How Much Is Renters Insurance For An Apartment And Is It Really Worth It?

26 July 2025 4 Min read
Renting Right

Why Renters Insurance Matters

While it may seem like an optional extra, renters insurance can be quite the hero when the unexpected happens. In fact, in most cases, proof of renters insurance is required by landlords as part of the lease agreement. But how do you know how much coverage you really need and which provider offers the best value and features for your situation? In this blog, we’ll break down how much renters insurance for an apartment typically costs, what it includes, and why it’s a smart choice for almost every renter.

How Much Is Renters Insurance For An Apartment

The average renter in the U.S. pays between $15 and $20 per month for a standard renters insurance policy. But did you know some providers offer plans that start as low as $5 a month (depending on your location and coverage level)?

Of course, your specific rate will depend on a few key factors:

  • Location — Urban areas or regions prone to extreme weather may increase rates.
  • Coverage amount — The more belongings you want covered, the higher the premium.
  • Deductible — A lower deductible usually means a higher monthly cost.
  • Additional coverage options — Some policies include protection for items like electronics, jewelry, or identity theft for an added cost.

With flexible pricing and valuable coverage, renters insurance is a smart investment for peace of mind. You can find competitive rates with Lemonade.

Renters Insurance Available Through CSC Marketplace

At CSC Marketplace, we work with trusted providers to bring renters affordable, hassle-free insurance options designed with your needs in mind.

Lemonade

Renters insurance that keeps your stuff safe. Starting at $5 per month, Lemonade offers one of the most budget-friendly policies available today. With fast online quotes, easy sign-up, and a mobile app that makes filing claims simple, Lemonade is ideal for tech-savvy renters who want reliable protection with minimal effort.

CSC Home Assist (from Latchel)

Upgrade your life and finances with CSC Home Assist from Latchel. For just $9.99/mo (that’s 50% off), this convenient service helps renters save an average of $600 annually by covering common costs like lockouts, key replacements, minor damages, and landlord fees. It also includes 24/7 access to a home maintenance hotline, up to $2,700 in reimbursement for eligible expenses, and a dedicated claims team to make the process fast and hassle-free. This is an excellent add-on for renters who want greater protection, on-call support, and fewer financial surprises, without added complexity.

Is Renters Insurance Really Worth It

Consider this: replacing a stolen laptop, damaged furniture, or ruined clothing could cost hundreds or even thousands of dollars. A standard renters insurance policy covers those items for just a few dollars each month.

Most also offer liability protection in case someone gets injured in your home and decides to take legal action. Some policies even help cover temporary housing if your apartment becomes unlivable after a fire or other covered event.

And with more landlords requiring proof of insurance as part of lease agreements, having a policy in place is quickly becoming the norm.

In short, renters insurance is a low-cost way to avoid high-cost problems.

What To Look For In A Good Renters Insurance Policy

When choosing a plan, make sure it includes:

  • Personal property coverage — Covers your belongings against fire, theft, and more
  • Liability protection — Protects you if someone is injured on your property
  • Additional living expenses — Helps with hotel costs or temporary housing if needed

All of the options offered through CSC Marketplace are carefully selected to meet these needs and deliver clear value with no hidden fees.

Final Thoughts

Renters insurance is one of the smartest, most affordable ways to protect your personal property and your peace of mind. With prices starting around $5/mo, it’s an easy decision that could save you thousands in the long run.

CSC Marketplace partners with providers like Lemonade and Latchel to bring you renters insurance plans that are simple, affordable, and tailored for modern renters. Explore your options today and find the plan that fits your budget and your life.