The Park on Waters Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 15, 2026

Thinking about renting at The Park on Waters Apartments in Northwest Tampa? Rent here runs $1,195 - $1,650, and renters insurance adds about $18/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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2701 W Waters Ave, Tampa, FL 33614

Northwest Tampa

Built 1984 2 stories 267 units
3.1/5 ·128 reviews Google
4/5 ·9 reviews Apt. Finder
$1,195 - $1,650 /month

Monthly Cost Breakdown at The Park on Waters Apartments

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

Total Monthly Cost $1,213 – $1,668
Base Rent $1,195 – $1,650
Required Monthly Fees $0
Est. Renters Insurance $18/mo

Renters Insurance at The Park on Waters Apartments

What Affects Your Premium Here

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

Older Building

Built in 1984 — older plumbing/electrical may increase risk

Open Access

No gated or controlled access — higher theft exposure

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

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

What You'll Likely Pay

$18

Est. Monthly

$216

Est. Annual

$18

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 Park on Waters Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$40,000 recommended

If you own less

$20,000

If you own more

$60,000

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 The Park on Waters Apartments:

Carrier Monthly Annual
Lemonade $10/mo $118/yr
USAA $11/mo $132/yr
State Farm $15/mo $176/yr
Progressive $16/mo $191/yr
Safeco $16/mo $191/yr
Travelers $17/mo $206/yr
Allstate $18/mo $220/yr
Nationwide $18/mo $220/yr
Farmers $20/mo $235/yr
Liberty Mutual $22/mo $264/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 $18/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.

995 per 100K residents

Property crime rate in Tampa

-37% below national average (1,578/100K)

Breakdown per 100K residents

Burglary108 (nat. 200)
Larceny / theft784 (nat. 1,172)
Vehicle theft103 (nat. 206)

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. The Park on Waters Apartments also has on-site security features (Property manager on site, 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
Noise Mentioned
Slip/Fall Hazards Mentioned

On-Site Security

Property manager on site 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 The Park on Waters 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 Park on Waters 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.

$75

Administrative Fee

Charged per unit.

$200

Pets Fees

One-Time Pet Fee

Max of 2. Charged per pet.

$350

Monthly Pet Fee

Max of 2. Charged per pet.

$30 / mo

Amenities

Community Features

Laundry Facilities Car Wash Area Clubhouse Walk-Up Fitness Center Pool Racquetball Court

Floor Plan Amenities

High Speed Internet Access Washer/Dryer Air Conditioning Heating Ceiling Fans Smoke Free Cable Ready Storage Space Tub/Shower Fireplace Framed Mirrors Wheelchair Accessible (Rooms) Dishwasher Disposal Granite Countertops Stainless Steel Appliances Pantry Kitchen Microwave Oven Range Refrigerator Quartz Countertops Hardwood Floors Carpet Tile Floors Vinyl Flooring Dining Room Vaulted Ceiling Walk-In Closets Window Coverings Balcony Patio

Pet Policy

Bringing a pet? Here's what The Park on Waters 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 Allowed

  • $30 Monthly Pet Rent
  • $350 Fee
  • 2 Pet Limit

About The Park on Waters Apartments

**1 bedrooms = 1 month free** Discover elevated living at Park on Waters, a thoughtfully designed apartment community offering modern comfort in a prime location. Nestled in the heart of Tampa, our spacious one and two bedroom apartment homes combine contemporary style with everyday functionality. Each residence features open-concept floor plans, fully equipped kitchens with black/stainless steel appliances, granite countertops, and custom cabinetry. Enjoy wood plank-style flooring, oversized closets, in-unit washer and dryer, and private patios designed to extend your living space. Beyond your front door, you’ll find resort-inspired amenities tailored to your lifestyle. Relax by the sparkling swimming pool or stay active in the fitness center. Conveniently located near major highways, shopping centers, dining, and entertainment, Park on Waters puts everything you need within easy reach. With professional on-site management and 24-hour emergency maintenance, you can enjoy peace of mind along with premium living. Come home to comfort. Come home to community. Come home to Park on Waters. Schedule your tour today!

Year Built: 1984
Stories: 2
Total Units: 267
Phone: (786) 933-6086

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.

Frequently Asked Questions

Does The Park on Waters Apartments require renters insurance?
We didn't find a public insurance requirement for The Park on Waters 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 The Park on Waters Apartments?
For this zip code and building type, expect to pay around $18/month ($216/year). For context, the statewide average is $16/month, so this building is right around average.
What will I actually pay per month at The Park on Waters Apartments?
Plan for $1,213 to $1,668/month all-in. That's base rent ($1,195 - $1,650), plus roughly $18/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does The Park on Waters Apartments allow pets?
Yes, The Park on Waters Apartments is pet-friendly. Here are the details: Cats Allowed. $30 Monthly Pet Rent. $350 Fee. 2 Pet Limit. 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.
How safe is the area around The Park on Waters 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 property manager on site, on site maintenance — features that can qualify for premium discounts.
What floor plans does The Park on Waters Apartments offer?
There are 4 floor plans to choose from, spanning 1-bedroom, 2-bedroom layouts. Rent ranges from $1,195 - $1,650. 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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