Naperville / Lisle Multifamily Market Q4 2025 Update | Strong Rents, Balanced Growth & Investor Optimism
The Naperville Lisle multifamily market Q4 2025 remains one of the most desirable suburban investment zones in DuPage County. This quarter reflects 5.6% vacancy, 3.4% rent growth, and sustained buyer confidence across institutional and private sectors.
Naperville / Lisle Multifamily Market Q4 2025 Overview
Key Metrics (Q4 2025)
Vacancy Rate: 5.6%
12-Month Rent Growth: 3.4%
Average Asking Rent: $1,947 / month ($2.14 / SF)
Units Under Construction: 46
12-Month Absorption: 250 units
12-Month Deliveries: 323 units
The Naperville Lisle multifamily market Q4 2025 recorded steady improvement over last year, supported by low turnover and a limited construction pipeline. With over 12,000 total units, vacancy edged down slightly as renter demand outpaced completions.
Rent Growth and Vacancy | Naperville Lisle Multifamily Market Q4 2025
Vacancy: 5.6% (Metro 3.4%)
Rent Growth: 3.4% YoY
Average Asking Rent: $1,947 / month
Rents by Property Class:
4 & 5 Star: $2,132 / month (7.6% vacancy)
3 Star: $1,889 / month (5.0% vacancy)
1 & 2 Star: $1,635 / month (2.2% vacancy)
Key Highlights:
Rent growth above the 10-year metro average (2.9%).
Class B assets achieve near full occupancy.
Submarket rents remain 3–5% below the Chicago average, supporting retention.
The Naperville Lisle multifamily market Q4 2025 benefits from high-income tenants and minimal supply pressure.
Cap Rates and Investment Activity | Naperville Lisle Multifamily Market Q4 2025
12-Month Sales Summary:
Total Volume: $515 million
Properties Sold: 12
Avg. Price per Unit: $216,000
Cap Rate Range: 5.8% – 6.2%
Recent Notable Sales:
Fifteen98 Naperville – 640 units | $136M ($212,500 / unit)
Fox Valley Villages – 420 units | $93.2M ($221,904 / unit)
Hawthorn at Oakhurst – 320 units | $72.3M ($225,781 / unit)
Investor sentiment in the Naperville Lisle multifamily market Q4 2025 remains positive, with stable yields and institutional participation dominating sales activity.
Development Pipeline | Naperville Lisle Multifamily Market Q4 2025
Under Construction: 46 units
Forest Meadows Apartments (25W462 75th St) – 38 units, completion 2026
Western Avenue Apartments (4529 Western Ave) – 8 units, completion late 2025
Recent Deliveries:
Lucca Fox Valley (3955 Fox Valley Center Dr) – 323 units (Delivered Q1 2025)
Douglas Avenue Apartments (118 Douglas Ave) – 8 units (Delivered Q2 2024)
The Naperville Lisle multifamily market Q4 2025 is constrained by zoning and land costs. Construction totals less than 0.5% of existing stock, preventing oversupply and sustaining pricing leverage for owners.
2026 Outlook and Owner Strategy | Naperville Lisle Multifamily Market Q4 2025
Forecasts for 2026
Rent Growth: +2.5% – +3.0%
Vacancy: ≈5.0%
Cap Rates: 5.8% – 6.0%
Strategic Takeaways
Maintain occupancy through proactive renewals.
Focus on light renovations to capture rent premiums.
Expect stable NOI growth as suburban demand persists.
The Naperville Lisle multifamily market Q4 2025 is expected to remain a strong performer through 2026 due to limited new supply and durable renter demand.
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References
CoStar Market Analytics – Naperville / Lisle Multifamily Report
National Multifamily Housing Council (NMHC)
Chicago Multifamily Market Q4 2025 Update
Aurora Multifamily Market Q4 2025 Update
CoStar
https://creconsult.net/naperville-lisle-multifamily-market-q4-2025/?fsp_sid=1988
