A compiled reference of 24 verified statistics on what long-term rental property management costs. It covers the monthly management fee, the tenant placement fee, the smaller charges that stack on top, three real published price sheets, what the 2026 industry surveys say, and how the market is structured. Every figure names its source (iPropertyManagement's 722-branch fee study, the DoorLoop and All Property Management fee guides, published pricing from Belong, Good Life, and Mynd, AppFolio's 1,617-manager survey, Buildium's 2026 industry report, IBISWorld, and HUD's fee schedule) and was independently checked before publishing. Short-term rental management is priced completely differently; that world is covered in our vacation rental management fee report.
Key statistics
6 highlights from this report
Key statistics
Key takeaways
Long-term rental management is priced as a stack: a monthly percentage, a placement fee when a tenant moves in, and a la carte charges for renewals, setups, and inspections. The pieces look small until you add them. On the average rent, the first year of full-service management runs about $2,800.
The average property management fee is 8.49% of monthly rent.
Tenant placement averages 70.6% of a month's rent when bundled with management.
Fee guides agree on 8% to 12% of rent, with 10% the most-quoted benchmark.
A property inspection is a priced line item: $106.72 on average.
The top 20 management companies hold just 7.15% of US rented homes.
56% of owners hire a property manager mainly for maintenance support.
How we built this report
Every figure was compiled in August 2026 from named public sources and verified against the original before publishing.
- Compiled from primary sources
A measured fee study with a stated sample, current fee guides, companies' own published price sheets, two 2026 industry surveys with named sample sizes, and market research.
- Only explicitly stated figures
We include only numbers a named source states directly, and attribute each one inline where it appears.
- Disagreements shown, not averaged
Where sources give different numbers, we show both rather than blending them into a false single figure.
- Independent review
Written by one co-founder, reviewed by the other before publishing.
A note on reading these numbers. The most-cited figure in this space, the 8.49% average, comes from a study last updated in September 2022; we date it honestly because most pages that quote it do not. The 2026 fee guides and surveys are current. Company price sheets are the companies' own advertised rates and can change. This page covers long-term rentals only. Confirm any figure against the named source before relying on it.
Property management fees, by the numbers
All 24 figures, grouped by theme. Each one names its source and was independently verified.
The monthly management fee
The only measured study of this market comes from iPropertyManagement (ipropertymanagement.com), which surveyed 722 branches of 669 companies across 80 metro areas in 31 states; it was last updated in September 2022. Two current guides, DoorLoop (doorloop.com) and All Property Management (allpropertymanagement.com), give today's working ranges.
Statistic 1
Property managers charge an average management fee of 8.49% of the total monthly rent. The sample: 722 branches from 669 corporations across 80 metro areas.
iPropertyManagement fee study (last updated September 2022)
Statistic 2
75.3% of companies charge a percentage of rent. The lowest advertised rate found was 3.75% and the highest was 14.0%.
iPropertyManagement fee study (last updated September 2022)
Statistic 3
Companies that charge a flat fee instead average $101.04 per unit per month, with advertised rates from $49 to $250.
iPropertyManagement fee study (last updated September 2022)
Statistic 4
The current guides agree on the range. DoorLoop says fees typically run 8% to 12% of monthly rent collected, with 10% the most commonly cited benchmark. All Property Management gives the same 8% to 12% for single-family homes and small multifamily.
DoorLoop and All Property Management fee guides (2026)
Statistic 5
The state spread is wide. In the iPropertyManagement sample, New Mexico averaged 9.79% of collected rent, while Wisconsin averaged 7.10% and California 7.44%.
iPropertyManagement fee study, state samples
Statistic 6
HUD's 2021 field-office fee schedule prices management per unit per month: $93.58 in Los Angeles, $92.19 in Boston, $84.61 in New York, and $53.30 in Detroit.
