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06 Numbers and Powers

Best Smart Locks for Rental Properties

Card No. 06·14087 · Updated · Standard formula, shown below

For rental properties, the top pick is the Yale Assure Lock 2 with Wi-Fi (or the Z-Wave version if you already use a smart hub). It combines a keypad, built-in Wi-Fi (no extra bridge needed), a physical key override for emergencies, and a straightforward app that lets you create and revoke access codes remotely — exactly what a landlord needs without paying a premium for features tenants won’t use.

What to Look For

Not every smart lock is built for the rental grind. Focus on these criteria:

  • Remote code management: You must be able to create, delete, and schedule codes from your phone, not just at the lock. This is the #1 feature for turnovers.
  • Key override: A physical key slot is essential. If the lock’s electronics die or a tenant’s phone won’t connect, you need a backup that doesn’t require a locksmith.
  • Battery life and low-battery alerts: Look for at least 6 months of battery life and app notifications before the battery dies. Some locks also have external battery terminals (9V or USB) for emergency power.
  • Durability and weather resistance: Exterior locks face rain, sun, and temperature swings. Choose an IP65 or better rating and a metal body, not just plastic.
  • Ease of installation: A standard deadbolt replacement that fits most doors (with adjustable latch) will save you time and money. Avoid locks that require special drilling or non-standard backset sizes.
  • Access logs: Knowing who came and went (and when) is invaluable for disputes, cleaning crews, and maintenance visits. Some locks log the last 10–50 events; others offer full history in the app.
  • Integration: If you already use a property management system or smart hub (Airbnb, SmartThings, etc.), choose a lock that integrates natively. Otherwise, a standalone Wi-Fi lock is fine.

Yale Assure Lock 2 with Wi-Fi

Strengths: Built-in Wi-Fi means no extra hub. The app is clean and reliable. You can set temporary codes (e.g., for a guest) that expire automatically. It fits most standard deadbolts, and the key override is included. Battery life is about 6–8 months with normal use.

Trade-offs: The Wi-Fi version is pricier than the Z-Wave version. The keypad is touchscreen, which can be less responsive in freezing rain. No built-in alarm or door sensor (you can add a separate sensor).

Who it suits: Landlords who want a simple, self-contained solution without a hub, and who are comfortable paying a bit more for convenience.

Schlage Encode Plus

Strengths: Excellent build quality, with a metal body and a responsive touchscreen. It has built-in Wi-Fi and works with Apple Home (HomeKit), which is a bonus if your tenants are iPhone users. The app allows unlimited codes (most locks cap at 20–30). It also has a built-in alarm and door sensor, which can alert you to forced entry.

Trade-offs: It’s one of the most expensive options. The app is less polished than Yale’s, and some users report occasional connectivity hiccups. It’s also heavier, so it may not fit on thin or non-standard doors.

Who it suits: Landlords with a higher budget who want a rugged lock with extra security features and HomeKit compatibility.

August Wi-Fi Smart Lock (4th Gen)

Strengths: Installs over your existing deadbolt — you keep the same key and exterior hardware. This is a huge plus for rentals because you don’t need to rekey or change keys for tenants; you just control the interior side. The app is excellent, with auto-unlock (geofencing) and easy guest access. Battery life is about 3–6 months, and it uses AA batteries (widely available).

Trade-offs: No keypad on the lock itself — tenants must use their phone or a separate keypad (sold separately). This can be a dealbreaker if you have guests who don’t want to install an app. Also, the lock is only on the inside, so if someone breaks a window, they can just turn the thumb turn — unless you enable “Door Sense� and use the lock’s auto-lock feature.

Who it suits: Landlords who want to keep existing keys and hardware, and who are comfortable with phone-based access. Not ideal for short-term rentals where guests expect a code.

Kwikset Halo Wi-Fi Smart Lock

Strengths: Kwikset’s SmartKey technology lets you rekey the lock yourself in under a minute, without a locksmith. This is a game-changer for turnovers — you can hand a new key to the next tenant without changing the lock. It has a built-in Wi-Fi, a backlit keypad, and a key override. The app is straightforward, and it works with Amazon Alexa and Google Assistant.

Trade-offs: The lock is bulkier and the finish can show wear. The app lacks advanced scheduling (you can set temporary codes, but not recurring time windows). Battery life is around 4–6 months, and the low-battery warnings can be inconsistent.

