At Rently.sg, we believe renting a home shouldn't mean draining your savings on day one. That's why we created Lower Move-in Costs—a simple way to move into your new place without paying the full security deposit upfront.
The problem: a heavy upfront deposit
In Singapore, tenants are usually asked to pay a security deposit—often one to two months of rent—before they move in. On top of the first month's rent and other moving costs, that lump sum can be a real strain. Lower Move-in Costs is designed to relieve exactly that pain.
How Lower Move-in Costs works
Instead of paying the whole deposit on day one, Rently pays the security deposit to your landlord on your behalf. You then spread the cost over the course of your lease through simple monthly payments.
Each month you pay two things: a small service fee, plus a share of your deposit. The deposit share is your total deposit divided by the number of months in your lease (for example, 12 or 24 months). By the end of your lease you will have paid the full deposit in manageable instalments rather than all at once.
A flat, transparent fee
The service fee is flat and easy to understand: 12% of the deposit amount per year, which works out to just 1% of the deposit amount per month. There are no profile-based rates and no surprises.
Getting your deposit back
At the end of your lease, you get your security deposit back directly from your landlord, just as you would with any normal tenancy.
Renting made more affordable
Lower Move-in Costs is focused on one thing: making it easier to move in by removing the burden of a large upfront deposit. To see how it works, visit rently.sg/lower-move-in-costs.