States/New York/One-Month Deposit Limit
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New York renter guide

New York One-Month Security Deposit Limit

General Obligations Law § 7-108 generally says a covered deposit or advance may not exceed one month’s rent, with listed exceptions for certain housing categories.

Last reviewed: August 30, 20262 official sources cited
General cap1 month’s rent

Applies within the statutory scope and exceptions.

Last month + depositGenerally not two extra months

The Attorney General explains the one-month limit means a landlord generally cannot require both last month’s rent and a one-month security deposit.

Check whether an exception applies

The statute lists exclusions and special treatment for some rent-controlled housing, seasonal-use dwellings, owner-occupied cooperative apartments and specified senior or care housing. A general one-month summary should not replace checking the unit category.

Confirm the unit’s status. New York rent regulation and special housing categories can affect the rules. This page summarizes the cited statewide sources and is not legal advice.

Official sources

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