The Residences at Merrick Park Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at The Residences at Merrick Park Apartments in Southeast Gables? This community requires renters insurance before you can sign a lease, and with rent at $3,059 – $10,679, you'll want to know exactly what that adds to your monthly bill. We estimate coverage here runs about $13/mo — below we break down the lease requirements, compare carriers, and show you how to get the best rate.

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4251 Salzedo St, Coral Gables, FL 33146

Southeast Gables

Built 2003 6 stories 120 units
4.3/5 ·37 reviews Google
Apt. Finder
$3,059 – $10,679 /month

Monthly Cost Breakdown at The Residences at Merrick Park Apartments

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

Total Monthly Cost $3,072 – $10,692
Base Rent $3,059 – $10,679
Est. Renters Insurance $13/mo

Renters Insurance at The Residences at Merrick Park Apartments

The Residences at Merrick Park Apartments's website requires tenants to carry renters insurance. The exact coverage minimums may vary by unit type, so confirm the specifics with the leasing office when you apply.

Lease Requirements

Interested party* Add property to policy
See how your options compare. Get a quote

* 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.

In The Residences at Merrick Park Apartments's own words:

"BREED RESTRICTIONS: Excluded dog breeds include Akita, Alaskan Malamute, American Bull Dog, American Pit Bull Terrier, American or Bull Staffordshire Terrier, Bullmastiff, Bull Terrier, Chinese Shar-Pei, Dalmatian, Doberman Pinscher, Presa Canario, Pit Bull, Rottweiler, Siberian Husky, Stafford Terrier, Chow, German Shepherd and any mix thereof. Letter required by Certified Veterinarian for proof of breed, weight, and required vaccinations."

What Affects Your Premium Here

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

Gated Community

Gated access reduces theft risk — may qualify for security discount

Dog-Friendly

Dogs allowed — consider higher liability coverage

Security System Issues

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

FEMA Flood Zone

Zone X — minimal flood risk

What You'll Likely Pay

$13

Est. Monthly

$151

Est. Annual

$12

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 The Residences at Merrick Park Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$50,000 recommended

If you own less

$35,000

If you own more

$75,000

Liability

Covers accidental harm & lawsuits

$300,000 recommended

Dog-friendly community — higher liability recommended for pet-related incidents

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near The Residences at Merrick Park 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

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 $12/mo

5 discounts may apply here. Real quotes show your actual price — estimates can't.

Compare Quotes Free · No account required

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 Coral Gables.

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
Security System Failures Mentioned

On-Site Security

Package service Property manager on site Concierge Gated Doorman

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for The Residences at Merrick Park 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 The Residences at Merrick Park 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.

$150

Administrative Fee

Charged per unit.

$350

Amenities

Special Features

Berber Carpet Bilingual Staff Glass Tile Patio/Balcony Complimentary Tanning Upon Appointment Efficient Appliances Extra Storage Pool and Mall Views** some have separate shower and tub Separate Dining Room Some have combined shower and tub Storage Unit Fees Apply Full Kitchen W/D in Apartment Additional Parking $100/Mo Electronic Thermostat Satellite TV Available 32 x 32 Porcelain Tile High Gloss Finish On Cabniets Italian Kitchen Cabinetry Close to The University Of Miami Disability Access Boutique Building Convenient Pantries Spanish Speaking Staff

Community Features

Maintenance on site Recycling Elevator Clubhouse Sundeck Courtyard Fitness Center Sauna Pool Study Lounge

Floor Plan Amenities

High Speed Internet Access Washer/Dryer Air Conditioning Heating Cable Ready Satellite TV Security System Storage Space Dishwasher Disposal Pantry Kitchen Microwave Range Refrigerator Carpet Tile Floors Vinyl Flooring Dining Room High Ceilings Office Recreation Room Walk-In Closets Window Coverings Balcony Patio Deck

Pet Policy

Bringing a pet? Here's what The Residences at Merrick Park Apartments allows — and keep in mind, if you have a dog, most insurance advisors recommend bumping your liability coverage to at least $300,000. Standard renters policies cover pet-related incidents, but the default $100,000 limit may not be enough if something happens.

Cats and Dogs Allowed

About The Residences at Merrick Park Apartments

Year Built: 2003
Stories: 6 stories
Units: 120
Phone: (786) 723-7598

From the property listing:

Elegance, refinement, and style are the defining attributes of The Residences at Merrick Park apartments in Coral Gables, FL. Luxury and vitality await you at our apartments near Coconut Grove, FL. With immaculate one, two, and three bedroom floorplans, our over one hundred customized and distinctive residences will speak for themselves when you tour these, the best Coral Gables, FL apartments.You'll find everything you need or want, all at one ideal Coral Gables address. The Residences at Merrick Park Apartment Community is designed as the ideal urban residential, retail and office community.

Other Options Nearby

Still weighing your choices? Other communities in Coral Gables — compare rent and estimated insurance cost side by side.

Frequently Asked Questions

Does The Residences at Merrick Park Apartments require renters insurance?
Yes — you'll need an active renters insurance policy to sign a lease at The Residences at Merrick Park Apartments. You'll need to add the property management as an interested party on your policy, which most carriers can do at no extra charge.
How much is renters insurance at The Residences at Merrick Park Apartments?
For this zip code and building type, expect to pay around $13/month ($151/year). The Residences at Merrick Park Apartments has security features that qualify for discounts — with those applied, you could pay as little as $12/month. For context, the statewide average is $16/month, so this building is below average.
What will I actually pay per month at The Residences at Merrick Park Apartments?
Plan for $3,072 to $10,692/month all-in. That's base rent ($3,059 – $10,679), plus roughly $13/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does The Residences at Merrick Park Apartments allow pets?
Yes, The Residences at Merrick Park Apartments is pet-friendly. Here are the details: Cats and Dogs Allowed. If you have a pet, keep in mind that most renters insurance policies cover pet liability — but you may want to increase your liability limit, especially for larger breeds.
What floor plans does The Residences at Merrick Park Apartments offer?
There are 18 floor plans to choose from, spanning 1-bedroom, 2-bedroom, 3-bedroom layouts. Rent ranges from $3,059 – $10,679. 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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