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Palm Cove offers coastal living with canal access in a quieter setting away from Panama City Beach's tourist zones. Rental properties often feature water views, private docks, and Florida-essential covered patios. The neighborhood provides easy access to both Gulf beaches and everyday shopping along Back Beach Road, though hurricane evacuation orders affect this zone during serious storm threats.
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Welcome to the Apartment List April 2026 Rent Report for Panama City Beach, FL. Currently, the overall median rent in the city stands at $1,522, roughly the same as last month. Prices are now down 2.3% year-over-year. Read on to learn more about what’s been happening in the Panama City Beach rental market and how it compares to trends throughout the nation as a whole.