New turn in RealPage lawsuit as court approves almost $360M in deals

The lawsuit says that RealPage software helped landlords to work together and increase rents. In November 2025, the US Justice Department ended its 2024 lawsuit against RealPage with a deal.

On Oct 15, a US federal court in Tennessee approved the deals in the RealPage rent-pricing class lawsuit. The deals total $218M and more than $141.8M. Renters allege that the software helped about 50 large landlords to increase rents above free-market levels. The court found the deals fair and adequate for the renters in the class. No company admitted fault.

What the deal changes

The landlords agreed to stop giving RealPage their nonpublic data for its price advice. They also agreed to stop use of competitor data when they set prices.

The numbers

The first group had 14 deals with 11 landlords, in 2025. The next group had 26 deals with 27 landlords, in October 2025. The class is US renters in buildings that used the software from Oct 18, 2018 to Nov 21, 2025.

What is not known

Peter Carstensen, a law professor emeritus at the University of Wisconsin-Madison, cannot tell if the terms will limit coordination. Attorneys general of 5 US areas objected. Judge Waverly Crenshaw denied their motion on Oct 9.

Insight: The fix limits data, not the pricing software

The deals do not ban the software. They limit the nonpublic data that goes into it. Carstensen says that US attorneys general do not trust the federal Justice Department, which ended its lawsuit with a deal. This reads as a test: competitor data in one tool is the risk, and attorneys general can set the line. If you sell or buy pricing AI, look at the open lawsuits.