The rising cost of rent has prompted some states like New York, Oregon, and California to retool their rent laws. The high upfront cost of a security deposit can dissuade some renters from moving into a new location. Cincinnati recently passed a "Renter's Choice" law, which required landlords of a certain size to provide alternatives to security deposits. Rental properties typically charge both the first month's rent and a one-month's rent security deposit, which puts many apartments out of reach for a median American. A new slew of "renter's choice" laws have been hitting the desks of local, state, and national politicians, offering renters the choice between a traditional security deposit or security deposit insurance.

---

Persons: Bernie Sanders, Ankur Jain, Scott Stringer, Stringer, Bill de Blasio, Ben Carson, Mike Rudoy, Rudoy, Reichen Kuhl, he's, Kuhl Organizations: Democratic, Federal, Consumer Finances, Legislators, U.S . Department of Housing, Urban Locations: New York , Oregon, California, Cincinnati, of New York, New York, New York City, Virginia, New Hampshire, Reichen