How Much Can My Landlord Charge for a Security Deposit?

Security deposits are funds collected by landlords to cover potential damages, unpaid rent, or lease violations. State laws regulate the maximum amount, how deposits must be handled, and return timelines.

Maximum amounts by state (examples):

California: 1 month's rent

New York: 1 month's rent

Texas: No state limit

Florida: No state limit

Illinois: No state limit, but Chicago limits to 1.5 months

Landlord obligations:

Separate account — Many states require deposits to be held in a separate, interest-bearing account.

Written receipt — Some states require landlords to provide a receipt with the bank name and account number.

Move-in inspection — Conducting a documented walk-through at move-in protects both parties.

Return timelines. After you move out, landlords typically must return the deposit within 14-60 days, depending on the state. They must provide an itemized list of deductions.

Allowable deductions:

Unpaid rent

Damage beyond normal wear and tear

Cleaning costs (if the unit is left exceptionally dirty)

Unreturned keys

Normal wear and tear (NOT deductible) includes faded paint, minor scuffs, worn carpet from normal use, and small nail holes.

Remedies for tenants. If your landlord improperly withholds your deposit, many states allow you to sue for the deposit amount plus penalties (often 2-3 times the deposit) and attorney's fees.

This is legal information, not legal advice.