How Much Does It Cost to Build an Apartment Complex 2026 Guide
The national average cost to build a mid-rise (4 to 7 stories) or high-rise (8 or more stories) apartment complex ranges from $220 to $700 per square foot (2025 data). In total, a standard mid-rise apartment complex that is 4-7 stories high costs $7.1 - $54.6 million.
The average cost to build an apartment complex is $150 to $400 per square foot, or $75,000 to $600,000 per unit.
How Much Does It Cost to Build an Apartment Complex in 2026
Learn the true costs of building an apartment in 2026 . From hard costs to impact fees, discover how structure, location & regulations shape your project budget.
Owners typically see a wide cost range for building apartment complexes, driven by site conditions, design, and local labor markets. The cost focus here covers total project pricing and per-unit estimates to help budgeting and comparison shopping. The primary drivers include land costs , building type, permitting, and construction timelines.
Apartment Construction Costs in 2026
Easily understand potential multifamily construction costs in 2026 with our calculator and guide, whether you're building a four- or 20-units apartment complex .
Estimate the full cost to build apartment complex projects for 2026 . Our guide covers hard & soft costs , takeoffs, unit pricing, and how AI tools boost Apartment construction in 2026 commonly runs about $220 to $700 per square foot, and mid-rise projects often land in a broad band of roughly $7.1 million to $54.6 million.
Apartment Complex Cost Guide
Overview Of Costs Cost ranges for an apartment complex typically span from roughly $20 million to $90 million, with per-unit estimates often in the $120,000 to $350,000 band depending on density and finish levels. The table above shows initial anchors, but real-world bids hinge on site conditions, municipal requirements, and financing terms.
Explore Precedent Developments' 2026 Canadian Construction Cost Guide with updated building costs , regional benchmarks, market insights, and key project budgeting considerations.
What a Toronto Multiplex Actually Costs to Build
Toronto multiplex construction costs by unit count: hard cost ranges per square foot, development charge exemptions, HST rebates and what moves a 2026 budget.
Altus Group Limited (ʺAltus Group" or "the Company") (TSX: AIF), a leading provider of commercial real estate ("CRE") intelligence, today released its 2026 Canadian Cost Guide, an annual comprehensive benchmark of hard construction costs for real estate development and infrastructure projects across all asset classes in major Canadian markets.