Multi-Family Housing Construction Costs

Explore construction benchmarks for apartment buildings, including total budget, hard and soft cost breakdowns, land acquisition, and project duration—segmented by region, size, and urban vs. non-urban development.

Benchmarks on Budgets, Durations, and Costs

Planning a multifamily development starts with understanding apartment construction costs, which vary significantly by region, project size, and whether the location is urban or non-urban.

Rabbet continuously updates its anonymized, aggregated data from U.S. developers and lenders to provide percentile-based benchmarks for total budgets, construction duration, hard costs, soft costs, and land acquisition. These insights empower developers, lenders, and investors to anticipate cost ranges, manage budgets effectively, and make more informed decisions for multifamily projects.