Is the security deposit negotiable?
Only under some extraordinary circumstance might we consider accepting a security deposit that is less than one month’s rent. Typically we require a deposit equal to one, or one and one-half month’s rent. If a prospective tenant has a weak application, a larger deposit (except in Evanston) may save the day. If there is a way to balance a strength against a weakness, we will try to find an agreeable arrangement. It just depends.
