The cost of homeowner insurance for a rental property can vary depending on several factors such as the location of the property, its age, the value of the property, the type of coverage, and the insurance company. On average, you can expect to pay between 25% to 50% of the cost of a standard homeowner policy for a rental property policy. However, it's essential to get quotes from multiple insurance companies to compare rates and coverage options. Factors such as deductibles, liability coverage, and additional coverage for items like appliances and furniture can also impact the cost of your rental property insurance. It's always a good idea to consult with an insurance professional to get the most accurate and tailored quote for your specific rental property.