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Greystar Reaches $7 Million Settlement Over Alleged Rent-Fixing Practices

By  |  November 19, 2025

Greystar, the country’s largest residential landlord, has agreed to a $7 million settlement with nine states that accused the company of relying on rent-setting software tools that, according to The AP News, contributed to rising housing costs across the U.S. The agreement, filed Tuesday in federal court in North Carolina, still requires judicial approval.

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    The case is part of a broader wave of antitrust actions directed at RealPage and other companies whose pricing algorithms, prosecutors argue, allow competing property managers to coordinate rents in ways that diminish fair market competition. Per AP News, officials contend that such tools made it easier for large landlords to move in lockstep on pricing, inflating rents for tenants already facing stark affordability challenges.

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    California Attorney General Rob Bonta underscored these concerns, stating in a news release, “Whether it’s through smoke-filled backroom deals or through an algorithm on your computer screen, colluding to drive up prices is illegal. Families across the country are staring down an affordability crisis. Companies that intentionally fuel this unaffordability by raising prices to line their own pockets can be sure I will use the full force of my office to hold them accountable.”

    Related: Property Giant Greystar Settles Antitrust Case with Renters for $50 Million

    Under the proposed settlement, Greystar agreed to discontinue the use of software that relies on proprietary data from rival landlords to determine rents. The company’s legal exposure extends beyond this case: last month it consented to pay $50 million to settle a class-action lawsuit tied to its use of RealPage’s systems. And in August, Greystar entered a nonmonetary agreement with the U.S. Department of Justice to halt similar practices scrutinized by federal regulators.

    In a statement issued Wednesday, the company said, “We are pleased this matter is resolved and remain focused on serving our residents and clients.”

    Source: AP News