Research study ·
Student Housing Bed-Level Leasing Review 2026
How student-housing software vendors publicly describe by-the-bed leases, bed and unit assignment, roommate matching, parent and guarantor workflows, academic-year terms and turn season.
Methodology
Research window 2026-09-26 to 2026-09-26
- This is a desk review of public, first-party vendor pages: product pages, vendor blogs and one vendor’s market-analytics posts. It is not a survey of operators, residents or universities, and no software was tested. Every source was read on 2026-09-26.
- Software vendors covered: RealPage, Entrata, Yardi, AppFolio, Rent Manager and StarRez, plus TheGuarantors, a guarantor-replacement provider. These are vendors with public student-housing pages; the list is not a ranking or a complete market survey.
- A capability is reported only as the cited vendor page describes it. Where a cited page names a plan tier, the study says so.
- Vendor pages are marketing. This review does not confirm that a feature works as described, is included in every plan, or is in use at any property.
- Dated posts and stated plans carry their date or status where they are cited.
- One Entrata post from November 2025 summarizes a conference session. It says many of the features it covers were live and more were moving to standard, without saying which.
- Features cited from that post are reported as presented, not as confirmed available.
- Percentages and counts appear only where the cited page states them. Customer testimonials and vendor-reported outcome statistics are excluded.
- Nothing here describes the legal effect of an individual, joint-and-several, guaranty or roommate agreement. Those effects depend on the document and on state law.
Findings
RealPage reports pre-leasing as a share of beds
RealPage’s analytics blog reported in September 2026 that, as of August, 95.9% of U.S. student housing beds were leased for the Fall 2026 semester. [RealPage, read 2026-09-26]
It called this one of the strongest end-of-season readings in a decade, behind only the Fall 2025 record of 96.5%. [RealPage, read 2026-09-26]
The same post says pre-leasing has averaged 93% in August over the past decade. [RealPage, read 2026-09-26]
A 2021 RealPage analysis put the average student housing unit built since 2008 at 2.9 beds, or about 100 units and 300 beds per property. [RealPage, read 2026-09-26]
Vendors describe bed and unit leasing side by side
RealPage says its student property management software works “whether you lease by the bed or by the unit,” and lists by-the-bed billing configurations. [RealPage, read 2026-09-26]
AppFolio’s student housing page describes leasing by the bed or by entire units, and switching between by-the-bed and joint-and-several leasing. [AppFolio, read 2026-09-26]
The same AppFolio page lists student housing capabilities and bulk leasing tools under its Plus plan, and its Max plan includes everything in Plus. [AppFolio, read 2026-09-26]
Yardi says Voyager Student Housing supports joint and several leases as well as standard lease arrangements. [Yardi, read 2026-09-26]
A July 2026 Rent Manager buyer’s guide notes that some portfolios lease only by the bed, while others combine by-the-bed and by-the-unit models. [Rent Manager, read 2026-09-26]
What a by-the-bed lease record carries
Rent Manager’s guide defines by-the-bed leasing as each resident in a shared unit having their own lease agreement, rental rate and billing record. [Rent Manager, read 2026-09-26]
It says the software needs to track individual lease liability per bed, allow different rates for beds in the same unit, and take payments from several residents and their guarantors without merging them into one account. [Rent Manager, read 2026-09-26]
Rent Manager’s student page describes letting roommates pay individually, as one lump sum, or with one resident paying for another, and charging each roommate a different rent or fee structure. [Rent Manager, read 2026-09-26]
How vendors describe bed and unit assignment
Entrata describes a bulk unit assignment board where staff drag and drop residents onto unit spaces; assignment letters are then generated automatically. [Entrata, read 2026-09-26]
A November 2025 Entrata post, summarizing a 2025 Summit session, lists upgrades to that board, including granular permissions, relet placements and “available-on” searches. [Entrata, read 2026-09-26]
AppFolio describes a placement board that shows all future residents, and placing students in beds with roommates who want to share a unit or bedroom. [AppFolio, read 2026-09-26]
RealPage lists roommate matching and unit assignment among the student lifecycle processes its software covers. [RealPage, read 2026-09-26]
Roommate matching: questionnaires, self-selection and agreements
Entrata says operators can match roommates from responses to their own questions about personality, living habits, scholastic information and more. [Entrata, read 2026-09-26]
RealPage says its student living software helps residents connect before move-in for potential roommate matching. [RealPage, read 2026-09-26]
Entrata’s November 2025 post listed, among its 2026 plans, a roommate matching experience inside its Homebody app where students form groups, chat and create roommate agreements. [Entrata, read 2026-09-26] This review did not confirm whether it has been released.
