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The Apartment Rental Market Is Rigged by Algorithms, a DOJ Lawsuit Alleges

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Artificial Intelligence News

Real Estate,Housing,Justice Department

The US Department of Justice claims that a company called RealPage is responsible for price-fixing across millions of apartment rental units nationwide.

If you’ve rented an apartment in the US in the past several years, you may have had the sense that the game was rigged: Prices creep up not only at your building but at others throughout the city, seemingly in lockstep. A new civil lawsuit brought by the US Department of Justice today alleges that in many cases it’s not just in your head—and that a single company’s algorithm is to blame.

RealPage has repeatedly denied any allegations of antitrust violations, going so far as to publish a six-page digital pamphlet that claims to tell “the Real Story” about its products, along with an extensive FAQ page on a dedicated public policy website. The company did not immediately respond to a request for comment. “Attacks on the industry’s revenue management are based on demonstrably false information,” one section of that site reads.

 

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