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  2. Building Photo - Perla
    Good Value
    |
    1 BED
    $1,556+
    2 BEDS
    $1,686+
    3 BEDS
    $1,995+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,465 - $2,369
    Required Monthly Fees$91
    Utilities & EssentialsVaries
    Total Monthly Price$1,556 - $2,460

    Perla

    2195 Wilkinson St, Panama City Beach, FL 32408
    (850) 919-4477
  3. 1 Month Free
    1 Month Free
    |
    1 BED
    $1,300+
    2 BEDS
    $1,550+
    3 BEDS
    $1,800+

    Emerald Park

    8604 Whelch Dr, Panama City, FL 32408
    (850) 818-9029
  20. 1 Month Free
    1 Month Free
    3 BEDS
    $2,360+
    4 BEDS
    $2,104+
    5 BEDS
    $2,605+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,999 - $2,823
    Required Monthly Fees$105
    Utilities & EssentialsVaries
    Total Monthly Price$2,104 - $2,928

    Sunset Village

    5284 Emma Grace Dr, Panama City, FL 32404
    (448) 228-4700
  25. 2 Months Free
    2 Months Free
    2 BEDS
    $1,975+
    3 BEDS
    $2,124+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,775 - $2,149
    Required Monthly Fees$125
    Utilities & EssentialsVaries
    Total Monthly Price$1,975 - $2,274

    Covey Homes Grand Lagoon

    7110 London St, Panama City Beach, FL 32407
    (448) 233-2852
  34. 1 BED
    $1,329+
    2 BEDS
    $1,624+
    3 BEDS
    $1,805+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,262 - $4,288
    Required Monthly Fees$67
    Utilities & EssentialsVaries
    Total Monthly Price$1,329 - $1,842

    10X Panama City Beach

    7150 W Highway 98, Panama City Beach, FL 32407
    (850) 788-8871
  37. 4 BEDS, 2 BATHS
    $2,350
    Total Monthly Price Total Monthly Price New
    Base Rent$2,350
    Required Monthly FeesNone
    Total Monthly Price$2,350

    6714 Fox Lake Dr

    6714 Fox Lake Dr, Panama City, FL 32404
    Apply
  38. 3 BEDS, 2.5 BATHS
    $1,800
    Total Monthly Price Total Monthly Price New
    Base Rent$1,800
    Required Monthly FeesNone
    Total Monthly Price$1,800

    3938 Solano Rd

    3938 Solano Rd, Panama City, FL 32405
    (850) 818-8069
  41. Building Photo - Cedar Trace Apartments
    Exceptional Value
    1 BED
    $900+
    2 BEDS
    $1,000+
    3 BEDS
    $1,150+
    4 BEDS
    $1,350+

    Cedar Trace Apartments

    3719 E 8th Ct, Panama City, FL 32401
Showing 42 of 388 results, Page 1 of 10

Panama City at a Glance

Average Rent

$1,196
(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)

Average Rent in Nearby Cities

(For 1 bedroom apartments)

Education

GreatSchools Rating
The Collegiate School at FSU Panama City

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
North Bay Haven Career Academy

Public High School

Public
Grades 9-12
897 Students
GreatSchools Rating
Bay Haven Charter Middle School

Public Middle School

Public
Grades 6-8
433 Students
GreatSchools Rating
North Bay Haven Charter Academy Middle School

Public Middle School

Public
Grades 6-8
524 Students
GreatSchools Rating
North Bay Haven Charter Academy Elementary School

Public Elementary School

Public
Grades K-5
695 Students
GreatSchools Rating
Hutchison Beach Elementary School

Public Elementary School

Public
Grades K-5
621 Students

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

Apartments for Rent Near Panama City

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Panama City Apartments for Rent in Your Budget

Frequently asked questions about renting in Panama City, FL

What are the average rent costs in Panama City, FL?

The average rent in Panama City, FL is $1,196.

What are the average rent costs of a studio apartment in Panama City, FL?

The average rent for a studio apartment in Panama City, FL is $832.

What are the average rent costs of a one bedroom apartment in Panama City, FL?

The average rent for a 1 bedroom apartment in Panama City, FL is $1,196.

What are the average rent costs of a two bedroom apartment in Panama City, FL?

The average rent for a 2 bedroom apartment in Panama City, FL is $1,487.

What are the average rent costs of a three bedroom apartment in Panama City, FL?

The average rent for a 3 bedroom apartment in Panama City, FL is $1,779.

What are the average rent costs of a four bedroom apartment in Panama City, FL?

The average rent for a 4 bedroom apartment in Panama City, FL is $2,087.

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