Landlords are allowed to raise the security deposit each time you renew your lease, but only within the bounds of the law. By Jill Terreri Ramos Q: I live in a rent-stabilized apartment in Bay Ridge, ...

Kelly Anne has over six years of experience with reporting and editing in the personal finance space. Her work has been featured in national publications including Reader's Digest, CNBC and Forbes.

Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, to be handed over to the landlord as insurance you wouldn’t damage the ...