Can a landlord charge you market value for a security deposit?

Answer

There is no market rate value of a security deposit. The security deposit amount is the landlord's decision, but many states have a law that sets a maximum amount (usually two month's rent).

Check your state's law on the maximum amount a landlord can charge you for a security deposit.

More Housing Policy, Landlords, and Tenants FAQs from Low Income Households

  • How many bedrooms am I eligible for?
  • How much would my rent be?
  • Can I be evicted if my HUD apartment is sold?
  • How Much Are Section 8 Housing Choice Vouchers Worth
  • What should a landlord expect when renting to a Section 8 voucher holder?