9%, down 140 basis points annually, while a 1.6% sequential rebound and 0.2% annual gain marked the first positive quarter-over-quarter reading in three periods, with nine of 13 submarkets posting positive year-over-year rent growth. The under-construction pipeline of 11,051 units (4.8% of inventory) has contracted 19% over four quarters, pointing toward moderating deliveries as the market sits in mid-cycle. NOTE: The full report requires submitting contact information through a download form; the description above reflects publicly visible market snapshot data only.

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About MMG Real Estate Advisors

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MMG Real Estate Advisors is a multifamily investment sales and research firm tracking apartment market fundamentals across the Southeast, Midwest, and beyond. Their Q1 2026 Columbus multifamily market snapshot tracks rent, occupancy, absorption, and supply trends to help owners and investors assess market timing. To read the full report, click here.