Rental vacancy in Atlanta will compress to 5.2% in 2026, as Atlanta’s multifamily market tightens.

Atlanta will experience a projected 50% drop in new multifamily inventory this year, according to Marcus & Millichap’s 2026 Atlanta Multifamily Investment Forecast.

“Even as new development slows, Atlanta’s steady job growth and population gains are helping to keep apartment demand resilient,” Marcus & Millichap Senior Managing Director and Market Leader for Atlanta John Leonard said in the report.

The Atlanta metro is slated to add 19,000 jobs in 2026 — the fourth-highest gain among major U.S. markets, fueling population growth.

Renters may have to pay more in 2026. The report expects average rent to increase 4.1% to $1,650 per month.

Renter interest may concentrate in submarkets like Midtown, Gwinnett County and Clayton County, according to the report.

“While near-term development is moderating, demand drivers remain intact. As a result, investors are closely evaluating submarkets where supply and demographic trends align,” Leonard said.