Nevada Settles With RealPage Over Algorithmic Rent Price Fixing Allegations
Nevada settled a lawsuit with RealPage over allegations that its revenue management software enabled apartment managers to collude on rental prices, reducing competition and raising rents. RealPage denied wrongdoing but agreed to pay $200,000 to Nevada, implement algorithmic restrictions, and submit to compliance monitoring.
What happened
RealPage Inc., a Texas-based software company, faced allegations that its revenue management software used algorithms that enabled apartment managers to align rental prices and reduce competition in Nevada. Nevada Attorney General Aaron Ford filed a lawsuit and announced a settlement on September 19, 2025, the same day the lawsuit was filed.
RealPage denied the allegations but agreed to settle to avoid litigation costs and distraction. The company stated that its solutions had been legally compliant and had been reviewed by antitrust counsel and the U.S. Department of Justice in 2017 without objection.
Reported impact
The algorithmic pricing scheme allegedly harmed renters by allowing rental rates to rise in Nevada as a result of reduced competition among landlords using the platform.
Index analysis
Nevada's settlement required RealPage to implement practical limitations on its use of nonpublic data when calculating rent recommendations for Nevada clients. The company agreed to aggregate and age nonpublic data by at least three months and submit annual attestations proving software compliance.
The settlement is the first in the United States regarding RealPage allegations. A clause in Nevada's settlement provides that if other settlements from concurrent litigation yield greater pro rata monetary relief, RealPage must make supplemental contributions to Nevada to maintain fairness.
Governance controls
RealPage agreed to maintain an antitrust compliance program with training for revenue management personnel and to retrain employees. The company accepted state investigations to verify compliance with the agreement.
RealPage will pay $200,000 to Nevada for use by organizations providing rental assistance and relief to low-income residents.
Classification
Sources and evidence
Sources not yet published
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