RealPage Rent Price Fixing Lawsuit: $359.9 Million Landlord Settlements and Who Qualifies

RealPage sells revenue management software that recommends rents to landlords. The lawsuit, In re: RealPage, Inc., Rental Software Antitrust Litigation (No. II), No. 3:23-md-03071, is a multidistrict litigation (MDL No. 3071) in the U.S. District Court for the Middle District of Tennessee before Judge Waverly D. Crenshaw, Jr.

Renters allege that landlords shared nonpublic data about their rents, occupancy, and leases with RealPage, whose software then used that pooled data to recommend rents, and that landlords followed those recommendations. They say this amounted to an agreement among competitors to raise rents, a form of price fixing barred by federal and state antitrust laws, and that tenants paid more as a result. The software products named are YieldStar, Lease Rent Options, and AI Revenue Management.

RealPage and the landlords deny the claims. They argue landlords set their own rents and that the software only offered recommendations. No court has found that an illegal conspiracy existed.

The $359.9 million landlord settlements

The court preliminarily approved settlements with 41 settling defendants, including Greystar, Camden Property Trust, Equity Residential, Mid-America Apartment Communities, Cortland, Bozzuto, Brookfield Properties Multifamily, Related Companies, Lincoln Property Co., Pinnacle, RPM Living, WinnCompanies, AIR Communities, Avenue5, Bell Partners, and others. If approved, the settlements create a $359,925,000 fund, and the settling defendants also agreed to change business practices. They deny wrongdoing.

The court will hold a fairness hearing on October 15, 2026 to decide whether to grant final approval. No payments will go out until after approval and any appeals. Full details are on our RealPage settlement page.

Claims against RealPage continue

RealPage is not on the list of settling defendants in the class case, and neither are all the landlords that used its software. Renters' claims against the non-settling defendants continue. The settlement notice says class members who do nothing keep the chance to share in future settlements.

The Justice Department and state cases

The U.S. Department of Justice, joined by several states, also sued RealPage and certain landlords in federal court in North Carolina. On November 24, 2025, the DOJ announced a proposed settlement with RealPage that includes no money but limits its software, including a ban on training its models with active lease data (data must be at least 12 months old) and a bar on analyzing geographies narrower than the state level. Under the proposed DOJ consent judgment, RealPage also may not make identical pricing recommendations to different owners in the same market, must change features that limit price decreases or align pricing among competing landlords, and may not run market surveys to gather nonpublic data for pricing recommendations. The proposal needs court approval and includes no finding of wrongdoing. None of this sends money to renters; that can only come from the private class case. On November 18, 2025, California and eight other states announced a $7 million settlement with Greystar, the largest U.S. landlord, which agreed to stop using software from any company that uses competitively sensitive information to align rents and to cooperate against RealPage and other landlords. As of September 2026, the states were still litigating against RealPage, Camden, and Pinnacle, arguing that the federal settlement does not resolve their claims.

The settlement class is everyone in the U.S. and its territories who paid rent on at least one multifamily residential lease directly to an owner, manager, or owner-operator of a property licensed for RealPage's revenue management software, at any time from October 18, 2018 through November 21, 2025.

The key step is checking your building. The official site has a property list you can search by name and address. You do not have to have rented from a settling landlord; renters of any property licensed for RealPage's pricing software during the class period are in the class.

You do not need to still live there. Former tenants who paid rent at a covered property at any point in the class period are included, even if they moved out years ago or now own a home. The class definition requires rent paid on at least one lease at a covered property, so a single short lease counts, though how long you rented may affect how much you receive.

You are likely not covered if you rented a single-family house, lived in a property that did not use RealPage's revenue management software, or paid rent through someone other than the owner or manager (for example, a sublease). The opt-out deadline passed on September 22, 2026, so you cannot exclude yourself now. For how class membership works, see our guide on the rights of a class member.

No one has published a per-renter estimate. Payments will depend on the number of valid claims, the plan of allocation the court approves, and deductions for costs and fees. The official site says there will be no payments at this time and that money will be distributed later if the court grants final approval.

A rough sense of scale: the fund is large, but the class potentially includes millions of renters across many years, so individual payments may be modest. Renters who paid rent at covered properties for more months will likely receive more under a typical allocation plan, but that depends on the final plan.

The fund also pays notice and administration costs, service awards for class representatives, and attorneys' fees, which class counsel may request up to one-third of the fund, subject to the court's decision. Our guide on how class action money is divided explains how allocation plans work.

Additional settlements with RealPage or remaining landlords, if any, could add money later.

The core claim is under Section 1 of the Sherman Act, which bars contracts, combinations, and conspiracies that unreasonably restrain trade. Agreements among competitors to fix prices are among the most serious antitrust violations.

The novel question in RealPage is whether using the same software, fed with competitors' confidential data, can amount to an agreement even without landlords talking to each other directly. Plaintiffs call it a hub-and-spoke conspiracy, with RealPage at the center. Defendants say recommendations are not agreements.

Private antitrust plaintiffs who win can recover three times their actual damages, plus attorneys' fees, under Section 4 of the Clayton Act. That treble damages rule is one reason these cases produce large settlements.

Antitrust class actions often take years. Renter suits were consolidated into MDL No. 3071 in Nashville in 2023, and the first settlements reached preliminary approval in 2026, with claims against RealPage still unresolved. That pace is typical for complex price-fixing cases, where discovery can involve huge volumes of pricing data. See what an MDL is.

States also have their own antitrust and consumer protection laws, which is why state attorneys general are pursuing separate cases.

1. List every apartment you rented between October 18, 2018 and November 21, 2025, with the property name, address, and approximate lease dates. Old emails from leasing offices and your moving records can help reconstruct the list.
2. Check each one against the property list on RealPageRentalSettlement.com. Property names change over time, so search by street address as well as name.
3. Collect proof of rent for each covered property. Acceptable documents include a lease, a renewal letter, a rent ledger, a move-in or move-out statement, renter's insurance proof, a resident portal payment confirmation, a canceled check, a money order receipt, or a bank statement showing rent payments with unrelated lines blacked out.
4. Submit online on the official site, or mail a paper claim form so it is received by January 29, 2027.
5. Save your confirmation and update your address or payment details with the administrator if they change before payments go out.

The official site states that you do not need to sign up with, or pay, another attorney, company, or individual to file a claim. Third-party claim services may take a cut of your payment for work you can do yourself in a few minutes.

If you shared an apartment, each tenant who paid rent directly to the landlord may be a class member. Roommates should each keep their own proof, such as their name on the lease or their own payment records. If one roommate paid the full rent and others reimbursed them, check the claim form instructions or ask the settlement administrator how to handle it.

Claims can be submitted online or received by mail by the January 29, 2027 deadline. If you rented at several covered properties, list each one. Our guide on how to file a settlement claim walks through the process.

1. Search the property list on RealPageRentalSettlement.com for every apartment you rented from late 2018 through November 2025.
2. Gather proof: a lease, renewal letter, rent ledger, portal payment confirmation, or bank statement showing rent.
3. File your claim on the official settlement website by January 29, 2027. Do not pay any third party to file for you; the site warns that you do not need to.
4. Keep your contact information current with the administrator, since payments will come later.

If you have questions about claims against non-settling landlords or a separate claim of your own, independent attorneys who handle antitrust and tenant cases can review your situation. A free case review takes about two minutes. For other housing cost claims, see our pages on security deposit alternative lawsuits and real estate junk fees.