Old Shepard Place Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Mar 31, 2026

Thinking about renting at Old Shepard Place Apartments in Plano? Rent here runs $1,233 - $3,169, and renters insurance adds about $15/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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1520 Preston Rd, Plano, TX 75093

Plano

Built 1989 2 stories 244 units
4/5 ·97 reviews Apt. Finder
$1,233 - $3,169 /month

Monthly Cost Breakdown at Old Shepard Place Apartments

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

Total Monthly Cost $1,248 – $3,184
Base Rent $1,233 – $3,169
Required Monthly Fees $0
Est. Renters Insurance $15/mo

Renters Insurance at Old Shepard Place Apartments

What Affects Your Premium Here

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

Older Building

Built in 1989 — older plumbing/electrical may increase risk

Gated Community

Gated access reduces theft risk — may qualify for security discount

Controlled Access

Electronic/key fob entry — reduces unauthorized entry risk

Dog-Friendly

Dogs allowed — consider higher liability coverage

NeighborhoodScout

Safer than only 1% of US cities

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 Old Shepard Place Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$50,000 recommended

If you own less

$30,000

If you own more

$75,000

Liability

Covers accidental harm & lawsuits

$300,000 recommended

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 Old Shepard Place Apartments:

Carrier Monthly Annual
Lemonade $8/mo $96/yr
USAA $9/mo $108/yr
State Farm $12/mo $144/yr
Progressive $13/mo $156/yr
Safeco $13/mo $156/yr
Travelers $14/mo $168/yr
Allstate $15/mo $180/yr
Nationwide $15/mo $180/yr
Farmers $16/mo $192/yr
Liberty Mutual $18/mo $216/yr

Discounts You May Qualify For

Gated community
-5%
Controlled access
-3%
Claims-free (if applicable)
-10%
Pay-in-full annual
-7%
Paperless/autopay
-3%
Multi-policy bundle
-10%

Next Step

See if you can beat $14/mo

6 discounts may apply here. Real quotes show your actual price — estimates can't.

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Property Crime & Theft Risk

Renters insurance pricing is driven by property crime — theft, burglary, and vehicle break-ins — not violent crime. Here's what the FBI's Uniform Crime Reporting data shows for Plano.

On-Site Security

Controlled access Property manager on site Gated Covered parking

Fees Beyond Rent

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

Required Fees

Application Fee Per Applicant

$65

Administrative Fee

$150

Pets Fees

Cat Deposit

$200

Dog Deposit

$200

Cat Fee

$300

Dog Fee

$300

Cat Rent

$20 / mo

Dog Rent

$20 / mo

Parking Fees

Parking Fee

N/A / mo

Amenities

Special Features

Appliance Package Designer Lighting Package Full-size Washer and Dryer Night Patrol Pet Park Resident Lounge with Pool and Shuffleboard Tables Ceiling Fans in Bedrooms Dark Brown Hardwood Flooring Carport Spanish Speaking Staff Tech Conference Room Amazing Views Available Kitchen Pantries* Pickleball Court Spacious Patio or Balcony with Storage Room Double Kitchen Sinks Fireplace with Marble Hearth* BBQ/Picnic Area Cafe Bar Walk-In Bedroom Closet

Community Features

Trash Pickup - Curbside Car Wash Area Business Center Clubhouse Lounge Multi Use Room Storage Space Conference Rooms Walk-Up Cabana Courtyard Grill Picnic Area Fitness Center Pool Playground Basketball Court Tennis Court Volleyball Court Pickleball Court

Floor Plan Amenities

High Speed Internet Access Washer/Dryer Air Conditioning Heating Ceiling Fans Smoke Free Cable Ready Security System Storage Space Tub/Shower Fireplace Dishwasher Disposal Ice Maker Granite Countertops Stainless Steel Appliances Pantry Kitchen Microwave Oven Range Refrigerator Hardwood Floors Carpet Bay Window Walk-In Closets Linen Closet Window Coverings Balcony Patio

What's Within Reach

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

Grocery

  • Whole Foods Market 4.4
  • Whole Foods Market 4.4
  • Market Street 4.5

Hospital

  • Baylor Scott & White Medical Center - Plano Emergency Department 4.1
  • Baylor Scott & White The Heart Hospital - Plano Emergency Room 3.9
  • Baylor Scott & White Medical Center - Plano 3.8

Gym

  • Crunch Fitness - Plano 4.6
  • EōS Fitness 4.5
  • NexGen Fitness 4.8

Restaurant

  • PINSTACK 4.3
  • Zio Al's Pizza & Pasta - North Dallas 4.6
  • Dave's Hot Chicken 4.7

Park

  • Old Shepard Place 4.3
  • GeVica Biosciences 5.0

Bank

  • Credit Union of Texas 2.3
  • Bank of America (with Drive-thru ATM) 4.9
  • Bank of America (with Drive-thru ATM) 2.9

Gas

  • Shell 3.3
  • QuikTrip 3.9
  • Shell 3.6

Pet Policy

Bringing a pet? Here's what Old Shepard Place 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 and Cats Allowed

  • $200 Deposit
  • $20 Monthly Pet Rent
  • $300 Fee
  • 2 Pet Limit

About Old Shepard Place Apartments

Old Shepard Place brings together classic styling and an exciting combination of features to create an exceptional environment to call home. You'll find the features of our one and two-bedroom apartments most fitting to your lifestyle. Old Shepard Place offers you a Preston Road address in one of Plano's most prestigious neighborhoods. Nearby, you'll find lovely country clubs, great restaurants, and convenient shopping. The North Dallas Tollway and FM 544 offer easy access to Plano and North Dallas including the Galleria, major employers and downtown. If you appreciate quality, comfort and convenience, we invite you to Old Shepard Place.

Year Built: 1989
Stories: 2
Total Units: 244
Phone: (469) 640-8879

Other Options Nearby

Still weighing your choices? These communities are in the same part of Plano — compare rent and estimated insurance cost side by side.

Avalon West Plano Apartments

Plano

$1,290 - $3,180 Ins: ~$12/mo

Colonnade at Willow Bend Apartments

Plano

$1,196 - $3,227 Ins: ~$15/mo

Evoke Apartments

Plano

$1,350 - $2,936 Ins: ~$12/mo

Richmond Apartments

Plano

$920 - $3,310 Ins: ~$15/mo

The Ellington Apartments

Plano

$1,420 - $2,295 Ins: ~$15/mo

The Orchards at Market Plaza 55+ Active Adult Apartments

Plano

$1,822 - $3,053 Ins: ~$15/mo

Frequently Asked Questions

Does Old Shepard Place Apartments require renters insurance?
We didn't find a public insurance requirement for Old Shepard Place 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 Old Shepard Place Apartments?
For this zip code and building type, expect to pay around $15/month ($176/year). Old Shepard Place 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 Old Shepard Place Apartments?
Plan for $1,248 to $3,184/month all-in. That's base rent ($1,233 - $3,169), 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 Old Shepard Place Apartments allow pets?
Yes, Old Shepard Place Apartments is pet-friendly. Here are the details: Dogs and Cats Allowed. $200 Deposit. $20 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 Old Shepard Place Apartments offer?
There are 3 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $1,233 - $3,169. 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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