Market Reports

Chicago multifamily market Q3 2026 apartment buildings and skyline

Chicago Multifamily Market Q3 2026: Strong Rents & Rising Sales

The Chicago multifamily market in Q3 2026 continues to outperform many major U.S. apartment markets. Vacancy remains below 5%. Rent growth is more than twice the national average. New construction remains constrained. At the same time, multifamily sales volume has increased as private capital returns to the market. For Chicago-area apartment owners, those trends are constructive—but they do not...