|
Getting your Trinity Audio player ready...
|
Aurora Multifamily Market Q4 2025 Update | Strong Rents, Low Vacancy & Broker Outlook
The Aurora multifamily market Q4 2025 continues to perform as one of the most stable western-Chicago submarkets. Low vacancy, steady rent growth, and durable investor demand keep fundamentals strong. Aurora remains a core suburban market known for affordability, consistent absorption, and resilient income performance.
Aurora Multifamily Market Q4 2025 Overview
Key Metrics (Q4 2025)
-
Vacancy Rate: 3.1 %
-
12-Month Rent Growth: 1.9 %
-
Average Asking Rent: $1,398 / month ($1.74 / SF)
-
Units Under Construction: 246
-
12-Month Absorption: 120 units
-
12-Month Deliveries: 100 units
According to CoStar Analytics, the Aurora multifamily market Q4 2025 shows a 50-basis-point decline in vacancy year-over-year. The current 3.1 % rate beats its 10-year average of 4.3 %. Roughly 5,000 total units remain well-occupied with healthy rent growth. Demand remains ahead of new supply, keeping owners in a favorable pricing position.
Rent Growth and Vacancy | Aurora Multifamily Market Q4 2025
Vacancy Trend: 3.1 % (5-Year Average 3.0 %)
Annual Rent Growth: 1.9 % (Metro Average 3.4 %)
Average Effective Rent: $1,398 / month
By Asset Class
-
4 & 5 Star Assets – $1,677 / month
-
3 Star Assets – $1,626 / month
-
1 & 2 Star Assets – $1,117 / month
Key Insights
-
Class B and C communities remain near full occupancy due to affordability.
-
Aurora rents average ≈ $480 below metro Chicago levels ($1,880).
-
Concessions are rare, showing sustained landlord pricing power.
The Aurora multifamily market Q4 2025 benefits from strong local employment and renter migration from higher-cost DuPage County cities, ensuring occupancy stability through 2026.
Investment Performance and Cap Rates | Aurora Multifamily Market Q4 2025
12-Month Investment Snapshot
-
Properties Sold: 2
-
Total Units Traded: 205
-
Sales Volume: $37.4 million
-
Avg Price per Unit: $160,000 (vs. metro $220,000)
-
Market Cap Rate: 6.6 % (vs. metro 6.7 %)
Notable Transactions
-
Covey at Fox Valley (216 units) – Sold for $42.5 M ($196,759 / unit)
-
Westmore Apartments (34 units) – Sold for $3.7 M ($108,088 / unit)
Investor Outlook
The Aurora multifamily market Q4 2025 continues to attract institutional and private capital pursuing reliable yield. Buyers value its steady rent roll, low turnover, and insulation from metro volatility.
Development Pipeline | Aurora Multifamily Market Q4 2025
Under Construction: 246 units
-
East Bank Apartments (100 N Broadway) – five stories, delivering mid-2026
Recent Deliveries
-
Redwood Aurora – 139 units (Delivered Q4 2024)
-
Fox Valley Lincoln Building – 14 units (Delivered Q2 2024)
The Aurora multifamily market Q4 2025 adds supply below its long-term average of 75 units per year. Even with new inventory, vacancy should stay under 3.5 %. High construction costs and limited land availability help preserve market equilibrium.
2026 Outlook and Owner Strategy | Aurora Multifamily Market Q4 2025
Forecast Highlights (2026)
-
Rent Growth: +2.0 % to +2.5 %
-
Vacancy: ≈ 3 %
-
Cap Rates: 6.5 % – 6.7 %
Owner Strategies
-
Prioritize light value-add updates to capture incremental rent gains.
-
Maintain occupancy ≥ 95 % to protect NOI.
-
Expect modest cap-rate compression as interest rates stabilize.
The Aurora multifamily market Q4 2025 will remain a preferred target for suburban investors seeking dependable rent income and long-term appreciation potential.
Request the Full Aurora 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