StarRez, whose cited pages center on university housing, describes residents choosing rooms or suites and roommates themselves, with staff tracking completion of roommate agreements. [StarRez, read 2026-09-26]
An undated StarRez blog post, whose text mentions no year later than 2018, described the University of Arizona’s housing office delaying its roommate tools until March. [StarRez, read 2026-09-26]
One reason given was so that students, rather than parents, complete their own profiles. Students there had to complete License Agreement and Rent Down Payment steps before selecting a room. [StarRez, read 2026-09-26]
Parents and guarantors get their own access
Yardi says Voyager Student Housing has preconfigured portals for students, parents and guarantors. [Yardi, read 2026-09-26]
Rent Manager’s student portal lets residents and parents log in to pay online, see outstanding charges and submit maintenance requests. [Rent Manager, read 2026-09-26]
RealPage lists background checks on residents and guarantors, and a resident portal where payments can be made by parent or student. [RealPage, read 2026-09-26]
Rent Manager’s guide says the right software links guarantors to individual student accounts, routes billing communications to them and accepts payments on a student’s behalf. [Rent Manager, read 2026-09-26]
Guarantor replacements, built in or from a separate provider
Entrata’s product page describes Homebody Guaranty as a guarantor waiver in place of a traditional guarantor, for applicants with limited or bad credit history. [Entrata, read 2026-09-26]
It says properties can take coverage from three months up to a full lease value, depending on their needs and risk profile. [Entrata, read 2026-09-26]
Entrata’s November 2025 post says the product is embedded in the Entrata application, for students who can’t self-qualify or secure a traditional guarantor. [Entrata, read 2026-09-26]
TheGuarantors describes a building-wide student waiver that covers all occupied beds against no-shows, skips and more, with the company acting as guarantor for the whole property. [TheGuarantors, read 2026-09-26]
It also offers per-resident rent coverage for residents who lack a guarantor or whose guarantor doesn’t meet standard leasing requirements. [TheGuarantors, read 2026-09-26]
The page’s footer notes that renters usually pay for a lease guarantee policy, though a landlord may pay on the renter’s behalf, and that not every policy is available in every state. [TheGuarantors, read 2026-09-26]
Lease terms follow the academic calendar
Yardi says Voyager Student Housing accommodates nonstandard and custom academic leasing periods, including semesters and quarters. [Yardi, read 2026-09-26]
RealPage describes setting up multiple installment terms, move-in and move-out dates and floorplan styles to cover student leasing scenarios. [RealPage, read 2026-09-26]
Rent Manager’s guide says student leases are tied to academic calendars, not rolling 12-month cycles. [Rent Manager, read 2026-09-26]
An April 2026 Entrata page lists seasonal leasing tied to academic calendars, frequent turnover and short-term leases, and group leasing with roommate coordination as ways student housing differs from multifamily. [Entrata, read 2026-09-26]
Renewals and rate changes
Entrata describes auto-generated or customized renewal offers with bulk sending. [Entrata, read 2026-09-26] Its November 2025 post describes a Renewal Signal that records a resident’s intent to renew as yes, maybe or no. [Entrata, read 2026-09-26]
AppFolio describes bulk renewals for large groups of student residents at the same time, [AppFolio, read 2026-09-26] and bulk tools to update lease terms, set prices and process move-outs. [AppFolio, read 2026-09-26]
Rent Manager describes a Lease Renewal Offer workflow for expiring leases and renewal forms. [Rent Manager, read 2026-09-26]
Entrata’s November 2025 post also describes automatic pricing rebuilds for leases still in the application stage. [Entrata, read 2026-09-26]
When a property-level rate changes, scheduled charges can be rebuilt before posting and an outdated unsigned lease cancelled, so a resident doesn’t sign old numbers. [Entrata, read 2026-09-26]
Move-in and turn season concentrate the work
Yardi says Voyager Student Housing automates workflows including mass move-ins and move-outs. [Yardi, read 2026-09-26]
Rent Manager’s guide calls turn season the most operationally intensive period in student housing, and suggests asking vendors how their software handles it. [Rent Manager, read 2026-09-26]
Rent Manager’s student page describes a Make Ready Board with color-coded statuses for assigned apartments, and move-in and move-out wizards. [Rent Manager, read 2026-09-26]
Entrata’s November 2025 post credits Facilities Pro with a Turn Dashboard that tracks progress by vendor, category, space option and unit type, plus a Make Ready Board. [Entrata, read 2026-09-26] This review did not check how Facilities Pro is packaged.
