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Apartment List

Online rental marketplace with risk-free listings

Overview

Apartment List is an online marketplace that connects renters with rental properties and helps property managers fill units. Landlords list properties, renters search and tour options (in-person, self-guided, or virtual), and a fee is charged only after a renter signs a lease; the platform also syncs with property management systems to track rental status. It differentiates itself by a true pay-for-success model, software integrations, and a partnership with Facebook Marketplace to expand reach. Its goal is to make renting easier, more transparent, and lower-risk while increasing occupancy and speeding up leases.

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About Apartment List

Simplify's Rating
Why Apartment List is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareEnterprise SoftwareReal Estate

Company Size

501-1,000

Company Stage

Series D

Total Funding

$163M

Headquarters

San Francisco, CA

Founded

2011

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Simplify's take

What believers are saying

  • Bilt launched Rent a Home on November 10, 2026 to 8 million members.
  • Q3 2026 updates expanded fee transparency, agent controls, and renter conversion tools.
  • Headcount reached 341 in June 2026, while hiring continues across product and revenue teams.

What critics are saying

  • Gene Thrower sued Apartment List on June 15, 2026 under TCPA.
  • Google Gemini, Bilt, and AppFolio can disintermediate Apartment List’s direct renter relationship.
  • Zillow and CoStar can outspend Apartment List, compressing distribution economics and margins.

What makes Apartment List unique

  • 12 million leases and 65 million renter conversations power proprietary matching.
  • Apartment List embeds pay-per-lease into AppFolio Stack and Bilt Rent a Home.
  • A-List Nurture, Kaleno, Sunny, and Gemini integrations push AI deeper than listings.

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Funding

Total Funding

$163M

Below

Industry Average

Funded Over

6 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$10M
$50M
$70M
$80M
$100M

Growth & Insights and Company News

6 month growth

-1%

1 year growth

0%

2 year growth

0%
PR Newswire
Nov 10th, 2026
Apartment List powers Bilt's Rent a Home, offering 20,000 points for lease signings to 8M+ members

Apartment List has partnered with Bilt, a neighbourhood commerce and rewards platform, to launch Rent a Home. The service is now live for Bilt's more than 8 million members in the US. It uses Apartment List's AI matching to learn renters' preferences and suggest homes. Members earn 20,000 Bilt Points when they sign a lease through the service. They can redeem the points for rent, student loans, or spending at Bilt's 50,000 merchant partners. Every property listed on Apartment List is included, and Bilt Alliance properties get preferred placement. Property managers can also show departing residents listings at sister communities, turning a move-out into a new lease. The launch coincides with Bilt Neighborhood OS, an AI platform for businesses and housing operators.

PR Newswire
Nov 3rd, 2026
Apartment List and Grotto AI team up to lift lead-to-tour conversion by 35%

Apartment List, an AI-powered rental platform, has partnered with Grotto AI, which provides sales coaching for apartment leasing teams. The integration shows leasing agents a renter's budget, move-in date, pets, and must-have amenities before calls and tours. Grotto combines that data with property details and available inventory, then coaches agents in real time on how to use it. In a randomised A/B test across 311 communities run by Weidner Apartment Homes, lead-to-tour conversion rose 35% when agents used the insights. "Today, every step of the rental journey is a cold start," said Nick Deveau, co-founder and chief executive officer of Grotto.

Associated Press
Aug 13th, 2026
Apartment List partners with Flex to integrate flexible rent payments into property search

Apartment List has partnered with Flex to integrate flexible rent payment options into its rental search platform. The collaboration marks the first time such flexibility has been embedded at the property search stage rather than after lease signing. Flex allows renters to split rent payments into smaller instalments aligned with their pay schedules, whilst landlords receive full payment on time. According to a Flex survey, nearly one in three renters lack sufficient income when rent is due, and nearly three in four experienced unexpected budget strain in the past month. A recent study found properties offering Flex saw on-time payments increase by approximately three percentage points, late payments decrease by 2.5 percentage points, and longer tenant retention with lower vacancy rates.

FF News
Aug 13th, 2026
Apartment List and Flex partner to embed flexible rent payments directly into property search.

Apartment List and Flex partner to embed flexible rent payments directly into property search. Quick summary. Apartment List has partnered with Flex to integrate flexible rent payments directly into the property search experience. This industry-first move allows renters to see payment splitting options on unit listings before applying, helping them align housing costs with their personal paycheck cycles and financial health. How does Apartment List improve renter financial wellness? Apartment List solves the cash-flow gap for modern tenants by surfacing flexible rent payments at the very beginning of the housing search. By embedding Flex into every unit listing, the platform ensures that financial flexibility is a primary factor in the decision-making process rather than an afterthought. This proactive approach addresses the reality that nearly 1 in 3 renters lack sufficient income on the first of the month. * Search-stage integration allows users to factor payment schedules into their budget before signing a lease. * AI-powered matching pairs renters with over 7 million units that now feature transparent payment options. * Reduced financial stress is achieved by decoupling the rigid "first of the month" deadline from the renter's actual income schedule. What results has flexible rent delivery produced for landlords? The integration of flexible rent payments provides significant operational benefits for property managers and multifamily partners. Data indicates that properties offering these solutions see a 3 percentage point increase in on-time payments compared to those that do not. Furthermore, the partnership helps lower turnover costs by increasing the median resident tenure, as tenants are less likely to fall into cycles of late fees and debt. * 2.5% reduction in short-term late rent (up to 30 days). * Lower vacancy rates and reduced collection costs for property owners. * Full rent payments are still delivered to managers on time, regardless of the renter's chosen split schedule. How does Flex support the modern renter journey? Flex acts as a financial technology bridge, processing over $33 billion in on-time payments to date. By partnering with Apartment List, Flex moves from a post-lease utility to a pre-lease decision tool. This shift empowers the 75% of renters who experience unexpected budget strains to choose homes that would otherwise seem financially out of reach due to timing issues. Ff news take: This partnership definitely moves the needle by shifting flexible payments from a "perk" to a core search filter. In an era of volatile gig-economy income and rising housing costs, embedding flexible rent payments into the discovery phase is a brilliant move for user acquisition and retention. It transforms the rental search from a purely aesthetic hunt into a sophisticated financial planning exercise, setting a new standard for the proptech industry. Featured speakers.

Associated Press
Jul 22nd, 2026
Apartment List brings pay-per-lease model to AppFolio Stack Marketplace

Apartment List has integrated its pay-per-lease model into AppFolio Stack™ Marketplace. The integration allows property teams to pay only when a lease is signed, rather than for clicks or leads. AppFolio customers can now access Apartment List through the marketplace, with a self-service setup requiring no additional platforms. The AI-powered matching service connects property teams with renters actively searching for accommodation. The expansion builds on an existing partnership that provides syndication and pay-per-lead marketing through AppFolio Premium Listing Service. Matthew Woods, CEO of Apartment List, said the integration reflects growing demand for leasing solutions that are easier to discover and evaluate within existing systems. Apartment List's platform features more than 7 million rental units and has served millions of renters since 2011.

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