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Direct pro rata cash distributions based on the total amount of rent paid during the class period, estimated overcharge percentages, and total valid claims submitted.
If you rented an apartment in the United States anytime between October 2018 and November 2025, you may be eligible to claim a cash payout from a series of class action settlements totaling more than $359.9 million. The multidistrict litigation alleges that dozens of major property management companies conspired to illegally inflate rental rates using algorithmic pricing software provided by RealPage, Inc. Affected tenants have until January 29, 2027, to file a claim and receive compensation.
Finding affordable housing has become increasingly difficult for everyday people across the nation. A massive multidistrict class action lawsuit (In re RealPage, Inc., Rental Software Antitrust Litigation (No. II), Case No. 3:23-md-03071, filed in the U.S. District Court for the Middle District of Tennessee) alleges that large landlords made the problem worse by taking part in an unlawful price-fixing scheme.
According to the lawsuit, a long list of property management firms colluded by sharing sensitive, non-public pricing and occupancy data with RealPage. In return, RealPage’s algorithmic software—including its Revenue Management Solutions, Lease Rent Options, YieldStar, and AI Revenue Management systems—generated artificial, inflated rent recommendations.
Plaintiffs allege that instead of competing against one another for tenants, participating property managers worked together using these algorithms to keep rental rates unnaturally high, resulting in overcharges and fewer affordable options for renters nationwide.
To settle these claims, 37 separate agreements totaling $359,925,000 have been reached with 41 major property management entities. While these settling companies deny any illegal conduct or wrongdoing, they agreed to create the multi-million-dollar fund to resolve claims against them. The broader litigation continues against RealPage and non-settling corporate defendants.
You may be eligible to submit a claim for a cash payment if you paid rent on a residential lease in the United States or its territories between October 18, 2018, and November 21, 2025.
To qualify, your lease must have been directly with an owner, property manager, or owner-operator for a unit that was subject to a license for RealPage pricing software. This includes properties utilizing RealPage’s YieldStar, Lease Rent Options, AI Revenue Management, or Revenue Management Solutions platforms.
A wide array of major corporate property management organizations are included in these settlements, such as:
Greystar Management Services, LLC
Lincoln Property Co.
Equity Residential
Mid-America Apartment Communities, Inc.
Avenue5 Residential, LLC
Bozzuto Management Co.
Cortland Management, LLC
FPI Management, Inc.
Trammell Crow Residential Co. / Crow Holdings, LP
…and dozens of other major management groups across the country.
If you are unsure whether your former or current apartment complex participated in RealPage pricing algorithms, you can check the searchable directory of affected properties available on the court-approved settlement website. The administrator notes that even if your specific building isn’t explicitly listed yet, you may still qualify if your property manager utilized the software during the relevant timeframe.
The combined settlement pool totals $359,925,000. However, the exact amount paid to each individual tenant will depend on several key factors, including the total amount of rent you paid during the class period, estimated overcharge calculations, and the total number of valid claims filed nationwide.
Cash distributions will be calculated on a pro rata basis. This means that tenants who paid higher amounts of rent over longer durations during the coverage window will receive a larger portion of the net recovery pool.
The funds will be distributed after the court grants final approval to the agreements, all administrative costs and legal expenses are deducted, and any pending legal appeals are resolved.
The fundamental law at the center of this lawsuit is the Sherman Antitrust Act of 1890, alongside various state-level consumer protection and antitrust statutes. Federal antitrust laws exist to ensure fair competition in the marketplace and protect consumers from corporate collusion.
When competing businesses agree to share sensitive financial data or align their prices, they eliminate the natural market forces that keep goods and services affordable. In a fair market, landlords must lower prices or offer concessions when demand slows to attract tenants.
When corporate property managers delegate their pricing decisions to a centralized algorithm fed with competitors’ data, it can produce an artificial floor for rental costs.
Antitrust litigation allows everyday consumers to band together and confront large corporate entities when unlawful market practices inflate the cost of basic necessities like housing. By enforcing federal antitrust laws through class actions, renters can hold corporations accountable and reclaim money lost to unfair market manipulation.
Filing a claim for your portion of the $359.9 million settlement is straightforward and can be completed online or by mail. You do not need to hire a private attorney to participate in this settlement.
To complete your claim, follow these steps:
Visit the Official Settlement Website: Go to RealPageRentalSettlement.com to access the official filing portal.
Locate Your Notice Details: If you received a notice in the mail or via email, enter the Notice ID and Confirmation Code provided. If you did not receive a direct notice, you can still complete the standard claim form online.
Provide Lease Details: Fill in the requested details regarding your lease terms, including the address of the rental property, the dates you lived there between October 18, 2018, and November 21, 2025, and the names of the leasing entities.
Submit Hard Copy Forms (If Preferred): If you prefer to submit paper documents, you can download a PDF version of the claim form, print it, fill it out, and mail it to the settlement administrator.
It is vital to monitor key dates so you do not miss your opportunity to participate in this recovery:
Claim Submission Deadline: All online claims must be submitted, or paper forms postmarked, no later than January 29, 2027.
Final Approval Hearing: The court has scheduled a hearing for October 15, 2026, to decide whether to give final approval to the settlement agreements.
Payouts will begin processing only after the court approves the deals and any potential appeals are cleared.
Don’t stand alone when dealing with large corporate landlords. If you believe your rights were violated by unfair rental pricing practices or want to explore your legal options, you can connect with an experienced attorney to review your situation. There is no cost or obligation to reach out and learn how consumer protection laws can work for you.
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