St. Louis has experienced a modest population increase of 0.5% year-over-year, bringing the total to approximately 2.81 million residents as of the end of 2026. This growth follows a slight decline in population from 2022 to 2023, indicating a potential stabilization in demographic trends. The region benefits from a median household income of about $81,679 and a low unemployment rate of 3.6%, contributing to a favorable economic backdrop for housing demand. Additionally, net migration of 41,654 individuals suggests a positive influx of residents, while the renter share remains at 29.2%, reflecting a significant portion of the population seeking rental housing.
In the multifamily sector, year-over-year rent growth stands at 3.7%, with a median gross rent of $1,154. This growth rate is slightly above the national median of 3.5%, indicating a competitive rental market. The asking rents for two-bedroom units are currently positioned at $1,215, which is approximately 31% lower than the national benchmark. The overall affordability of rents in St. Louis appears stable, although the market dynamics suggest a gradual upward pressure on rents as demand continues to outpace supply.
Capital markets in St. Louis have seen multifamily cap rates at 8.2%, which is roughly 116 basis points higher than the national median of 7.04%. Over the trailing 24 months, there have been 362 transactions with a total volume of approximately $570 million, resulting in a median price per unit of $133,333—about 33% lower than the national median. This pricing dynamic indicates a potential opportunity for investors looking for value in the market. As reported by CBRE Research, the multifamily sector remains resilient, suggesting continued interest from investors despite broader economic uncertainties.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
Subtext has officially opened LOCAL on Delmar, a new, mixed-use residential community in Missouri’s University City. Located at the western edge of the Delmar Loop entertainment district and less than half a mile from Washington University in St. Louis, the development transforms a long-underutilized site into a mixed-use destination featuring…
MARYLAND HEIGHTS, MO. — Northmarq has arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Drive in Maryland Heights. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, Banner Real Estate Group. The buyer was Monarch Investment…
UNIVERSITY CITY, Mo. — National real estate developer Subtext has opened LOCAL on Delmar, a new mixed-use residential community in University City, located about eight miles west of downtown St. Louis. Situated at the western edge of the Delmar Loop entertainment district and less than half a mile from Washington…
ST. LOUIS — CBL Properties (NYSE: CBL) has received a $135 million refinancing of its mortgage loan for West County Center, a regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with…
Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Dr. in Maryland Heights, Missouri. Northmarq represented the seller, Banner Real Estate Group, in the transaction.…
<figure><div><img src="https://imgproxy.divecdn.com/Upj--y5oVl0fN4dKmZICZScxV1oExge5UmjmIUWqoPc/g:ce/rs:fill:1600:900:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9NdF9QbGVhc2FudC5qcGc=.webp"/></div></figure><p>Ultra-thick walls aren’t practical, so setbacks should be at least 1,500 feet, says Kasey Fowler-Finn of Saint Louis University.</p>
| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2026-03-01 | 4343 Manchester Ave, Saint Louis, MO 63110 | Multifamily | 19 | $2.2M | $116,447 |
| 2026-01-01 | 7157 Lyndover Pl, Saint Louis, MO 63143 | Multifamily | 16 | $2.4M | $150,000 |
| 2025-05-16 | 13 Innsbruck Ln, Belleville, IL 62221 | Multifamily | 1 | $188K | $188,000 |
| 2025-05-14 | 932 Evan Dr, O'Fallon, IL 62269 | Multifamily | 1 | $290K | $290,000 |
| 2025-05-14 | 116 Sunnyside St, O'Fallon, IL 62269 | Multifamily | 1 | $300K | $300,000 |
| 2025-05-12 | 32 N 98th St, Belleville, IL 62223 | Multifamily | 1 | $260K | $260,000 |
