5791 SW 74th Ter, South Miami, FL 33143
South Miami
Monthly Cost Breakdown at Palm Plaza Apartments
The listed rent isn't the whole number. Here's what Palm Plaza Apartments actually costs each month once you add required fees and insurance.
Renters Insurance at Palm Plaza Apartments
We found a few insurance details on Palm Plaza Apartments's website. Your lease may have additional requirements — treat these as a starting point.
Lease Requirements
* An "interested party" is the property management company listed on your insurance policy. It doesn't give them any claim rights — it just means they get notified if your policy lapses, which is how the leasing office verifies you stay insured.
One thing to watch for: when you purchase your policy, most carriers have a field where you add the property as an interested party — skip that step and your proof may get rejected. It takes 30 seconds during checkout. Start a quote to see which carriers handle this automatically.
What Affects Your Premium Here
Every building is different. These factors specific to Palm Plaza Apartments can push your insurance cost up or down:
Older Building
Built in 1964 — older plumbing/electrical may increase risk
Open Access
No gated or controlled access — higher theft exposure
FEMA Flood Zone
Zone X — minimal flood risk
FBI UCR
Property crime rate: 1768/100K (12% above national average)
What You'll Likely Pay
$15
Est. Monthly
$183
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 Palm Plaza Apartments based on the rent level and building features.
Personal Property
What your stuff is worth
If you own less
$20,000
If you own more
$50,000
Liability
Covers accidental harm & lawsuits
Pool on premises — higher liability recommended for accidents at shared amenities
How Carriers Compare for This Area
Not all carriers price the same zip code equally. Here's how the major options stack up near Palm Plaza Apartments:
| Carrier | Monthly | Annual |
|---|---|---|
| Lemonade | $8/mo | $91/yr |
| USAA | $9/mo | $102/yr |
| State Farm | $11/mo | $136/yr |
| Progressive | $12/mo | $148/yr |
| Safeco | $12/mo | $148/yr |
| Travelers | $13/mo | $159/yr |
| Allstate | $14/mo | $170/yr |
| Nationwide | $14/mo | $170/yr |
| Farmers | $15/mo | $182/yr |
| Liberty Mutual | $17/mo | $204/yr |
Discounts You May Qualify For
Next Step
See if you can beat $15/mo
4 discounts may apply here. Real quotes show your actual price — estimates can't.
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 South Miami.
South Miami property crime rate
per 100K residents
U.S. avg is 1,578 per 100K
Breakdown per 100K residents
U.S. average
Near-average property crime means insurance premiums in South Miami track closely with national baselines.
Source: FBI UCR Program, South Miami (2024-12 to 2025-11)
Flood Risk
Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for Palm Plaza 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 Palm Plaza 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.
Administrative Fee
Charged per unit.
Amenities
Community Features
Floor Plan Amenities
Pet Policy
Bringing a pet? Here's what Palm Plaza Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.
About Palm Plaza Apartments
From the property listing:
South Miami, close to Metro Rail, fine restaurants and shopping. Yet it's a quiet, lovely location with gardens, friendly neighbors and on site management. Apartment Amenities: Walk in closet Garbage disposal Dishwasher Balconies, Decks, Patios Tile Flooring Services: Pool Laundry Room Elevator
Other Options Nearby
Still weighing your choices? These communities are in the same part of South Miami — compare rent and estimated insurance cost side by side.
Avalon South Miami Apartments
South Miami
House 57 Apartments
South Miami
Motion at Dadeland Apartments
South Miami
Residences at Somi Parc Apartments
South Miami
Sunset Club Apartments
South Miami
Valencia South Miami Apartments
South Miami
Frequently Asked Questions
Does Palm Plaza Apartments require renters insurance?
How much is renters insurance at Palm Plaza Apartments?
What will I actually pay per month at Palm Plaza Apartments?
Does Palm Plaza Apartments allow pets?
How safe is the area around Palm Plaza Apartments?
What floor plans does Palm Plaza Apartments offer?
Get Renters Insurance for Palm Plaza Apartments
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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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