$359.9M RealPage Rental Price-Fixing Settlement, Check If You Qualify — In re RealPage Rental Software Antitrust Litigation (No. II), No. 3:23-MD-3071

There’s $359,925,000 set aside for renters — if you paid rent directly to one of 39 major property managers, at a building running RealPage’s pricing software, any time between October 18, 2018 and November 21, 2025. You don’t need proof the software raised your specific rent. You just need to have lived there. The deadline to file is January 29, 2027.

RealPage Rental Antitrust Settlement — Key Facts

Settlement Amount	$359,925,000
Claim Deadline	January 29, 2027
Who Qualifies	Anyone who paid rent directly at a qualifying multifamily property, Oct. 18, 2018–Nov. 21, 2025
Estimated Payout	Pro rata, based on rent paid and your metro area’s estimated overcharge (2%–13%)
Proof Required	Yes — lease, rent ledger, bank statement, or similar documentation
Settlement Status	Preliminarily approved; no money distributed yet
Court & Case Number	U.S. District Court, Middle District of Tennessee, Nashville Division — No. 3:23-MD-3071, MDL No. 3071
Law Alleged	Federal and state antitrust law
Administrator	Angeion Group, LLC
Official Claim Site	realpagerentalsettlement.com
Last Updated	July 23, 2026

Who Is RealPage and Why Is It Being Sued Over Rental Prices?

RealPage sells software — Lease Rent Options, YieldStar, and AI Revenue Management — that property managers use to set rent. The lawsuit alleges 39 of the country’s largest apartment operators fed RealPage nonpublic competitor pricing data, and RealPage’s algorithm used that shared data to recommend higher rents across the board. Instead of competing on price, the suit claims, these companies let software coordinate it for them.

What Did RealPage and These Property Managers Do to Renters Between 2018 and 2025?

Renters filed suit alleging RealPage and its landlord clients conspired to fix and inflate multifamily rental prices in violation of federal antitrust law by exchanging competitively sensitive data about pricing and leasing. The theory is straightforward: if every large landlord in a market feeds the same software the same nonpublic pricing signals, rents move together instead of competing against each other — and renters end up paying more than a competitive market would produce.

Thirty-nine companies — including Greystar, Camden Property Trust, Equity Residential, Bozzuto, Brookfield Properties Multifamily, and Mid-America Apartment Communities — settled rather than continue fighting the case. They deny any wrongdoing. Several bigger names haven’t settled at all: RealPage itself, along with Essex Property Trust, Independence Realty Trust, Morgan Properties, UDR, and the Thoma Bravo entities that own RealPage, are still being litigated separately and aren’t part of this payout.

That’s worth sitting with for a second: the company whose software is at the center of the whole case hasn’t settled. This settlement is with the landlords who used it.

Are You Part of the RealPage Rental Settlement?

Here’s exactly how to know if this case includes you.

• Renters who paid rent directly to any of the 39 settling companies (or their subsidiaries and affiliates) between October 18, 2018 and November 21, 2025
• Tenants at any multifamily property — meaning more than one rental unit in the building — that was licensed to use RealPage’s pricing software during that window
• Anyone unsure whether their building qualifies can search their address on the Property List at realpagerentalsettlement.com
• You can still file a claim even if your building isn’t on the list, though you’re only eligible for payment if your unit turns out to be a Qualifying Property

You do not qualify if you rented through a company that hasn’t settled, if you weren’t the one paying rent directly, or if you already excluded yourself from the class.

Related article: $750K iQ Credit Union Overdraft and NSF Fee Settlement, Check If You Qualify — Thompson v. iQ Credit Union, No. 24-2-04242-06

Renters Outside a Listed Metro Area — Are You Still Covered?

Yes. This settlement is nationwide — it covers renters in the United States and its territories. Your metro area doesn’t need to appear on any specific list to qualify; it only affects how your payout is calculated, covered below.

Not sure if your lease and dates line up? A free consultation with an antitrust class action attorney can help you sort it out before the deadline.

How Much Can RealPage Settlement Class Members Get?

There’s no flat payout here — the formula is based on how much rent you paid and where you paid it. Class counsel’s economist calculated an estimated overcharge percentage for major metro areas, ranging from 2% to 13%, based on how much RealPage’s pricing tools were believed to have inflated rents in that market. Your claim amount starts as your overcharge percentage multiplied by the rent you paid.

A sample of the estimated overcharges by metro area:

• Sacramento-Roseville-Folsom, CA — 13%
• San Francisco-Oakland-Fremont, CA; Santa Rosa-Petaluma, CA; Portland-Vancouver-Hillsboro, OR-WA — 12%
• San Jose-Sunnyvale-Santa Clara, CA; Seattle-Tacoma-Bellevue, WA — 10%
• Los Angeles-Long Beach-Anaheim, CA — 9%
• Denver-Aurora-Centennial, CO; Miami-Fort Lauderdale-West Palm Beach, FL; Las Vegas-Henderson-North Las Vegas, NV; Nashville-Davidson-Murfreesboro-Franklin, TN; Riverside-San Bernardino-Ontario, CA; San Diego-Chula Vista-Carlsbad, CA — 8%
• Renters in a metro area not specifically listed still get a 2% overcharge applied automatically

After that, every claimant’s number is totaled up and paid out pro rata against the Net Settlement Fund — meaning more valid claims filed means smaller checks for everyone, not less money overall. If your calculated share comes to less than $10, you’ll get a flat $10 minimum payment instead.

