New York Security Deposit Limit
1 month's rentNew York generally caps residential security deposits at 1 month's rent. A lease clause demanding more than that may be unenforceable — the FAQ below covers the exact conditions.
Educational information: generated from our New York law database (last updated 2024-01-01). Not legal advice.
How New York 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 New York compares with other states in our database.
| State | Security Deposit Limit |
|---|---|
| New York | 1 month's rent |
| North Carolina | 2 months' rent (varies by tenancy length) |
| North Dakota | 1 month's rent (unfurnished units) |
| Ohio | no statutory limit |
| Oklahoma | no statutory limit |
Frequently asked questions
- How much can a landlord charge for a security deposit in New York?
- New York generally limits security deposits to 1 month's rent. Since 2019 HSTPA, security deposits are capped at 1 month for all units. Interest required for buildings with 6+ units. Landlord may deduct unpaid rent and repair costs for damage beyond normal wear and tear.
- Does New York require landlords to pay interest on security deposits?
- Yes — New York requires landlords to pay interest on held security deposits (buildings with 6+ units). It is one of 14 US jurisdictions with an interest requirement.
- How long does a landlord have to return a security deposit in New York?
- New York landlords generally must return the deposit within 14 days after move-out.
Check Your Lease Against New York Law
Not sure whether your lease complies with New York 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 New York lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in New York for your specific situation.