11/05/2026
Wichita’s rental market is moving fast. Here’s what you need to know 👇
🏆 Wichita ranks #4 in the nation among the most competitive small rental markets (RentCafe)
📈 12 applicants per vacant unit this summer, a record high, and units stayed vacant an average of just 29 days
🏢 Overall occupancy is 96.7%, near historic highs, and Class C led all segments at 97.6%
🏗️ New projects are underway across the metro, from downtown to Derby to Goddard
💼 Outside capital is coming in, including an out-of-state buyer purchase of the 168-unit Maple Ridge Apartments
Why it matters: for owners and investors, strong occupancy and deep renter demand mean steadier income and better pricing power. With the development pipeline lighter than in 2023–2024, occupancy is expected to stay stable through 2027. Knowing where demand is strongest and where new supply is coming helps you time a purchase, a sale or a renovation.
Want the full picture? Contact the Multifamily team to request our 2026 Multifamily Market Report.