Minnesota Security Deposit Limit

How Minnesota 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 Minnesota compares with other states in our database.

Frequently asked questions

How much can a landlord charge for a security deposit in Minnesota?

Minnesota sets no statewide statutory maximum on security deposits, though local rules can apply — some cities set local limits. Elsewhere the amount is negotiated in the lease. Minnesota is one of 21 US jurisdictions without a statewide deposit cap. No statewide limit (some cities have limits). Interest required for deposits held 1+ year (2024 rate: 1%, passbook savings rate). Return within 21 days (5 days for condemnation). Must disclose inspection option within 14 days of occupancy.

Does Minnesota require landlords to pay interest on security deposits?

Yes — Minnesota requires landlords to pay interest on held security deposits (deposits held 1+ year). It is one of 14 US jurisdictions with an interest requirement.

How long does a landlord have to return a security deposit in Minnesota?

Minnesota landlords generally must return the deposit within 21 days after move-out.