A June 2024 Entrata post, summarizing an operator webinar, said use of its bulk move-in and move-out tools had declined, with users finding it more efficient to process move-ins individually. [Entrata, read 2026-09-26]
The post said the bulk tools were still supported at the time. It also describes a move-in scheduler that shows residents available dates and times, based on a schedule the property sets. [Entrata, read 2026-09-26]
Analysis of the sourced findings above
What the public pages leave open
The vendors use different words for what gets assigned: AppFolio writes about placing students in beds, Entrata about unit spaces and space options, RealPage about unit assignment, and StarRez about rooms and suites.
RealPage and Rent Manager use bed language mainly for leasing and billing. Rent Manager’s Make Ready Board refers to assigned apartments.
In these pages, guarantor handling shows up in three ways: screening guarantors, giving a parent or guarantor portal and billing access, and guarantee products that replace the personal guarantor.
Those products come under the software vendor’s own brand, as with Entrata’s Homebody Guaranty, or from a separate provider, as with TheGuarantors.
None of the pages cited here explains what happens to shared charges when one roommate on a joint-and-several lease leaves.
None says whether a guarantor’s obligation covers one bed or the whole unit, or how many beds a bulk action can process.
Confirming those details takes the vendor’s documentation or a demo, and the lease and guaranty documents themselves.
Several sources are dated: the beds-per-unit figure is from 2021, the move-in post is from 2024, and the StarRez post mentions no year later than 2018.
Entrata’s November 2025 post says some of the features it covers were still moving to standard, and its roommate matching feature in Homebody was then a stated 2026 plan.
Limitations
- Vendor pages change without notice. A feature named here may be plan-dependent, renamed, retired or not yet released; confirm with the vendor before relying on it.
- Coverage is limited to the pages cited. Gated help centers, API documentation, brochures behind forms, contracts and other vendors were not reviewed.
- Plan tiers are noted only where a cited page lists them. Other vendors’ packaging and pricing were not reviewed.
- Features cited from Entrata’s November 2025 post were presented at a conference. The post says some were not yet standard, and this review did not confirm which are available now.
- Market figures come from one vendor’s analytics blog, one of them from 2021, and were not independently checked.
- The one university practice described comes from an undated vendor blog post whose text mentions no year later than 2018. It may no longer be current.
- State law on individual and joint-and-several leases, guaranties, deposit alternatives and roommate agreements is not summarized. This is not legal, tax or financial advice; have counsel review lease and guaranty terms for your state.
- Guarantor-replacement products carry their own policy terms and state availability. This review does not evaluate their cost, coverage or suitability.
Sources
- RealPage: Student Housing Pre-Leasing Finishes Near Record Highs for Fall 2026 (analytics blog, September 2026)vendor page · read 2026-09-26
- RealPage: These States Have the Most Beds Per Student Housing Unit (analytics blog, November 2021)vendor page · read 2026-09-26
- RealPage: Property Management for Studentvendor page · read 2026-09-26
- RealPage: Renter Engagement for Studentvendor page · read 2026-09-26
- Entrata: Student Housing Management Softwarevendor page · read 2026-09-26
- Entrata: Entrata Student: What’s New, What’s Next (vendor blog, November 2025)vendor page · read 2026-09-26
- Entrata: Student Turn Strategies that Drive Efficiency (vendor blog, June 2024)vendor page · read 2026-09-26
- Entrata: What Is Student Housing Property Management Software for Large Portfolios? (vendor page, April 2026)vendor page · read 2026-09-26
- Entrata: Homebody Guarantyvendor page · read 2026-09-26
- Yardi: Voyager Student Housingvendor page · read 2026-09-26
- AppFolio: Student Housing Property Management Softwarevendor page · read 2026-09-26
- AppFolio: Student Housing Property Managementvendor page · read 2026-09-26
- Rent Manager: Student Housingvendor page · read 2026-09-26
- Rent Manager: Student Housing Property Management Software: What to Look For and How to Choose (vendor blog, July 2026)vendor page · read 2026-09-26
- StarRez: Room and Roommate Solutionvendor page · read 2026-09-26
- StarRez: What is the Best Timing for Student Housing Application Processes? (vendor blog, undated)vendor page · read 2026-09-26
- TheGuarantors: Student Housingvendor page · read 2026-09-26