Top 5 Largest Single Family Rental Companies in 2024

Last Updated: February 2024

Single Family Rental (SFR)

The single-family rental (SFR) market in the United States has experienced significant growth in value, drawing the attention of many large companies. Several large and publicly traded companies such as Invitation Homes and American Homes 4 Rent have emerged as key players, helping to shape the landscape of corporately owned single family rental housing. Their impact extends beyond property management, affecting local economies, housing policies, and community development. 

Top 5 Single-Family Companies in United States

Below we delve into the profiles of these top companies, exploring their history, services, and the role they play in shaping the single family rental industry in the United States. These industry leaders are ranked based on factors such as number of properties, revenue, among other things.

1. Invitation Homes

Invitation Homes Key Statistics:

  • Founded: 2012
  • Headquarters: Dallas, Texas, USA
  • Number of Homes: Over 80,000
  • Geographic Reach: Western United States, Florida, and Southeast United States
  • Market Capitalization: Approximately $21 Billion+ (January 2024)

Invitation Homes Inc. is the largest company in the U.S. single-family home rental market. The company is known for its large portfolio of high-quality, updated homes tailored to meet the evolving lifestyle needs of its residents. The company’s properties are strategically situated in desirable locations near employment centers, good schools, and essential transportation links, emphasizing convenience and community. Invitation Homes’ mission, “Together with you, we make a house a home,” underscores its commitment to creating welcoming living spaces and providing exceptional, resident-focused services. With its headquarters in Dallas, Texas, Invitation Homes serves various markets predominantly in the Western United States, Florida, and the Southeast United States.

2. AMH (American Homes 4 Rent)

AMH Key Statistics:

  • Founded: 2012
  • Headquarters: Las Vegas, Nevada, USA
  • Number of Properties Owned: Over 59,000
  • Geographic Reach: Southeast, Midwest, Southwest and Mountain West regions of the United States.
  • Number of Employees: 2,000+

AMH (American Homes 4 Rent) is a significant owner, operator, and developer of single-family rental homes, recognized for its extensive involvement in the residential real estate market. As an internally managed Maryland real estate investment trust (REIT), the company concentrates on acquiring, developing, renovating, leasing, and managing rental properties, with a mission to simplify the leasing experience and bring peace of mind to households nationwide. Recognized for its workplace environment and responsible business practices, American Homes 4 Rent has been acknowledged as a Great Place to Work and a Top U.S. Homebuilder. As of mid-2023, the company owns nearly 59,000 single-family properties spread across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West.

3. Progress Residential

Progress Residential Key Statistics:

  • Founded: 2012
  • Headquarters: Scottsdale, Arizona
  • Number of Homes: Over 85,000
  • Geographic Reach: 30 Metropolitan areas across the U.S.
  • Industry Focus: Single-family rental homes
  • Number of Employees: 1,500+

Progress Residential is one of the largest providers of high-quality, single-family rental homes in the United States. With a portfolio exceeding 85,000 homes across 30 rapidly growing metropolitan areas, the company has modernized the traditional home leasing industry through innovative rental policies and technological integration. Their approach emphasizes customer priority, ensuring a hassle-free rental experience. Progress Residential also stands out for its pet-friendly policies and commitment to fair housing, offering homes that blend quality, safety, and comfort in desirable neighborhoods.

4. FirstKey Homes

FirstKey Homes Key Statistics:

  • Founded: 2015
  • Headquarters: Marietta, GA
  • Number of Single-Family Rental Homes: Approximately 50,000+
  • Geographic Reach: 28 Major Markets Across US Sun Belt States
  • Number of Employees: 1,000+

FirstKey Homes is a notable real estate company specializing in single-family rental homes. Founded in 2015 and headquartered in Marietta, Georgia, FirstKey Homes has established itself as a significant player in the real estate industry, focusing on providing rental homes that offer comfort and quality. With a mission to offer residents a place to call home, FirstKey Homes emphasizes easy access to rental properties, online self-touring, and a streamlined application process. The company stands out for its dedication to creating an unrivaled resident experience, underpinned by strong service and support systems.

5. Tricon Residential

Tricon Residential Key Statistics:

  • Founded: 1988
  • Headquarters: Toronto, Ontario, Canada
  • Number of Single-Family Rental Homes: Approximately 37,000+
  • Geographic Reach: United States Sun Belt and Canada
  • Number of Employees: 1,000+

Tricon Residential Inc. is a distinguished owner and operator of a substantial portfolio, encompassing approximately 37,000 single-family rental homes primarily in the U.S. Sun Belt and multi-family apartments in Canada. Founded in 1988, Tricon has established itself as a major player in the North American residential real estate market. The company is committed to providing high-quality rental housing options and enriches the lives of its employees, residents, and local communities. Tricon’s business philosophy and culture are deeply rooted in its dedication to operational excellence and customer service.

Rating Methodology

Companies are ranked based on portfolio size. Any numerical figures are retrieved from publicly accessible materials, and believed to be accurate as of the last update of this page.

Largest Single Family Rental Property Companies FAQ

Who are the Top 10 Single Family Rental (SFR) Companies in the United States?

The single-family rental market in the United States is a significant and evolving segment of the real estate industry, marked by a few key players who dominate this space. Among them, the top 10 companies are recognized for their extensive portfolios and strategic operations across various regions.

Top 10 Single Family Rental (SFR) Companies:

  1. Invitation Homes
  2. American Homes 4 Rent
  3. Progress Residential
  4. Tricon Residential
  5. FirstKey Homes
  6. BH
  7. Apartment Management Consultants, LLC
  8. FPI Management
  9. Asset Living
  10. Pinnacle Property Management Services, LLC

What Single Family Rental (SFR) Companies are Publicly Traded?

The single-family rental market in the United States includes several publicly traded companies that have made significant impacts in this sector. These real estate stocks and the companies behind them are known for their extensive portfolios and have attracted investor interest, as reflected in their listings on stock exchanges.

Top Publicly Traded Single Family Rental (SFR) Companies:

How Do The Largest Single Family Rental (SFR) Companies Differentiate Themselves?

The largest single-family rental real estate companies in the United States distinguish themselves through various business strategies and operational focuses. Here’s an overview of how some of these companies differentiate themselves:

CompanyDifferentiation Strategy
Invitation HomesFocuses on high-quality homes in desirable neighborhoods, with an emphasis on professional management and customer service.
American Homes 4 RentOffers a wide range of homes with an emphasis on technology integration and sustainable living options.
Progress ResidentialSpecializes in providing homes with modern amenities and a focus on customer satisfaction and community building.
Tricon ResidentialTargets growth in the Sun Belt region with a diverse portfolio including multi-family units, leveraging technology for efficient operations.
FirstKey HomesConcentrates on easy rental processes and resident support, offering homes in various suburban neighborhoods.

Several trends are shaping the growth of major single-family rental companies in the United States. First, there is an increasing demand for flexible housing options, driven by changing demographics and lifestyle preferences. Secondly, advancements in technology are improving single family rental property management efficiency and tenant experiences. Additionally, there is a growing preference for suburban living spaces, especially post-pandemic, as people seek more space and a better quality of life outside of dense urban centers. Finally, economic factors, including rising home prices and mortgage rates, are making home ownership less accessible for many, thus bolstering the rental market.

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