How much should I ask for a security deposit?
Some people have said one month, but I hear others saying that do two instead of last month's rent? Which is it?
Every state has its own statutes governing how little or how much you may collect for a security deposit. After learning the guidelines, you could then research your local market conditions to determine what’s a reasonable amount to collect - just play a tenant and call around.
Since you didn’t query a particular state, here’s is a list of each state’s guidelines:
Be sure to pay attention to pet deposits as well since certain states regulate collecting refundable and nonrefundable fees.