How much can a landlord charge for a security deposit in New Mexico?
In New Mexico, a security deposit is capped at 1 month of rent. One month's rent on leases under a year. This is N.M. Stat. § 47-8-18.
| What | New Mexico |
|---|---|
| Maximum deposit | 1 month of rent |
| Deadline to return it | 30 days |
Source
N.M. Stat. § 47-8-18
Read the statute in the New Mexico Statutes (New Mexico Compilation Commission): nmonesource.com.
The linked sections open Justia’s free copy of the code, because the state’s own site has no stable address for each section.
This is a summary of a published statute, not legal advice. Rules change, local ordinances can add to them, and the terms of a specific lease may differ. Check the citation and speak to a lawyer before acting.
How Seayora uses this rule
Seayora computes the deadline this rule sets from the tenancy’s own dates, shows it on the deposit statement, and reminds the landlord before it falls due — so the answer above is not reference material sitting beside the product, it is the rule the product enforces.
Guides on this rule
- Security Deposit Alternatives: Texas and Maine Rules — The Texas rules for a monthly fee in lieu of a deposit, Maine’s surety-bond limits, and the Texas notice before reporting a no-deposit tenant’s damages.
- Security Deposits Explained: Rules and Getting It Back — How security deposits work: typical amounts and state caps, what a deposit may cover, return deadlines, and how renters get the full deposit back.
- Service Animals and Emotional Support Animals: A Landlord’s Guide — How to handle assistance animal requests in 2026, after HUD withdrew its 2013 and 2020 notices: what the law still requires, what you can ask, and state rules.
Compare this rule in every state
More New Mexico rules
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- Every New Mexico rule on one page
The same question in other states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Georgia
- Hawaii
- Iowa