Best Passive Income Apps to Earn Extra Money

From cash back and rewards points to dividends and REITs, there are numerous ways to earn passive income using only your phone. Here are the best apps for doing just that.

Passive income is seldom 100% passive. But while you have to do something to earn cash or rewards, who said that something has to be difficult?

That’s the beauty of passive income apps. Whether you get paid to invest in portfolios or save money on groceries, it’s possible to earn money outside of your 9-to-5, and do so in a way that requires very little energy or effort.

Although you likely won’t get rich overnight, passive-income earning apps that offer cash payouts can help you build an emergency fund or save up for a financial goal. And those that offer gift card rewards give you extra virtual cash to make purchases you need or ones that don’t fit into your budget.


Key features:

  • Sign up and list your car for free, and use the app with no monthly fees.
  • Get paid via direct deposit within three days after each trip.
  • Receive up to $750,000 in liability insurance coverage with each protection plan.

Let your car pay for its expenses and download the Turo car-sharing app to earn passive income. Considered the world’s largest car-sharing marketplace, Turo lets you list any car that’s no more than 12 years old and doesn’t exceed $150,000 in value. And depending on the vehicle protection plan you choose, you get to pocket 65% to 85% of the total trip price.

To get started, ensure your vehicle fits the requirements. Next, add the necessary information needed to list your car, like make, model, and special features. Once you’ve set a daily rate and are ready for renters, making passive income with your car from there is simple. All you have to do is manage your reservations and wait for Turo to direct deposit your money.


Key features:

  • $0 opening balance and no annual fees.
  • Invest in thousands of stocks with as little as $1.
  • Customize your portfolio with pieces of different companies and funds to reduce risk.
  • Offers commission-free investing in individual companies or ETFs.

If you want to try stock market trading, consider signing up for Robinhood, a commission-free trading app used to trade stocks, ETFs, options, and cryptocurrency. Experts and beginners consider Robinhood a tool that supports portfolios and generates passive income, especially since you can buy and sell stocks for free.

Plus, when you download the app, Robinhood funds your account with free stock that could be worth up to $207. Read our Robinhood review to get a full picture of Robinhood’s features and how it streamlines the process of investing in and buying and selling stocks.



  • Invest in a low-cost, diversified portfolio of real estate.
  • Takes advantage of the premium returns usually seen in private markets to offer improved investment returns for the average investor.
  • Portfolios are built to withstand prolonged periods of economic distress.

Traditionally, the barriers to investing in real estate are significantly high, which is why most people believe you need to have millions in the bank to participate. With Fundrise, people of any income can purchase shares from broad portfolios of real estate assets around the country through their two main products, eREITS and eFunds. In fact, all you need to start earning passive income is $500 to invest in a starter portfolio.

In our Fundrise review, we break down the ins and outs of the website and how you earn passively with this investing platform.

Turn your phone into a money-making machine! Explore the best passive income apps and start earning effortlessly. 

— Kenny Liao

Small income gains are still meaningful

It’s possible to create a consistent stream of passive income with any one of the apps on our list. While using only one passive income app probably won’t pay the bills, using multiple apps can eventually let your hobbies, smartphones, pastimes, and vehicles pay for themselves while you sleep.

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