IQ Luxury Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at IQ Luxury Apartments in North Tampa? Rent here runs $839 – $2,099, and renters insurance adds about $14/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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12708 Bruce B Downs Blvd, Tampa, FL 33612

North Tampa

Managed by The Collier Companies Built 2016 5 stories 183 units
3.9/5 ·499 reviews Google
5/5 ·6 reviews Apt. Finder
$839 – $2,099 /month

Monthly Cost Breakdown at IQ Luxury Apartments

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

Total Monthly Cost $1,453 – $2,713
Base Rent $839 – $2,099
Required Monthly Fees $600
Est. Renters Insurance $14/mo

Renters Insurance at IQ Luxury Apartments

What Affects Your Premium Here

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

Controlled Access

Electronic/key fob entry — reduces unauthorized entry risk

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 995/100K (37% below national average)

What You'll Likely Pay

$14

Est. Monthly

$163

Est. Annual

$13

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 IQ Luxury Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$15,000 recommended

If you own less

$10,000

If you own more

$25,000

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 IQ Luxury Apartments:

Carrier Monthly Annual
Lemonade $9/mo $107/yr
USAA $10/mo $120/yr
State Farm $13/mo $160/yr
Progressive $14/mo $174/yr
Safeco $14/mo $174/yr
Travelers $16/mo $187/yr
Allstate $17/mo $200/yr
Nationwide $17/mo $200/yr
Farmers $18/mo $214/yr
Liberty Mutual $20/mo $240/yr

Discounts You May Qualify For

Controlled access
-3%
Sprinkler system
-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 $13/mo

6 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 Tampa.

Tampa property crime rate

995

per 100K residents

37% below U.S. avg

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

Breakdown per 100K residents

Burglary
108 / 200
Larceny / theft
784 / 1,172
Vehicle theft
103 / 206
Tampa U.S. average

Below-average property crime typically translates to lower renters insurance premiums in this area, and security features on the building can push your rate even lower. IQ Luxury Apartments also has on-site security features (Package service, Controlled access, Property manager on site, Sprinklers, Covered parking) that insurers recognize with discounts.

Source: FBI UCR Program, Tampa (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
6×

On-Site Security

Package service Controlled access Property manager on site Sprinklers Covered parking

Flood Risk

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

Required Fees

Off Season Premium

Charged per unit.

$150 / mo

Application Fee Per Applicant

Charged per applicant.

$50

Application Fees

Charged per applicant.

$50

Administrative Fee

Charged per unit.

$250

Lease Fees

Charged per unit.

$250

Situational Fees

Utility Administration Fee

Charged per unit.

$75

Amenities

Special Features

Hardwood-style flooring Mounted 60 inch Smart TV Stylish Undermount Kitchen Sink Bluetooth shower head (Smart Suites) Designer granite countertops throughout Hassle-Free, Individual By-The-Bed Leasing HDMI cable access in every bedroom & common area Multi-Level Parking Garage Sleek under-mount kitchen sinks Stainless Steel, Energy-Efficient Appliances Available 42 inch smart TV in bedrooms (Smart Suites) Easily-Accessible Exterior Storage Private bedroom deadbolts Stylish kitchen island Ultra-modern fixtures USB charging stations in bedrooms & common areas Expansive 9' Ceilings Leather-Style Furniture Included Outdoor BBQ Grilling Stations Salon-Style Tanning Bed Flat Screen TV In Common Area* Luxury Vinyl Plank Flooring Stylish Built-In Pantry* Exclusive Resident Lounge with Billiard Table and Hospitality Kitchen Plush carpeted bedroom Self-Serve Espresso Station HDMI access (Smart Suites) Home theater with surround sound (Smart Suites) Individual by-the-bed leasing Located 0.4 Miles From USF Campus Relaxing Lawn with Swaying Hammocks Roommate Matching Available Stylish lighting Chef-Inspired Kitchens with Center Islands Energy-efficient stainless steel appliances Lush, Landscaped Courtyards Memory foam mattress (Smart Suites) Open Concept Floor Plan w/ Large, Premier Bedroom Suites Private Bedrooms with En Suite Bathrooms Simple, All-Inclusive Rent (Utilities, Streaming, Internet, Water/Sewer/Trash) Subway tile backsplash

