Lake Colony Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Mar 31, 2026

Thinking about renting at Lake Colony Apartments in Garland? Rent here runs $803 - $2,408, and renters insurance adds about $16/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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4605 Chaha Rd, Garland, TX 75043

Garland

Managed by Greystar Built 1975 2 stories 404 units
2/5 ·4 reviews
$803 - $2,408 /month

Monthly Cost Breakdown at Lake Colony Apartments

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

Total Monthly Cost $842 – $2,447
Base Rent $803 – $2,408
Required Monthly Fees $23
Est. Renters Insurance $16/mo

Renters Insurance at Lake Colony Apartments

What Affects Your Premium Here

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

Older Building

Built in 1975 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

Dog-Friendly

Dogs allowed — consider higher liability coverage

What You'll Likely Pay

$16

Est. Monthly

$193

Est. Annual

$16

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 Lake Colony 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 Lake Colony 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 Lake Colony Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Pest Control Administrative Fee

Amount to manage pest control billing.

$3 / mo

Trash Administrative Fee

Amount to manage trash service billing.

$3 / mo

Trash Services - Hauling

Amount for shared trash/waste services.

$8 / mo

Utility - Water/Sewer

Usage-Based (Utilities).Amount for provision and/or consumpt... Read Moreion of water and sewer services Read Less

Varies

Renters Liability Insurance - Third Party

Amount for renters liability insurance obtained through resi... Read Moredent's provider of choice. Read Less

Varies

Utility - Electric - Third Party

Usage-Based (Utilities).Amount for provision and consumption... Read More of electric paid to a third party. Read Less

Varies

Application Fee

Amount to process application, initiate screening, and take ... Read Morea rental home off the market. Read Less

$50

Administrative Fee

Amount to facilitate move-in process for a resident.

$150

Pets Fees

Pet Deposit

Monthly amount for authorized pet.

$400

Pet Rent

Monthly amount for authorized pet.

$15 / mo

Monthly Pet Fee

$16 / mo

Addons Fees

Pet Fee

Amount to facilitate authorized pet move-in.

$400

Renters Liability/Content - Property Program

Amount to participate in the property Renters Liability Pro... Read Moregram. Read Less

$14.5 / mo

Situational Fees

Month-to-Month Fee

Amount, in addition to base rent, for a month-to-month lease

$250 / mo

Renters Liability Only - Non-Compliance

Amount for not maintaining required Renters Liability Policy

$10.75 / occurence

Utility - Vacant Processing Fee

Amount for failing to transfer utilities into resident name.

$50 / occurence

Access Device - Replacement

Amount to obtain a replacement access device for community; ... Read Morefobs, keys, remotes, access passes. Read Less

$50 / occurence

Returned Payment Fee (NSF)

Amount for returned payment.

$75 / occurence

Early Lease Termination/Cancellation

Amount to terminate lease earlier than lease end date; exclu... Read Moredes rent and other charges. Read Less

150% of base rent / occurence

Reletting Fee

Marketing fee related to early lease termination; excludes r... Read Moreent and other charges. Read Less

85% of base rent / occurence

Late Fee

Amount for paying after rent due date; per terms of lease.

9.99% of base rent / occurence

Utility - Vacant Cost Recovery

Usage-Based (Utilities).Amount for utility usage not transfe... Read Morerred to resident responsibility any time during occupancy. Read Less

Varies

Lease Violation - Extermination Services

Amount for violation of pest-related community policies.

Varies

Legal/Eviction Fees

Amount for legal expenses incurred for lease violations.

Varies

Liquidated Damages

Amount for not satisfying the application and/or lease terms

Varies

Payment Services - Third Party

Amount for using a third party, electronic payment processin... Read Moreg service (i.e. credit card, ACH, etc.). Read Less

Varies

Pet/Animal - Lease Violation

Amount for violation of community policies related to pet or... Read More assistance animal. Read Less

Varies

Lease Violation

Amount for violation of community policies and/or per lease ... Read Moreterms. Read Less

Varies

Amenities

Special Features

App Dishwasher App Refrigerator App W/D Appliances Stainless Bark Park Closet Walk-in Flooring Hardwood Svc Air Conditioning Svc Cable

Community Features

Laundry Facilities Maintenance on site Business Center Pool

Floor Plan Amenities

High Speed Internet Access Air Conditioning Smoke Free Fireplace Dishwasher Refrigerator Quartz Countertops Balcony Patio

Pet Policy

Bringing a pet? Here's what Lake Colony 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.

Dogs Allowed

  • $400 Deposit
  • $16 Monthly Pet Rent
  • 2 Pet Limit

About Lake Colony Apartments

Amazing Lake Ray Hubbard location, quiet comforts, for your active lifestyle. Experience peaceful, cozy living complete with refreshing swimming pools, private patios, and wood-burning fireplaces. Unprecedented access to lake activities and the Metroplexs top attractions, brushed nickel hardware, wood-style flooring, and quartz countertops all come standard in your apartment home at Lake Colony. Pair World-class sports entertainment, outdoor activities, and a prime location to enjoy that Dallas culture, with spacious floor plans and youve found your next home.

Year Built: 1975
Stories: 2
Total Units: 404
Management: Greystar
Phone: (469) 757-4809

Other Options Nearby

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

Frequently Asked Questions

Does Lake Colony Apartments require renters insurance?
We didn't find a public insurance requirement for Lake Colony 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 Lake Colony Apartments?
For this zip code and building type, expect to pay around $16/month ($193/year). Lake Colony Apartments has security features that qualify for discounts — with those applied, you could pay as little as $16/month. For context, the statewide average is $14/month, so this building is right around average.
What will I actually pay per month at Lake Colony Apartments?
Plan for $842 to $2,447/month all-in. That's base rent ($803 - $2,408), plus $23/month in required fees (trash, utilities, etc.), plus roughly $16/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does Lake Colony Apartments allow pets?
Yes, Lake Colony Apartments is pet-friendly. Here are the details: Dogs Allowed. $400 Deposit. $16 Monthly Pet Rent. 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 Lake Colony Apartments offer?
There are 26 floor plans to choose from, spanning 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom, studio layouts. Rent ranges from $803 - $2,408. 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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