HUD field-office management fee schedule (2021), as reproduced by iPropertyManagement
What this means: Three independent anchors, one story. The measured average is 8.49%, the guides say 8 to 12, and HUD's own schedule works out to similar per-unit dollars. A manager quoting inside that band is quoting the market. Vacation rental management is a different market entirely, at far higher commissions; see our vacation rental management fee statistics.
The rest of the fee stack
The monthly percentage is only the base. iPropertyManagement (ipropertymanagement.com) measured the add-on fees, and the current guides corroborate the ranges.
Statistic 7
Tenant placement averages 70.6% of a month's rent when bundled with management services, and 81.8% when bought on its own.
iPropertyManagement fee study (last updated September 2022)
Statistic 8
The working range for placement is 50% to 100% of one month's rent, or a flat fee of $500 to $1,500.
All Property Management fee guide (2026)
Statistic 9
Lease renewals cost an average of $231.77 among companies that charge a flat renewal fee, with advertised fees from $32 to $1,000. Companies that charge a percentage average 30.33% of a month's rent.
iPropertyManagement fee study (last updated September 2022)
Statistic 10
Setup fees average $185.24 per contract, with advertised fees from $45 to $850. All Property Management's current guide puts typical onboarding at $100 to $350.
iPropertyManagement fee study; All Property Management guide, shown separately
Statistic 11
Property inspections are a priced line item: an average of $106.72 each, a median of $182.50, and advertised fees from $15 to $350.
iPropertyManagement fee study (last updated September 2022)
Statistic 12
Maintenance carries a markup. All Property Management says 10% to 15% is typically added to contractor invoices, or $20 to $45 per hour for coordination. Mynd's guide says many managers add 10% to 25%.
All Property Management and Mynd fee guides, shown separately
What this means: Stack it on the average 2024 rent of $1,521 and the first year of full-service management runs about $2,800: roughly $1,550 in monthly fees at 8.49%, a $1,074 placement fee at 70.6%, and a $185 setup fee. That is about 15% of first-year rent, which is the honest number to compare against self-managing.
Three real price sheets
Averages hide the models. These are three companies' own advertised prices, from their own pages, as of August 2026. They are marketing pages, so read them as each company's best case.
Statistic 13
Belong advertises 5% of monthly rent with no minimum, leasing at 55% of the first month's rent, renewals at 20% of rent with a $599 minimum, and free setup and inspections.
Belong published pricing (2026, company-advertised)
Statistic 14
Good Life Property Management in San Diego advertises 8% monthly for 1 to 4 units and 7% for 5 to 15, leasing at 25% of one month's rent, $195 renewals, $150 annual inspections, and no setup fee.
Good Life Property Management published pricing (2026, company-advertised)
Statistic 15
Mynd advertises flat-rate pricing starting at $79 per month in select markets. Its guide puts the typical flat model elsewhere at $100 to $200 per unit per month.
Mynd published pricing and fee guide (2026, company-advertised)
What this means: The models compete on different lines. One discounts the monthly percentage, one discounts placement, one goes flat. An owner comparing quotes should price the whole first year, not the headline percentage, because the stack in group 2 is where quotes diverge.
What the 2026 surveys say
Two large surveys cover the people setting these fees. AppFolio (appfolio.com) surveyed 1,617 US residential property management professionals from September 26 to November 3, 2025. Buildium (buildium.com) published its 2026 industry report the same season. Both companies sell software to the industry they survey.
Statistic 16
81% of property managers report a positive outlook for the year, and 77% expect to increase their unit counts.
AppFolio benchmark survey, 1,617 professionals (2026)
Statistic 17
Firms that have broadly adopted AI expect 31% portfolio growth, well over double the 12% expected by firms that have not. 55% call vacancy the top threat to income, and 56% faced application fraud in the last year.
AppFolio benchmark survey, 1,617 professionals (2026)
Statistic 18
AI adoption jumped from 20% of property management companies in 2024 to 58% in 2025, but only 8% have fully automated any process.
