1540 Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Mar 31, 2026

Thinking about renting at 1540 Apartments in Dallas? With rent at $850 - $1,225 and renters insurance running about $15/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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1540 Chenault St, Dallas, TX 75228

Dallas

Built 1985 2 stories 133 units
4/5 ·9 reviews
$850 - $1,225 /month

Monthly Cost Breakdown at 1540 Apartments

The rent you see on a listing isn't the whole story. Between required monthly fees and renters insurance, the real number at 1540 Apartments is higher than the sticker price. Here's the full picture.

Total Monthly Cost $905 – $1,280
Base Rent $850 – $1,225
Required Monthly Fees $40
Est. Renters Insurance $15/mo

What You Need to Know About Insurance at 1540 Apartments

What Affects Your Premium Here

Every building is different. These factors specific to 1540 Apartments can push your insurance cost up or down:

Older Building

Built in 1985 — older plumbing/electrical may increase risk

Gated Community

Gated access reduces theft risk — may qualify for security discount

What You'll Likely Pay

$15

Est. Monthly

$176

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 1540 Apartments based on the rent level and building features.

Personal Property Coverage

$30,000 recommended
Low: $15,000 High: $50,000

Liability Coverage

$100,000 $100,000

Standard minimum for most lease requirements in Texas

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near 1540 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

Gated community

Up to 5% 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 1540 Apartments tacks on top of base rent. Some are monthly, some are one-time — but they all affect your budget.

Required Fees

Community Fee

$10 / mo

Application Fee Per Applicant

$85

Administrative Fee

$150

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 1540 Apartments.

On-Site Security

Security system Gated

Amenities

Community Features

Laundry Facilities Clubhouse Courtyard Fitness Center

Floor Plan Amenities

High Speed Internet Access Washer/Dryer Heating Smoke Free Fireplace Dishwasher Disposal Refrigerator Carpet Vaulted Ceiling Walk-In Closets Balcony

What's Within Reach

Groceries, pharmacies, gyms — the basics you'll want close by. Here's what's in the neighborhood around 1540 Apartments.

Grocery

  • WFM Coffee Bar 4.3
  • Walmart Supercenter 3.9
  • El Rio Grande Latin Market 4.2

Hospital

  • Emergency Room at White Rock Medical Center 3.4
  • Baylor University Medical Center, part of Baylor Scott & White Health Emergency Room 3.6
  • Lakewood Emergency Room 4.7

Restaurant

  • Circle Grill 4.3
  • La Familiar Restaurant y Panadería 🥯 4.9
  • The Whistling Pig Neighborhood Pub 4.4

Park

  • Harry Stone Park 4.5
  • Harry Stone Recreation Center 4.3
  • Casa Linda Park 4.5

Bank

  • Credit Union of Texas 3.5
  • Fifteen Forty Apartments 3.5
  • Bank of America (with Drive-thru ATM) 3.3

Pet Policy

Bringing a pet? Here's what 1540 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.

  • Pet policies are negotiable.

About 1540 Apartments

Welcome to 1540 Apartments, where modern living meets comfort and convenience. Our thoughtfully designed community offers a variety of floor plans to suit your lifestyle needs. **Available Floor Plans:** ? Spacious 2-bedroom, 2-bathroom units ? Cozy 1-bedroom, 1-bathroom apartments ? Comfortable 2-bedroom, 1-bathroom homes **Location Benefits:** Enjoy a peaceful residential setting just minutes from White Rock Lake, Casa Linda Plaza, shopping, dining, and major highways for an easy commute **Offering 12 Month leases Contact us today to schedule a tour and discover why 1540 Apartments is the perfect place to call home. Our professional leasing team is ready to help you find your ideal living space.

Year Built: 1985
Stories: 2
Total Units: 133
Phone: (469) 949-1658

Other Options Nearby

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

Arlo Apartments

Dallas

$1,295 - $1,870 Ins: ~$16/mo

Aulden at The Highlands Apartments

Dallas

$700 - $1,545 Ins: ~$15/mo

Aventine at Kessler Park Apartments

Dallas

$1,040 - $1,855 Ins: ~$13/mo

Birchstone Cedar Ridge Apartments

Dallas

$1,245 - $5,129 Ins: ~$13/mo

Cedar Glen Apartments

Dallas

$970 - $1,895 Ins: ~$15/mo

Eleven600 Apartments

Dallas

$799 - $1,374 Ins: ~$15/mo

Frequently Asked Questions

Does 1540 Apartments require renters insurance?
We didn't find a public insurance requirement for 1540 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 1540 Apartments?
For this zip code and building type, expect to pay around $15/month ($176/year). 1540 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 1540 Apartments?
Plan for $905 to $1,280/month all-in. That's base rent ($850 - $1,225), plus $40/month in required fees (trash, utilities, etc.), plus roughly $15/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does 1540 Apartments allow pets?
Yes, 1540 Apartments is pet-friendly. Here are the details: Pet policies are negotiable.. 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 1540 Apartments offer?
There are 3 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $850 - $1,225. 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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