| 2025-05-08 | 119 34 Th, Belleville, IL 62226 | Multifamily | — | $103K | — |
| 2025-05-05 | 3818 Summit Ave, Belleville, IL 62226 | Multifamily | 1 | $127K | $126,500 |
| 2025-05-01 | 2261 Edison Ave, Granite City, IL 62040 | Multifamily | 1 | $200K | $200,000 |
| 2025-04-30 | 737 Vicksburg Dr, Belleville, IL 62221 | Multifamily | 1 | $135K | $134,600 |
| 2025-04-29 | 100 Gettysburg Rd, Belleville, IL 62226 | Multifamily | — | $284K | — |
| 2025-04-25 | 1000 Main St, Alton, IL 62002 | Multifamily | 4 | $220K | $55,000 |
| 2025-04-22 | 123 Winthrop Dr, Belleville, IL 62221 | Multifamily | 1 | $140K | $140,000 |
| 2025-04-17 | 1216 Main St, Highland, IL 62249 | Multifamily | — | $215K | — |
| 2025-04-10 | 618 Hamacher St, Waterloo, IL 62298 | Multifamily | 1 | $305K | $305,000 |
| 2025-04-09 | 106 Liberty Dr, Belleville, IL 62226 | Multifamily | 1 | $115K | $115,000 |
| 2025-04-09 | 309 Cobb St, East Alton, IL 62024 | Multifamily | 1 | $250K | $250,000 |
| 2025-04-09 | 402 Wood River Ave, East Alton, IL 62024 | Multifamily | 1 | $250K | $250,000 |
| 2025-04-09 | 406 Wood River Ave, East Alton, IL 62024 | Multifamily | 1 | $250K | $250,000 |
| 2025-04-09 | 8921 Tanglewood Cir, Belleville, IL 62223 | Multifamily | 1 | $127K | $127,000 |
| 2025-04-07 | 501 N Guernsey St, Collinsville, IL 62234 | Multifamily | 1 | $300K | $300,000 |
| 2025-04-07 | 9420 Saint Clair Ave, Fairview Heights, IL 62208 | Multifamily | — | $925K | — |
| 2025-04-01 | 304 E 1st St, Waterloo, IL 62298 | Multifamily | 1 | $945K | $945,000 |
| 2025-04-01 | 502 Henry St, Alton, IL 62002 | Multifamily | 3 | $150K | $50,000 |
| 2025-04-01 | 301 E McCasland Ave, East Alton, IL 62024 | Multifamily | 1 | $136K | $136,000 |
| 2025-03-28 | 120 Main St, Belleville, IL 62220 | Multifamily | — | $475K | — |
| 2025-03-28 | 326 W H St, Belleville, IL 62226 | Multifamily | 8 | $320K | $40,000 |
| 2025-03-28 | 116 Main St, Belleville, IL 62220 | Multifamily | — | $475K | — |
| 2025-03-28 | 320 W H St, Belleville, IL 62226 | Multifamily | 8 | $320K | $40,000 |
| 2025-03-27 | 709 Vicksburg Dr, Belleville, IL 62221 | Multifamily | 1 | $155K | $155,000 |
| 2025-03-26 | 321 I St, Swansea, IL 62226 | Multifamily | — | $760K | — |
| 2025-03-26 | 317 I St, Swansea, IL 62226 | Multifamily | — | $760K | — |
| 2025-03-26 | 313 I St, Swansea, IL 62226 | Multifamily | — | $760K | — |
| 2025-03-25 | 325 I St, Belleville, IL 62226 | Multifamily | — | $760K | — |
| 2025-03-24 | 610 Johnson Hill Rd, Collinsville, IL 62234 | Multifamily | 4 | $640K | $160,000 |
| 2025-03-24 | 3447 Meridocia St, Alton, IL 62002 | Multifamily | 4 | $187K | $46,750 |
| 2025-03-24 | 1358 Franklin Ave, Collinsville, IL 62234 | Multifamily | 1 | $320K | $320,000 |
| 2025-03-20 | 3216 Oliver St, East Saint Louis, IL 62205 | Multifamily | 1 | $195K | $194,667 |
| 2025-03-17 | 2213 Grand Ave, Granite City, IL 62040 | Multifamily | 1 | $140K | $140,000 |
| 2025-03-14 | 637 38th St, Belleville, IL 62226 | Multifamily | — | $175K | — |
| 2025-03-14 | 2213 Madero Dr, Belleville, IL 62221 | Multifamily | 1 | $180K | $180,000 |
| 2025-03-12 | 435 M St, Edwardsville, IL 62025 | Multifamily | 4 | $515K | $128,750 |
| 2025-03-12 | 443 M St, Edwardsville, IL 62025 | Multifamily | 4 | $515K | $128,750 |
| 2025-03-11 | 13 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $173K | $173,333 |
| 2025-03-11 | 11 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $133K | $133,333 |
| 2025-03-11 | 1 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $133K | $133,333 |
| 2025-03-11 | 15 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $173K | $173,333 |
| 2025-03-11 | 9 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $133K | $133,333 |
| 2025-03-11 | 5 Manor Dr, Collinsville, IL 62234 | Multifamily | 1 | $173K | $173,333 |
| 2025-03-07 | 10606 Lincoln Trl, Fairview Heights, IL 62208 | Multifamily | 5 | $300K | $60,000 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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