Tampa, FL

Riverside Palms Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Looking for the best renters insurance for Riverside Palms Apartments in Tampa? We break down what the lease requires, what coverage actually costs here (~$19/mo), the 4 discounts that may apply, and how the major carriers compare for your zip.

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Renters Insurance at Riverside Palms Apartments

What Affects Your Premium Here

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

Older Building

Built in 1973 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

Security System Issues

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

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

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

What You'll Likely Pay

$19

Est. Monthly

$226

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 Riverside Palms 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 Riverside Palms Apartments:

Carrier Monthly Annual
Lemonade $9/mo $112/yr
USAA $11/mo $126/yr
State Farm $14/mo $168/yr
Progressive $15/mo $182/yr
Safeco $15/mo $182/yr
Travelers $16/mo $196/yr
Allstate $18/mo $210/yr
Nationwide $18/mo $210/yr
Farmers $19/mo $224/yr
Liberty Mutual $21/mo $252/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 $19/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 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

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. Riverside Palms Apartments also has on-site security features (On site maintenance) 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
Water Damage Mentioned
Security System Failures Mentioned

On-Site Security

On site maintenance

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for Riverside Palms 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.

5008 Sierra Pl, Tampa, FL 33617

North Tampa

Managed by YMP Real Estate Management, LLC Built 1973 2 stories 351 units
3.5/5 ·332 reviews Google
4/5 ·14 reviews Apt. Finder
$899 – $1,799 /month

Monthly Cost Breakdown at Riverside Palms Apartments

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

Total Monthly Cost $918 – $1,818
Base Rent $899 – $1,799
Est. Renters Insurance $19/mo

Fees Beyond Rent

These are the additional charges beyond base rent at Riverside Palms 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.

$100

Administrative Fee

Charged per unit.

$150

Pet Policy

Bringing a pet? Here's what Riverside Palms 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 Riverside Palms Apartments

Year Built: 1973
Stories: 2 stories
Units: 351
Management: YMP Real Estate Management, LLC
Phone: (786) 933-9682

From the property listing:

Riverside Palms 5008 Sierra Place, Tampa, FL 33617, USA Riverside Palms is located within minutes from exquisite parks, museums, restaurants, and nightlife, yet secluded enough to enjoy the peaceful serenity you deserve. Conveniently located near major highways: I-4, I-275 and I-75, residents of the community enjoy unlimited access throughout the beautiful sunshine state. Our property provides the luxury of choosing between multiple spacious floor plans, suitable for all lifestyles. We offer a wide range of apartment homes from a deluxe studio to 3-bedroom town homes.

Frequently Asked Questions

Does Riverside Palms Apartments require renters insurance?
We didn't find a public insurance requirement for Riverside Palms 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 Riverside Palms Apartments?
For this zip code and building type, expect to pay around $19/month ($226/year). For context, the statewide average is $16/month, so this building is above average.
What will I actually pay per month at Riverside Palms Apartments?
Plan for $918 to $1,818/month all-in. That's base rent ($899 – $1,799), plus roughly $19/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does Riverside Palms Apartments allow pets?
Pet policies at Riverside Palms Apartments are handled on a case-by-case basis — contact the leasing office for details.
How safe is the area around Riverside Palms Apartments?
Property crime in Tampa is well below the national average — 995 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 108/100K here. On the property itself, you'll find on site maintenance — features that can qualify for premium discounts.
What floor plans does Riverside Palms Apartments offer?
There are 10 floor plans to choose from, spanning 1-bedroom, 2-bedroom, 3-bedroom, studio layouts. Rent ranges from $899 – $1,799. 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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