NJ Security Deposit Calculator

Enter your monthly rent and we'll show the maximum allowed deposit (1.5x rent), the recommended range, and estimated annual interest. Runs in your browser, no signup.

Monthly rent (USD)Allow pets?

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Bank interest rate (%)

Estimated annual interest the deposit will earn. NJ requires the deposit to be held in an interest-bearing account. The actual rate depends on the bank.

Results

Maximum allowed deposit (1.5x rent)$3,000

Recommended deposit range$2,000 - $3,000

Estimated annual interest owed to tenant$60

You must place this deposit in an interest-bearing account at a NJ federally insured bank within 30 days and notify the tenant in writing of the bank, account type, and rate. Repeat the notice annually and any time the bank or rate changes.

Not legal advice

This tool is for informational purposes only and is not legal advice. The NJ Rent Security Deposit Act (N.J.S.A. 46:8-19 et seq.) governs deposit collection, holding, and return. Review specific situations with a licensed NJ attorney.

Generate your Security Deposit Receipt

The 1.5x rent cap is established by N.J.S.A. 46:8-21.2. Interest rates and banking requirements are subject to change. Verify current requirements with your bank and legal counsel.

This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed attorney or real estate professional for advice specific to your situation.

Estimates are approximate and based on general NJ market data. Actual amounts may vary based on your specific property, neighborhood, market conditions, and municipal regulations. These figures should not be relied upon as the sole basis for financial decisions.