Mid Term Deposits

Member since 2026 · 86 posts · 49 votes

Let's say you have a $1100/mo space for rent as a mid-term rental and you are NOT using Airbnb to list and collect fees...what are you collecting as a security deposit?

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Robin Smith

New to Real Estate · Baton Rouge · Member since 2024 · 44 posts · 28 votes

1mo

Half month’s rent is typical. If their stay is only 30 days then a full month’s deposit is a little high. Now, if you have a lease for over 7 or 8 months and it’s a construction crew of ten that’s another story.

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Vaibhav PuranikPro Member
Member since 2025 · 69 posts · 36 votes
1mo
Hi Tim, what State/City you are in? Generally, medium term rentals have the same security deposit related rules applicable as the long term rentals. In California, the maximum is one month's rent. Arizona caps it at 1.5 month's rent. That's why it's important to know where you are doing this rental.
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Tim KirkPro Member
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Member since 2026 · 86 posts · 49 votes
1mo
Illinois. One month is what I have been presenting upfront, but I have had a few people react as if I was crazy.
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Stacy RaskinBusiness Member
Lender · Member since 2022 · 1k+ posts · 505 votes
1mo
What is the minimum lease period you are looking for? If a multi-month lease, one month sounds normal but it really depends on what is normal for your local market. Researching what other midterm rentals in your area are doing for the security deposit can be helpful to see what the norm is for that area since those similar listings in your local market are what potential tenants will also be looking at. Also doing necessary checking and vetting of the applicant's application and financials, checking references, etc should help to reduce potential risk.
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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
1mo
How long is your minimum stay?
Where are you publishing the security deposit amount?
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Robin Smith
New to Real Estate · Baton Rouge · Member since 2024 · 44 posts · 28 votes
1mo
Half month’s rent is typical. If their stay is only 30 days then a full month’s deposit is a little high. Now, if you have a lease for over 7 or 8 months and it’s a construction crew of ten that’s another story.
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