Colorado Springs, CO Multifamily Market Report | MMG Real Estate Advisors | Q1 2026

Market Overview

Colorado Springs' multifamily market showed building demand momentum in Q1 2026, with quarterly absorption of 664 units nearly tripling Q4 2025's 233 units, and trailing 12-month absorption of 2,637 units outpacing completions for the fourth consecutive quarter. Average rent stood at $1,438, down 2.4% year-over-year, though a 1.7% quarter-over-quarter gain marked the first sequential increase after three quarters of softness, while occupancy held at 89.9%, down 90 basis points annually but improving roughly 40 basis points sequentially. The construction pipeline has contracted 18% over the past four quarters to just 2.4% of base inventory, with trailing 12-month completions down over 50% from the prior period, positioning the market for an early-cycle recovery that compares favorably to peers like Denver. 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 Colorado Springs 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.