Minnesota security deposit law

Read from the statute itself on 2026-11-09. Statewide rule; a city or county can add its own.

Maximum deposit: No statutory cap
Return deadline: 21 days
Interest: Required in some cases

No statewide cap. 1% simple interest per year is required, and the deposit with interest is due within three weeks after the tenancy ends and the landlord receives the tenant's mailing address or delivery instructions.

Source: Minn. Stat. § 504B.178, subds. 2-3 · read on 2026-11-09

Calculate it for your rent

State

Monthly rent ($)

No statutory cap

Minnesota's statute sets no maximum: the amount is whatever the lease says. We show no « maximum » we would have to invent.

Return deadline

21 days

Within three weeks after the tenancy ends and the landlord receives the tenant's mailing address: the deposit with interest, or a written statement of reasons for keeping it. 5 days if the building is condemned.

Interest required

Yes

In some situations — see the note

Minnesota: No statewide cap. 1% simple interest per year is required, and the deposit with interest is due within three weeks after the tenancy ends and the landlord receives the tenant's mailing address or delivery instructions.

Source: Minn. Stat. § 504B.178, subds. 2-3 · read on 2026-11-09

Minnesota: common questions

How much can a landlord charge for a security deposit in Minnesota?

Minnesota's statute sets no maximum. No statewide cap. 1% simple interest per year is required, and the deposit with interest is due within three weeks after the tenancy ends and the landlord receives the tenant's mailing address or delivery instructions.

How long does a landlord have to return a security deposit in Minnesota?

21 days. Within three weeks after the tenancy ends and the landlord receives the tenant's mailing address: the deposit with interest, or a written statement of reasons for keeping it. 5 days if the building is condemned.

Not legal advice. Confirm with a local landlord-tenant attorney before relying on a figure.

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