Q3 2025 St. Louis Multifamily Report

Market Overview

‍The St. Louis metro multifamily sector is finding firmer footing in Q3 2025 as vacancy eased to 10.1 percent and average rent rose 3.0 percent year-over-year to about $1.49 per square foot (~$1,333 per unit). With just 1,134 units delivered so far this year and 1,931 still under construction, supply pressure has largely subsided. Absorption of 1,688 units year-to-date underscores resilient demand particularly across active submarkets like Ballwin and St. Charles County.

‍About Cushman & Wakefield

‍Cushman & Wakefield is a global commercial real-estate services firm specialising in research, brokerage, valuation and capital-markets support. Their Q3 2025 St. Louis multifamily MarketBeat report draws together metro-level data on occupancy, rent trends, deliveries, pipeline and demand to help owners, developers and investors understand positioning and timing. To read the full report, click here.