RealPage $359.9 Million Rent Settlement Gets Final Approval, Who Qualifies and How to Claim by January 29, 2027

On October 15, 2026, Chief U.S. District Judge Waverly D. Crenshaw Jr. granted final approval to settlements totaling $359,925,000 in cash, plus business-practice restrictions and cooperation obligations. The settlements resolve rent-price-fixing claims against 41 landlord and property-management defendants in In re RealPage, Inc., Rental Software Antitrust Litigation (No. II), Case No. 3:23-md-03071, in the U.S. District Court for the Middle District of Tennessee.

For renters, the key facts are that the settlement has final court approval and the claim deadline is January 29, 2027. The judge has not ordered immediate payments. The administrator still has to process claims, calculate shares and obtain court authorization to distribute. The litigation also continues against RealPage, Inc. and the defendants that did not settle. Read the final approval order.

Quick Facts: RealPage Rent Price-Fixing Settlement Final Approval

Case detail	Current information
Case	In re RealPage, Inc., Rental Software Antitrust Litigation (No. II)
Case number	3:23-md-03071 (multidistrict litigation)
Court	U.S. District Court for the Middle District of Tennessee, Nashville Division
Judge	Chief Judge Waverly D. Crenshaw Jr.
Settlement amount	$359,925,000 in cash
Settling defendants	41 landlords and property managers, under 37 settlement agreements
Final approval	October 15, 2026
Allegations	Landlords allegedly used RealPage pricing software and nonpublic competitor data to inflate rents
Class period	October 18, 2018, through November 21, 2025
Claim deadline	January 29, 2027
Exclusion (opt-out) deadline	September 22, 2026 (passed)
Attorneys’ fees approved	$119,975,000 (one-third of the fund)
Minimum distribution	$10 for eligible claims otherwise calculated below that amount
Exact individual payment	Not yet known
Payment date	Not announced
Does this end the case?	No. Claims continue against RealPage and nonsettling defendants

Sources: the official settlement website, the final approval order and the approved plan of allocation.

What Did Judge Crenshaw Approve in the RealPage Settlements?

Judge Crenshaw granted final approval after reviewing the agreements, declarations, class member objections and arguments at the October 15 fairness hearing. The package was negotiated in two groups:

Settlement group	Agreements	Settling defendants	Cash amount	Preliminary approval
Set 1	26	27	$141,800,000	November 21, 2025
Set 2	11	14	$218,125,000	May 22, 2026
Combined	37	41	$359,925,000

The settlements also bar the settling defendants from supplying nonpublic competitor data to RealPage for use in competitor pricing recommendations and from using RealPage software that relies on that data. Most also agreed to cooperate with the plaintiffs as the case continues, and to waive certain arbitration clauses, class action waivers and jury-trial waivers against class members for the covered claims. Each agreement’s terms vary, so the court-approved documents govern.

Does Final Approval Mean Renters Will Be Paid Immediately?

No. Final approval becomes effective only after the appeal period expires without an appeal or any appeal is resolved in the settlement’s favor. Under Federal Rule of Appellate Procedure 4(a)(1)(A), a notice of appeal is generally due within 30 days after judgment. The administrator must then process claims, and the plan requires court authorization before any distribution. Class counsel may also defer distribution until claims against the remaining defendants are resolved so everything can be paid in one consolidated distribution.

Which Landlords and Property Managers Are in the $359.9 Million RealPage Settlement?

The final judgment identifies the settling parties. Some agreements cover several affiliated entities, which is why 37 agreements cover 41 defendants:

• Allied Orion Group
• Apartment Income REIT Corp., doing business as AIR Communities
• Avenue5 Residential
• Bell Partners
• BH Management Services
• Bozzuto Management
• Brookfield Properties Multifamily
• Camden Property Trust
• CH Real Estate Services
• CONAM Management
• Cortland Management
• Crow Holdings and Trammell Crow Residential
• CWS Apartment Homes
• ECI Group
• Equity Residential
• First Communities Management
• FPI Management
• Greystar Management Services
• Highmark Residential
• Kairoi Management
• Knightvest Residential
• Lantower Luxury Living
• Mid-America Apartment Communities and Mid-America Apartments
• Mission Rock Residential
• Pinnacle Property Management Services
• Prometheus Real Estate Group
• The Related Companies and Related Management
• Rose Associates
• RPM Living
• Sares Regis Group Commercial
• Security Properties Residential
• Sherman Associates
• Simpson Property Group
• Thrive Communities Management
• Willow Bridge Property Company, formerly Lincoln Property Co.
• Windsor Property Management
• WinnCompanies, WR GP and WinnResidential Manager Corp.

