Rio Mio Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at Rio Mio Apartments in Downtown Miami? Rent here runs $1,450 – $1,750, 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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1160 NW North River Dr, Miami, FL 33136

Downtown Miami

Managed by The Lopez Companies Built 1964 2 stories 42 units
1.3/5 ·3 reviews Google
4/5 ·3 reviews Apt. Finder
$1,450 – $1,750 /month

Monthly Cost Breakdown at Rio Mio Apartments

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

Total Monthly Cost $1,473 – $1,773
Base Rent $1,450 – $1,750
Est. Renters Insurance $23/mo

Renters Insurance at Rio Mio Apartments

What Affects Your Premium Here

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

Older Building

Built in 1964 — older plumbing/electrical may increase risk

Gated Community

Gated access reduces theft risk — may qualify for security discount

Security System Issues

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

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

$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 Rio Mio 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

$300,000 recommended

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 Rio Mio 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. Rio Mio Apartments also has on-site security features (Property manager on site, Gated, Gated access, 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 Mentioned
Security System Failures Mentioned

On-Site Security

Property manager on site Gated Gated access 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 Rio Mio 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 Rio Mio Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Application Fee

Application Fee $50.00 Charged per unit.

$50

Pets Fees

Pet Deposit

Max of 1. Charged per pet.

Free

One-Time Pet Fee

Max of 1. Charged per pet.

$100

Monthly Pet Fee

Max of 1. Charged per pet.

Free

Parking Fees

Surface Lot

Parking Available

Amenities

Special Features

GATED COMMUNITY, SWIMMING POOL

Community Features

Laundry Facilities Maintenance on site Fenced Lot Courtyard Grill Picnic Area Waterfront Pool

Floor Plan Amenities

Air Conditioning Heating Smoke Free Cable Ready Kitchen Microwave Oven Range Refrigerator Quartz Countertops Office Patio Dock

Pet Policy

Bringing a pet? Here's what Rio Mio 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 Rio Mio Apartments

Year Built: 1964
Stories: 2 stories
Units: 42
Management: The Lopez Companies
Phone: (786) 668-8975

From the property listing:

Experience upgraded living at Rio Mio Apartments — offering modernized interiors, spacious layouts, and a central Miami location just minutes from Downtown, the Airport, and major highways. Select units feature updated kitchens with quartz countertops, modern cabinetry, tile or wood-style flooring, and bright open living spaces. Community Highlights: • On-site parking • Professionally managed • Courtyard-style layout • Quick access to I-95 & 836 Limited availability. Schedule your showing today. Appointment hours are Mon-Fri 9:00am - 12:00pm, 1:00pm - 5:00pm, and Saturdays 9:00am -12:00pm.

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.

Frequently Asked Questions

Does Rio Mio Apartments require renters insurance?
We didn't find a public insurance requirement for Rio Mio 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 Rio Mio Apartments?
For this zip code and building type, expect to pay around $23/month ($280/year). Rio Mio 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 Rio Mio Apartments?
Plan for $1,473 to $1,773/month all-in. That's base rent ($1,450 – $1,750), 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 Rio Mio Apartments allow pets?
Pet policies at Rio Mio Apartments are handled on a case-by-case basis — contact the leasing office for details.
How safe is the area around Rio Mio 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 property manager on site, gated, gated access, perimeter fencing — features that can qualify for premium discounts.
Does Rio Mio 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 Rio Mio Apartments offer?
There are 2 floor plans to choose from, spanning 1-bedroom, studio layouts. Rent ranges from $1,450 – $1,750. 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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