A federal court has approved nearly $360 million in settlements resolving a major antitrust case over RealPage’s rent-pricing software. The lawsuits accused RealPage and roughly 50 large apartment owners and operators of using shared, nonpublic competitor data to coordinate rent recommendations and push prices above market levels. The settlement class covers U.S. renters who paid rent at properties using specified RealPage revenue-management products from Oct. 18, 2018, through Nov. 21, 2025. The agreements include $218 million from one group of landlords and more than $141.8 million from another. The companies did not admit wrongdoing, but agreed to stop supplying nonpublic data for RealPage’s pricing recommendations and to stop using the software in ways that draw on competitors’ confidential information.
The court found the agreements fair to the settling class and dismissed claims against the participating defendants, while leaving claims against non-settling parties or alleged co-conspirators intact. Attorneys general from Washington, D.C., and four states argued that the deals could interfere with their separate cases, but the judge rejected their request to block approval. Antitrust expert Peter Carstensen questioned whether the restrictions will prevent coordination in practice and said companies may still find ways to align pricing within the settlement’s limits. The resolution therefore closes the federal class claims against settling landlords but does not end scrutiny of algorithmic rent-setting: a separate Justice Department case against RealPage was settled in 2025, and state and local lawsuits remain ongoing.
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