Who it suits: Landlords who value the ability to rekey quickly and cost-effectively, and who don’t need complex scheduling.

Level Lock+

Strengths: It’s the most discreet smart lock — it fits entirely inside your existing deadbolt, so the exterior looks completely normal. This is great for upscale rentals or HOAs that restrict visible tech. It works with Apple Home (HomeKit) and has a key override. The app is simple, and you can still use your existing keys.

Trade-offs: It’s expensive, and installation is more complex because it requires replacing the entire deadbolt interior. The lock is powered by a CR2 battery that lasts about 6 months, but replacing it requires removing the interior assembly. No keypad unless you buy the separate keypad accessory.

Who it suits: Landlords who prioritize aesthetics and stealth, and who have a higher budget. Not the best for high-turnover rentals where you need to manage many codes.

Wyze Lock Bolt

Strengths: This is the budget-friendly option. It’s a keypad deadbolt with Wi-Fi, and it costs significantly less than the others. It offers unlimited codes, scheduling, and access logs. The app is decent, and it works with Alexa and Google. It also has a built-in alarm that can deter intruders.

Trade-offs: The build quality is lower — the body is mostly plastic, and the keypad can be finicky. The lock is not as weather-resistant, so it’s best for covered or interior doors. Battery life is shorter (around 3–4 months), and the low-battery warning may come late.

Who it suits: Landlords on a tight budget who need basic remote code management and don’t mind replacing the lock more frequently.

How to Choose

Start with your budget. If you can afford $200–$300 per door, the Yale Assure Lock 2 or Schlage Encode Plus are the most reliable. If you’re under $150, the Wyze Lock Bolt is the only real option, but accept its limitations.

Next, consider your turnover rate. If you have short-term rentals (Airbnb, VRBO), you need a lock that allows easy, scheduled codes — the Yale and Schlage excel here. For long-term rentals, you might not need scheduling, but you do need the ability to revoke codes quickly when a tenant moves out — all Wi-Fi locks do this.

Think about your tenants. If they’re not tech-savvy, a keypad is essential (August without a keypad is a poor choice). If they’re likely to lose keys, a keyless option with a key override is best. Also, if you have a property manager, you’ll want a lock that supports multiple admins.

Finally, consider integration. If you use a property management platform like Airbnb or VRBO, some locks (like Yale and Schlage) integrate directly, so codes are automatically sent to guests. If you use a smart hub, Z-Wave versions might be cheaper and more reliable than Wi-Fi.

Frequently Asked Questions

Can I use a smart lock on a rental property without Wi-Fi?

Yes, but you lose remote management. You can still use keypad codes, but you’ll have to program them at the lock. Some locks (like Schlage) have a “lockout mode� that disables the keypad if someone enters the wrong code multiple times, which is a safety feature.

Do smart locks work with existing deadbolts?

Most do, but not all. The August lock fits over your existing deadbolt, while others (Yale, Schlage) require replacing the entire deadbolt. Check the backset (2 3/8″ or 2 3/4″) and door thickness (1 3/8″ to 2″) before buying.

What happens if the Wi-Fi goes out?

The lock still works with keypad codes and keys. Only remote access and notifications are affected. Make sure you have a key override for tenants in case the keypad fails.

Can I give my tenant a permanent code and revoke it later?

Yes, with any of these locks. You can set a permanent code for the tenant and delete it when they move out. Some locks also allow you to set a code to expire on a specific date.

Are smart locks secure against hacking?

All of these use encryption and are generally secure. The risk is low, but it’s important to use a strong Wi-Fi password and enable two-factor authentication on your lock account. Physical security (like a reinforced strike plate) is still the most important.

Do I need to change the lock between tenants?

No, you just delete the old tenant’s code and create a new one. If you want to rekey the physical key, the Kwikset Halo is the easiest because you can rekey it yourself in seconds.

Bottom Line

For most rental properties, the Yale Assure Lock 2 with Wi-Fi is the best balance of price, reliability, and remote management. If you have a higher budget and want extra security, the Schlage Encode Plus is a close second. For budget-conscious landlords, the Wyze Lock Bolt is the only viable option under $150. Avoid the August lock unless you’re sure your tenants are comfortable with phone-only access. Whichever you choose, make sure you have a key override and a plan for battery replacement.

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