Renter's insurance cost for an apartment can vary based on several factors such as the location of the apartment, the coverage amount, and the insurance company. On average, the cost of renter's insurance for an apartment ranges from $120 to $190 per year. However, this cost can be higher or lower depending on the specific circumstances. It's important to consider the value of your personal belongings and the level of coverage you need when determining the cost of renter's insurance. Additionally, factors such as the crime rate in the area, the deductible amount, and any additional coverage options can also impact the overall cost of renter's insurance for an apartment.