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North DuPage County Multifamily Market Q4 2025 | Stable Rents, Tight Vacancy & Limited Supply
The North DuPage County multifamily market Q4 2025 remains stable with 5.2% vacancy, 2.7% annual rent growth, and minimal new development. Owners and investors continue to benefit from balanced fundamentals and consistent renter demand supported by nearby employment centers and suburban amenities.
North DuPage County Multifamily Market Q4 2025 Overview
Key Metrics (Q4 2025)
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Vacancy Rate: 5.2%
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12-Month Rent Growth: 2.7%
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Average Asking Rent: $1,812/month ($1.96/SF)
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Units Under Construction: 138
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12-Month Absorption: 168 units
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12-Month Deliveries: 120 units
The North DuPage County multifamily market Q4 2025 shows a 40-basis-point improvement in vacancy from last year. Submarkets such as Lombard, Glendale Heights, and Addison continue to perform well as renters seek affordability compared to Naperville and Downers Grove.
Rent Growth and Vacancy | North DuPage County Multifamily Market Q4 2025
Vacancy: 5.2% (Metro: 3.4%)
Annual Rent Growth: 2.7%
Average Asking Rent: $1,812/month
By Property Class
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4 & 5 Star: $2,035/month
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3 Star: $1,790/month
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1 & 2 Star: $1,450/month
Key Highlights
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Class B assets maintain the lowest vacancy levels and strongest leasing activity.
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Rent growth remains moderate but steady, aligning with the submarket’s long-term average.
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Proximity to major job corridors supports ongoing absorption and stability.
The North DuPage County multifamily market Q4 2025 continues to attract renters seeking quality housing below central DuPage pricing while maintaining strong access to I-355 and I-290 employment centers.
Cap Rates and Investment Trends | North DuPage County Multifamily Market Q4 2025
12-Month Investment Summary
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Total Sales Volume: $84 million
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Total Units Sold: 480
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Average Price/Unit: $175,000
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Market Cap Rate: 6.3%
Recent Transactions
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Windsor Place Apartments (192 units, Addison) – Sold for $35M ($182,292/unit)
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Village Green Lombard (140 units) – Sold for $24.3M ($173,571/unit)
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Glen Haven Apartments (84 units) – Sold for $13.6M ($161,904/unit)
Investor activity in the North DuPage County multifamily market Q4 2025 remains steady as buyers prioritize stabilized assets and dependable returns.
Development Pipeline | North DuPage County Multifamily Market Q4 2025
Under Construction: 138 units
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Addison Grove Residences (Addison Rd) – 84 units, delivering mid-2026
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Glen Oaks Apartments Expansion (Lombard) – 54 units, completing early 2026
Recent Deliveries:
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York Center Flats – 92 units (Delivered Q3 2024)
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Highland Station Lofts – 28 units (Delivered Q2 2024)
The North DuPage County multifamily market Q4 2025 maintains one of the smallest pipelines in DuPage County. New projects represent less than 1% of existing inventory, limiting supply risk and supporting rent stability through 2026.
2026 Outlook and Owner Strategy | North DuPage County 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: 6.2% – 6.5%
Strategic Takeaways
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Maintain occupancy above 95% through proactive renewals.
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Target light value-add repositioning for rent gains.
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Monitor pricing on small- to mid-cap trades as lending conditions ease.
Long-term fundamentals in the North DuPage County multifamily market Q4 2025 remain strong heading into 2026. Employment hubs in Lombard, Addison, and Glen Ellyn continue to attract renters priced out of downtown Chicago. Moderate rent growth and stable occupancy make this one of the most recession-resistant submarkets in the metro area.
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References
CoStar Market Analytics – North DuPage County Multifamily Report
National Multifamily Housing Council (NMHC)
Chicago Multifamily Market Q4 2025 Update
Naperville Lisle Multifamily Market Q4 2025 Update
Aurora Multifamily Market Q4 2025 Update
CoStar