{"id":11063,"date":"2026-05-27T07:17:00","date_gmt":"2026-05-27T07:17:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=11063"},"modified":"2026-11-04T07:27:04","modified_gmt":"2026-11-04T07:27:04","slug":"st-louis-multifamily-market-report-may-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-may-2026\/","title":{"rendered":"St. Louis Multifamily Market Report \u2013 May 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <a href=\"\/blog\/st-louis-multifamily-market-report\/\"><strong>St. Louis Multifamily Market Report<\/strong><\/a>.<\/p>\n\n\n<hr \/>\n<h2>Stable Fundamentals Meet Economic Tailwinds<\/h2>\n<p>Through the first quarter of 2026, multifamily fundamentals in St. Louis remained stable with steady rent growth even amid ample supply, according to the latest Yardi Matrix St. Louis multifamily market report. Advertised asking rents in St. Louis increased 0.3%, on a trailing three-month basis through March, to $1,344, exceeding the national pace of 0.1%, which brought the average to $1,750. On the occupancy side, however, the nation\u2019s 94.3% average outpaced the metro\u2019s 93.4%, as noted in the in the most recent <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-slWhH\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"St. Louis vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/slWhH\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p>Job growth declined 0.2% year-over-year as of December, trailing the 0.6% national average. The metro\u2019s unemployment rate stood at 3.5% as of December, according to preliminary Bureau of Labor Statistics data. The figure remained well below the 4.4% U.S. rate. A $3 billion planned project could reshape Midtown St. Louis and provide a boost to the local economy. The mixed-use project would transform the Armory into an office building paired with a data center next door.<\/p>\n<p><iframe id=\"datawrapper-chart-OHPv6\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"St. Louis Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/OHPv6\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p>Developers delivered close to 2,700 units in the past year. St. Louis\u2019 pipeline included approximately 4,700 units under construction with an additional 21,000 units in the planning and permitting stages. On the investment side, multifamily transactions saw a notable pullback during the first quarter. Sales across St. Louis amounted to approximately $48 million, well be low the $149 million transacted during the same period of 2025.<\/p>\n<p>Read the full St. Louis Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8691-MatrixMultifamilyStLouisReport-May2026\" rel=\"\"><strong>May 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Stable Fundamentals Meet Economic Tailwinds Through the first quarter of 2026, multifamily fundamentals in St. Louis remained stable with steady rent growth even amid ample supply, according to the latest Yardi Matrix St. Louis multifamily market report. Advertised asking rents in St. Louis increased 0.3%, on a trailing three-month basis through March, to $1,344, exceeding [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":10438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[519,128],"class_list":["post-11063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2026","tag-st-louis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>St. Louis Multifamily Market Report \u2013 May 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"St. Louis closed the year\u2019s first quarter with rent growth that outpaced the U.S. average, as advertised asking rents increased 0.3 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-may-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Louis Multifamily Market Report \u2013 May 2026\" \/>\n<meta property=\"og:description\" content=\"St. Louis closed the year\u2019s first quarter with rent growth that outpaced the U.S. average, as advertised asking rents increased 0.3 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-may-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-27T07:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-04T07:27:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/11\/St-Louis-iStock-2213105801-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"St. Louis Multifamily Market Report \u2013 May 2026 - 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