St. Louis, MO Multifamily Market Report | Colliers | Q1 2026

Market Overview

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St. Louis continued to show steady improvement in Q1 2026, with effective rents rising from $1,330 in Q4 2024 to $1,398, reflecting disciplined supply and consistent resident demand. Absorption exceeded new deliveries for the sixth consecutive quarter, supporting rent growth and gradually improving occupancy across the metro. Suburban occupancy remained stabilized while the urban core and Central West End showed mixed vacancy trends, and construction varied by submarket with pockets of near-term supply pressure offset by areas where demand continued to outpace new units underway.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 St. Louis multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.