Kansas City Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Northmarq Multifamil, Colliers, CBRE
Quarterly multifamily market indicators for Kansas City, aggregated by PropZone from Cushman & Wakefield, Northmarq Multifamil, Colliers, CBRE. As of Q1 2026, average asking rent was — with a 7.0% vacancy rate.
Projected current multifamily pricing — Kansas City
low confidenceProjected asking rent
$1,353–$1,365/unit/mo
Estimated sale value
$141,171–$178,053/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 multiple brokerages data (cap rate 5.5%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 7.0% | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | 5K SF | Cushman & Wakefield |
| Q2 2025 | $1352.50/SF | — | — | — | Northmarq Multifamil |
| Q2 2025 | $1360.00/SF | 5.1% | — | — | Colliers |
| Q2 2025 | $1345.00/SF | 4.0% | 9K SF | — | Cushman & Wakefield |
| Q1 2025 | — | 6.9% | — | — | CBRE |
| Q3 2017 | — | 12.4% | 0K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Kansas City?
- PropZone aggregates multifamily asking-rent data for Kansas City from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Kansas City?
- The multifamily vacancy rate in Kansas City was 7.0% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Kansas City market data come from?
- This report aggregates quarterly multifamily market data for Kansas City from Cushman & Wakefield, Northmarq Multifamil, Colliers, CBRE.
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