Kansas City Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Northmarq, Colliers
Quarterly multifamily market indicators for Kansas City, aggregated by CREhunt from Cushman & Wakefield, Northmarq, Colliers. As of Q1 2026, average asking rent was $1,410.00/unit/mo and vacancy was 4.5%, per Cushman & Wakefield.
Projected current multifamily pricing — Kansas City
Projected asking rent
$1,410–$1,444/unit/mo
Estimated sale value
$140,041–$179,236/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 Cushman & Wakefield data (cap rate 6.0%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | $1,410.00/unit/mo | 4.5% | 858 SF | — | Cushman & Wakefield |
| Q4 2025 Northmarq | — | — | — | — | Northmarq |
| Q3 2025 Cushman & Wakefield | $1,413.00/unit/mo | 3.8% | 12 SF | 5K SF | Cushman & Wakefield |
| Q3 2025 Northmarq | — | — | — | — | Northmarq |
| Q2 2025 Northmarq | — | — | — | — | Northmarq |
| Q2 2025 Colliers | $1,360.00/unit/mo | 5.1% | — | — | Colliers |
| Q3 2017 Colliers | — | 12.4% | 36 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Kansas City?
- As of Q1 2026, the average asking rent for multifamily space in Kansas City was $1,410.00/unit/mo, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Kansas City?
- The multifamily vacancy rate in Kansas City was 4.5% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Kansas City market data come from?
- This report aggregates quarterly multifamily market data for Kansas City from Cushman & Wakefield, Northmarq, Colliers.
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