Indiana Security Deposit Limit
1.5 months' rent (longer leases)Indiana generally caps residential security deposits at 1.5 months' rent (longer leases) — the cap is not uniform. A lease demanding more than the cap that covers your situation may be unenforceable — the FAQ below covers the exact conditions.
Educational information: generated from our Indiana law database (last updated 2024-01-01). Not legal advice.
How Indiana compares
30 of 51 US jurisdictions cap security deposits by statute; the other 21 set no statewide cap (local caps can still apply in some cities). Here is how Indiana compares with other states in our database.
Frequently asked questions
- How much can a landlord charge for a security deposit in Indiana?
- Indiana generally limits security deposits to 1.5 months' rent (longer leases). No limit for month-to-month; 1 month limit for month-to-month tenancies. For longer leases, maximum is 1.5 months rent. Pet deposits limited to 25% of one month rent. Must be returned within 45 days with itemized deductions. Tenant can recover full deposit plus attorney fees for non-compliance.
- Does Indiana require landlords to pay interest on security deposits?
- No. Indiana does not have a statewide requirement that landlords pay interest on security deposits.
- How long does a landlord have to return a security deposit in Indiana?
- Indiana landlords generally must return the deposit within 45 days after move-out.
Check Your Lease Against Indiana Law
Not sure whether your lease complies with Indiana law? Upload it and our analyzer flags problem clauses — deposit terms, entry rights, fees and prohibited provisions — using the same statute-backed database this page is generated from.
Analyze My Lease FreeEducational tool — not legal advice. First analysis is free, no signup required.
More Indiana lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in Indiana for your specific situation.