Residences at Somi Parc Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at Residences at Somi Parc Apartments in South Miami? Rent here runs $1,678 – $3,785, and renters insurance adds about $12/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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5961 SW 68th St, South Miami, FL 33143

South Miami

Managed by TRG Management Built 2024 7 stories 172 units
3.9/5 ·17 reviews Google
Apt. Finder
$1,678 – $3,785 /month

Monthly Cost Breakdown at Residences at Somi Parc Apartments

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

Total Monthly Cost $1,690 – $3,797
Base Rent $1,678 – $3,785
Est. Renters Insurance $12/mo

Renters Insurance at Residences at Somi Parc Apartments

What Affects Your Premium Here

Every building is different. These factors specific to Residences at Somi Parc Apartments can push your insurance cost up or down:

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

$12

Est. Monthly

$139

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 Residences at Somi Parc 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 Residences at Somi Parc 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

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

Next Step

See if you can beat $12/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 South Miami.

South Miami property crime rate

1,768

per 100K residents

12% above U.S. avg

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

Breakdown per 100K residents

Burglary
355 / 200
Larceny / theft
1,413 / 1,172

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)

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 Mentioned
Fire Mentioned
Noise Mentioned

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for Residences at Somi Parc 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 Residences at Somi Parc Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Application Fee Per Applicant

One Application Fee per adult household member over the age of 18 Charged per applicant.

$85

Application Holding Fee

Holding Fee which will be applied to security deposit once applicants have been approved, and unit is assigned. Once unit has been assigned the holding fee takes an apartment off the market and becomes nonrefundable. Charged per unit.

$250

Pets Fees

One-Time Pet Fee

Max of 255. Charged per pet.

$350 - $350

Parking Fees

Parking Deposit

Charged per vehicle.

Free

Covered

Please call us regarding our Parking Policy.

Amenities

Special Features

Key Pad Model Home to View Remote Control Smart Card Town House Property Only Size of Model Home

Community Features

On-Site Retail Car Charging Station Courtyard Fitness Center

Pet Policy

Bringing a pet? Here's what Residences at Somi Parc 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 Residences at Somi Parc Apartments

Year Built: 2024
Stories: 7 stories
Units: 172
Management: TRG Management
Phone: (954) 932-8069

From the property listing:

Residences at SoMi Parc offers studio, one, two and three-bedroom apartment options, all with impeccable finishes and beautiful designs that fit perfectly with the way you want to live. Come home to stunning city views, residences overlooking beautiful parks, and enjoy our community’s abundant central green space.Enjoy modern conveniences while living in a park-like setting. Outdoor amenities include a dog park and covered gazebo along with nearly one-acre of central green space.

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.

Frequently Asked Questions

Does Residences at Somi Parc Apartments require renters insurance?
We didn't find a public insurance requirement for Residences at Somi Parc 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 Residences at Somi Parc Apartments?
For this zip code and building type, expect to pay around $12/month ($139/year). For context, the statewide average is $16/month, so this building is below average.
What will I actually pay per month at Residences at Somi Parc Apartments?
Plan for $1,690 to $3,797/month all-in. That's base rent ($1,678 – $3,785), plus roughly $12/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does Residences at Somi Parc Apartments allow pets?
Pet policies at Residences at Somi Parc Apartments are handled on a case-by-case basis — contact the leasing office for details.
How safe is the area around Residences at Somi Parc Apartments?
Property crime in South Miami sits near the national average — 1,768 per 100,000 residents versus 1,578 nationwide. 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 355/100K here.
What floor plans does Residences at Somi Parc Apartments offer?
There are 6 floor plans to choose from, spanning 1-bedroom, 2-bedroom, 3-bedroom, studio layouts. Rent ranges from $1,678 – $3,785. 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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