1050 NW 2nd Street Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at 1050 NW 2nd Street Apartments in Little Havana? Rent here runs $1,243 – $2,242, and renters insurance adds about $22/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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1050 NW 2nd St, Miami, FL 33128

Little Havana

Built 1925 3 stories 24 units
4.2/5 ·234 reviews Google
2 reviews Apt. Finder
$1,243 – $2,242 /month

Monthly Cost Breakdown at 1050 NW 2nd Street Apartments

The listed rent isn't the whole number. Here's what 1050 NW 2nd Street Apartments actually costs each month once you add required fees and insurance.

Total Monthly Cost $1,265 – $2,264
Base Rent $1,243 – $2,242
Est. Renters Insurance $22/mo

Renters Insurance at 1050 NW 2nd Street Apartments

What Affects Your Premium Here

Every building is different. These factors specific to 1050 NW 2nd Street Apartments can push your insurance cost up or down:

Older Building

Built in 1925 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

FEMA Flood Zone

Zone AE — High-risk flood area with base flood elevation. Flood insurance strongly recommended.

FBI UCR

Property crime rate: 2477/100K (57% above national average)

What You'll Likely Pay

$22

Est. Monthly

$269

Est. Annual

$16

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 1050 NW 2nd Street 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

$100,000 recommended

Standard minimum for most lease requirements in Florida. Cats present minimal liability risk vs dogs.

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near 1050 NW 2nd Street Apartments:

Carrier Monthly Annual
Lemonade $11/mo $134/yr
USAA $13/mo $150/yr
State Farm $17/mo $200/yr
Progressive $18/mo $217/yr
Safeco $18/mo $217/yr
Travelers $19/mo $234/yr
Allstate $21/mo $250/yr
Nationwide $21/mo $250/yr
Farmers $22/mo $267/yr
Liberty Mutual $25/mo $301/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 $22/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 Miami.

Miami property crime rate

2,477

per 100K residents

57% above U.S. avg

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

Breakdown per 100K residents

Burglary
232 / 200
Larceny / theft
1,994 / 1,172
Vehicle theft
252 / 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. 1050 NW 2nd Street Apartments also has on-site security features (Perimeter fencing) that insurers recognize with discounts.

Source: FBI UCR Program, Miami (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.

Noise Common topic
4×
Water Damage Mentioned
1×
Fire Mentioned
1×
Maintenance Issues Mentioned
1×

On-Site Security

Perimeter fencing

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for 1050 NW 2nd Street Apartments.

FEMA Zone AE — High-risk flood area with base flood elevation

Flood insurance strongly recommended — standard renters policies exclude flood damage.

What to know about flood insurance as a renter:

  • Your landlord's building policy does not cover your belongings
  • NFIP (National Flood Insurance Program) offers renters policies starting around $99/year
  • Private carriers (Neptune, Wright Flood) may offer lower rates
  • Most flood claims in this zone are for personal property, not structural damage

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 1050 NW 2nd Street Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Application Fee Per Applicant

Charged per applicant.

$50

Administrative Fee

Charged per unit.

Amenities

Community Features

Laundry Facilities Pet Play Area Fenced Lot Courtyard Picnic Area Playground

Floor Plan Amenities

High Speed Internet Access Air Conditioning Heating Security System Tub/Shower Kitchen Oven Refrigerator Freezer Warming Drawer Dining Room Window Coverings

Pet Policy

Bringing a pet? Here's what 1050 NW 2nd Street Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.

Birds, Cats, Fish, and Reptiles Allowed
30 lb Weight Limit

About 1050 NW 2nd Street Apartments

Year Built: 1925
Stories: 3 stories
Units: 24
Phone: (786) 789-3601

From the property listing:

1050 NW 2nd Street offers a mixture of comfort, style, and quality. Located at 1050 NW 2nd St in Miami, this community is perfectly situated for work or play. The professional leasing staff is ready to help you find the perfect apartment. Drop by the leasing office to discuss your new apartment and see 1050 NW 2nd Street.

Other Options Nearby

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

10X Miami River Apartments

Little Havana

$2,191 - $8,249 Ins: ~$18/mo
FEMA Zone AE — flood risk

1376 SW 4th St Apartments

Little Havana

$1,365 - $5,100 Ins: ~$17/mo
FEMA Zone AH — flood risk

1521 SW 7 Street Apartments

Little Havana

$1,099 - $2,244 Ins: ~$22/mo

634 SW 2ND Apartments

Little Havana

$2,570 Ins: ~$21/mo
FEMA Zone AE — flood risk

Aerie Apartments

Little Havana

$1,070 - $1,250 Ins: ~$18/mo
FEMA Zone AE — flood risk

Alhambra Apartments

Little Havana

$2,195 - $2,295 Ins: ~$22/mo

Frequently Asked Questions

Does 1050 NW 2nd Street Apartments require renters insurance?
We didn't find a public insurance requirement for 1050 NW 2nd Street 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 1050 NW 2nd Street Apartments?
For this zip code and building type, expect to pay around $22/month ($269/year). For context, the statewide average is $16/month, so this building is above average.
What will I actually pay per month at 1050 NW 2nd Street Apartments?
Plan for $1,265 to $2,264/month all-in. That's base rent ($1,243 – $2,242), plus roughly $22/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does 1050 NW 2nd Street Apartments allow pets?
Yes, 1050 NW 2nd Street Apartments is pet-friendly. Here are the details: Birds, Cats, Fish, and Reptiles Allowed. 30 lb Weight Limit. Standard renters insurance covers pet-related liability at no extra cost.
How safe is the area around 1050 NW 2nd Street Apartments?
Property crime in Miami runs noticeably higher than the national average — 2,477 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 232/100K here. On the property itself, you'll find perimeter fencing — features that can qualify for premium discounts.
Does 1050 NW 2nd Street Apartments need flood insurance?
This property sits in FEMA flood zone AE (High-risk flood area with base flood elevation). Standard renters insurance does not cover flood damage — you'd need a separate flood policy or endorsement. The National Flood Insurance Program (NFIP) offers renters policies starting around $99/year, and private carriers like Neptune and Wright Flood may offer competitive rates.
What floor plans does 1050 NW 2nd Street Apartments offer?
There are 3 floor plans to choose from, spanning 1-bedroom, 2-bedroom, studio layouts. Rent ranges from $1,243 – $2,242. 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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