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RealPage · Rent pricing2 min read

Renters to get nearly $360M in rent-pricing software settlement

A federal court approved settlements worth about $360 million over rent-setting software. Renters from 2018 to 2025 may be covered.

By the Dashline deskSource: Hacker News (100+ points)
Renters to get nearly $360M in rent-pricing software settlement
Photo: Blogtrepreneur, CC BY 2.0

A federal court has approved settlements totaling about $360 million in a major lawsuit over RealPage, a software company that helps landlords set rents. If you rented in an apartment building that used its tools between late 2018 and late 2025, you may be part of the group covered.

What the lawsuit claimed

In late 2022 and early 2023, renters filed class-action lawsuits against RealPage and about 50 of the largest apartment owners and operators. They said the software let landlords work together to push rents above what a free market would set. That would break antitrust law, which bans companies from teaming up to fix prices. The cases were combined into one in April 2023.

The money

The settlements came in two waves. In May, 11 landlords reached 14 settlements worth $218 million. In October 2025, 27 landlords reached 26 settlements worth more than $141.8 million. The court approved them in an Oct. 15 filing and called them fair and adequate.

Who is covered

The group includes U.S. renters in multifamily buildings who paid an owner or operator that used any of these RealPage products between Oct. 18, 2018 and Nov. 21, 2025:

  • Revenue Management Solutions
  • Lease Rent Options
  • YieldStar
  • AI Revenue Management

The material does not say how much each renter might get or how to claim a payment. Anyone who may qualify should watch for official notices.

What the landlords agreed to

None of the companies admitted fault. They did agree to stop giving RealPage their nonpublic data for use in its price recommendations. They also agreed to stop using the software in ways that rely on competitors' nonpublic data.

Peter Carstensen, a law professor emeritus at the University of Wisconsin-Madison, said he cannot tell from the decree whether those limits will really stop the firms from coordinating.

What happens next

Five attorneys general, from the District of Columbia, Kentucky, Maryland, New Jersey and Washington, objected. They said the deal could unlawfully restrict their own separate lawsuits. Judge Waverly Crenshaw rejected their request on Oct. 9 but said he would consider their concerns.

The dismissal does not cover defendants who are not part of the settlements. The U.S. Justice Department settled a related 2024 case with RealPage in November 2025. Several state and local lawsuits are still going. Carstensen put it this way: "The federal settlement is what it is, but it's not the final word necessarily."

The takeaway

If you rented in a building using RealPage pricing tools from late 2018 to late 2025, you may be covered, so watch for official settlement notices.

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