Renting from one of these companies does not by itself qualify you. A company can manage many properties, and eligibility turns on whether your specific building was covered. Check your address in the official property lookup.

We have covered two of these settlements separately: Camden Property Trust $53M Rent Price-Fixing Settlement, Are You Eligible for a Payment? and Equity Residential $56M RealPage Settlement, Check If You Were Overcharged So You Can Claim Your Share.

Who Qualifies for the RealPage Rent Settlement?

The settlement class generally covers people and entities in the United States and its territories that paid rent directly to an owner, manager or owner-operator for at least one multifamily residential lease at a property licensed for one of these RealPage systems during the class period:

• Revenue Management Solutions (RMS)
• Lease Rent Options (LRO)
• YieldStar (YS)
• AI Revenue Management (AIRM)

The class period runs from October 18, 2018, through November 21, 2025. Three examples show how this works:

1. You rented in 2020 at a listed property. Your rental falls within the class period, so you may qualify, subject to the other requirements and exclusions.
2. You rented from a listed company, but your building is not on the property list. You can still submit a claim for consideration, but payment requires a qualifying property. Contact the administrator if the lookup is inconclusive.
3. Your only rental began in 2026. It falls after November 21, 2025, so it is outside this settlement’s class period.

Related article: Apple AirTag Stalking Lawsuit, MDL 3199 Consolidated in California Federal Court (October 2026 Update)

Who Is Excluded From the RealPage Settlement Class?

The class excludes specified categories, including defendants and certain related entities and individuals, governmental entities, and judicial personnel and jurors connected with the case. People who validly opted out are not eligible. The general exclusion deadline was September 22, 2026, and has passed. The court allowed two specific late opt-outs identified in the judgment, which does not reopen the deadline for others.

Receiving a notice or finding your building on the list does not guarantee approval. The administrator decides eligibility based on your claim. See the official settlement notice.

What Was the RealPage Rent Price-Fixing Lawsuit About?

The plaintiffs alleged that landlords supplied nonpublic information, including actual rents, occupancy and other competitively sensitive data, to RealPage, whose software combined data from competing properties to recommend prices. They claimed this reduced the incentive to compete by cutting rents, offering concessions or lowering prices on vacant units, and raised rents across many apartment markets. The cases began as consumer actions filed in late 2022 and 2023 and were centralized in 2023 under Judge Crenshaw in Nashville.

The central antitrust question is whether competing landlords using a common pricing system informed by one another’s confidential data are coordinating prices instead of competing independently. The settling defendants denied wrongdoing, and the settlement is a negotiated resolution, not a trial verdict that every defendant fixed rents.

For the government side of the story, see our article RealPage Lawsuit, DOJ Settlement Ends Rent Price-Fixing Scheme—What Renters Must Know NOW.

Antitrust Laws and Legal Standards Behind the RealPage Settlement

Sherman Act Section 1 (15 U.S.C. § 1)

Section 1 of the Sherman Act prohibits contracts, combinations and conspiracies in restraint of trade. Price fixing among competitors is traditionally treated as unlawful per se, while many other agreements are judged under the rule of reason. Courts have long held that exchanges of competitors’ price information can violate § 1 depending on their structure and effect. See United States v. Container Corp. of America, 393 U.S. 333 (1969), and United States v. United States Gypsum Co., 438 U.S. 422 (1978). A plaintiff must plausibly allege an agreement, not just parallel conduct. See Bell Atlantic Corp. v. Twombly, 550 U.S. 544 (2007).

Clayton Act Sections 4 and 16 (15 U.S.C. §§ 15 and 26)

Under Section 4 of the Clayton Act, a person injured by an antitrust violation can sue for threefold damages plus costs and attorney’s fees, and § 16 allows injunctive relief. The four-year limitations period is in 15 U.S.C. § 15b. Renters are direct purchasers from their landlords, which matters under Illinois Brick Co. v. Illinois, 431 U.S. 720 (1977), and plaintiffs must show antitrust injury under Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc., 429 U.S. 477 (1977).

