Cincinnati Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Cushman & Wakefield
Quarterly multifamily market indicators for Cincinnati, aggregated by PropZone from Lee Associates, Cushman & Wakefield. As of Q1 2026, average asking rent was — with a 8.9% vacancy rate.
Projected current multifamily pricing — Cincinnati
low confidenceProjected asking rent
$2,332/unit/mo
Estimated sale value
$186,969–$233,712/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Lee Associates data (cap rate 7.4%, asking rent held flat). Assumes ~95% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 8.9% | 1K SF | — | Lee Associates |
| Q1 2026 | — | 25.2% | -1K SF | — | Cushman & Wakefield |
| Q4 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q2 2025 | $2332.00/SF | 4.9% | 10K SF | — | Lee Associates |
| Q3 2019 | $1339.87/SF | 7.8% | 2K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Cincinnati?
- PropZone aggregates multifamily asking-rent data for Cincinnati from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Cincinnati?
- The multifamily vacancy rate in Cincinnati was 8.9% as of Q1 2026 (Lee Associates).
- Where does PropZone's Cincinnati market data come from?
- This report aggregates quarterly multifamily market data for Cincinnati from Lee Associates, Cushman & Wakefield.
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