Don't pay a security deposit

It's your money, after all.

How Deposit Alternative works

Sign up

If your landlord supports the service, just download the Homebody app and create an account.

Pay a small monthly premium

It’s just for the duration of your lease, and it’s cheap.

Save hundreds

Instead of $1,000 up front for a security deposit, you pay about $130 over the course of your lease.*

Use your money how you want

Put the cash you save toward next month’s rent, your student loan, or anything else!

*Amount may vary
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First Month's Rent.
Last Month's Rent.
Make it easier to move into your next apartment.
Download the app on Google Play
Download the app on Apple Store
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Deposit Alternative can save you up to $1300*

*Amount may vary

FAQs

Do I get my money back at the end of my lease?

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No. Deposit Alternative is an alternative to a security deposit that still provides similar protection. So instead of putting up a bunch of cash when you move in, you end up paying a lot less over the course of your lease.

Can I sign up for Deposit Alternative?

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Because you pay rent to your landlord or their property management company, Deposit Alternative is only available when they’re involved.

How much does it cost?

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Cost is determined by your property management company, and it varies by property. When you move out, your policy ends.

Why do I pay more or less than my friend who also uses Deposit Alternative?

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Property owners and managers determine the price for their tenants. In some markets, they might charge more to manage the service.

Is it worth it?

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If you want to keep your cash and make moving in more affordable, then definitely!

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