MARKET SNAPSHOT Cincinnati q3 2025

Market Overview

‍The metro Cincinnati multifamily market remains steady heading into Q3 2025 with average rent at approximately $1,321 and occupancy standing at 94.0 percent. Year-to-date net absorption of roughly 1,963 units is above long-term norms while completions track near 2,375 units, keeping fundamentals balanced. Year-over-year rent growth is 1.8 percent and occupancy is down slightly by 30 basis points — a modest shift amid elevated deliveries. With around 4,600 units under construction but new starts expected to taper, the market is positioned for stability and moderate rent growth into 2026.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based multifamily research and advisory firm focused on metro-level rental housing markets. Their Q3 2025 Cincinnati market report compiles data on rent trends, occupancy, absorption, completions and pipeline activity to help owners, developers and investors evaluate timing, risk and strategic positioning. To read the full report, click here.