How much is rent in Panama City?

In Panama City, the average rent is $10,665+ for a studio, $1,369+ for a 1-bedroom, $1,554+ for a 2-bedroom, and $2,063+ for a 3-bedroom.* For more information on rental trends in Panama City, check out our monthly Panama City Rent Report . *Based on base prices that don’t include fees

How can I find a cheap apartment in Panama City?

You can find the lowest-priced apartments in Panama City by using the cheap apartments filter or you can search by apartments that are offering move-in specials .

How can I find a pet-friendly apartment in Panama City?

You can use the pet-friendly filter to find Panama City apartments that allow pets.

How much should I pay for rent in Panama City?

The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Panama City.

How can I find off-campus housing in Panama City?

You can use the off-campus housing filters to find apartments near colleges located in or around Panama City. Some of the colleges and universities in the area include Gulf Coast State College .

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How many bedrooms do you need?

Apartments for Rent in Panama City, FL

94 rentals available

Exchange at North Bay
$1,290
3625 Frankford Avenue, Panama City, FL 32405
(850) 616-2329
33 units available
1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Patio / balcony, Granite counters, Pet friendly, Garage, Stainless steel + more
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Bayside Villas
$1,195
1406 South Berthe Avenue, Panama City, FL 32404
(850) 250-4526
9 units available
2 bed
Amenities
Dishwasher, Pet friendly, Dog park, Ceiling fan, and Bbq/grill
Pet-Friendly
Conveniently Located Pet-Lovers' Haven
Discover a welcoming community at Bayside Villas in East Bay Park. Ideal for pet owners, the property features handy amenities and a dog park, ensuring a pleasant experience. Easy access to nearby shops, restaurants, and parks amplifies its convenience for residents.
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Westwood Village
$1,230
2203 Beck Ave, Panama City, FL 32405
(850) 252-8138
9 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, 24hr maintenance + more
Active Lifestyle
Pet-friendly with abundant local amenities and activities nearby.
Westwood Village offers pet-friendly living with one and two-bedroom options in a vibrant community. Ideal for those seeking an active lifestyle, enjoy nearby bike paths, parks, and recreational facilities. The community is known for its welcoming atmosphere and friendly neighbors, fostering a strong sense of belonging.
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The Kelly at 23rd Luxury Apartments
$1,410
2002 Wilson Avenue, Panama City, FL 32405
(256) 298-8850
Rent Savings
22 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Hardwood floors, Pet friendly, New construction, Stainless steel, Walk in closets + more
Coastal Luxury
Serene luxury living in Panama City.
The Kelly at 23rd offers a luxurious lifestyle in Panama City, blending city convenience with coastal relaxation. The brand-new apartments are equipped with upscale amenities including a resort-style pool, gym, and elegant communal spaces. Residents can enjoy easy access to shopping, dining, and entertainment within walking distance, complemented by a friendly community atmosphere.
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Panama City city guide
Everything you need to know
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Best market deals
These units are the best deal in town.
2128 W 29th A/b Court 0 Bed
Studio • 1 Bath
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Available
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1400 Gulf Ave. #3 1400 Gulf Ave. #3
1 Bed • 1 Bath • 460 sqft
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715 West 13th Street #3
2 Beds • 1 Bath • 800 sqft
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Available
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1401 Gulf Ave #7 1401 Gulf Ave #7
2 Beds • 1 Bath • 900 sqft
Total monthly rent
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1430 Beck Ave 0 Bed
Studio • 1 Bath
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The Residences at SweetBay
$1,388
3100 Sweetbay Avenue, Panama City, FL 32405
(909) 766-6401
Rent Savings
24 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Putting green, Patio / balcony, Granite counters, Hardwood floors, Pet friendly + more
Luxury Lifestyle
Premium Living in a Scenic Community
The Residences at SweetBay offers a luxurious living experience in a beautiful community setting. With amenities like a resort-style pool and a 24/7 gym, residents can enjoy both comfort and convenience. The location is ideal, providing easy access to shopping, dining, and new developments. Residents also commend the modern, spacious apartments and responsive management.
