Tools · Security Deposit

Indiana Security Deposit Calculator (2026)

Enter your rent and move-out date to see the most a Indiana landlord can charge and the exact date your deposit is due back — no statutory cap here, returned 45 days after the termination of occupancy (the tenant vacates and returns possession).

Cited to Ind. Code §§32-31-3-12, 32-31-3-13, 32-31-3-14, 32-31-3-15Source: FindLaw (Indiana Code 32-31-3).

Indiana security deposit calculator

Security deposit · Indiana

State

Monthly rent

Move-out date

Indiana rule applied to your numbers

Maximum deposit

No cap

Indiana sets no statutory maximum; your lease sets the amount. Indiana Code 32-31-3 sets no ceiling on the deposit amount. Market norms are usually one to one-and-a-half months' rent, but the statute imposes no limit.

Return deadline

45 days

45 days after the termination of occupancy (the tenant vacates and returns possession). Enter your move-out date for the exact deadline.

These are the Indiana figures applied to what you entered: a plain summary of the rule and the dates, not a determination that anyone did or did not comply.

If a deposit is wrongly kept

If the landlord does not comply, IC 32-31-3-12 lets the tenant recover the full amount of the deposit due plus reasonable attorney's fees. The forfeiture rule is the sharp edge: under IC 32-31-3-15, a landlord who misses the 45-day itemized-notice deadline is treated as agreeing that no damages are owed and must refund the entire deposit, even if real damage exists. The landlord is not liable until the tenant has given a written mailing address.

Interest on the deposit

Indiana does not require a landlord to pay interest on a residential security deposit.

PlainStatute

Security deposit — Indiana

Maximum deposit: No statutory cap
Monthly rent: $2,000
Move-out date: Not entered
Return deadline: 45 days after the termination of occupancy (the tenant vacates and returns possession)

Source: Ind. Code §§32-31-3-12, 32-31-3-13, 32-31-3-14, 32-31-3-15

https://codes.findlaw.com/in/title-32-property/in-code-sect-32-31-3-14/

⚠ Draft: confirm with the official source before relying on this.

Printed from plainstatute.com
Plain-language summary, not legal advice.

Informational only, not legal advice. Security-deposit rules carry exceptions (lease type, small landlords, city ordinances) this summary cannot weigh. See the full statute and exceptions on the Indiana security deposit reference, cited to Ind. Code §§32-31-3-12, 32-31-3-13, 32-31-3-14, 32-31-3-15.

How Indiana security deposits work

Indiana puts no cap on the deposit amount and requires no interest and no separate account, which makes it fairly landlord-friendly on the front end. The catch is on the back end. A landlord has 45 days after you move out to mail an itemized list of any damage claimed along with a check for the rest of your deposit. If the landlord blows that 45-day deadline, the statute treats it as an admission that nothing is owed, and the landlord must return the whole deposit, even if there was real damage. Miss it and lose it applies to the landlord, not the tenant. One condition triggers the clock: you must give the landlord a written mailing address, so send one when you leave. A tenant who has to sue can also recover reasonable attorney's fees.

This calculator shows the Indiana figures applied to your own rent and dates. It is informational only and not legal advice — exceptions this summary cannot weigh may apply. For the full rules, penalties, and citations, see the Indiana security deposit reference.

Security deposit calculators for other states

Same tool, each with its own cap and return deadline.