Market Snapshot |Chicago Q2 2025

Market Overview

In Q2 2025, Chicago’s multifamily market posted an average rent of $1,878 and an occupancy rate of 95.8 percent. Net absorption outpaced new supply, with 5,282 units absorbed through H1 versus 3,372 completed, driving one of the strongest rent growth rates in the nation at 4.0 percent annually. The year-over-year occupancy rate also climbed 40 basis points, showing that demand continues to significantly exceed supply.

About MMG

MMG Real Estate Advisors specializes in multifamily market intelligence by leveraging cross-market capital strategies and data-driven research. The firm brings broad geographic reach and local expertise together to produce proactive market insights that help investors, owners, and developers gauge performance and opportunity.