AppFolio vs RealPage
Property Management Software · Verified 2026-08-22 · No paid placement
Cloud property management software for residential and mixed portfolios
Residential/multifamily portfolios (50+ units) wanting an easy-to-learn day-to-day operating system; not commercial-lease-native.
AI-powered property management and revenue management platform for multifamily
Mid-to-large institutional multifamily operators wanting integrated revenue management; carries legal/regulatory overhang from RealPage AI pricing lawsuits.
| AppFolio | RealPage | |
|---|---|---|
| Pricing model | Per unit / per door | Enterprise / quote-based |
| Public pricing | Starts at $1.49/unit/month | Office/retail ~$10-12.50 per 10,000 sq ft/month; industrial ~$5.83 per 10,000 sq ft/month (varies by product line) |
| Asset classes | Multifamily | Multifamily |
| Built for | Property Managers | Property Managers, Institutional Multifamily Operators |
| Integrations | Zillow/Realtor.com listing syndication, payments/screening add-ons | OneSite core PM, revenue management/AI pricing, utility billing |
| Status notes | founded_year: 2006; funding: Public company (NASDAQ: APPF) since 2015; shutdown_risk: none | founded_year: 1998; funding: Acquired by Thoma Bravo (2021, ~$10.2B); acquisitions: Owns Buildium; subject to DOJ antitrust litigation over algorithmic rent pricing (2024-2026); shutdown_risk: low, but reputational/legal risk from price-fixing allegations |
| Last verified | 2026-08-22 | 2026-08-22 |
What the data says
- Factor in AppFolio's status: founded_year: 2006; funding: Public company (NASDAQ: APPF) since 2015; shutdown_risk: none
- Factor in RealPage's status: founded_year: 1998; funding: Acquired by Thoma Bravo (2021, ~$10.2B); acquisitions: Owns Buildium; subject to DOJ antitrust litigation over algorithmic rent pricing (2024-2026); shutdown_risk: low, but reputational/legal risk from price-fixing allegations
Frequently asked questions
- AppFolio vs RealPage: which is better for CRE?
- Both are established property management software options; the right choice depends on firm type, asset mix, and stack fit. The comparison table on this page sets out pricing model, asset-class coverage, integrations, and vendor status side by side — verified 2026-08-22, with no paid placement influencing either profile.
- Do AppFolio and RealPage publish pricing?
- AppFolio: Starts at $1.49/unit/month. RealPage: Office/retail ~$10-12.50 per 10,000 sq ft/month; industrial ~$5.83 per 10,000 sq ft/month (varies by product line).