Orlando Multifamily MarketBeat Q1 2026

Orlando's multifamily market delivered 9,503 units in the past 12 months (expanding inventory by 4.4%), but construction activity declined 34.1% year-over-year to its lowest level since 2020, with stabilized occupancy falling 70 basis points to 92.0% and effective rents declining 2.1% to $1,804 per month. Net absorption totaled 1,866 units through 2026 year-to-date, down nearly 1,000 units annually, with I-Drive Orlando and Southwest Orlando submarkets leading the region in absorption despite high new supply levels.