Louisville, KY 2025 Q3 Multifamily Market Overview

Market Overview

‍The Louisville Metropolitan Statistical Area multifamily market held up in Q3 2025 with average asking rent at approximately $1,233 per unit and occupancy hovering around 91.1%. With 2,644 units currently under construction but new deliveries for the quarter remaining modest, the region’s demand-supply dynamics remain well-balanced. Despite solid fundamentals, sales volume of roughly $530 million highlights ongoing investor caution amid higher cap-rate expectations.

‍About The Kirkland Company

‍The Kirkland Company is a commercial real-estate investment sales firm active across the Midwest and Southeast. Their Louisville Q3 2025 multifamily market report provides metro-level data and analysis on rent trends, occupancy, supply pipelines and investment activity to support owners, developers and investors in timing and strategy. To read the full report, click here.