Here’s the honest catch: no money moves yet. The fund won’t distribute until the case against the remaining, non-settling defendants resolves, or class counsel decides an earlier partial distribution makes sense. Filing now secures your spot in line — it doesn’t mean a check next month.

Payments over $600 may appear on a 1099. Check with a tax professional.

How to File Your RealPage Settlement Claim — Step by Step

1. Go to realpagerentalsettlement.com and search the Property List for your rental address.
2. Click “Submit a Claim” and enter your name, contact information, and Notice ID if you received one.
3. List every eligible address where you paid rent directly between October 18, 2018 and November 21, 2025.
4. Upload proof for at least one month at each address — a lease, rent ledger, bank statement, or canceled check all work.
5. Choose how you want to be paid: PayPal, Venmo, Zelle, a virtual prepaid card, or a mailed check.
6. Sign under penalty of perjury and submit — save your confirmation.

Takes about 10-15 minutes if you have your lease or a rent statement handy.

⚠️ The claim deadline is January 29, 2027 — that’s still months away, but the opt-out and objection deadline is much sooner: September 1, 2026.

Should RealPage Class Members Opt Out or Object Before September 1, 2026?

What Opting Out of the RealPage Settlement Actually Means

Opting out removes you from the class entirely. You’d get no payment from this settlement fund, but you’d keep the right to sue the settling defendants yourself. Most renters shouldn’t opt out without talking to a lawyer first, since a solo antitrust case is expensive and slow. The opt-out deadline is September 1, 2026, and it must be a signed written request — not an email or phone call.

How to Object to the RealPage Settlement

Objecting keeps you in the class while telling the court you disagree with some part of the deal — the settlement amount, the plan of allocation, or the attorneys’ fee request. Objections must be filed in writing with the Clerk of Court at the Fred D. Thompson U.S. Courthouse in Nashville, and a copy mailed to class counsel, by September 1, 2026.

Talk to a class action lawsuit attorney before September 1, 2026 if you’re considering either option.

RealPage Rental Antitrust Settlement — Key Dates, 2026-2027

Milestone	Date
Preliminary Approval	UNVERIFIED — exact date not stated in documents reviewed
Opt-Out Deadline	September 1, 2026
Objection Deadline	September 1, 2026
Final Fairness Hearing	October 15, 2026, 1:00 p.m. CT
Claim Filing Deadline	January 29, 2027
Expected Payment Date	UNVERIFIED — no distribution until case against remaining defendants resolves or class counsel elects an earlier distribution

RealPage Rental Antitrust Settlement — Frequently Asked Questions, No. 3:23-MD-3071

Do I need a lawyer to file a RealPage settlement claim?

 No. Court-appointed Settlement Class Counsel already represents the class, and you won’t be personally billed. Submitting the Claim Form yourself at realpagerentalsettlement.com is enough.

Is the RealPage rental settlement legitimate?

 Yes. It’s overseen by the U.S. District Court for the Middle District of Tennessee, and administered by Angeion Group, LLC, a court-appointed settlement administrator — not a private company soliciting you.

When will RealPage settlement payments be sent?

 No date has been set. Money won’t be distributed until the litigation against the remaining, non-settling defendants — including RealPage itself — is resolved, unless class counsel decides an earlier distribution is appropriate.

What if I missed the RealPage claim deadline? The deadline is January 29, 2027, so there’s still time. If you miss it, you’re generally barred from payment, though class counsel has some discretion to accept late claims if it won’t materially delay the process.

Will my RealPage settlement payment go on a 1099?

 Possibly, if it’s over $600. Talk to a tax professional about how to report it.

How much of my apartment’s settlement money goes to attorneys?

 Class counsel may request fees of up to one-third of the total settlement fund, plus reimbursed costs, subject to court approval at the fairness hearing.

Does this settlement include RealPage itself?

 No. RealPage, along with Essex Property Trust, Independence Realty Trust, Morgan Properties, UDR, and the Thoma Bravo entities that own RealPage, have not settled and remain in active litigation.

Sources Used in This Article

• Long Form Notice, In re RealPage, Inc., Rental Software Antitrust Litigation (No. II), No. 3:23-MD-3071: https://angeion-public.s3.amazonaws.com/www.realpagerentalsettlement.com/docs/Long%20Form%20Notice.pdf
• Official Settlement Website, Angeion Group: https://www.realpagerentalsettlement.com/faqs
• Official Claim Form: https://angeion-public.s3.amazonaws.com/www.realpagerentalsettlement.com/docs/Claim_Form.pdf
• [Proposed] Plan of Allocation, filed May 15, 2026: https://angeion-public.s3.amazonaws.com/www.realpagerentalsettlement.com/docs/Proposed%20Plan%20of%20Allocation.pdf

Researched and written by Israr Ahmad, legal content researcher and founder of AllAboutLawyer.com. All facts verified against the official Long Form Notice, Claim Form, and Plan of Allocation on July 23, 2026. Last Updated: July 23, 2026.

This article is for informational purposes only and does not constitute legal advice. Laws vary by state and individual circumstances differ. For advice about your specific situation, consult a qualified attorney.