CoStar Group Launches Apartments.com Ai, Redefining the Future of Apartment Search

Key Terms

artificial intelligence technical

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

conversational ai technical

Conversational AI is technology that allows computers to understand, process, and respond to human language in a way that feels natural and interactive, similar to chatting with a person. It enables machines to hold conversations, answer questions, and assist with tasks automatically. For investors, it matters because this technology can improve customer service, streamline operations, and create new opportunities across many industries.

multifamily data technical

Multifamily data is the collection of measurable information about apartment buildings and other residential rental properties—things like rent levels, vacancy rates, occupancy trends, lease turnover, construction activity, and recent sale prices. Investors use it like a weather report for the apartment market: it helps estimate income potential, spot local demand shifts, assess risk, and make buy/sell decisions based on tangible trends rather than guesswork.

neighborhood intelligence technical

Neighborhood intelligence is the collection and analysis of local-area data—like foot traffic, crime, demographics, real estate trends, and nearby businesses—to paint a practical picture of how a specific community is performing and changing. For investors, it acts like a neighborhood weather report: it helps predict demand, property values, store performance or credit risk by revealing local strengths or problems that broader market data can miss.

pricing insights technical

Pricing insights are the patterns and conclusions drawn from data about how a product or service is priced, how customers respond, and how competitors set their prices. Like a store owner watching which items sell at full price versus on discount, investors use these insights to judge a company's potential revenue, profit margins and competitive strength, because effective pricing often drives earnings and long‑term growth.

matterport 3d tours technical

Matterport 3D tours are interactive, three-dimensional digital replicas of physical spaces created with specialized cameras and software that let viewers move through a property online as if walking inside. Investors care because these tours make marketing and due diligence faster and cheaper, broaden the pool of remote buyers or tenants, and create recurring revenue or operational efficiencies for businesses that capture, host or analyze digital twins—like a virtual storefront that reaches more customers without extra foot traffic.

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Industry-leading rental marketplace introduces a conversational AI experience that acts as a trusted rental advisor, helping renters discover, compare and evaluate apartments with unprecedented intelligence and personalization

ARLINGTON, Va.--(BUSINESS WIRE)-- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics, today announced the launch of Apartments.com Ai, a transformative new apartment search experience that fundamentally changes how renters discover, evaluate and lease their next home.

Powered by artificial intelligence and built on Apartments.com’s unmatched depth of multifamily data, Apartments.com Ai replaces traditional filters and keyword searches with natural, real-time conversations that feel less like navigating a website and more like working with a deeply knowledgeable rental advisor.

Available to every renter on every Apartments.com visit, Apartments.com Ai understands renter preferences, answers complex questions, compares communities, surfaces relevant recommendations and guides consumers through every stage of the apartment search journey.

Earlier this year, Apartments.com introduced the multifamily industry’s first AI-powered apartment smart search experience. Insights from that launch and extensive consumer testing helped shape the development of Apartments.com AI, creating a more intelligent, personalized and intuitive renter experience.

Renters can simply describe what matters most to them - whether it’s “a quiet apartment near great restaurants and my office,” “a pet-friendly community under $2,000 a month with easy subway access,” or “a luxury apartment with a gym and outdoor space near downtown” and receive highly personalized recommendations tailored to their lifestyle and priorities.

Beyond finding apartments, Apartments.com Ai helps renters evaluate options with greater confidence. The experience can answer detailed questions about properties and neighborhoods, compare similar communities, guide renters through immersive Matterport 3D Tours and rich media experiences, and assist renters with contacting the property.

“Finding an apartment is one of the most important decisions people make, yet the search process has remained largely unchanged for years,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Apartments.com Ai represents a fundamental shift from searching listings to having a conversation with a trusted rental advisor. By combining artificial intelligence with the most comprehensive multifamily data in the industry, we can understand what renters are truly looking for, guide them through their options and help them find a home that fits their lifestyle with far greater speed, confidence and precision.”

Powered by Apartments.com’s industry-leading property information, neighborhood intelligence, pricing insights, professional photography, videos and Matterport 3D Tours, Apartments.com Ai delivers a richer and more informed search experience than general-purpose AI tools.

A major evolution in apartment search, Apartments.com Ai moves beyond traditional listing discovery toward intelligent, conversational guidance that reflects how people actually make renting decisions. The platform continuously learns from renter interactions, building a deeper understanding of consumer preferences and delivering increasingly relevant recommendations over time.

The launch builds on CoStar Group’s broader investment in artificial intelligence-powered real estate experiences. Earlier this year, CoStar Group introduced Homes Ai, an interactive conversational search experience that helps consumers discover homes, explore neighborhoods and evaluate properties through natural dialogue. Together, these innovations reflect CoStar Group’s vision for a new generation of real estate experiences powered by proprietary data, advanced AI and deep consumer engagement.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616473542/en/

Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com

Source: CoStar Group