RealPage rental pricing software settlement reached over alleged rent inflation
A class action settlement was preliminarily approved requiring approximately 40 rental property owners and management companies, along with RealPage Inc., to pay $360 million to renters who lived in properties using the company's pricing software from 2018 to 2025. The defendants denied wrongdoing, and the court has not determined the core allegations, with final approval and payment distribution still pending.
What happened
A class action lawsuit alleged that about 40 rental property owners and management companies used RealPage Inc.'s pricing tools to inflate rent prices between October 18, 2018, and November 21, 2025.
The tools included Revenue Management Solutions, Lease Rent Options, YieldStar, and AI Revenue Management.
Reported impact
Renters across the United States and its territories who paid rent at properties using RealPage software during the settlement period may have been affected.
Governance controls
A federal judge gave initial approval to a proposed $359,925,000 settlement in August 2026.
All settling defendants have denied wrongdoing, and the court did not rule on the allegations.
Classification
Sources and evidence
This record was researched and written by the Index, based on the following original reporting.