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Pointe Grand Panama City
$1,549
723 West 19th Street, Panama City, FL 32405
(850) 809-8430
Rent Savings
15 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Resort Amenities
Relax in a resort-style pool and vibrant community.
Pointe Grand Panama City offers residents a luxurious escape with features like a resort-style pool and cabanas. The spacious and clean apartments make moving in a breeze, while the friendly and helpful staff ensure a pleasant living experience. With dogs allowed, it's a perfect fit for those with four-legged companions.
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Sunset Village
5284 Emma Grace Dr, Panama City, FL 32404
(850) 257-7220
$2,080+ moTotal price12-mo lease
Rent Savings
20 units available
3 bed • 4 bed • 5 bed
Amenities
In unit laundry, Granite counters, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Pet Haven
Adaptable homes with expansive amenities in Panama City.
Sunset Village in Panama City is perfect for those seeking spacious living with convenient amenities. Residents love the ample fenced-in backyards, perfect for pets, and the comfort of chef-inspired kitchens. Enjoy sunny days lounging by the on-site pool, and benefit from the community's smart home features that simplify your daily life.
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4.3
The Tyde Apartments
$1,399
1105 Clara Avenue, Panama City, FL 32407
(850) 546-4810
Rent Savings
Top rated for Amenities
“Everything is so great so far. No problems or complaints”
14 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Pet-Friendly Oasis
Beachside living with top-notch amenities
The Tyde offers a perfect blend of comfort and convenience, located just minutes away from beautiful beaches, shopping, and dining. This pet-friendly community boasts a resort-style pool, modern gym, and diverse entertainment options. Residents appreciate spacious apartments, ample storage, and a supportive management team.
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Exchange at the Beach
$1,286
2200 Thomas Drive, Panama City, FL 32408
(850) 757-9155
Rent Savings
13 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Beachside Luxury
Luxury living by the beach in Panama City.
Step into high-end living at Exchange at the Beach in Panama City. With its elegant designs and premium amenities like a pool and yoga studio, residents enjoy top-notch comfort. Located near the vibrant Race City area, you'll find a variety of dining and shopping spots within walking distance.
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2100 W Beach Dr
$2,500
2100 West Beach Drive, Panama City, FL 32401
(321) 662-8180
1 unit available
1 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, All utils included, Parking + more
Recently updated units
Luxury apartments
Top units for an elevated lifestyle.
703 W 15th Street unit: A A
Studio • 1 Bath • 29000 sqft
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5102 Northbay Drive 0 Bed
Studio • 1 Bath • 5868 sqft
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5300 W Hwy 98 Bus 0 Bed
Studio • 1 Bath • 7555 sqft
Total monthly rent
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920 W Beach Drive 4 Bed
4 Beds • 3 Baths
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807 Buena Vista Boulevard 3 Bed
3 Beds • 3 Baths
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1028 Spring Avenue
$1,700
1028 Spring Avenue, Panama City, FL 32401
(850) 249-0313
1 unit available
3 bed
Amenities
Pet friendly
Recently updated units
374 Massalina Drive unit: B
$1,350
374 Massalina Drive, Panama City, FL 32401
(850) 785-1551
1 unit available
2 bed
Amenities
Dishwasher, Pet friendly, and Carport
Recently updated units
1716 Hickory Avenue
$2,000
1716 Hickory Avenue, Panama City, FL 32405
(850) 348-1673
1 unit available
3 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, Garage, Recently renovated, and Microwave
Recently updated units
1111 Fortune unit: A
$1,800
1111 Fortune Avenue, Panama City, FL 32401
(850) 774-0400
1 unit available
3 bed
Amenities
Patio / balcony, Granite counters, Pet friendly, Recently renovated, Stainless steel, Walk in closets + more
Recently updated units
1309 Capri Drive
$1,800
1309 Capri Drive, Panama City, FL 32405
(850) 785-1551
1 unit available
3 bed
Amenities
On-site laundry, Patio / balcony, Dogs allowed, Garage, Ceiling fan, and Fireplace
Recently updated units
3701 Burnham Way
$1,250
3701 Burnham Way, Panama City, FL 32405
(888) 883-8509
1 unit available
2 bed
Amenities
Dishwasher, Pet friendly, Parking, and Microwave
Recently updated units

City Guide

The average rent for a 1 bedroom apartment in Panama City is $1,369+, while the average rent for a 2 bedroom apartment is $1,554+. Rent rates updated 4 days ago

Studio: $10,665+Trending down
1 Bed: $1,369+Trending down
2 Beds: $1,554+Trending down
3+ Beds: $2,063+Trending down

