Rental Giants Pay $48.5M in Consumer Settlement
Progress Residential and Pretium Partners agree to change pricing, fee, deposit, and tenant practices under a multistate enforcement action.
Updated on Nov. 5, 2026 in Apartments
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Indiana Attorney General Todd Rokita announced a $48.5 million settlement with Progress Residential, LLC and Pretium Partners, LLC, resolving allegations of deceptive and unfair practices affecting renters nationwide. The settlement requires the companies to change rental pricing, security deposit, property condition, and tenant treatment practices.
Why it matters
The case alleges advertised rents failed to reflect what tenants actually paid, a gap that can make housing costs harder to compare and budget for. The joint action with the Federal Trade Commission and several other states signals coordinated scrutiny of large single-family rental operators.
The $48.5 million settlement was filed in the United States District Court for the Northern District of Georgia and enforced through a Stipulated Order. It resolves claims brought under Indiana consumer protection laws alongside the FTC and the Arizona, Colorado, and Utah authorities.
The players
Todd Rokita
Todd Rokita is the Indiana Attorney General whose office announced the settlement and developed the state's consumer protection claims.
Federal Trade Commission
The Federal Trade Commission is the federal agency that joined the bipartisan enforcement action against the two companies.
Progress Residential, LLC
Progress Residential, LLC is a single-family rental company named as a defendant that agreed to the settlement and operational changes.
Pretium Partners, LLC
Pretium Partners, LLC is an investment firm named as a defendant alongside Progress Residential in the settlement.
The details
The complaint alleges the companies advertised rental prices that did not reflect actual costs, imposed hidden and improperly disclosed fees, mishandled security deposits, misrepresented property conditions, restricted consumer reviews, and failed to adequately address tenant complaints and maintenance issues.
Timeline
- November 5, 2026: Indiana Attorney General announces the settlement.
Industry Dynamics
The action reflects a broader pattern of state attorneys general using consumer protection statutes against large institutional single-family rental operators. It places this settlement within a growing body of enforcement aimed at fee transparency and rental advertising practices in the housing market.
Renters with Progress Residential or Pretium-managed homes may see changes to how rent, fees, and deposits are advertised and billed under the settlement terms. Tenants with complaints about deposits, fees, or property conditions can file with the Indiana consumer complaint portal.
The takeaway
Renters should compare the total monthly cost, including all fees, before signing a lease. Keeping photos of a unit's condition at move-in can help document any later deposit disputes.
Further reading
Explore more on Apartments for rental market context across the country.
More information
File a complaint through the Indiana consumer complaint filing portal if you have concerns about rental practices.
Source note: This article includes information reported by WBIW.
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