Multidistrict Litigation Under 28 U.S.C. § 1407

Cases pending in different federal courts can be centralized for pretrial proceedings by the Judicial Panel on Multidistrict Litigation under 28 U.S.C. § 1407. That is why this litigation, with dozens of defendants and many plaintiffs’ cases, sits before one judge in Nashville.

Rule 23 and the Sixth Circuit Standards for Class Settlements

Rule 23(e) requires the court to find that a class settlement is fair, reasonable and adequate, and Rule 23(h) governs attorney’s fees. Because the case is in Tennessee, Sixth Circuit law applies. The court of appeals weighs fairness factors in UAW v. General Motors Corp., 497 F.3d 615 (6th Cir. 2007). On fees, it lets district courts use a percentage-of-the-fund or lodestar approach, as in Rawlings v. Prudential-Bache Properties, Inc., 9 F.3d 513 (6th Cir. 1993), and Bowling v. Pfizer, Inc., 102 F.3d 777 (6th Cir. 1996). Service awards to named plaintiffs are permitted but scrutinized. See Hadix v. Johnson, 322 F.3d 895 (6th Cir. 2003), and In re Dry Max Pampers Litigation, 724 F.3d 713 (6th Cir. 2013).

Class Action Fairness Act Notice to State Attorneys General (28 U.S.C. § 1715)

Settling defendants must notify federal and state officials of a proposed class settlement under 28 U.S.C. § 1715, and a final approval order cannot issue earlier than 90 days after those notices are served. This provision is part of why state attorneys general have a formal window to comment.

Why Claims Against Nonsettling Defendants Continue

Antitrust defendants are jointly and severally liable and generally have no right to contribution from co-conspirators, under Texas Industries, Inc. v. Radcliff Materials, Inc., 451 U.S. 630 (1981). A settlement with some defendants therefore does not release the others, and the order says it does not impair claims against nonsettling defendants or alleged co-conspirators. How settlement amounts are credited against any later judgment is a matter for the court and counsel.

The Tunney Act and the DOJ’s Separate RealPage Case

The DOJ’s RealPage action is a separate government proceeding. Under the Antitrust Procedures and Penalties Act (the Tunney Act), 15 U.S.C. § 16(b)–(h), a proposed antitrust consent decree must be published for public comment and approved by the court as in the public interest. The DOJ’s case page has its filings.

State and Local Laws on Algorithmic Rent Pricing

Several states and cities have also moved against shared pricing algorithms, including California’s AB 325 amending the Cartwright Act, a 2025 New York law, and local ordinances in places such as San Francisco, Philadelphia and Minneapolis. The details and effective dates vary, so check the current text for your jurisdiction.

How Much Money Will Each Renter Receive From the RealPage Settlement?

The exact payment for any individual renter is not yet known. The $359.925 million is the gross fund, not an amount to divide equally among renters. Before renters are paid, the fund covers authorized taxes, administration and notice costs, attorneys’ fees, litigation expenses, service awards and other court-approved costs, and the remainder is the net settlement fund.

What Did the Court Approve for Attorneys’ Fees, Expenses and Service Awards?

Item	Court-approved amount
Attorneys’ fees	$119,975,000
Past litigation expenses through June 2026	$14,674,964.91
Future litigation-expense fund	$3,500,000
Service awards for 10 named plaintiffs	$100,000 total
Total of the listed items	$138,249,964.91

The fee equals one-third of the fund. Subtracting these items from $359,925,000 leaves about $221.68 million, but that is not a confirmed payment pool. Taxes, administration costs, interest and other permitted expenses still have to be accounted for. See the fee, expense and service award order.

How Does the RealPage Settlement Allocation Formula Work?

The approved plan uses two stages:

1. Estimated claim amount: The administrator determines the rent you paid at qualifying properties during the class period and applies a market-specific overcharge estimate where one exists. For qualifying properties outside those markets, the plan uses a 2% baseline.
2. Pro rata share: Your estimated claim amount is compared with the total for all authorized claimants, and you receive a proportional share of the net settlement fund.

The overcharge percentage is an allocation tool, not a finding of how much you personally overpaid. Two eligible renters can receive different amounts because they paid different total rents, lived in different markets or had different rental periods. Eligible claimants whose calculated payment would be below $10 receive a $10 minimum under the plan.

No fixed amount such as $100, $500 or $1,000 is guaranteed. Ignore generic payout estimates from social media or unofficial sites. Settlement payments may also be taxable income, so ask a tax professional about your situation.

