Renters Insurance even for college students is not all that expensive.
You can get renters insurance for between $180.00 to $190.00 per year and if you can bundle the rentals insurance with your current insurance such as auto and homeowners insurance then you can usually get a discount.
When I was in college and paying for renters insurance I got the renters insurance for as little as $10.00 per month which was $120.00 per year.
But even if you don't bundle the renters insurance with your other insurance it's still not very expensive.
You can get free quotes for renters insurance online and the most you should pay is around $15.00 to $20.00 per month but it's usually less.
It also can depend on your credit rating and insurance score which can also affect your renters insurance rates.