How Much is a Security Deposit?

How Much is a Security Deposit

When moving to a new rental, you’ll likely need to pay a security deposit. But how much is this often? Security deposits are a standard part of renting property, booking hotel rooms, leasing cars, and even opening utility accounts. Here’s what you can expect to pay in 2025 for the most common scenarios.

What you need to know:

  • The typical security deposit for an apartment is equal to one month’s rent, but can range from $500 to $3,000+.
  • Rental car deposits usually range from $200 to $500, depending on the company and car type.
  • Hotels often place a hold of $50 to $200 per night as a deposit.
  • Utility companies may charge $100 to $300 for a security deposit, especially without credit history.

How much is a security deposit for an apartment?

For apartments and rental homes, the most common security deposit is the equivalent of one month’s rent. However, some landlords may charge:

  • First and last month’s rent + security deposit
  • Flat rates such as $750 or $1,000

Typical apartment security deposit by location:

City/StateDeposit Range
New York City (NYC)$1,500 – $4,000
California (e.g., Los Angeles)$1,200 – $3,500
Texas$800 – $1,800
Florida$1,000 – $2,000
Midwest (e.g., Ohio, Missouri)$600 – $1,200

How much is a security deposit for a house?

For rental houses, landlords often ask for more upfront. In 2025, house security deposits typically range from:

  • $1,500 to $3,000 for standard rental homes
  • $3,000 to $5,000+ for luxury or high-value homes

How much is a security deposit for electricity or utilities?

If you’re starting a new electricity, gas, or water service, the provider might require a security deposit, especially if you have no prior service history or lower credit.

  • Electricity: $100 – $300
  • Water/Gas: $50 – $200
  • Some providers waive deposits for customers with good credit or past payment history.

How much is a security deposit for a rental car?

Rental car security deposits are usually temporary holds placed on your credit card. Amounts vary by company:

Rental CompanyDeposit Range
Enterprise$200 – $400
Hertz$200 – $500
Dollar Rent A Car$250 – $350
Budget$200 – $300

The deposit is refunded when you return the vehicle in good condition.

How much is a hotel security deposit?

Most hotels place a temporary hold on your card at check-in. This is not charged unless there are damages or incidentals:

  • $50 – $200 per night for standard hotels
  • $250+ per night for luxury or resort properties

How much is a security deposit box at a bank?

Looking to store valuables? A security deposit box (safe deposit box) at a bank typically costs:

  • Small (3”x5”): $25 – $75/year
  • Medium (5”x10”): $75 – $150/year
  • Large (10”x10”): $125 – $300/year

How much is a security deposit for Netflix?

None! Streaming services like Netflix, Hulu, and Disney+ do not require security deposits. You simply pay a monthly subscription fee.

So how much is a typical security deposit?

To summarize, here’s a quick overview of typical security deposit ranges in 2025:

Use CaseTypical Range
Apartment Rental$1,000 – $2,500
Rental House$1,500 – $3,500
Electricity/Utilities$100 – $300
Rental Car$200 – $500
Hotel Stay$50 – $200 per night
Bank Deposit Box$25 – $300/year