Levelness and almost Gorensteinness are well-studied properties on graded rings as a generalized notion of Gorensteinness. In the present paper, we study those properties for the edge rings of the complete multipartite graphs, denoted by $Bbbk[K_{r_1,ldots,r_n}]$ with $1 leq r_1 leq cdots leq r_n$. We give the complete characterization of which $Bbbk[K_{r_1,ldots,r_n}]$ is level in terms of $n$ and $r_1,ldots,r_n$. Similarly, we also give the complete characterization of which $Bbbk[K_{r_1,ldots,r_n}]$ is almost Gorenstein in terms of $n$ and $r_1,ldots,r_n$.