Minnesota Security Deposit Law (2026): Deadlines, Interest & Penalties
Wondering when your Minnesota security deposit is due back? The statute — Minn. Stat. § 504B.178 — sets the return window at 21 days from the end of your tenancy, and the landlord must pay interest of 1% per year on the deposit. If the money doesn't arrive on time, the exposure for the landlord is bad faith: punitive up to $500 + deposit + interest. The calculator above works out your deadline, interest, and penalty figures automatically.
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Minnesota Deposit Rules at a Glance
| Return deadline | 21 days after move-out 3 weeks; 5 days if condemnation |
|---|---|
| Interest on deposit | 1% per year |
| Separate account required | No |
| Deposit limit | No limit |
| Penalty for violations | Bad faith: punitive up to $500 + deposit + interest |
Minnesota Security Deposit FAQ
How long does a landlord have to return a security deposit in Minnesota?
In Minnesota, a landlord must return the security deposit within 21 days after the tenancy ends, under Minn. Stat. § 504B.178. Note: 3 weeks; 5 days if condemnation.
Does my landlord owe me interest on my security deposit in Minnesota?
Under Minn. Stat. § 504B.178, a Minnesota landlord must pay interest of 1% per year on the deposit. Rate details: 1% simple interest.
What is the penalty if a landlord misses the deposit deadline in Minnesota?
Bad faith: punitive up to $500 + deposit + interest. The governing statute is Minn. Stat. § 504B.178.
Is there a limit on how much a landlord can charge as a security deposit in Minnesota?
Yes. In Minnesota, the security deposit is limited to No limit.
Does a Minnesota landlord have to keep my deposit in a separate account?
No. Minnesota law does not require landlords to hold security deposits in a separate or escrow account.
Are there exceptions to the 21-day deposit deadline in Minnesota?
Yes — the deadline can vary: 3 weeks; 5 days if condemnation. When in doubt, check the statute itself (Minn. Stat. § 504B.178) or ask a local tenant-rights organization.
What can I do if my landlord won't return my deposit in Minnesota?
First, send a written demand letter citing Minn. Stat. § 504B.178 — our free generator creates one with your amounts filled in. If the landlord still doesn't pay, you can usually file in small claims court, where the penalty exposure is bad faith: punitive up to $500 + deposit + interest.