Best Answer

When you rent an apartment the first and last month's rent is required plus security deposit of several hundred dollars. It can cost as much as 1500-2500 dollars to rent an apartment.

User Avatar

Wiki User

โˆ™ 2012-07-02 16:27:15
This answer is:
User Avatar
Study guides


22 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

See all cards
8 Reviews

Add your answer:

Earn +20 pts
Q: What is the average security deposit on an apartment?
Write your answer...
Still have questions?
magnify glass
Related questions

How much is security deposit for an apartment?

Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment

How much is a security deposit?

I believe its different for each apartment or house you rent

How do you get your security deposit back after moving out of an apartment?

If there is no damage to the apartment then the Manager must give you back your security deposit. If he hasn't then see a lawyer or go to the Landlord/Tenants building and complain. Good luck Marcy

What is the average of security deposit for a one bedroom apartment?

While renting, deposit is usually a months rent. So for a 1 bedroom, it should be around 400-500. And course, the landlords have their own policies too.

What is a bonded apartment?

A bonded apartment means that a surety bond has been used to instead of a security deposit to obtain the apartment. The minimum amount for a surety bond is $87.50.

Can your apartment charge you a security deposit after you have moved in and signed a lease?

They can ask, and some people might do it, but you don't have to, unless the deposit is written into the lease.

When a tenant vacates an apartment is it right for the landlord to deduct money from the security deposit to pay to clean and paint the apartment for the next tenant?

The purpose of a security deposit is to pay the last month's rent in the event that a tenant stops paying and has to be evicted, not to pay for cleaning and painting. It would only be reasonable to use a security deposit for this purpose if the departing tenant left the apartment in extremely bad condition, requiring an abnormal expense to restore it.

Can a landlord deny you an apartment if you only have first and last month's deposit even though they asked for Security deposit as well?

It depends on what state you are in according to

How do you rent an apartment if you have crappy or no credit?

You may get the co signer then you can rent the apartment without credit otherwise you can ask landlord to take security deposit after some time.

Renting an apartment in Indianapolis In with evictions?

Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.

What is a Waiver of Security Deposit?

Generally speaking, a waiver of security deposit means that the management of the property being rented (apartment, etc.) has agreed to allow a renter to skip putting up a normally required deposit for the property. Sometimes management is willing to do this for a prospective tenant.

When do you return the security deposit?

The security deposit is returned: after the lease ends; the tenant moves out; and the landlord inspects the apartment. The landlord has the right to deduct any necessary cleaning and/or repairs to the apartment in order to ready it for a new tenant, but nothing to improve the apartment (for example, adding an air conditioner or dishwasher where none existed; replacing carpeting with hardwood flooring) beyond the condition in which it was leased. Depending on the condition of he apartment, the landlord may not refund any of the security deposit. Your best bet is to thoroughly clean the apartment and patch any holes/damage created during the lease. Optimally, you would have taken photos the day you moved in to prove the condition of the apartment as received.

People also asked