The cost of renters insurance for an apartment can vary depending on several factors, including the location of the apartment, the coverage amount, the deductible, and the insurance company. According to recent data, the average cost of renters insurance in the United States is around $180 per year, but this can vary significantly based on the aforementioned factors. For example, renters insurance in high-crime areas or regions prone to natural disasters may be more expensive. Additionally, the amount of coverage and the deductible you choose will also impact the cost. It's important to shop around and compare quotes from different insurance companies to find the best rate for your specific situation. Some insurance companies also offer discounts for things like having a security system in your apartment or bundling renters insurance with other policies like auto insurance. Overall, the cost of renters insurance for an apartment is influenced by various factors, and it's advisable to explore different options to find the most suitable and affordable coverage for your needs.