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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.
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Naperville / Lisle Multifamily Market Q4 2025 Overview
Key Metrics (Q4 2025)
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Vacancy Rate: 5.6%
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12-Month Rent Growth: 3.4%
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Average Asking Rent: $1,947 / month ($2.14 / SF)
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Units Under Construction: 46
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12-Month Absorption: 250 units
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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:
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4 & 5 Star: $2,132 / month (7.6% vacancy)
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3 Star: $1,889 / month (5.0% vacancy)
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1 & 2 Star: $1,635 / month (2.2% vacancy)
Key Highlights:
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Rent growth above the 10-year metro average (2.9%).
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Class B assets achieve near full occupancy.
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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:
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Total Volume: $515 million
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Properties Sold: 12
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Avg. Price per Unit: $216,000
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Cap Rate Range: 5.8% – 6.2%
Recent Notable Sales:
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Fifteen98 Naperville – 640 units | $136M ($212,500 / unit)
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Fox Valley Villages – 420 units | $93.2M ($221,904 / unit)
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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
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Forest Meadows Apartments (25W462 75th St) – 38 units, completion 2026
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Western Avenue Apartments (4529 Western Ave) – 8 units, completion late 2025
Recent Deliveries:
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Lucca Fox Valley (3955 Fox Valley Center Dr) – 323 units (Delivered Q1 2025)
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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
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Rent Growth: +2.5% – +3.0%
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Vacancy: ≈5.0%
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Cap Rates: 5.8% – 6.0%
Strategic Takeaways
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Maintain occupancy through proactive renewals.
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Focus on light renovations to capture rent premiums.
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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
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Contact Randolph Taylor, CCIM, a licensed Chicago multifamily broker, to review your property’s value, cap rate range, and sale timing.
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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