Realpage rent-pricing antitrust lawsuit wraps with nearly $360M heading to renters
A federal court just approved settlements totaling nearly $360 million in rent-fixing lawsuits.
The short version
- RealPage, a software provider, and major landlords faced claims of using algorithms to inflate prices.
- Renters who paid participating landlords between 2018 and 2025 qualify for payouts.
Why it matters to you. If you rented from a major property manager during those years, watch for notices on how to claim your share of the payout.
Check your old lease records if you rented an apartment in recent years. A major federal antitrust lawsuit over algorithmic rent-setting via RealPage, which provides rental software tools to landlords, has wrapped up with nearly $360 million in settlements for renters. The court approved the final agreements in the U.S. District Court for the Middle District of Tennessee, Nashville Division.
Back in late 2022 and early 2023, renters filed a slew of class-action lawsuits against Realpage and about 50 of the largest apartment owners and operators. The suits alleged that the Richardson, Texas-based software provider enabled landlords to collude and raise rent prices beyond free-market levels.
Settlement agreements came in waves, with 11 defendant landlords reaching 14 class settlements in May for $218 million, followed by 27 landlords with 26 settlements worth more than $141.8 million. The settlement class includes U.S. multifamily renters who paid any owner or operator on a property using Realpage software at any time between Oct. 18, 2018, and Nov. 21, 2025.
None of the companies admitted fault or liability. However, they agreed to stop providing Realpage with their nonpublic data for pricing recommendations. Attorneys general from several states fought the agreements, but a judge denied their requests to block them.
