Makes use of algorithmic systems to influence price and supply of residential rental units unlawful.

This bill prohibits landlords and property management software companies from using algorithmic systems to coordinate rental prices across multiple properties. It defines a "coordinator" as any entity operating software that collects price data from multiple landlords, analyzes it with algorithms, and recommends rental rates or occupancy levels. The law makes it unlawful for landlords to subscribe to such services or for coordinators to facilitate price-fixing agreements that reduce competition. The bill addresses New Jersey's affordable housing crisis, where median rents for three-bedroom apartments rose 35% from 2021-2024 and over half of renters spend more than 30% of income on rent.