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Minnesota security deposit law

The state rules a landlord in Minnesota has to follow for a residential security deposit, from Minn. Stat. 504B.178.

Maximum deposit
No statutory limit.
Deadline to return it
Within 3 weeks after the tenancy ends (5 days after condemnation).
Itemized deductions
Return the deposit or give a written statement of the specific reason for withholding.
Interest on the deposit
Yes: simple interest at 1% a year.
Penalty for wrongful withholding
Landlord owes a penalty equal to the amount withheld plus interest, and up to $500 more for bad faith.

Before you keep any part of a deposit

Working out the last month's rent? The prorated rent calculator does the partial-month math.

Source

Verification status: verified summary. Research date: November 5, 2026. Statute: Minn. Stat. 504B.178. Source: www.revisor.mn.gov.

General information, not legal advice. Cities and counties can add stricter rules, and laws change. Check the current statute or a local attorney before you act.

Other states: Massachusetts · Missouri · all states

Last updated November 5, 2026.