Reno Multifamily Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield
Quarterly multifamily market indicators for Reno, aggregated by CREhunt from Cushman & Wakefield. As of Q2 2026, vacancy was 6.2%, per Cushman & Wakefield.
Projected current multifamily pricing — Reno
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Reno multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent trend-adjusted to today). Assumes ~93% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | 6.2% | 509 SF | 10 SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $1,738.00/unit/mo | 7.0% | 65 SF | 2K SF | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $1,704.00/unit/mo | 8.1% | 2K SF | 2K SF | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Reno?
- CREhunt aggregates multifamily asking-rent data for Reno from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Reno?
- The multifamily vacancy rate in Reno was 6.2% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Reno market data come from?
- This report aggregates quarterly multifamily market data for Reno from Cushman & Wakefield.