Franklin Park Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 04, 2026

Thinking about renting at Franklin Park Apartments in Southeast Austin? Rent here runs $1,442 - $1,899, and renters insurance adds about $14/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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4509 E St Elmo Rd, Austin, TX 78744

Southeast Austin

Managed by Dominium Built 2004 3 stories 163 units
4/5
$1,442 - $1,899 /month

Monthly Cost Breakdown at Franklin Park Apartments

The listed rent isn't the whole number. Here's what Franklin Park Apartments actually costs each month once you add required fees and insurance.

Total Monthly Cost $1,456 – $1,913
Base Rent $1,442 – $1,899
Required Monthly Fees $0
Est. Renters Insurance $14/mo

Renters Insurance at Franklin Park Apartments

What Affects Your Premium Here

Every building is different. These factors specific to Franklin Park Apartments can push your insurance cost up or down:

Open Access

No gated or controlled access — higher theft exposure

Dog-Friendly

Dogs allowed — consider higher liability coverage

NeighborhoodScout

Safer than only 1% of US cities

What You'll Likely Pay

$14

Est. Monthly

$168

Est. Annual

$14

With Discounts/mo

$14

State Avg/mo

How Much Coverage Makes Sense

Renters insurance has two main pieces: personal property coverage, which pays to replace your belongings if they're stolen or damaged (think furniture, electronics, clothes), and liability coverage, which protects you if someone gets hurt in your unit or you accidentally damage someone else's property. Here's what we'd recommend for Franklin Park Apartments based on the rent level and building features.

Personal Property Coverage

$40,000 recommended
Low: $20,000 High: $60,000

Liability Coverage

$300,000 $300,000

Dog-friendly community — higher liability recommended for pet-related incidents

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near Franklin Park Apartments:

Carrier Est. Monthly Est. Annual Tier Buy Online
Lemonade $8 $96 budget Yes
USAA $9 $108 budget —
State Farm $12 $144 mid —
Progressive $13 $156 mid Yes
Safeco $13 $156 mid —
Travelers $14 $168 mid —
Allstate $15 $180 mid —
Nationwide $15 $180 mid —
Farmers $16 $192 premium —
Liberty Mutual $18 $216 premium —

Discounts You May Qualify For

Claims-free (if applicable)

Up to 10% off

Pay-in-full annual

Up to 7% off

Paperless/autopay

Up to 3% off

Multi-policy bundle

Up to 10% off

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Fees Beyond Rent

These are the additional charges beyond base rent at Franklin Park Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Pets Fees

Dog Deposit

Charged per pet.

$500

Cat Deposit

Charged per pet.

$500

Amenities

Special Features

New fitness center New key-fob controlled entry access New outdoor play area New bathroom vanity tops and accessories New bike racks On-site laundry facility Recently completed renovations New picnic and grilling areas Open and spacious floor plans Additional Exterior Storage Space Included New covered school bus shelter New swimming pool Off street parking Full-size washer and dryer connections New electronic deadbolt locking system New fully-equipped kitchen New kitchen cabinetry and countertops Patio or balcony Designer lighting and hardware package Fully renovated community clubhouse

Community Features

Business Center Walk-Up

Floor Plan Amenities

High Speed Internet Access Ceiling Fans Smoke Free Walk-In Closets

What's Within Reach

Groceries, pharmacies, gyms — the basics you'll want close by. Here's what's in the neighborhood around Franklin Park Apartments.

