How much is my security deposit?

At Great Jones, our standard security deposit is typically equal to one month’s rent. However, based on an applicants credit score, the deposit can vary as follows:

  • Credit score above 650: one month’s rent as standard security deposit
  • Credit score 600-650: 1.5 times the standard security deposit
  • Credit score 550-599: 2 times the standard security deposit.
  • Credit score 500-549: 3 times the standard security deposit.* 

 

*North Carolina: state regulations do not allow a refundable security deposit of 3 times the monthly rent, the applicant will be denied if they have a credit score of 500-549. 

 

Here is a link to our full application qualifications: https://www.rhris.com/ApplyNow/25044Acriteria.pdf