What is the maximum security deposit in Shamrock Lakes, Indiana?

Indiana has no statutory limit on security deposits. Landlords should charge a reasonable amount.

How many days does a Shamrock Lakes landlord have to return a security deposit?

Landlords in Shamrock Lakes must return the security deposit within 45 days after the tenant moves out. 45 days

What is the penalty for not returning a security deposit on time in Shamrock Lakes?

Tenant may recover the deposit plus attorney fees if landlord acts in bad faith The tenant can also recover court costs and attorney fees in most cases.

Shamrock Lakes Security Deposit Calculator (2026) — Free

One missed deadline. One wrong deduction. That's all it takes to owe 2x penalties in Shamrock Lakes. Calculate your exact limits before it costs you.

Calculate Your Security Deposit Limits

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Shamrock Lakes Security Deposit by Unit Size

Here are the amounts at Shamrock Lakes's current Fair Market Rents:

Unit Size	Median Rent	Max Deposit	Penalty Risk
Studio	$816/mo	No limit	Varies
1-Bedroom	$881/mo	No limit	Varies
2-Bedroom	$1,096/mo	No limit	Varies
3-Bedroom	$1,391/mo	No limit	Varies
4-Bedroom	$1,590/mo	No limit	Varies

Rents based on HUD Fair Market Rents (FY2026) for State Average.

Penalty Warning

If you fail to return the deposit within 45 days, a Shamrock Lakes tenant can sue for up to 2x the amount wrongfully withheld, plus attorney fees. Tenant may recover the deposit plus attorney fees if landlord acts in bad faith

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For the full breakdown of rules, deadlines, and procedures, see our Shamrock Lakes Security Deposit Laws guide.

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How we built this calculator: Security Deposit Calculator rules are based on Indiana state statutes (Ind. Code §32-31-1 et seq.). Default rent values come from HUD Fair Market Rents (FY2026) for the Shamrock Lakes area. Last updated: August 2026. This tool provides general information, not legal advice. Consult a licensed attorney for guidance specific to your situation.

RA

Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.