Matrix Multifamily St Louis Report-May 2025

Market Overview

In early 2025, St. Louis’s multifamily market displayed modest rent growth, with advertised asking rents rising 0.2 percent on a trailing three-month basis through March to $1,285—exceeding the national average of 0.1 percent. Despite this, occupancy declined by 30 basis points year-over-year to 93.2 percent in February, as deliveries continued to rise amid an uneven job market.

About Yardi Matrix

Yardi Matrix is a leading commercial real estate data provider specializing in multifamily, office, industrial, and more. Its metro-level multifamily reports deliver granular insights on rent trends, occupancy, development pipeline, and investment metrics to support informed decision-making by investors, owners, and analysts.