Getting your Trinity Audio player ready...

Naperville / Lisle Multifamily Market Q4 2025 Update | Strong Rents, Balanced Growth & Investor Optimism

The Naperville Lisle multifamily market Q4 2025 remains one of the most desirable suburban investment zones in DuPage County. This quarter reflects 5.6% vacancy, 3.4% rent growth, and sustained buyer confidence across institutional and private sectors.

---

Naperville / Lisle Multifamily Market Q4 2025 Overview

Key Metrics (Q4 2025)

• Vacancy Rate: 5.6%

• 12-Month Rent Growth: 3.4%

• Average Asking Rent: $1,947 / month ($2.14 / SF)

• Units Under Construction: 46

• 12-Month Absorption: 250 units

• 12-Month Deliveries: 323 units

The Naperville Lisle multifamily market Q4 2025 recorded steady improvement over last year, supported by low turnover and a limited construction pipeline. With over 12,000 total units, vacancy edged down slightly as renter demand outpaced completions.

---

Rent Growth and Vacancy | Naperville Lisle Multifamily Market Q4 2025

Vacancy: 5.6% (Metro 3.4%)
Rent Growth: 3.4% YoY
Average Asking Rent: $1,947 / month

Rents by Property Class:

• 4 & 5 Star: $2,132 / month (7.6% vacancy)

• 3 Star: $1,889 / month (5.0% vacancy)

• 1 & 2 Star: $1,635 / month (2.2% vacancy)

Key Highlights:

• Rent growth above the 10-year metro average (2.9%).

• Class B assets achieve near full occupancy.

• Submarket rents remain 3–5% below the Chicago average, supporting retention.

The Naperville Lisle multifamily market Q4 2025 benefits from high-income tenants and minimal supply pressure.

---

Cap Rates and Investment Activity | Naperville Lisle Multifamily Market Q4 2025

12-Month Sales Summary:

• Total Volume: $515 million

• Properties Sold: 12

• Avg. Price per Unit: $216,000

• Cap Rate Range: 5.8% – 6.2%

Recent Notable Sales:

• Fifteen98 Naperville – 640 units | $136M ($212,500 / unit)

• Fox Valley Villages – 420 units | $93.2M ($221,904 / unit)

• Hawthorn at Oakhurst – 320 units | $72.3M ($225,781 / unit)

Investor sentiment in the Naperville Lisle multifamily market Q4 2025 remains positive, with stable yields and institutional participation dominating sales activity.

---

Development Pipeline | Naperville Lisle Multifamily Market Q4 2025

Under Construction: 46 units

• Forest Meadows Apartments (25W462 75th St) – 38 units, completion 2026

• Western Avenue Apartments (4529 Western Ave) – 8 units, completion late 2025

Recent Deliveries:

• Lucca Fox Valley (3955 Fox Valley Center Dr) – 323 units (Delivered Q1 2025)

• Douglas Avenue Apartments (118 Douglas Ave) – 8 units (Delivered Q2 2024)

The Naperville Lisle multifamily market Q4 2025 is constrained by zoning and land costs. Construction totals less than 0.5% of existing stock, preventing oversupply and sustaining pricing leverage for owners.

---

2026 Outlook and Owner Strategy | Naperville Lisle Multifamily Market Q4 2025

Forecasts for 2026

• Rent Growth: +2.5% – +3.0%

• Vacancy: ≈5.0%

• Cap Rates: 5.8% – 6.0%

Strategic Takeaways

• Maintain occupancy through proactive renewals.

• Focus on light renovations to capture rent premiums.

• Expect stable NOI growth as suburban demand persists.

The Naperville Lisle multifamily market Q4 2025 is expected to remain a strong performer through 2026 due to limited new supply and durable renter demand.

---

Request the Full Naperville / Lisle Market Report

---

Discuss Your Property’s Value

Contact Randolph Taylor, CCIM, a licensed Chicago multifamily broker, to review your property’s value, cap rate range, and sale timing.

Schedule a Call

---

References

CoStar Market Analytics – Naperville / Lisle Multifamily Report
National Multifamily Housing Council (NMHC)
Chicago Multifamily Market Q4 2025 Update
Aurora Multifamily Market Q4 2025 Update
CoStar