
Understand the Standard Deposit Structure
The nationwide norm is two months' rent as a refundable security deposit plus one month paid in advance — three months' rent total before you get the keys. Confirm in the contract exactly what the deposit covers (unpaid rent, damage beyond normal wear, cleaning) and that the advance rent is kept separate from the deposit, not blended into one number that's harder to track at move-out.
- Two months' deposit plus one month advance rent is the nationwide baseline
- Confirm exactly what the deposit is meant to cover, in writing
- Keep the deposit and advance rent as separate line items in the contract
- Ask about the exact refund timeframe before you sign, not after