Cincinnati Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Marcus & Millichap, Lee & Associates, Cushman & Wakefield
Quarterly multifamily market indicators for Cincinnati, aggregated by CREhunt from Marcus & Millichap, Lee & Associates, Cushman & Wakefield. As of Q1 2026, average asking rent was $1,925.00/unit/mo, per Marcus & Millichap.
Projected current multifamily pricing — Cincinnati
Projected asking rent
$1,365–$1,391/unit/mo
Estimated sale value
$104,859–$133,523/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 Q1 2026 Lee & Associates data (cap rate 7.4%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Marcus & Millichap | $1,925.00/unit/mo | — | — | — | Marcus & Millichap |
| Q1 2026 Lee & Associates | $1,365.00/unit/mo | 8.9% | — | — | Lee & Associates |
| Q4 2025 Cushman & Wakefield | $1,400.00/unit/mo | 8.1% | 4 SF | -275 SF | Cushman & Wakefield |
| Q4 2025 Lee & Associates | $1,339.87/unit/mo | 7.8% | — | — | Lee & Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Cincinnati?
- As of Q1 2026, the average asking rent for multifamily space in Cincinnati was $1,925.00/unit/mo, per Marcus & Millichap.
- What is the multifamily vacancy rate in Cincinnati?
- Vacancy data for Cincinnati multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Cincinnati market data come from?
- This report aggregates quarterly multifamily market data for Cincinnati from Marcus & Millichap, Lee & Associates, Cushman & Wakefield.
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