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
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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. $216 Off|
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Price Drop. $235 Off|Total Monthly Price Total Monthly Price New2 BEDS$1,814Base Rent$1,655 - $1,695Required Monthly Fees$159Total Monthly Price$1,814 - $1,854
The Kelly at 23rd Luxury Apartments
2002 Wilson Ave, Panama City, FL 32405 -
Rent Special|
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Rent Special|2 BEDS$1,509
Eagles Landing Luxury Apartment Homes
2870 Harrison Ave, Panama City, FL 32405 -
Price Drop. $215 Off|Total Monthly Price Total Monthly Price New2 BEDS$1,756Base Rent$1,665 - $1,945Required Monthly Fees$91Utilities & EssentialsVariesTotal Monthly Price$1,756 - $2,036
Perla
2195 Wilkinson St, Panama City Beach, FL 32408 -
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Rent Special
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Good Value|2 BEDS$1,490
The Place at Grand Lagoon
7120 Patronis Dr, Panama City Beach, FL 32408 -
Exceptional ValueTotal Monthly Price Total Monthly Price New2 BEDS$1,397Base Rent$1,357 - $1,419Required Monthly Fees$40Total Monthly Price$1,397 - $1,459
10X Panama City Beach
7150 W Highway 98, Panama City Beach, FL 32407 -
Price Drop. $201 Off
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1 Month Free
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Good Value2 BEDS$1,125
Pinnacle at Hammock Square
2206 Hammock Square Dr, Lynn Haven, FL 32444 -
Price Drop. $190 Off
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Rent Special
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2 BEDS$1,151
Tranquility at Saint Andrews
1318 Saint Andrews Blvd, Panama City, FL 32405 -
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Rent Special
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2 Months FreeTotal Monthly Price Total Monthly Price New2 BEDS$2,017Base Rent$1,892 - $1,967Required Monthly Fees$125Utilities & EssentialsVariesTotal Monthly Price$2,017 - $2,092
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 - $1,365Required Monthly FeesNoneTotal Monthly Price$1,240 - $1,365Aztec Villa Apartments
3913 Pisa Dr, Panama City, FL 32405 -
Rent Special -
Total Monthly Price Total Monthly Price New2 BEDS$1,330Base Rent$1,330Required Monthly FeesNoneTotal Monthly Price$1,330
Tyndall Pointe Townhomes
160 N Fox Ave, Panama City, FL 32404 -
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Good Value
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Good Value
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Good Value
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Rent Special2 BEDS$1,500Bay Front Apartments
1699 S Gay Ave, Panama City, FL 32404 -
2 BEDS$1,800Twin Oaks Apartments
6201 Cherry St, Panama City, FL 32404 -
2 BEDS$995
Palm Court Apartments
3510 St John, Panama City, FL 32401 -
Exceptional Value2 BEDS$1,000
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$1,503Base Rent$1,503Required Monthly FeesNoneTotal Monthly Price$1,5038115 Thomas Dr Unit SI FL2-ID1355038P
8115 Thomas 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 $837 / mo
- 1 Bedroom 760 Sq Ft $1,215 / mo
- 2 Bedrooms 1,062 Sq Ft $1,473 / mo
- 3 Bedrooms 1,342 Sq Ft $1,763 / mo
- 4 Bedrooms 1,806 Sq Ft $2,139 / mo
Top Budget-Friendly Neighborhoods in Panama City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Pretty Bayou 674 Sq Ft $1,476/mo
- SweetBay 652 Sq Ft $1,484/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.