Matrix Multifamily St Louis Report-May 2026 May 19, 2026

St. Louis fundamentals hold steady

St. Louis closed the year’s first quarter with rent growth that outpaced the U.S. average, as advertised asking rents increased 0.3 percent on a T3 basis compared with 0.1 percent nationally. This performance came even as the metro’s pipeline remained robust, with some 4,700 units under construction and another 21,000 moving through the planning and permitting stages.