Archive · 20 Nov 2025
Largest US Landlord Settles Rent-Setting Algorithm Lawsuit for $7M
The biggest landlord in the US, Greystar, agreed to pay $7 million to settle a lawsuit about using special computer programs to set rent prices.
These programs might help landlords charge more money by sharing secret information.
Greystar will stop using these programs, and they already paid $50 million in another case.
Another company, RealPage, says it's not doing anything wrong and that there aren't enough houses to rent, which makes rents high.
Greystar, the nation’s largest landlord, settles rent-setting algorithm lawsuit for $7 million
Settlement follows lawsuits alleging software helped rival property managers align prices and push up rents
Greystar to stop using software relying on other landlords’ confidential data to set rents
Company previously settled class-action lawsuit for $50 million and reached nonmonetary deal with DOJ
RealPage, another software company, denies wrongdoing and blames lack of housing supply for high rents
- Who
- Greystar, the nation’s largest landlord
- What
- settled a rent-setting algorithm lawsuit for $7 million
- When
- Tuesday, in a North Carolina federal court
- Where
- Nationwide, as Greystar manages over 946,000 units
- Why
- To resolve lawsuits alleging its use of rent-setting algorithms helped drive up housing costs
States and Attorneys General
RealPage
Rent-Setting Algorithms
States and Attorneys General
Contribute to higher rents by helping landlords align prices
RealPage
Do not necessarily lead to higher rents; often encourage landlords to drop rents
- Company
- Greystar
- Number of Units Managed
- Over 946,000 units nationwide
- Software Company Involved
- RealPage