When it comes to renters insurance for an apartment, the cost can vary based on several factors. The average cost of renters insurance in the United States is around $180 per year, but this can vary significantly depending on the location, coverage limits, deductible, and the insurance company. Location plays a significant role in determining the cost of renters insurance. For example, renters in high-crime areas or regions prone to natural disasters may face higher premiums. Coverage limits also impact the cost, as higher coverage limits will result in higher premiums. Additionally, the deductible chosen by the policyholder will affect the cost of renters insurance. A lower deductible typically means higher premiums. Finally, the insurance company itself will have its own pricing structure and may offer discounts for various factors such as bundling policies or having a security system in place. It's important for individuals to shop around and compare quotes from different insurance providers to find the best coverage at a competitive price. Keep in mind that these figures are averages and actual costs can vary widely based on individual circumstances and the specific insurance policy chosen.