Miami, FL

2994 NW 54th St Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at 2994 NW 54th St Apartments in Brownsville? Rent here runs $1,500 – $2,000, and renters insurance adds about $23/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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2994 NW 54th St, Miami, FL 33142

Brownsville

Built 1923 2 stories 7 units
3.8/5 ·21 reviews Google
Apt. Finder
$1,500 – $2,000 /month

Monthly Cost Breakdown at 2994 NW 54th St Apartments

The listed rent isn't the whole number. Here's what 2994 NW 54th St Apartments actually costs each month once you add required fees and insurance.

Total Monthly Cost $1,523 – $2,023
Base Rent $1,500 – $2,000
Est. Renters Insurance $23/mo

Renters Insurance at 2994 NW 54th St Apartments

What Affects Your Premium Here

Every building is different. These factors specific to 2994 NW 54th St Apartments can push your insurance cost up or down:

Older Building

Built in 1923 — older plumbing/electrical may increase risk

Gated Community

Gated access reduces theft risk — may qualify for security discount

Theft Reports

2 mentions in Google reviews

Security System Issues

1 mentions of broken gates, cameras, or locks in reviews

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

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

What You'll Likely Pay

$23

Est. Monthly

$280

Est. Annual

$22

With Discounts/mo

$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 2994 NW 54th St Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$30,000 recommended

If you own less

$20,000

If you own more

$50,000

Liability

Covers accidental harm & lawsuits

$100,000 recommended

Standard minimum for most lease requirements in Florida

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near 2994 NW 54th St Apartments:

Carrier Monthly Annual
Lemonade $12/mo $139/yr
USAA $13/mo $156/yr
State Farm $17/mo $208/yr
Progressive $19/mo $226/yr
Safeco $19/mo $226/yr
Travelers $20/mo $243/yr
Allstate $22/mo $260/yr
Nationwide $22/mo $260/yr
Farmers $23/mo $278/yr
Liberty Mutual $26/mo $313/yr

Discounts You May Qualify For

Gated community
-5%
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

5 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. 2994 NW 54th St Apartments also has on-site security features (Gated, 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.

Maintenance Issues Common topic
5×
Theft Mentioned
2×
Security System Failures Mentioned
1×

On-Site Security

Gated 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 2994 NW 54th St 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 2994 NW 54th St Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Pets Fees

Pet Deposit

Max of 1. Charged per pet.

$300

Amenities

Community Features

24 Hour Access Online Services Fenced Lot

Floor Plan Amenities

Air Conditioning Cable Ready Tub/Shower Handrails Pantry Kitchen Microwave Refrigerator Instant Hot Water Carpet Family Room

Pet Policy

Bringing a pet? Here's what 2994 NW 54th St Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.

Pet policies are negotiable.

About 2994 NW 54th St Apartments

Year Built: 1923
Stories: 2 stories
Units: 7
Phone: (786) 463-0839

From the property listing:

Welcome to your new home!!! This well-maintained property offers comfortable living in a prime Miami location with easy access to everything the city has to offer. Situated just minutes from Downtown Miami, Miami International Airport, and major highways, this property provides the perfect balance of convenience and neighborhood charm. Enjoy nearby shopping, dining, schools, and public transportation — all within close reach.

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.

Alberta Heights Apartments

Brownsville

$1,200 - $1,700 Ins: ~$23/mo

Brownsville Transit Village II Senior Apartments

Brownsville

$1,317 - $1,593 Ins: ~$19/mo

Brownsville Transit Village Phase V Apartments

Brownsville

$1,234 - $1,778 Ins: ~$18/mo

Brownsville Village Apartments

Brownsville

$1,315 - $1,806 Ins: ~$19/mo

Hampton Village Apartments

Brownsville

$1,672 - $3,127 Ins: ~$19/mo

Lincoln Gardens Apartments

Brownsville

$2,147 - $2,471 Ins: ~$19/mo

Frequently Asked Questions

Does 2994 NW 54th St Apartments require renters insurance?
We didn't find a public insurance requirement for 2994 NW 54th St 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 2994 NW 54th St Apartments?
For this zip code and building type, expect to pay around $23/month ($280/year). 2994 NW 54th St Apartments has security features that qualify for discounts — with those applied, you could pay as little as $22/month. For context, the statewide average is $16/month, so this building is above average.
What will I actually pay per month at 2994 NW 54th St Apartments?
Plan for $1,523 to $2,023/month all-in. That's base rent ($1,500 – $2,000), plus roughly $23/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does 2994 NW 54th St Apartments allow pets?
Pet policies at 2994 NW 54th St Apartments are handled on a case-by-case basis — contact the leasing office for details.
How safe is the area around 2994 NW 54th St 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 gated, perimeter fencing — features that can qualify for premium discounts.
What floor plans does 2994 NW 54th St Apartments offer?
There are 2 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $1,500 – $2,000. 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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