Two Bedroom Apartments for Rent in Panama City, FL
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Rent Special|2 BEDS$1,559
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Rent Special|2 BEDS$1,799
The Kelly at 23rd Luxury Apartments
2002 Wilson Ave, Panama City, FL 32405 -
1 Month Free|
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2 Months Free|
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Rent Special
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Price Drop. $200 Off|Total Monthly Price Total Monthly Price New2 BEDS$1,776Base Rent$1,685 - $1,905Required Monthly Fees$91Utilities & EssentialsVariesTotal Monthly Price$1,776 - $1,996
Perla
2195 Wilkinson St, Panama City Beach, FL 32408 -
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Price Drop. $235 Off|
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Discounts|
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Rent Special|
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Good Value
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Rent Special|
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Rent Special
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Rent Special|2 BEDS$1,509
Eagles Landing Luxury Apartment Homes
2870 Harrison Ave, Panama City, FL 32405 -
2 Months Free
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Good Value|2 BEDS$1,445
The Place at Grand Lagoon
7120 Patronis Dr, Panama City Beach, FL 32408 -
Rent Special
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Good Value2 BEDS$1,125
Pinnacle at Hammock Square
2206 Hammock Square Dr, Lynn Haven, FL 32444 -
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1 Month Free
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2 Months FreeTotal Monthly Price Total Monthly Price New2 BEDS$1,975Base Rent$1,775 - $1,925Required Monthly Fees$125Utilities & EssentialsVariesTotal Monthly Price$1,975 - $2,050
Covey Homes Grand Lagoon
7110 London St, Panama City Beach, FL 32407 -
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Exceptional Value
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2 Months Free
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Good Value
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Good Value
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2 Months FreeTotal Monthly Price Total Monthly Price New2 BEDS$1,691Base Rent$1,624 - $3,160Required Monthly Fees$67Utilities & EssentialsVariesTotal Monthly Price$1,691 - $1,880
10X Panama City Beach
7150 W Highway 98, Panama City Beach, FL 32407 -
Good Value
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Good Value2 BEDS$1,300Bay Front Apartments
1699 S Gay Ave, Panama City, FL 32404 -
Rent Special2 BEDS$1,800Twin Oaks Apartments
6201 Cherry St, Panama City, FL 32404 -
2 BEDS$975
Cedar Trace Apartments
3719 E 8th Ct, Panama City, FL 32401 -
2 BEDS$1,650
Spyglass Apartments
4938 Spy Glass Dr, Panama City, FL 32408 -
2 BEDS$1,385
The Reserve at Northshore
2101 W Highway 390, Lynn Haven, FL 32444 -
2 BEDS$1,388
Cottages by the Bay
6200 Cypress Point Dr, Panama City Beach, FL 32408 -
Total Monthly Price Total Monthly Price New2 BEDS, 2 BATHS$4,319Base Rent$4,319Required Monthly FeesNoneTotal Monthly Price$4,319122 Georgetown Ave Unit SI ID1447164P
122 Georgetown Ave, Panama City, FL 32461 -
Total Monthly Price Total Monthly Price New2 BEDS, 2 BATHS$3,187Base Rent$3,187Required Monthly FeesNoneTotal Monthly Price$3,1875505 Sun Harbor Rd Unit SI ID1541780P
5505 Sun Harbor Rd, Panama City, FL 32401 -
Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$950Base Rent$950Required Monthly FeesNoneTotal Monthly Price$9502175 Frankford Ave Unit C101
2175 Frankford Ave, Panama City, FL 32405
Panama City at a Glance
Panama City, FL Apartments for Rent
Panama City is the county seat of Bay County and the largest city along Florida's Gulf Coast between Tallahassee and Pensacola, situated along U.S. Highway 98 and the shores of St. Andrews Bay. Those searching for apartments for rent in Panama City will discover diverse options in this coastal community, from studios averaging around $833 per month to spacious three-bedroom units at approximately $1,788. The city's historic roots trace back to the early 1900s, when several smaller settlements combined to form the port city recognized today for its maritime heritage and access to the Emerald Coast.
Renting in Panama City appeals to those seeking affordable coastal living with convenient access to employment, education, and recreation. The historic St. Andrews neighborhood features a waterfront district with local shops and a weekly farmers market, while the downtown area showcases an expanding arts scene and dining options specializing in fresh seafood. Florida State University Panama City and Gulf Coast State College provide educational opportunities, and Tyndall Air Force Base serves as a major employer in the region. Residents can easily reach Panama City Beach via U.S. Highway 98, and the city's location on St. Andrews Bay provides year-round access to boating, fishing, and outdoor activities at local parks and marinas.
Renting in Panama City
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 353 Sq Ft $834 / mo
- 1 Bedroom 759 Sq Ft $1,210 / mo
- 2 Bedrooms 1,064 Sq Ft $1,492 / mo
- 3 Bedrooms 1,373 Sq Ft $1,784 / mo
- 4 Bedrooms 1,806 Sq Ft $2,132 / mo
Top Budget-Friendly Neighborhoods in Panama City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Pretty Bayou 672 Sq Ft $1,439/mo
- SweetBay 655 Sq Ft $1,463/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Panama City
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Best Value
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Note: Based on community-supplied data and independent market research. Subject to change without notice.