The Average Salary of a Resident Manager of an Apartment Complex

A resident manager of an apartment complex is a manager that handles leasing, oversees office and maintenance staff, and maintains inventory for services offered by the complex. These occupations are also referred to as apartment manager and property manager.

Salary Determination

Salary ranges are determined based on experience, and the number of units in an apartment complex. Many employers have one manager oversee several apartment properties if the apartment units are under 200.

Geography

Salaries can also vary depending on the region or metropolitan area the apartment complex is located. Larger cities and higher cost of living areas pay higher wages.

Large Metropolitian Areas

In cities such as Boston, Chicago and Los Angeles, Indeed.com lists average salaries from $56,000 to $63,000 per year for these occupations, and New York City averages $71,000 per year, as of January 2010.

Subsidized Housing

In January 2010, Indeed.com lists a national average salary of $39,000 per year for a resident manager in subsidized apartment complexes.

Large Complexes

Indeed.com lists an average salary of $49,000 per year for resident managers in apartment complexes with over 500 units, as of January 2010.

References

• Bureau of Labor Statistics: Property, Real Estate, and Community Association Managers
• Indeed.com: Subsidized Resident Manager Salary
• Indeed.com: Large Apartment Complex Manager

Resources

• Indeed.com: Resident Manager Jobs