The average cost of renters insurance per month can vary widely depending on factors such as location, coverage amount, and the specific insurance company. However, according to a study by the Insurance Information Institute, the national median cost for renters insurance in 2019 was $180 per year, or approximately $15 per month. This figure can be higher or lower depending on the factors mentioned earlier. It's important to research and compare quotes from multiple insurance providers to find the best coverage and price for your needs.