Grocery

  • La Moreliana Market 4.1
  • Rancho Grande Supermercado 4.1
  • H-E-B 4.2

Pharmacy

  • Amazon Pharmacy Home Delivery 1.9
  • Franklin Park Apartments 3.9
  • Alto Pharmacy 4.4

Hospital

  • St. David's South Austin Medical Center Emergency Room 4.1
  • Dell Seton Medical Center at The University of Texas - Emergency 4.1
  • St. David's South Austin Medical Center 4.3

Gym

  • Korrect Fitness 4.9
  • Gold's Gym Austin Southeast 3.8
  • Austin Barbell Club (South) 4.9

Restaurant

  • WhataKabob 4.7
  • Whole Lotta Soul 4.6
  • Polvos Truck 4.6

Park

  • Franklin Park Apartments 3.9
  • Lg

Bank

  • Franklin Park Apartments 3.9
  • Bank of America Financial Center 1.8
  • Bank of America Financial Center 1.9

Gas

  • Circle K | Gas Station 5.0
  • Circle K 2.3
  • Circle K | Gas Station 5.0

Pet Policy

Bringing a pet? Here's what Franklin Park Apartments allows — and keep in mind, if you have a dog, most insurance advisors recommend bumping your liability coverage to at least $300,000. Standard renters policies cover pet-related incidents, but the default $100,000 limit may not be enough if something happens.

Cats and Dogs Allowed

  • $500 Deposit
  • 40 lb Weight Limit
  • 2 Pet Limit

About Franklin Park Apartments

Conveniently located near the heart of Austin, TX, Franklin Park offers a variety of spacious 2, 3 and 4 bedroom apartment homes. Whether you plan to hunker down in our business center or relax in the comfort of our community clubhouse, we have made certain that there is something for everyone. So look no further, your new home is waiting for you at Franklin Park. *Franklin Park participates in the affordable housing program where income limits apply. Please visit our website for income limits and more information.

Year Built: 2004
Stories: 3
Total Units: 163
Management: Dominium
Phone: (737) 377-4278

Other Options Nearby

Still weighing your choices? These communities are in the same part of Austin — with their own insurance costs and safety profiles worth comparing.

3600 Capitol View (Slaughter) Apartments

Southeast Austin

$1,199 - $2,100 Ins: ~$13/mo

Ariza Easton Park Apartments

Southeast Austin

$1,220 - $2,300 Ins: ~$13/mo

Aspire at Onion Creek Apartments

Southeast Austin

$706 - $1,490 Ins: ~$13/mo

Bexley 3FIVE Apartments

Southeast Austin

$914 - $1,862 Ins: ~$14/mo

Bridge at Goodnight Ranch Apartments

Southeast Austin

$1,399 - $2,655 Ins: ~$13/mo

Bridge at Monarch Bluffs Apartments

Southeast Austin

$929 - $2,349 Ins: ~$14/mo

Frequently Asked Questions

Does Franklin Park Apartments require renters insurance?
We didn't find a public insurance requirement for Franklin Park Apartments, but that doesn't mean there isn't one. Many communities add the requirement during lease signing. It's worth asking the leasing office directly — and even if it's not required, a policy typically runs under $20/month and covers you against theft, fire, and liability.
How much is renters insurance at Franklin Park Apartments?
For this zip code and building type, expect to pay around $14/month ($168/year). Franklin Park Apartments has security features that qualify for discounts — with those applied, you could pay as little as $14/month. For context, the statewide average is $14/month, so this building is right around average.
What will I actually pay per month at Franklin Park Apartments?
Plan for $1,456 to $1,913/month all-in. That's base rent ($1,442 - $1,899), plus roughly $14/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does Franklin Park Apartments allow pets?
Yes, Franklin Park Apartments is pet-friendly. Here are the details: Cats and Dogs Allowed. $500 Deposit. 40 lb Weight Limit. 2 Pet Limit. If you have a pet, keep in mind that most renters insurance policies cover pet liability — but you may want to increase your liability limit, especially for larger breeds.
What floor plans does Franklin Park Apartments offer?
There are 2 floor plans to choose from, spanning 2-bedroom, 3-bedroom layouts. Rent ranges from $1,442 - $1,899. Your unit size can affect your insurance cost too — a larger unit typically means more belongings to cover.

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Disclaimer

The information on this page — including rent prices, fees, floor plans, amenities, insurance requirements, and safety data — is collected from publicly available sources and may not reflect the most current details. Apartment communities may update their offerings, policies, and pricing at any time. Always confirm details directly with the leasing office or the community's official website before making any decisions.

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