Las Vegas Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, , Colliers,
Quarterly multifamily market indicators for Las Vegas, aggregated by CREhunt from Cushman & Wakefield, , Colliers, . As of Q1 2026, average asking rent was $1454.00/SF with a 3.6% vacancy rate.
Projected current multifamily pricing — Las Vegas
Projected asking rent
$1,457/unit/mo
Estimated sale value
$153,474–$191,843/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 multiple brokerages data (cap rate 5.5%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $1454.00/SF | 3.6% | -4K SF | 1K SF | Cushman & Wakefield |
| Q1 2026 | $1457.00/SF | 10.3% | 3K SF | — | |
| Q1 2026 | $1473.00/SF | — | — | — | Colliers |
| Q4 2025 | — | 13.3% | 0K SF | — |
Frequently asked questions
- What is the average asking rent for multifamily space in Las Vegas?
- As of Q1 2026, the average asking rent for multifamily space in Las Vegas was $1454.00/SF, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Las Vegas?
- The multifamily vacancy rate in Las Vegas was 3.6% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Las Vegas market data come from?
- This report aggregates quarterly multifamily market data for Las Vegas from Cushman & Wakefield, Colliers.
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