Las Vegas Multifamily Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Colliers, Northmarq
Quarterly multifamily market indicators for Las Vegas, aggregated by CREhunt from Cushman & Wakefield, Colliers, Northmarq. As of Q2 2026, vacancy was 23.1%, per Cushman & Wakefield.
Projected current multifamily pricing — Las Vegas
Projected asking rent
$1,457–$1,606/unit/mo
Estimated sale value
$149,387–$205,786/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 trend-adjusted to today). Assumes ~90% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | 23.1% | 2K SF | 5 SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $1,454.00/unit/mo | 10.6% | 403 SF | 1K SF | Cushman & Wakefield |
| Q1 2026 Colliers | $1,473.00/unit/mo | — | — | — | Colliers |
| Q4 2025 Northmarq | $1,500.00/unit/mo | 9.4% | — | — | Northmarq |
| Q3 2025 Cushman & Wakefield | $1,457.00/unit/mo | — | -4K SF | 49 SF | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Las Vegas?
- CREhunt aggregates multifamily asking-rent data for Las Vegas from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Las Vegas?
- The multifamily vacancy rate in Las Vegas was 23.1% as of Q2 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, Northmarq.
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