Home / Business and Economy / Renters Can Score Big: $360M Settlement Unveiled
Renters Can Score Big: $360M Settlement Unveiled
29 Aug
Summary
- A $360 million settlement is available for apartment renters.
- The lawsuit alleges a conspiracy to fix and inflate rental prices.
- The claim deadline is January 29, 2027.
A substantial $360 million settlement has been reached, potentially benefiting apartment renters across the United States. The class-action lawsuit was filed against software company RealPage and various management firms. They are accused of participating in an unlawful conspiracy to fix and inflate rental prices for apartments and other multifamily housing. RealPage's revenue-management products, which included an algorithm for suggesting rental prices, are central to the allegations.
The settlement aims to compensate renters who paid for apartments subject to RealPage's solutions between October 18, 2018, and November 21, 2025. While defendants have not admitted wrongdoing, the proposed settlement must gain judicial approval. Renters can verify their eligibility by searching a property list on the settlement website.
To receive a portion of the settlement, eligible individuals must file a claim form by January 29, 2027. Those who opt out of the lawsuit must submit a written request by September 1, 2026. Failure to file a claim means forfeiting any potential settlement payout and remaining bound by the lawsuit's rulings.
