The 704 Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 04, 2026

Thinking about renting at The 704 Apartments in South Central Austin? With rent at $949 - $18,509 and renters insurance running about $13/mo, we've put together what you need to know before you sign — including which carriers offer the best rates for this building and what your lease actually requires.

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3401 S Lamar Blvd, Austin, TX 78704

South Central Austin

Managed by CWS Capital Partners Built 2013 4 stories 378 units
4/5 ·1 reviews
$949 - $18,509 /month

Monthly Cost Breakdown at The 704 Apartments

The rent you see on a listing isn't the whole story. Between required monthly fees and renters insurance, the real number at The 704 Apartments is higher than the sticker price. Here's the full picture.

Total Monthly Cost $1,043 – $18,603
Base Rent $949 – $18,509
Required Monthly Fees $81
Est. Renters Insurance $13/mo

What You Need to Know About Insurance at The 704 Apartments

What Affects Your Premium Here

Every building is different. These factors specific to The 704 Apartments can push your insurance cost up or down:

Controlled Access

Electronic/key fob entry — reduces unauthorized entry risk

NeighborhoodScout

Safer than only 1% of US cities

What You'll Likely Pay

$13

Est. Monthly

$160

Est. Annual

$13

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 The 704 Apartments based on the rent level and building features.

Personal Property Coverage

$75,000 recommended
Low: $40,000 High: $100,000

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 The 704 Apartments:

Carrier Est. Monthly Est. Annual Tier Digital
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

Controlled access

Up to 3% off

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 extra charges The 704 Apartments tacks on top of base rent. Some are monthly, some are one-time — but they all affect your budget.

Required Fees

Trash chutes

Charged per unit.

$12 / mo

Valet Trash

Charged per unit.

$20 / mo

Pest Control

Charged per unit.

$4 / mo

Administrative Fee

Charged per unit.

$4 / mo

Amenity Fee

Charged per unit.

$5 / mo

Application Fee Per Applicant

Charged per applicant.

$65

Administrative Fee

Charged per unit.

$175

Pets Fees

Dog Deposit

Charged per pet.

$200

Dog Fee

Charged per pet.

$300

Dog Rent

Charged per pet.

$15 / mo

Cat Deposit

Charged per pet.

$200

Cat Fee

Charged per pet.

$300

Cat Rent

Charged per pet.

$15 / mo

Parking Fees

Parking Fee

Charged per vehicle.

$0.01 - $100 / mo

Garage Lot

Safety & Security

The neighborhood around your apartment directly affects your renters insurance rate — carriers charge more in higher-crime zip codes and less where theft and property damage are rare. Here's what the data says about the area around The 704 Apartments.

1%

Austin overall is safer than only 1% of U.S. cities

This is a city-wide stat — your actual neighborhood may differ. The good news: The 704 Apartments has on-site security features (Package service, Controlled access, Property manager on site, Doorman, Package lockers, Covered parking, Perimeter fencing) that insurers recognize with premium discounts.

On-Site Security

Package service Controlled access Property manager on site Doorman Package lockers Covered parking Perimeter fencing

Amenities

Special Features

Outdoor Fire Pit Patio or Balcony 2 Sparkling Swimming Pools 24-Hour Controlled Access Package Room Charcoal Finish Granite Countertops Fully Furnished Corporate Housing Upon Request Large Outdoor Patio Storage Spaces Bark Park Live/Work Homes Available WiFi Throughout Social Spaces Large Wrap-Around Balcony Private Yard Downtown Austin Views Expansive Sundeck Fenced Yard Outdoor Grill Stations ADA Accessible Unit Extra Tall Ceilings Throughout Sand Finish Granite Countertops Serene Park-Like Setting With Picnic Areas Double Vanity in Bathroom Top Floor Unit 24-Hour Fitness Center With Cycle & Yoga Studio

Community Features

Laundry Facilities Maintenance on site Doorman Furnished Units Available On-Site Retail Trash Pickup - Door to Door Planned Social Activities Pet Play Area Public Transportation Key Fob Entry Elevator Business Center Clubhouse Lounge Storage Space Disposal Chutes Roof Terrace Sundeck Courtyard Grill Picnic Area Fitness Center Pool Bicycle Storage Walking/Biking Trails

Floor Plan Amenities

Wi-Fi Washer/Dryer Washer/Dryer Hookup Air Conditioning Ceiling Fans Cable Ready Double Vanities Dishwasher Disposal Granite Countertops Stainless Steel Appliances Pantry Island Kitchen Kitchen Microwave Oven Refrigerator Hardwood Floors Carpet Built-In Bookshelves Views Walk-In Closets Furnished Window Coverings Large Bedrooms Balcony Patio Yard

Pet Policy

Bringing a pet? Here's what The 704 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 Allowed

  • $200 Deposit
  • $15 Monthly Pet Rent
  • $300 Fee
  • 2 Pet Limit

About The 704 Apartments

Envision a luxury apartment in Austin that offers equal access to downtowns best destinations and the beautiful Barton Creek Greenbelt Trail. At The 704, youll be minutes from these and more, in a pet-friendly apartment equipped with all the next-level features and amenities youre looking for. Commuters will appreciate our game-changing proximity to the areas best employers, while easy access to U.S. 290 and Loop 360 will make short work of your longest days. Available in open-concept studio, one, and two bedroom layouts as well as our work/live and SMART homes, these ultra-desirable apartments South Lamar are the key to exceptional living in Austin.

Year Built: 2013
Stories: 4
Total Units: 378
Management: CWS Capital Partners
Phone: (737) 377-2232

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.

1155 Barton Springs Apartments

South Central Austin

$3,600 - $6,499 Ins: ~$12/mo

Cole Apartments

South Central Austin

$1,632 - $7,980 Ins: ~$13/mo

Fifteen15 South Lamar Apartments

South Central Austin

$1,311 - $3,351 Ins: ~$12/mo

Mission James Place Apartments

South Central Austin

$885 - $2,012 Ins: ~$15/mo

South Lamar Village Apartments

South Central Austin

$896 - $3,431 Ins: ~$15/mo

Stoney Ridge Apartments

South Central Austin

$1,025 - $1,660 Ins: ~$15/mo

Frequently Asked Questions

Does The 704 Apartments require renters insurance?
We didn't find a public insurance requirement for The 704 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 The 704 Apartments?
For this zip code and building type, expect to pay around $13/month ($160/year). The 704 Apartments has security features that qualify for discounts — with those applied, you could pay as little as $13/month. For context, the statewide average is $14/month, so this building is below average.
What will I actually pay per month at The 704 Apartments?
Plan for $1,043 to $18,603/month all-in. That's base rent ($949 - $18,509), plus $81/month in required fees (trash, utilities, etc.), plus roughly $13/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does The 704 Apartments allow pets?
Yes, The 704 Apartments is pet-friendly. Here are the details: Cats Allowed. $200 Deposit. $15 Monthly Pet Rent. $300 Fee. 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 The 704 Apartments offer?
There are 21 floor plans to choose from, spanning 1-bedroom, 2-bedroom, studio layouts. Rent ranges from $949 - $18,509. 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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