Chicago Multifamily Market Report – September 2025

Market Overview

‍The multifamily market in the Chicago metro remains a standout in Q3 2025 with average rents climbing around 4 percent year-over-year to roughly $1,369 per unit and stabilized vacancy sitting in the low-6 percent range. New supply has been modest compared to prior years and investors are re-entering the market, drawn by the region’s strong employment base and relative affordability among major metros.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven research and analytics firm specialising in multifamily housing markets. Their Chicago multifamily market report brings together rent trends, occupancy metrics, supply dynamics and investment-activity insights to help owners, developers and investors assess timing, risk and strategic positioning. To read the full report, click here.