Parkwood Square Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at Parkwood Square Apartments in West Arlington? Rent here runs $995 – $1,295, 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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4019 Park Square Dr, Arlington, TX 76013

West Arlington

Built 1984 2 stories 106 units
3.8/5 ·83 reviews Google
Apt. Finder
$995 – $1,295 /month

Monthly Cost Breakdown at Parkwood Square Apartments

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

Total Monthly Cost $1,098 – $1,398
Base Rent $995 – $1,295
Required Monthly Fees $88
Est. Renters Insurance $15/mo

Renters Insurance at Parkwood Square Apartments

What Affects Your Premium Here

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

Older Building

Built in 1984 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

Dog-Friendly

Dogs allowed — consider higher liability coverage

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 2057/100K (30% above national average)

What You'll Likely Pay

$15

Est. Monthly

$176

Est. Annual

$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 Parkwood Square Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$25,000 recommended

If you own less

$15,000

If you own more

$40,000

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 Parkwood Square 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

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

Next Step

See if you can beat $15/mo

4 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 Arlington.

Arlington property crime rate

2,057

per 100K residents

30% above U.S. avg

U.S. avg is 1,578 per 100K

Breakdown per 100K residents

Burglary
211 / 200
Larceny / theft
1,607 / 1,172
Vehicle theft
239 / 206

U.S. average

Higher-than-average property crime is why insurance carriers charge more in this zip code — your premium reflects the claims frequency for the area. Parkwood Square Apartments also has on-site security features (Property manager on site) that insurers recognize with discounts.

Source: FBI UCR Program, Arlington (2024-12 to 2025-11)

What Residents Are Saying

Based on Google reviews, here are the issues residents mention most often — and the ones that matter when choosing your coverage. Longer bars indicate more frequent discussion.

Maintenance Issues Common topic

On-Site Security

Property manager on site

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for Parkwood Square Apartments.

FEMA Zone X (Area Of Minimal Flood Hazard) — Minimal flood risk

Flood insurance optional but inexpensive in this zone.

Flood zone data from FEMA National Flood Hazard Layer (NFHL). Zones can change — verify at FEMA Flood Map Service.

Fees Beyond Rent

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

Required Fees

Pest Control

Charged per unit.

$15 / mo

Trash

Charged per unit.

$28 / mo

Application Fee Per Applicant

Charged per applicant.

$65

Administrative Fee

Charged per unit.

$125

Application Fee Couple

Charged per unit.

$95

Pets Fees

Pet Deposit

Max of 2. Charged per pet.

$200

One-Time Pet Fee

Max of 2. Charged per pet.

$300 - $300

Monthly Pet Fee

Max of 2. Charged per pet.

$25 / mo

Parking Fees

Parking Deposit

Charged per vehicle.

Free

Surface Lot

Total Parking - 200 spaces

Amenities

Special Features

White Appliance Package Close to Lake Arlington All-Black Appliance Package Close to Schools, Shopping, and Parks Renovated Apartment Interiors Fully Equipped Kitchens Online Resident Portal Pet Friendly Stackable In-Home Washer & Dryer

Community Features

Laundry Facilities Maintenance on site Online Services Walk-Up Pool

Floor Plan Amenities

Washer/Dryer Air Conditioning Heating Ceiling Fans Cable Ready Dishwasher Disposal Pantry Kitchen Oven Range Refrigerator Freezer Hardwood Floors Carpet Vinyl Flooring High Ceilings Vaulted Ceiling Walk-In Closets Loft Layout

Pet Policy

Bringing a pet? Here's what Parkwood Square 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, Dogs, and Other Pets Allowed
$200 Deposit
$25 Monthly Pet Rent
$300 Fee
75 lb Weight Limit
2 Pet Limit

About Parkwood Square Apartments

Year Built: 1984
Stories: 2 stories
Units: 106
Phone: (682) 297-5237

From the property listing:

Nestled in the quiet charm of Arlington’s Pantego neighborhood near Dalworthington Gardens, Parkwood Square Estates offers a warm, welcoming lifestyle in an established community you’ll be proud to call home. Our thoughtfully maintained one- and two-bedroom apartment homes feature spacious layouts, walk-in closets, fully equipped kitchens, and central air and heating for year-round comfort. Select residences also include stylish upgrades like modern appliances and refreshed interiors.

Other Options Nearby

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

Frequently Asked Questions

Does Parkwood Square Apartments require renters insurance?
We didn't find a public insurance requirement for Parkwood Square 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 Parkwood Square Apartments?
For this zip code and building type, expect to pay around $15/month ($176/year). For context, the statewide average is $14/month, so this building is right around average.
What will I actually pay per month at Parkwood Square Apartments?
Plan for $1,098 to $1,398/month all-in. That's base rent ($995 – $1,295), plus $88/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 Parkwood Square Apartments allow pets?
Yes, Parkwood Square Apartments is pet-friendly. Here are the details: Cats, Dogs, and Other Pets Allowed. $200 Deposit. $25 Monthly Pet Rent. $300 Fee. 75 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.
How safe is the area around Parkwood Square Apartments?
Property crime in Arlington runs noticeably higher than the national average — 2,057 incidents per 100,000 residents versus the U.S. average of 1,578. That's the metric insurance carriers care about most for renters coverage, since property crime (theft, burglary, vehicle break-ins) drives most claims. Burglary specifically is 211/100K here. On the property itself, you'll find property manager on site — features that can qualify for premium discounts.
What floor plans does Parkwood Square Apartments offer?
There are 4 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $995 – $1,295. 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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