MARKET SNAPSHOT

Kansas City q2 2026

AVERAGE RENT

$1,392 Q2 2026

OCCUPANCY RATE

93.1% Q2 2026

NET ABSORPTION

4,106 T4Q

ANNUAL RENT CHANGE

2.0% Q2 2026

ANNUAL OCCUPANCY CHANGE

20 BPS

UNIT COMPLETIONS

4,095 T4Q

KEY TAKEAWAYS
Rent growth is significantly outpacing the broader market, with two consecutive quarters of accelerating sequential gains signaling the market has moved decisively past last year's softness and into one of the stronger positions in the Midwest.
Click Here
Demand and supply have reached near-perfect equilibrium, a marked improvement from a year ago when completions consistently outran leasing activity. Absorption has stayed broad-based and consistently positive, pointing to structural rather than temporary demand.
Click Here
Occupancy has improved for four straight quarters even as new supply continued to enter the market, placing Kansas City among the stronger occupancy performers in the Midwest. With completions and starts both pulling back sharply, continued outperformance is expected through the back half of 2026.
Click Here
MARKET OUTLOOK

Kansas City's multifamily market has reached a constructive inflection point. With absorption matching deliveries and starts down 35% year-over-year...

Featured Kansas City Research Reports:

Headshot Corporate Business Portrait for MMG at Fontaine Hotel in Kansas City by Kevin Ashley Photography I Kansas City and Overland Park Headshot Photographer. Headshots, Portraits, Weddings and Commercial Photography.

Harry Trotter

Regional Managing Director
TJ Wahl_2025

TJ Wahl

Managing Director
Colson-Bayles

Colson Bayles

Senior Advisor
Parker Guffey

Parker Guffey

Associate Advisor

To gain further insights into the Kansas City Market,
contact our local team:

Please complete the form to gain access to the Kansas City Quarterly Report

Have a question?
Send us a message!

MMG Real Estate Advisors
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.