What is the security deposit limit in New York City in 2026?

Question

Accepted Answer

Since the Housing Stability and Tenant Protection Act of 2019, New York landlords are legally prohibited from charging more than one month's rent as a security deposit — for both rent-stabilized and market-rate apartments.

Key rules around the security deposit in NYC:

Maximum deposit: one month's rent, no exceptions
The deposit must be returned within 14 days after you move out
The landlord must provide an itemized statement of any deductions
Interest must be paid on deposits for buildings with 6 or more units
Wrongful withholding of a deposit can result in the landlord owing you double the amount

Tip: Always document the condition of the apartment with photos and video on move-in day. This protects you when it comes time to reclaim your deposit.