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Panama City

Bunkers Cove
View 10 listings
What it’s like to live in Bunkers Cove
Waterfront living defines Bunkers Cove, where rental homes along St. Andrews Bay offer direct water access and spectacular sunset views. The neighborhood's lush vegetation creates natural beauty and privacy between properties developed when Panama City land values permitted more generous waterfront lot sizes. Most properties include docks or water frontage creating genuine Florida lifestyle beyond typical beach proximity. Though rental rates reflect the premium waterfront positioning, the combination of bay access and proximity to downtown Panama City creates value beyond basic housing considerations for those seeking maritime activities without tourist district congestion.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial
View 10 listings

Neighborhoods

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More Rental Options

Bedrooms

1 Bedroom Apartments in Panama City (11)

Price

Amenities

Cities

Counties

Bay County Apartments (523)

Colleges

Gulf Coast State College (38)

Find an apartment for rent in Panama City, FL

Searching for an apartment for rent in Panama City, FL? Look no further! Apartment List will help you find a perfect apartment near you. There are 94 available rental units listed on Apartment List in Panama City. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The average rent in Panama City is $10,665 for a studio, $1,369 for a one-bedroom apartment, and $1,554 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Panama City apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust Apartment List to help you find your next Panama City, FL apartment rental! After all, everyone deserves a home they love.

Frequently Asked Questions (FAQs)

Situated on beautiful St. Andrews Bay along the Emerald Coast in the northwest Florida Panhandle, Panama City is not only a perpetually booming tourist town, but also a great place to call home. A popular living locale for singles, families, snowbirds, retirees, and military personnel alike, Panama City lays claim to a wide range of attractive, affordable apartments for rent. A quick look through this apartment guide and you’ll be just two shakes of an alligator’s tail from living the good life in the Sunshine State!

You might be pleasantly surprised to find out that inexpensive apartments in Panama City are a dime a dozen. Basic one and two bedroom rentals often go for less than $500, and even spacious (1,000-plus square foot) luxury units are generally available in the $750 - $850 range. Looking for a room with a view? We’ve got you covered! Do you need a pet-friendly apartment for rent in Panama? Check. Short-term lease options and seasonal rentals are available as well, and waiting lists rarely pop up, so you shouldn’t have a problem scoring your dream apartment in Panama no matter what your leasing needs are.

Amenities, fortunately, tend to settle on the “dynamite” side of things in Panama City apartment complexes, and frequently include scenic views, a swimming pool, laundry facilities, clubhouse, gym, and free Wi-Fi. Just bring along proof of income, a list of previous residences, and a blank check to buck up for the modest ($200 - $400) security deposit you’ll probably have to pay, and you’ll be soaking up some rays in Panama City in no time!

Of course, there’s a lot more to life on the Panhandle than super sweet renting opportunities. Panama City boasts an average of 320 sunny days a year (we’re getting jealous just thinking about it!), meaning it’s almost always a picture perfect day to make the short trek to the adjacent Panama City Beach. Other popular outdoors attractions include a sprawling, scenic state park, a plethora of renowned golf courses, and seemingly countless miles of nature, hiking, and biking trails. Factor in a variety of galleries, museums, historic landmarks, and excellent eateries, and it’s safe to say you won’t regret making the move to Panama City!

So what are you waiting for? Start scouring through the listings, best of luck, and happy hunting!

Apartments for Rent in Panama City, FL

Exchange at North Bay

Bayside Villas

Westwood Village

The Kelly at 23rd Luxury Apartments

The Residences at SweetBay

Pointe Grand Panama City

Sunset Village

The Tyde Apartments

Exchange at the Beach

2100 W Beach Dr

1028 Spring Avenue

374 Massalina Drive unit: B

1716 Hickory Avenue

1111 Fortune unit: A

1309 Capri Drive

3701 Burnham Way

Average rent in Panama City, Florida

Top neighborhoods in Panama City

Bunkers Cove

What it’s like to live in Bunkers Cove

Great for

Neighborhood vibe

More Rental Options

Find an apartment for rent in Panama City, FL

Frequently Asked Questions (FAQs)

Panama City, FL Rental Market Trends

Panama City Rent Report: January 2026

Panama City Rent Report: January 2026

Living in Panama City, FL

Panama City Apartment Renter's Guide

Panama City Apartment Renter's Guide