NASHVILLE, TN — Millions of apartment renters across the United States could be eligible for money from a class action settlement tied to claims that a rental pricing software company helped landlords push rent higher. The deal totals $359,925,000 and covers renters who paid rent at a multifamily property that used RealPage’s pricing software between Oct. 18, 2018, and Nov. 21, 2025.
The case is pending in the U.S. District Court for the Middle District of Tennessee. According to the settlement notice, the defendants deny the allegations and say they have valid defenses. Renters can check whether their building appears on the property list at RealPageRentalSettlement.com.
What The Claims Say
Plaintiffs say RealPage and dozens of major property management companies used software products including Lease Rent Options, YieldStar and AI Revenue Management to share nonpublic competitive data and coordinate rent increases. They argue that practice violated federal and state antitrust laws and left renters with fewer housing choices and higher bills.
The settlement agreement says the defendants will pay the money into a fund for eligible renters. After taxes, administration costs and attorneys’ fees are deducted, the remaining amount will be divided based on rent paid during the class period, meaning people who paid more rent may receive a larger share.
Why The Deal Matters
Beyond the cash fund, the settling defendants agreed to stop sharing nonpublic pricing data with RealPage, waive arbitration clauses against class members and cooperate with remaining litigation against defendants that have not settled. Those terms are part of what makes the agreement broader than a simple payout to renters.
The class period runs from late 2018 through late 2025, a stretch that overlaps with sharp rent increases in many places and intense scrutiny of pricing software in the housing industry. The settlement notice says government entities, property owners and people with a controlling interest in a RealPage-licensed entity are excluded from the class.
Deadlines And Next Steps
People who think they qualify have three key dates to watch. The deadline to opt out or file an objection is Sept. 1, 2026. The fairness hearing is set for Oct. 15, 2026, at 1 p.m. CT in Nashville, and the deadline to file a claim is Jan. 29, 2027, at 11:59 p.m. EST.
Claimants can submit forms online or by mail after checking the property list and gathering records such as a lease, bank statements, canceled checks or resident-portal payment confirmations. The settlement administrator says no payments will be issued until the court grants final approval, and renters can get more information by phone, by mail or in Spanish through the settlement website.
More on what homes, rents and new builds are doing near you, on RHS Commoner.
