The 11 Best Apartment Property Management Software of 2024

Managing rentals requires a constant juggle that can be a real headache for real estate professionals.

There is:

• Rent collection
• Accounting
• Maintenance management
• Leasing
• Marketing
• Communications
• Tenant management
• And, unfortunately, more

That’s why something like apartment property management software can be such an incredible addition when it comes to managing and maintaining your units.

With it, you can:

• Streamline communications, bring multiple channels of communication into one place
• Automate many tasks such as listing units, receiving maintenance requests, and rent collection
• And optimize everything else in between from accounting to marketing.

Whether you’ve been looking into apartment property management software or you’re just starting to consider it, this guide is designed to help you take that next step forward.

First, let’s talk about some of the best property management software options out there.

Later, we’ll talk about some of the most frequently asked questions on property management software (but if you’d like, just click the table of contents to skip to it now).

11 Best Apartment Property Management Software of 2024

Below are 11 of the best apartment property management software of 2022. Each has a variety of features and pros and cons and is worth considering.

Let’s get started:

1. DoorLoop

The first on our list is our very own DoorLoop, and for good reason.

If you’re looking for an all-in-one apartment property management software tool, it has everything you could need and more.

Not only do you get the full range of features you can expect from any good property management software, but you get it in a fast, easy-to-use, and convenient package.

Not to mention an incredibly helpful knowledge base and stellar customer service with real people (shock).

DoorLoop features include:

• Easy rent collection: With automated rent payments and a convenient tenant portal that makes it easy for tenants to manage all their payments and fees in one place. Tenants want to pay in cash? DoorLoop has got you covered! Streamline cash payments with DoorLoop CashPay
• Simplified property accounting: No more difficult workarounds and odd patchwork to get QuickBooks to work for your property business; instead, you get a platform designed for property accounting.
• Streamlined tenant communications: All communications in one convenient place.
• Maintenance management is a headache no more: Tenants send in maintenance requests, you assign a vendor, the vendor gets the job done, and you issue a check– all from within the app. Simple and easy.
• And much more

DoorLoop pricing

Many of the options on this list don’t offer their pricing publicly. We think that’s not doing you service as a customer, and frankly, not up to the standards of the modern digital era.

That’s why we list all the details of our pricing plans conveniently on our pricing page, in full transparency.

You can get started with DoorLoop for just $59 per month for up to 20 units.

So, don't hesitate schedule a free demo today to see what DoorLoop can do for you!

2. Rentec Direct

Rentec Direct is a property management tool with a good variety of features such as maintenance management and a convenient smartphone app.

However, being one of the older options on the list, their UI is dated, and users report that it’s challenging to use.

Rentec Direct features

• Maintenance management
• Smartphone app
• Tenant screening

Rentec Direct pricing

Rentec’s basic plan comes in at $45 per month, though it only covers up to 10 units. You can upgrade to their $65 plan for up to 50 units or $450 for up to 550, however.

3. Landlord Studio

Landlord Studio is on the opposite end of the spectrum compared to Rentec. It similarly offers a convenient number of ways to access the software, including a good mobile app.

However, it also offers a clean and easy-to-use UI. Where it falters is in its number of features. It has a good set of accounting features but doesn’t have much else beyond that, so users will likely feel the feature set lackluster compared to most of the other options on this list.

Landlord Studio features

• Expense tracking
• Robust reporting
• Tenant screening

Landlord Studio pricing

Landlord Studio’s starter plan comes in at an affordable $5.99 per month, though that only accounts for one unit, with each unit after that being $1. The premium Scale plan bumps up to $19.99 (when paid annually), with the same stipulation of covering just one unit.

4. Rent Manager

Rent Manager has a broad and deep set of features, including everything from good accounting features to an owner portal, making apartment management very simple.

However, similar to Rentec, users report that Rent Manager’s UI is a bit clunky and hard to use, and their pricing could be more transparent.

Rent Manager features

• Automatic rent payments
• Smartphone app
• Owner portal
• QuickBooks integration

Rent Manager pricing

Rent Manager doesn’t list their exact pricing online, though they do list some of the basics in terms of features you can expect and at what tier. You’ll need to contact their sales team directly to find out more.

5. Propertyware

Propertyware is apartment rental software with a good set of accounting features, such as automatic payment reminders.

If you’re mainly looking for an accounting tool, Propertyware is worth considering. However, it’s primarily designed for those with more extensive portfolios of 250+ units, so it’s on the higher end in terms of pricing.

Propertyware features

• Good accounting features such as automatic rent payments and robust reporting
• Tenant portal
• Owner portal
• Maintenance management

Propertyware pricing

Propertyware’s pricing is mostly the standard per unit, per month, though they have high monthly minimums. Their starter plan comes in at $1 per unit, with a $250 monthly minimum.

6. Hemlane

Hemlane has many of the property management software features you expect, with a few unique ones geared specifically around offering additional in-person support for property managers.

One of those unique features, agent match, connects you with local real estate agents to help with showings, particularly useful if you have properties in areas you don’t reside near.

However, as a trade-off, Hemlane is one of the most expensive options on this list, particularly depending on the number of units you have.

Hemlane features

• Agent match
• Online rent payments
• Tenant screening
• Maintenance management

Hemlane pricing

Hemlane offers a 30-day free trial, while their Basic plan comes in at $30 per month and $2 per unit per month after the first. That means if you have 25 properties, you’d pay $78, while with 50 you’d pay $128.

7. Rentmoji

Rentmoji has a good combination of accessibility– with a convenient mobile and desktop version– as well as clean UI.