Buildium, 2026 property management industry report
Statistic 19
75% of property managers plan to grow in 2026, but only 55% actually expanded in 2025. 56% of owners say maintenance support is the main reason they hired a manager, and 75% of managers reported an increase in rental fraud.
Buildium, 2026 property management industry report
What this means: Owners buy management to make maintenance someone else's problem, and managers are betting on technology to deliver it profitably. The fee stack above is what funds that promise; the surveys show who is executing on it.
The market behind the fees
Two trackers size the industry differently, so we show both. IBISWorld (ibisworld.com) counts 2026; iPropertyManagement's industry statistics page counts 2024. The structure is the same in both: enormous and fragmented.
Statistic 20
US property management is a $139.9 billion industry with about 340,000 businesses in 2026, per IBISWorld.
IBISWorld, property management industry research (2026)
Statistic 21
iPropertyManagement counts 304,000 property management businesses as of 2024, of which 238,000 are residential, with residential work producing 84.6% of industry revenue.
iPropertyManagement industry statistics (updated September 2024)
Statistic 22
The 20 largest companies manage 3.227 million rental units, just 7.15% of the country's 45.155 million rented homes. The single largest manages 798,272 units.
iPropertyManagement industry statistics (2024)
Statistic 23
More than 80% of property managers coordinate or perform maintenance and collect rent and fees. More than 70% perform property inspections.
iPropertyManagement industry statistics (2024)
Statistic 24
The average monthly rent in 2024 was $1,521, and the average asking rent among US apartment listings was $2,016.
iPropertyManagement industry statistics (2024)
What this means: Even the giants hold a sliver of the market, so fees are set by hundreds of thousands of local firms competing on service. Inspections are already a priced deliverable at more than 70% of firms; the condition-documentation work behind them is what our tenant damage statistics report covers from the damage side.
Cite this study
Academic or press use: copy a ready-made reference. RapidEye is the publisher.
Quick FAQ
What is the average property management fee?
The measured average is 8.49% of monthly rent, per iPropertyManagement's study of 722 branches across 80 metro areas, last updated in 2022. Current fee guides put the working range at 8% to 12%, with 10% the most commonly cited benchmark, per DoorLoop. Flat-fee companies average $101.04 per unit per month.
How much is a tenant placement fee?
Placement averages 70.6% of one month's rent when bundled with management, and 81.8% standalone, per iPropertyManagement. The working range is 50% to 100% of a month's rent, or a flat $500 to $1,500, per All Property Management.
What other fees do property managers charge?
Lease renewals average $231.77 as a flat fee, setup averages $185.24, and inspections average $106.72 each, per iPropertyManagement. Maintenance usually carries a markup: 10% to 15% on contractor invoices per All Property Management, and up to 25% per Mynd's guide.
How big is the property management industry?
IBISWorld sizes it at $139.9 billion with about 340,000 businesses in 2026. iPropertyManagement counts 304,000 businesses as of 2024, 238,000 of them residential. The 20 largest firms manage just 7.15% of US rented homes, so the market is extremely fragmented.
Data sources
Every figure on this page traces to one of these named sources, each checked against the original before publishing.
iPropertyManagementFee study, 722 branches (2022); industry statistics (2024)ipropertymanagement.com
DoorLoopProperty management fee guide (2026)doorloop.com
All Property ManagementProperty management cost guidance (2026)allpropertymanagement.com
MyndPublished pricing and cost guide (2026)mynd.co
BelongPublished pricing (2026, company-advertised)belonghome.com
Good Life Property ManagementPublished pricing (2026, company-advertised)goodlifemgmt.com
AppFolioProperty management benchmark survey, 1,617 professionals (2026)appfolio.com
BuildiumProperty management industry report (2026)buildium.com
IBISWorldProperty management industry research (2026)ibisworld.com
US Department of Housing and Urban DevelopmentField-office management fee schedule (2021), via reproductionhud.gov