How to File a RealPage Settlement Claim Before January 29, 2027

Filing is free through the official administrator, and you do not need a lawyer or a paid filing service.

Claim information	Details
Deadline	January 29, 2027 (online claim submitted or mailed claim received)
Claim portal	RealPageRentalSettlement.com/submit-claim
Administrator phone	1-888-995-4213
Administrator email	[email protected]

1. Check your property. Search your exact address in the property lookup, not just the landlord’s name.
2. Open the claim form. If you received a notice, use your Notice ID and Confirmation Code. If not, choose the option for claimants without them.
3. Enter your rental information accurately. Do not claim periods or addresses you cannot support.
4. Gather documents if needed. The administrator may ask for a lease, rent ledger, renewal letter, payment portal confirmation, bank statement with unrelated entries redacted, canceled check or money-order receipt. Some claims may be prepopulated and need no documents at submission, but the administrator can request proof later.
5. Submit by the deadline and keep copies. Save your confirmation. Incomplete or unsupported claims can be rejected.

See the settlement FAQ for further help.

When Will RealPage Settlement Payments Be Sent?

No distribution date has been announced. The effective date, claims processing and court authorization all have to occur first, and counsel may hold distribution until claims against the remaining defendants are resolved. Filing by January 29, 2027, is necessary to be considered, but it does not guarantee a payment date. Watch the official settlement website for updates.

Why Did the Court Approve the RealPage Settlements Despite Objections?

The court found that the settlements resulted from arm’s-length negotiations over years of adversarial litigation, assisted by two experienced mediators. It cited the scale of the case: more than 50 defendants, about 16 million documents, more than 25 terabytes of structured data and 176 depositions. It concluded that the cash relief and nonmonetary changes were adequate given the risk, expense and delay of continuing and the class reaction.

The judgment overruled objections from Gregory Harris, Megan Snyder, Steven Brody, Joshua Keenan, Ollisha Jones, Nicholas Clemm, Onyinye Jideani, Erika Browne and Julia Linda Ban. Overruling an objection does not mean class members unanimously supported the deal.

Did State Attorneys General Oppose the RealPage Settlements?

Attorneys general from the District of Columbia, Kentucky, Maryland, New Jersey and Washington sought to intervene in the final-approval proceedings and objected to aspects of the proposed settlements. On October 9, 2026, the court denied intervention, finding they had not established standing to intervene on behalf of the class members’ monetary claims. The court also stressed that the settlements preserve the states’ independent sovereign and quasi-sovereign claims, including some civil-penalty and injunctive-relief claims. See the October 9 opinion.

What If a Renter Does Nothing?

If you are in the class and did not validly opt out, the settlement can bind you to the released claims against the settling defendants even if you never file. But you will not receive a payment unless you submit a valid claim. The exclusion deadline has passed, so you cannot now opt out to keep a separate lawsuit alive against the settling defendants. The releases do not cover nonsettling defendants and preserve certain state enforcement claims. Get legal advice before relying on any separate claim.

Key Dates in the RealPage Rent Settlement

Date	Event
October 18, 2018	Class period begins
November 21, 2025	Class period ends; Set 1 preliminary approval
May 22, 2026	Set 2 preliminary approval
September 22, 2026	Exclusion and objection deadline
October 9, 2026	Court denies state attorneys general’s intervention
October 15, 2026	Fairness hearing, final approval and fee order
January 29, 2027	Claim deadline

Frequently Asked Questions About the RealPage $360 Million Settlement

Did the Judge Give Final Approval to the RealPage $360 Million Settlement?

Yes. On October 15, 2026, Judge Waverly D. Crenshaw Jr. granted final approval to settlements totaling $359,925,000 for claims against 41 settling defendants.

What Is the RealPage Settlement Claim Deadline?

January 29, 2027.

Who Qualifies for the RealPage Rent Settlement?

Generally, people and entities in the United States and its territories who paid rent directly to an owner, manager or owner-operator for a qualifying multifamily property covered by specified RealPage software between October 18, 2018, and November 21, 2025, subject to the class definition and exclusions.

Do I Qualify if I Rented From Camden Property Trust, Greystar or Equity Residential?

Possibly, but the company name alone does not decide it. Your specific property and rental period must qualify.

How Much Will I Receive From the RealPage Settlement?

It is not yet known. The plan allocates the net fund pro rata by rent paid at qualifying properties, adjusted for estimated overcharges, with a $10 minimum for eligible claimants.

