Apartment renters across the country may have money waiting in an antitrust case over RealPage’s rent-pricing software. A federal judge in Nashville has given final approval to a $359.9 million fund paid by dozens of landlords and property managers, and renters have until January 29, 2027 to file a claim.
The money does not arrive on its own. Only renters who submit a claim, and whose building appears on the settlement’s property list, can share in the fund. No payments are going out yet, but the filing window is open now and closes at 11:59 p.m. Eastern time on January 29.
Who is in the RealPage settlement class
The case is In re RealPage, Inc., Rental Software Antitrust Litigation (No. II), in the U.S. District Court for the Middle District of Tennessee. According to the official settlement website, the class covers people and entities in the United States and its territories who paid rent directly to an owner, manager or owner-operator on a multifamily residential lease, at a property licensed to use RealPage’s LRO, YieldStar or AIRM pricing software, at any time from October 18, 2018 through November 21, 2025.
That is a seven-year window, so former tenants who moved out years ago can still be class members. The test is the building, not the renter’s current address. The settlement’s long-form notice says only renters of units on the official Property List are eligible for payment, and the site lets renters search that list by property.
Inside the guide: The four-date rule for reading a settlement notice and a claim log and payment tracker, which together keep a January 29 RealPage filing and a payout with no set date in one record. Both are in The Settlement & Refund Recovery System.
Who is paying, and who is not
The fund totals $359,925,000. It comes from the settling defendants, a group of landlords and property management companies that includes Greystar Management Services, Equity Residential and Camden Property Trust. The settling defendants deny wrongdoing. Beyond the cash, the notice says they agreed to change business practices, including not sharing nonpublic data with RealPage for pricing recommendations about competing properties.
RealPage, Inc. itself is not one of the settling defendants. The notice lists it among the defendants that have not settled, which means the lawsuit continues on other fronts even as this fund moves toward distribution. The court entered its Final Approval Order and Judgment on October 15, 2026, according to the settlement’s court documents page, along with an order on interim attorneys’ fees.
How each renter’s share is figured
There is no flat payment. The long-form notice says the net fund will be divided pro rata based on rent paid during the class period at properties licensed for the software, adjusted for estimated overcharges under the court-approved plan of allocation. In practice, a renter who paid rent for several years at a listed building should expect a larger share than one who rented at a listed building for a few months, because the formula runs on rent actually paid.
Final amounts depend on how many valid claims come in and on deductions approved by the court. Class counsel may request up to one-third of the fund for fees, plus expenses, costs and interest, along with service awards for the named plaintiffs. The settlement’s frequently asked questions page says plainly that there will be no payments at this time and that the money will be distributed later.
What a claim needs
Claims are filed on the settlement website or by requesting a paper form from the administrator. The notice lists the kinds of records that can prove a tenancy: a Notice ID from a mailed or emailed notice, the property name or address, a lease, renewal letters, a rent ledger, move-in and move-out statements, payment confirmations, bank statements with unrelated lines blacked out, canceled checks and money order receipts.
Renters who have moved since 2018 often no longer have their leases. Old bank statements or payment confirmations showing monthly rent going to a property manager are on the notice’s list and can fill that gap. The site also states that no one needs to pay anyone to file a claim.
Deadlines and how to reach the administrator
The deadlines to opt out of the settlement or object to it passed on September 22, 2026. Renters in the class who did nothing are bound by the settlement, and filing a claim is now the only way to collect from it. The claim deadline is January 29, 2027, for online submissions or forms received by that date.
The administrator can be reached at 1-888-995-4213, by email at info@RealPageRentalSettlement.com, or by mail at RealPage Rental Software Litigation, Settlement Administrator, P.O. Box 59, East Brunswick, NJ 08816-9998. The property search and the claim form are both on the official site.
Filing against a fund with no payout date
The RealPage settlement closes claims on January 29, 2027 but pays out only when the court allows, and each share depends on rent paid at a listed building years ago. A renter who cannot later show what was filed, with which lease records and on what date, has little to work with if the claim is questioned.
The Settlement & Refund Recovery System adds a step-by-step filing walkthrough and the scam-proof rules, for working through the claim form and its supporting lease records in order.
See the step-by-step filing walkthrough in The Settlement & Refund Recovery System.
This article was created with AI assistance and reviewed for accuracy against the official settlement website, notice and court documents.
Elias Broderick specializes in residential and commercial real estate, with a focus on market cycles, property fundamentals, and investment strategy. His writing translates complex housing and development trends into clear insights for both new and experienced investors. At The Daily Overview, Elias explores how real estate fits into long-term wealth planning.
