Security deposit laws by state › Minnesota

Minnesota Security Deposit Law and Move-In Costs (2026)

Minnesota sets no statutory cap on the security deposit and requires it back within 21 days with an itemized statement of deductions.

The rules

  • Maximum deposit: No statutory cap
  • Return deadline: 21 days. Three weeks after the tenant leaves and the landlord has a forwarding address; five days if the building is condemned.
  • Interest: Required. 1% simple interest per year.
  • Separate account: Not required.
  • Itemized deductions: Required with the refund.
  • Application fee: Actual cost of screening; must be refunded if the application isn't processed..

Statute: Minn. Stat. §504B.178. As of October 25, 2026.

Move-in cash at $1,500/month

First month's rent$1,500
Security deposit (one month, typical)$1,500
Application fee$40
Utilities and setup$150
Movers$400
Renters insurance$15
Total$3,605

With no cap, the deposit is whatever the lease says; one to two months is the market norm.

Run your own numbers for Minnesota

Getting the deposit back

Document the unit's condition at move-in with dated photos, give proper notice before leaving, return the keys, and hand the landlord a forwarding address in writing — in Minnesota and most states the return clock does not start until the landlord can reach you. Normal wear and tear cannot be deducted; damage, cleaning beyond normal use and unpaid rent can. If the deadline passes without a refund or itemized statement, small-claims court is the usual remedy, and many states add penalties of two or three times the deposit for bad-faith withholding.

Local rules

Cities and counties can add requirements on top of Minnesota law — interest, caps, inspection rights, fee limits. Check your city's housing or rental-standards office before signing.

Sources

Last reviewed October 25, 2026.