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
Make it easier to move into your next apartment.
Deposit Alternative can save you up to $1300*
*Amount may vary
FAQs
Do I get my money back at the end of my lease?
+
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!