Community Features

Community-Wide WiFi Wi-Fi Furnished Units Available Vision Impaired Accessible Recycling Online Services Planned Social Activities Public Transportation Elevator Business Center Lounge Multi Use Room Disposal Chutes Conference Rooms Tanning Salon Sundeck Cabana Courtyard Grill Picnic Area Zen Garden Fitness Center Pool Bicycle Storage Putting Greens Gameroom Media Center/Movie Theatre Individual Locking Bedrooms Private Bathroom Roommate Matching Study Lounge Walk To Campus

Floor Plan Amenities

High Speed Internet Access Wi-Fi Washer/Dryer Air Conditioning Heating Ceiling Fans Cable Ready Security System Trash Compactor Storage Space Tub/Shower Surround Sound Sprinkler System Wheelchair Accessible (Rooms) Dishwasher Disposal Ice Maker Granite Countertops Stainless Steel Appliances Pantry Island Kitchen Eat-in Kitchen Kitchen Microwave Oven Range Refrigerator Freezer Instant Hot Water Hardwood Floors Carpet Vinyl Flooring Dining Room Family Room Office Walk-In Closets Furnished Window Coverings Large Bedrooms Balcony Patio Porch Deck Lawn

About IQ Luxury Apartments

IQ student apartments offer a sleek and modern living experience near the University of South Florida, providing an ideal home for those who value style, convenience, and luxury. Enjoy state-of-the-art amenities like a bocce ball court, Italian garden, elevated sun deck, and a beach-entry saltwater pool with an island. Inside, the apartments feature stylish and modern elements, including Smart Suites with Bluetooth shower heads and memory foam mattresses. Elevate your student living - choose IQ in Tampa for a sophisticated and vibrant lifestyle.

Year Built: 2016
Stories: 5
Total Units: 183
Management: The Collier Companies
Phone: (786) 705-2953

Other Options Nearby

Still weighing your choices? These communities are in the same part of Tampa — compare rent and estimated insurance cost side by side.

10112 N Lantana Ave Rental

North Tampa

$1,875 Ins: ~$16/mo

10144 Arbor Run Dr Rental

North Tampa

$2,645 Ins: ~$16/mo

10508 Canary Isle Dr Rental

North Tampa

$3,675 Ins: ~$16/mo

10625 Pictorial Park Dr Rental

North Tampa

$3,095 Ins: ~$16/mo

11312 N 52nd St Apartment

North Tampa

$1,250 Ins: ~$16/mo

11314 N 52nd St Apartment

North Tampa

$1,250 Ins: ~$16/mo

Frequently Asked Questions

Does IQ Luxury Apartments require renters insurance?
We didn't find a public insurance requirement for IQ Luxury 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 IQ Luxury Apartments?
For this zip code and building type, expect to pay around $14/month ($163/year). IQ Luxury Apartments has security features that qualify for discounts — with those applied, you could pay as little as $13/month. For context, the statewide average is $16/month, so this building is below average.
What will I actually pay per month at IQ Luxury Apartments?
Plan for $1,453 to $2,713/month all-in. That's base rent ($839 – $2,099), plus $600/month in required fees (trash, utilities, etc.), plus roughly $14/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
How safe is the area around IQ Luxury Apartments?
Property crime in Tampa is well below the national average — 995 per 100,000 residents versus 1578 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 108/100K here. On the property itself, you'll find package service, controlled access, property manager on site, sprinklers — features that can qualify for premium discounts.
What floor plans does IQ Luxury Apartments offer?
There are 13 floor plans to choose from, spanning 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom layouts. Rent ranges from $839 – $2,099. 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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