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$1,665
The Kelly at 23rd Luxury Apartments
2002 Wilson Ave, Panama City, FL 32405 -
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Price Drop. $574 Off|
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Rent Special
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Rent SpecialTotal Monthly Price Total Monthly Price New2 BEDS$1,559Base Rent$1,559 - $1,579Required Monthly FeesNoneTotal Monthly Price$1,559 - $1,579
Arbor Trace Apartment Homes
3900 Arbor Trace Dr, Lynn Haven, FL 32444 -
Price Drop. $235 Off|Total Monthly Price Total Monthly Price New2 BEDS$1,740Base Rent$1,649 - $1,945Required Monthly Fees$91Utilities & EssentialsVariesTotal Monthly Price$1,740 - $2,036
Perla
2195 Wilkinson St, Panama City Beach, FL 32408 -
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Good Value
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Rent Special|
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Good Value
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Rent Special|2 BEDS$1,509
Eagles Landing Luxury Apartment Homes
2870 Harrison Ave, Panama City, FL 32405 -
Price Drop. $201 Off
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2 Months Free|2 BEDS$1,490
The Place at Grand Lagoon
7120 Patronis Dr, Panama City Beach, FL 32408 -
Good Value2 BEDS$1,125
Pinnacle at Hammock Square
2206 Hammock Square Dr, Lynn Haven, FL 32444 -
Rent Special
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Good Value2 BEDS$728
Tranquility at Saint Andrews
1318 Saint Andrews Blvd, Panama City, FL 32405 -
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1 Month Free
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Price Drop. $321 OffTotal Monthly Price Total Monthly Price New2 BEDS$1,975Base Rent$1,850 - $2,350Required Monthly Fees$125Utilities & EssentialsVariesTotal Monthly Price$1,975 - $2,109
Covey Homes Grand Lagoon
7110 London St, Panama City Beach, FL 32407 -
Good ValueTotal Monthly Price Total Monthly Price New2 BEDS$1,240Base Rent$1,240 - $1,395Required Monthly FeesNoneTotal Monthly Price$1,240 - $1,345Aztec Villa Apartments
3913 Pisa Dr, Panama City, FL 32405 -
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2 Months Free
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Good Value
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Good Value
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Good ValueTotal Monthly Price Total Monthly Price New2 BEDS$1,568Base Rent$1,568 - $1,748Required Monthly FeesNoneTotal Monthly Price$1,568 - $1,599
10X Panama City Beach
7150 W Highway 98, Panama City Beach, FL 32407 -
Good Value
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Good Value2 BEDS$1,400Bay Front Apartments
1699 S Gay Ave, Panama City, FL 32404 -
2 BEDS$1,650Spyglass Apartments
4938 Spy Glass Dr, Panama City, FL 32408 -
2 BEDS$1,800
Twin Oaks Apartments
6201 Cherry St, Panama City, FL 32404 -
Exceptional Value2 BEDS$975
Cedar Trace Apartments
3719 E 8th Ct, Panama City, FL 32401 -
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$1,739Base Rent$1,739Required Monthly FeesNoneTotal Monthly Price$1,7395218 Beach Dr Unit SI ID1355001P
5218 Beach Dr, Panama City, FL 32408
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 $835 / mo
- 1 Bedroom 759 Sq Ft $1,218 / mo
- 2 Bedrooms 1,065 Sq Ft $1,488 / mo
- 3 Bedrooms 1,369 Sq Ft $1,839 / mo
- 4 Bedrooms 1,806 Sq Ft $2,223 / mo
Top Budget-Friendly Neighborhoods in Panama City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Pretty Bayou 692 Sq Ft $1,428/mo
- SweetBay 660 Sq Ft $1,440/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Panama City
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Price Drop
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Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.