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  2. Emerald Park Sign - Emerald Park
    $387 Off
    Price Drop. $387 Off
    |
    1 BED
    $1,300+
    2 BEDS
    $1,650+
    3 BEDS
    $1,900+

    Emerald Park

    8604 Whelch Dr, Panama City, FL 32408
    Call
  6. Good Value
    |
    1 BED
    $1,425+
    2 BEDS
    $1,685+
    3 BEDS
    $2,264+

    Perla

    2195 Wilkinson St, Panama City Beach, FL 32408
    Call
  12. Rent Special
    Rent Special
    1 BED
    $1,425+
    2 BEDS
    $1,575+
    3 BEDS
    $1,725+

    The Enclave

    2950 Harrison Ave, Panama City, FL 32405
    Call
  35. Exceptional Value
    STUDIO
    $929+
    1 BED
    $1,050+
    2 BEDS
    $1,399+

    Cottages by the Bay

    6200 Cypress Point Dr, Panama City Beach, FL 32408
Showing 42 of 376 results, Page 1 of 9

Panama City at a Glance

Average Rent

$1,243
(All bedrooms and property types)
Learn more about
Average Rent in Panama City
4

School Rating

out of 10 Rating
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Schools in Panama City
12

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Panama City
46

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Panama City

Panama City, FL Apartments for Rent

Panama City offers coastal living and practical amenities along Florida's Emerald Coast. Located on St. Andrews Bay, this Bay County seat stands as the largest city between Tallahassee and Pensacola, providing residents with waterfront views and a mild subtropical climate. The cost of living falls below the state average, with one-bedroom apartments typically renting for around $1,215—compared to Florida's state average of $1,691.

The city encompasses several distinct areas, including Downtown Panama City, Historic St. Andrews, and Millville Historic District. Major employers in the area include Tyndall Air Force Base, which is undergoing a $5.3 billion reconstruction, and Eastern Shipbuilding Group. Educational institutions like Gulf Coast State College and Florida State University's Panama City Campus serve the local community. Residents can access beaches across the Hathaway Bridge, while downtown Panama City features local shops and restaurants.

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
  • Pretty Bayou 701 Sq Ft $1,518/mo
  • SweetBay 668 Sq Ft $1,530/mo

Average Rent in Nearby Cities

(For 1 bedroom apartments)

Getting Around Panama City

Transportation

40

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
46

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
12

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

5
Bay High School
out of 10 Rating
Public | Grades 9- 12 | 1,255 Students
3
Merritt Brown Middle School
out of 10 Rating
Public | Grades 6- 8 | 701 Students
2
Jinks Middle School
out of 10 Rating
Public | Grades 6- 8 | 570 Students
7
Hutchison Beach Elementary School
out of 10 Rating
Public | Grades K- 5 | 621 Students
School data provided by Great Schoolsⓘ

Apartments for Rent Near Panama City

Specialty Housing

Choose by Amenities

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 $1,243.

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 $843.

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 $1,243.

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 $1,502.

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 $1,880.

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 $2,379.

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