Is the Entire $359.925 Million Going Directly to Renters?

No. Taxes, administration, attorneys’ fees, litigation expenses, service awards and other permitted costs come out first.

When Will RealPage Settlement Payments Arrive?

No date has been announced. The effective date, claims processing and court authorization come first.

Do I Need Proof of Rent Payments to Claim?

You may. The administrator can accept prepopulated claims but may ask for a lease, rent ledger, payment confirmation, bank statement or similar record.

What if My Apartment Is Not on the Property List?

You may still submit a claim for consideration, but payment requires a qualifying property. Contact the administrator.

Do I Need a Lawyer to File a RealPage Settlement Claim?

No. The official claim process is free.

Does the Settlement Prove RealPage and the Landlords Broke the Law?

No. It resolves allegations without a trial verdict against each settling defendant, and the defendants denied wrongdoing.

Does This Settlement Resolve Claims Against RealPage Itself?

No. It resolves claims against the 41 settling landlord and property-management defendants. Claims against RealPage, Inc. and nonsettling defendants continue.

What Happens if I Do Nothing?

You may be bound by the releases but will receive no money unless you file a valid claim.

Conclusion: RealPage’s $359.9 Million Rent Settlement Is Approved, but Renters Must Still File

Judge Crenshaw approved $359.925 million in cash settlements with 41 landlord and property-management defendants on October 15, 2026, along with limits on sharing nonpublic competitor data and cooperation duties for the continuing case. The defendants denied wrongdoing, and the settlements resolve the covered claims without a trial verdict.

For renters, the next step is concrete: check the qualifying property list and submit a claim by January 29, 2027, free through the official administrator. Individual payments and the distribution date are not set, and claims against RealPage and the nonsettling defendants continue.

Primary Sources and Official Records for the RealPage Settlement

1. Official RealPage Rental Settlement website, claim portal and property lookup.
2. Final Approval Order and Judgment, October 15, 2026.
3. Settlement notice and approved plan of allocation.
4. Order approving attorneys’ fees, expenses and service awards.
5. October 9, 2026, opinion on state intervention.
6. U.S. Department of Justice: RealPage antitrust case.
7. Statutes and rules: 15 U.S.C. §§ 1, 15, 15b, 16 and 26; 28 U.S.C. §§ 1407 and 1715; Federal Rules of Civil Procedure 23(e) and 23(h); Federal Rule of Appellate Procedure 4(a)(1)(A).
8. Cases: United States v. Container Corp. of America, 393 U.S. 333 (1969); United States v. United States Gypsum Co., 438 U.S. 422 (1978); Bell Atlantic Corp. v. Twombly, 550 U.S. 544 (2007); Illinois Brick Co. v. Illinois, 431 U.S. 720 (1977); Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc., 429 U.S. 477 (1977); Texas Industries, Inc. v. Radcliff Materials, Inc., 451 U.S. 630 (1981); UAW v. General Motors Corp., 497 F.3d 615 (6th Cir. 2007); Rawlings v. Prudential-Bache Properties, Inc., 9 F.3d 513 (6th Cir. 1993); Bowling v. Pfizer, Inc., 102 F.3d 777 (6th Cir. 1996); Hadix v. Johnson, 322 F.3d 895 (6th Cir. 2003); In re Dry Max Pampers Litigation, 724 F.3d 713 (6th Cir. 2013).
9. AllAboutLawyer.com: RealPage Lawsuit, DOJ Settlement Ends Rent Price-Fixing Scheme—What Renters Must Know NOW; Camden Property Trust $53M Rent Price-Fixing Settlement, Are You Eligible for a Payment?; Equity Residential $56M RealPage Settlement, Check If You Were Overcharged So You Can Claim Your Share.

This article is for general information only and is not legal advice. Antitrust allegations against the settling defendants were resolved through settlement, not a trial verdict. Eligibility, payment amounts and timing depend on the court-approved settlement documents and the claims process. AllAboutLawyer.com is a legal information website, not a law firm.

Researched and written by Israr Ahmad, legal content researcher and founder of AllAboutLawyer.com. All facts verified against the Final Approval Order and Judgment, the plan of allocation, the settlement notice, the fee order, the October 9, 2026, opinion and the official settlement website run by the administrator (RealPageRentalSettlement.com), as of October 17, 2026. Last Updated: October 17, 2026.