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Chicago sidesteps vacancy surge hitting US apartment markets

Slower construction, steady leasing keep new supply from weighing on rentals
Over the past year, Chicago added about 4,800 apartment units, an increase of less than 1% of its total inventory. (Getty Images/iStockphoto)
Over the past year, Chicago added about 4,800 apartment units, an increase of less than 1% of its total inventory. (Getty Images/iStockphoto)
CoStar Analytics
April 8, 2026 | 3:31 P.M.

As apartment vacancy rates remain elevated across much of the United States following a record wave of new construction, Chicago is emerging as a notable exception.

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News | Chicago sidesteps vacancy surge hitting US apartment markets