RealPage Rent Price-Fixing Lawsuit: What Renters Need to Know

If you've rented an apartment in the last several years and your rent kept going up no matter what, there might be a reason for that. And it's not just the market.

A massive class action lawsuit alleges that RealPage, a Texas-based software company, helped some of the country's biggest landlords coordinate rent prices using an algorithm called YieldStar. Instead of competing with each other to attract renters, these property management companies allegedly fed their private pricing data into the same system — and followed its recommendations to keep rents high.

The result, according to the lawsuit, is that millions of renters across the U.S. paid an estimated 5% to 7% more in rent than they would have in a competitive market.

The Department of Justice sued RealPage in August 2024, and later expanded the case to include six major property management companies. RealPage settled with the DOJ in November 2025, agreeing to three years of court-appointed monitoring and restrictions on how it collects and uses landlord pricing data. The company did not admit wrongdoing.

On the class action side, courts have preliminarily approved 26 settlements with 27 defendants totaling $141.8 million. Greystar, the country's largest apartment landlord, is paying $50 million — the largest single payout. Mid-America Apartment Communities (MAA) settled separately for $53 million in January 2026. And the list of settling companies keeps growing.

The defendants include some of the most recognizable names in property management: Greystar, Equity Residential, Camden Property Trust, Lincoln Property Co., Bell Partners, Bozzuto, Avenue5, and dozens more. Over 50 companies have been named in the litigation.

Who's Eligible

If you signed a lease for an apartment or rental unit between October 18, 2018 and November 21, 2025, and your property was managed by a company that used RealPage's revenue management software, you may be part of the class.

You don't need to prove you personally overpaid. Class membership is based on renting from a property that used the software during the class period.

What You Could Get

The claims process hasn't opened yet. The court still needs to approve a notice plan and distribution plan before renters can start filing. But $194+ million is already on the table across all settlements, and that number could keep climbing as more companies settle.

What To Do Right Now

The claims process is not open yet, but it could open soon. When it does, you'll want to know about it.

Download ClassyAction to get notified when the claims process opens and to find out if your building was managed by one of the defendants.