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Three Bedroom Apartments for Rent in Panama City, FL

367 Rentals
  1. Rent Special
    3 BEDS
    $1,759
    Total Monthly Price Total Monthly Price New
    Base Rent$1,759 - $1,779
    Required Monthly FeesNone
    Total Monthly Price$1,759 - $1,779

    Arbor Trace Apartment Homes

    3900 Arbor Trace Dr, Lynn Haven, FL 32444
    (850) 771-2623
  2. Price Drop. $320 Off
    |
    3 BEDS
    $2,185
    Total Monthly Price Total Monthly Price New
    Base Rent$2,094
    Required Monthly Fees$91
    Utilities & EssentialsVaries
    Total Monthly Price$2,185

    Perla

    2195 Wilkinson St, Panama City Beach, FL 32408
    (850) 919-4477
  3. Price Drop. $253 Off
    3 BEDS
    $2,132
    Total Monthly Price Total Monthly Price New
    Base Rent$2,007 - $2,082
    Required Monthly Fees$125
    Utilities & EssentialsVaries
    Total Monthly Price$2,132 - $2,207

    Covey Homes Grand Lagoon

    7110 London St, Panama City Beach, FL 32407
    (448) 233-2852
  4. Building Photo - Aztec Villa Apartments
    Good Value
    3 BEDS
    $1,505
    Total Monthly Price Total Monthly Price New
    Base Rent$1,505 - $1,525
    Required Monthly FeesNone
    Total Monthly Price$1,505 - $1,525

    Aztec Villa Apartments

    3913 Pisa Dr, Panama City, FL 32405
    (850) 788-2982
  5. Price Drop. $357 Off
    3 BEDS
    $1,739
    Total Monthly Price Total Monthly Price New
    Base Rent$1,699 - $1,767
    Required Monthly Fees$40
    Total Monthly Price$1,739 - $1,807

    10X Panama City Beach

    7150 W Highway 98, Panama City Beach, FL 32407
    (850) 788-8871
  6. Building Photo - 30 Sandpine Loop
    3 BEDS, 2 BATHS
    $4,649
    Total Monthly Price Total Monthly Price New
    Base Rent$4,649
    Required Monthly FeesNone
    Total Monthly Price$4,649

    30 Sandpine Loop Unit SI ID1564080P

    30 Sandpine Loop, Panama City, FL 32461
Showing 42 of 203 results, Page 1 of 5

Panama City at a Glance

Average Rent

$1,209
(All bedrooms and property types)
Learn more about
Average Rent in Panama City
8

School Rating

out of 10 Rating
Learn more about
Schools in Panama City

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

Top Budget-Friendly Neighborhoods in Panama City

(For 1 bedroom apartments)
  • Neighborhoods Average Sq Ft Average Rent
  • SweetBay 648 Sq Ft $1,471/mo
  • Pretty Bayou 665 Sq Ft $1,475/mo

Education

GreatSchools Rating

Public High School

Public
Grades 9-12
277 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
886 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
436 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
554 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
695 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
549 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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