However, even though Rentmoji offers similar features compared to most of the options on this list, they come in on the pricey end.

Rentmoji features

• Automatic rent payments
• Tenant portal
• QuickBooks integration
• Maintenance management

Rentmoji pricing

Rentmoji doesn’t show their pricing on their website, so you’ll have to contact them directly to find out more.

8. Appfolio

Appfolio is another option with a deep feature set for rental properties, including smart bill entry and automated late fees.

It’s a good overall option, though it comes in as one of the priciest options on the list.

Appfolio features

• Good accounting features such as smart bill entry and robust reporting
• Automated late fees
• Maintenance management

Appfolio pricing

Appfolio’s price per unit is unique in that it varies, between $1.40 and $3, though their high price tag for some comes in the way of their $280 monthly minimum, like Propertyware.

9. Yardi Breeze

Yardi Breeze is geared more towards smaller-scale property managers, so it has a good collection of training materials for getting started and an easy-to-use UI.

However, it doesn’t offer a smartphone app and is limited in some features compared to other options on this list.

Yardi Breeze features

• Tenant portal
• Owner portal
• Maintenance management
• Good accounting features such as online rent payments, invoicing, and QuickBooks integration

Yardi Breeze pricing

Yardi Breeze’s pricing on residential properties comes in at $1 per unit per month with a $100 minimum. Their premium plan offers a few additional features and is $2 per unit, per month, along with a $400 minimum.

10. SimplifyEM

Similar to Propertyware, SimplifyEM has a comprehensive collection of accounting features, making it a good choice if accounting is the main area you’re looking for help in.

Users report liking their payment reminder features, and they offer a free trial version. However, SimplifyEM doesn’t offer many features beyond accounting.

SimplifyEM features

• Good accounting features such as reporting and QuickBooks integration
• Automated rent payments
• Payment reminders

SimplifyEM Pricing

SimplifyEM has a free trial version, while their starter plan comes in at just $25 per month, making it one of the most affordable plans on this list. However, it only covers up to 10 units, so many landlords and property managers will be limited.

11. Property Matrix

Property Matrix is a good option for businesses with very specific reporting needs. Offering over 500 customizable reporting fields, this software allows you to generate virtually any report you’ll need. 

However, it’s important to note that users report that Property Matrix’s price point is quite high for smaller businesses, especially when compared to software options with similar features. Its Starter plan starts at $400/month for up to 250 units.

Property Matrix features

• Mobile app
• Custom user roles
• Custom fields and reports
• ACH and credit card payments

Property Matrix pricing

Property Matrix starts at $450/month on its Starter plan, which is quite high compared to other options out there.

Even if you manage as many as 250 units, there are other software options out there that offer a more advanced subscription tier that still costs less than this basic package.

Frequently asked questions

If you’ve just begun looking, chances are you might be on the fence about apartment leasing software and property management software in general.

To that end, here are a few frequently asked questions to help you get clarity about why it’s valued, what it offers, and what to keep in mind when considering which is best for you.

What does property management software do?

Apartment property management software helps take many of the day-to-day tasks you handle in managing your properties and either streamlines, automates, or simply optimizes them.

When taken together, property management software can save you an immense amount of time, money, and headache.

What features can I expect from property management software?

Apartment management software typically has a core set of features that covers the gamut of property management.

Those features typically include:

• Maintenance management: Including communicating with tenants on requests they send in themselves, assigning to vendors, and paying vendors
• Marketing and leasing: Including a custom IDX-approved website, automatic listings on the major real estate websites, eLeasing, background checks, and more. Like apartment associations or professional networks, property management software can help get your listings in front of quality tenants quickly.
• Tenant portal: Including payment reminders, the ability to pay rent and other fees from the tenant’s smartphone or computer, and communicate directly with those tenants.
• Owner portal: Similarly, a central place where you can run reports for your owners and even print checks
• Accounting: Manage rent payments and other fees, invoices, bills, manage your chart of accounts, run bank reconciliations, and more

You can also typically look forward to several additional features, though it depends on what software you go with.

What is the best property management software to choose?

The best property management software gives you the features you need to help you with your pain points and optimize your business.

That might be collecting rent effectively or handling the leasing process. Maybe you find that managing maintenance is a huge time sink that you need to alleviate.

Or perhaps you need something affordable and that’s easy to use, as you’ve had an experience with software in the past that was slow, clunky, and had a bad user experience.

Keep these pain points, or areas of improvement, in mind as you consider what software to go with.

Supercharge your rental management with DoorLoop

We hope this list of the top apartment property management software has helped you get one step closer to finding the tool that will streamline and optimize your entire property business.

At DoorLoop, we crafted our software with the knowledge and experience of having been investors and property managers ourselves, so we know how much it can help.

If you’re looking for a property management software that makes managing your rentals a cinch, DoorLoop has you covered.

Not only can you look forward to all of the features we’ve covered throughout this review, but you’ll also get other key benefits that only DoorLoop can offer. Including:

• An easy-to-use, lightning-fast user experience: Clicks load instantly, and you can always find what you’re looking for—no confusing features, settings, or instructions.
• Responsive customer service team: We make ourselves available (yes, real live human beings) to answer any question you might have, so you rest assured.

We know it’s about more than just the features (though we have got that covered too).

It’s about the experience and ease of use; how fast you can get to what you need, and how well it works.

So, if you’re ready to start streamlining, automating, and generally optimizing your rental management, try DoorLoop today.

Try DoorLoop today.