Leases and deposits
How much is a normal security deposit for an apartment?
Updated By the Housing Rocket moderators
Short answer
Most security deposits in the US equal about one month's rent, though some landlords ask for less and some ask for up to two months, especially from renters with limited credit. Many states cap deposits at one or two months' rent, while others set no limit, so check the rule for your state.
The deposit is usually due at lease signing along with the first month's rent, so budget for at least two months of rent before you move in. Some landlords also collect last month's rent upfront, which can push the total to three months.
What tends to push a deposit higher:
- Limited or no credit history, or a low credit score
- Income below the landlord's usual requirement
- A furnished unit, where there is more to damage
- Pets, if the landlord adds a separate pet deposit
To lower it, offer a qualified cosigner, show savings, or ask whether the landlord will split the deposit over the first few months. Some complexes offer deposit replacement products, where you pay a smaller non-refundable fee instead of a deposit. Read those carefully: the fee never comes back, and you can still be billed for damage.
Pay the deposit only after you have seen the place in person and read the lease, use a method that leaves a record, and get a receipt. Never pay a deposit by wire transfer, gift card or crypto. For more warning signs, see rental scam questions.
Want the whole picture? Read Renting Your First Apartment: Applications, Leases and Move-in Costs.