RealPage and alleged rent price fixing: Who’s affected?
Have you rented an apartment or rental unit in the last few years from a major property management company? You may have overpaid for rent due and could be owed thousands.
Millions of apartment renters across the country may have paid more for rent because of allegedly anticompetitive pricing software developed by RealPage Inc., a company that provides property management software to leasing companies. This software is now the focus of a federal antitrust lawsuit filed by the U.S. Department of Justice and a major class action lawsuit.
According to the RealPage lawsuit, the company’s rent-setting algorithm collected private data from competing landlords and used it to recommend higher rental rates. This coordination allegedly allowed large property managers to inflate prices while minimizing the risk of undercutting each other. In some markets, it is estimated that renters paid between 5% and 7% more than they would have in a competitive environment.
If you rented an apartment or rental unit from a company that may have used RealPage’s pricing tools, you could be eligible to seek compensation. It’s not always easy to know if you were affected, but taking the first step is simple. Fill out the form on this page to find out if you qualify for the RealPage lawsuit.
Do you qualify?
If you signed a lease for an apartment or rental unit after Oct. 21, 2018, and your property manager used RealPage software during that time, you might qualify to take legal action and seek compensation. Take the first step — fill out the form to check your eligibility.
Fill out the form on this page for more information.
What is rent price fixing?
Rent price fixing occurs when landlords or property managers agree (either directly or through a third party) to set rental prices at artificially high levels instead of allowing the market to determine those rates. This type of rent price fixing is illegal under federal antitrust laws because it restricts competition and causes tenants to pay more than they should.
As a result, RealPage is currently facing legal action filed by individual renters and the U.S. government. According to the RealPage lawsuits, the company’s software allegedly facilitated this kind of coordination among major property managers, allowing them to share sensitive pricing data and collectively raise rent prices across the country.
Did RealPage violate antitrust laws?
In August 2024, the U.S. Department of Justice and Attorneys General from multiple states filed a civil antitrust lawsuit against RealPage Inc. The lawsuit claims that RealPage’s proprietary software calculated recommended rent prices in a way that disregarded normal market competition. Because the software was used by competing property management entities, it allegedly allowed those companies to coordinate pricing, reducing competition and inflating rent prices across the market.
Attorney General Merrick B. Garland explained the issue clearly:
“We allege that RealPage’s pricing algorithm enables landlords to share confidential, competitively sensitive information and align their rents. Using software as the sharing mechanism does not immunize this scheme from Sherman Act liability, and the Justice Department will continue to aggressively enforce the antitrust laws and protect the American people from those who violate them.”
Legal help for renters overcharged by RealPage
If you rented an apartment or rental unit from a property management company that used RealPage’s revenue management software at that time, you may have been overcharged and could be entitled to compensation. Numerous lawsuits have already been filed. These RealPage lawsuits aim to recover compensation for affected tenants who were illegally charged inflated rent prices.
Now is the time to explore your legal options and find out if you’re eligible for a refund of your rent overpayments. Please fill out the form on this page to see if you qualify.
Fill out the form on this page to see if you qualify for a free case evaluation.
See If You Qualify
Join the RealPage lawsuit investigation
Filling out this form is quick and easy. It only takes a few minutes to see if you qualify.
After you fill out the form, an attorney(s) or their agent(s) may contact you to discuss your legal rights.
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