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Real Estate · head to head

RealPage vs Reonomy

RealPage logo

RealPage

Real Estate

Property management software for multifamily and commercial real estate

From
On request
Rated
-
Full reviewWebsite
Reonomy logo

Reonomy

Real Estate

Commercial property ownership and contact data platform, acquired by Altus Group for roughly $202 million and now sold on unpublished, increasingly enterprise-focused pricing

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: RealPage its revenue management product is the subject of US antitrust litigation alleging it enabled rent price coordination between landlords, which is a material consideration and not a resolved matter; Reonomy pricing is not published, and the sales process has become more enterprise-focused since the Altus Group acquisition, which reportedly makes it less accessible for smaller, self-service buyers than it once was.
  • They diverge on capability: RealPage covers Property accounting, Reonomy covers Ownership records.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which RealPage and Reonomy actually diverge.

Attributes where RealPage and Reonomy differ
AttributeRealPageReonomy
PlatformsWeb, iOS, Android, CloudWeb

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Real Estate).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in RealPage

  • Property accounting
  • Leasing and screening
  • Maintenance
  • Revenue management
  • Resident portal
  • Utility billing

Only in Reonomy

  • Ownership records
  • Transaction history
  • Off-market prospecting
  • Portfolio analysis
  • Contact data
  • Market and property search

What people use each for

The jobs each tool is most often brought in to do.

RealPage

  • Large multifamily portfolios needing one system across leasing and accountingnot Reonomy
  • Operators consolidating property accounting onto a single ledgernot Reonomy
  • Student and commercial housing with specialised billing needsnot Reonomy

Reonomy

  • A broker sourcing off-market deals by identifying and directly contacting property owners matching acquisition criterianot RealPage
  • A lender researching an owner portfolio and financing history before extending creditnot RealPage
  • An investor doing outbound outreach to owners of a specific property type or size in a target marketnot RealPage
  • A firm already using ARGUS Enterprise considering Reonomy for data given the shared Altus Group ownershipnot RealPage

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

RealPage

  • Its revenue management product is the subject of US antitrust litigation alleging it enabled rent price coordination between landlords, which is a material consideration and not a resolved matter
  • Quote-only enterprise pricing with modules billed separately, so total cost is hard to establish up front
  • Implementation is a long project, and migrating portfolio accounting is genuinely disruptive
  • Aimed at large portfolios; small landlords find it far heavier than the problem

Reonomy

  • Pricing is not published, and the sales process has become more enterprise-focused since the Altus Group acquisition, which reportedly makes it less accessible for smaller, self-service buyers than it once was.
  • It is a data and contact-sourcing tool, not a valuation platform, so firms needing DCF modelling still need ARGUS Enterprise or an equivalent separately, even though both are Altus Group products.
  • Coverage and data freshness for ownership and contact information vary by market, and off-market sourcing quality depends on how current that contact data actually is.
  • Shared ownership with ARGUS under Altus Group means a firm concentrating spend with both products has less independent competitive leverage across its CRE software and data budget.
  • As with any owner-contact database, deliverability and accuracy of contact information degrade over time, and there is no independent public benchmark of Reonomy data accuracy to check ahead of purchase.

Pricing, plan by plan

RealPage

On request

No published plan breakdown. See the RealPage review.

Reonomy

On request
  • Reonomy$undefined/year
    • Monthly and annual subscription options, annual saves roughly 30%
    • Pricing not published, increasingly enterprise-focused sales process since Altus Group acquisition
    • Cost scales with data access scope and seats

Which should you pick?

Choose RealPage if

  • You need property accounting.
  • You work on Web, iOS, Android, Cloud.
  • You also want leasing and screening.
RealPage review

Choose Reonomy if

  • You need ownership records.
  • You also want transaction history.
Reonomy review

Questions people ask

Is RealPage or Reonomy better?
Neither clearly leads. RealPage starts at On request and Reonomy at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, RealPage or Reonomy?
RealPage starts at On request and Reonomy at On request.
Does RealPage or Reonomy run on more platforms?
RealPage runs on Web, iOS, Android, Cloud. Reonomy runs on Web.
What is RealPage best used for?
RealPage is most often used for large multifamily portfolios needing one system across leasing and accounting, operators consolidating property accounting onto a single ledger, student and commercial housing with specialised billing needs. Of those, large multifamily portfolios needing one system across leasing and accounting and operators consolidating property accounting onto a single ledger are not what Reonomy is typically brought in for.
What can RealPage do that Reonomy cannot?
RealPage covers Property accounting, Leasing and screening, Maintenance, Revenue management. Reonomy covers Ownership records, Transaction history, Off-market prospecting, Portfolio analysis.

Answered from the vendors’ own pages

RealPage: What does RealPage cost?

Pricing is quoted per portfolio with modules billed separately, and is not published.

Reonomy: Who owns Reonomy?

Altus Group, which acquired it in November 2021 for roughly $202 million; it sits in the same portfolio as ARGUS Enterprise.

RealPage: What is the antitrust case about?

US litigation alleges its revenue management product facilitated rent price coordination among landlords using shared market data. It is ongoing, and anyone evaluating the product should follow it.

Reonomy: Is Reonomy the same as CoStar?

No. Reonomy focuses on ownership, contact and off-market sourcing data; CoStar is broader, covering listings, lease comparables and market analytics at larger scale.

RealPage: Is it suitable for a small landlord?

No. It targets large multifamily and commercial portfolios, and the cost and implementation assume that scale.

Reonomy: Is pricing available online?

No. Reonomy offers monthly and annual subscriptions with roughly 30% savings annually, but exact rates require a quote.

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