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  2. Building Photo - Perla
    $305 Off
    Price Drop. $305 Off
    |
    1 BED
    $1,295+
    2 BEDS
    $1,599+
    3 BEDS
    $1,994+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,205 - $2,369
    Required Monthly Fees$90
    Utilities & EssentialsVaries
    Total Monthly Price$1,295 - $2,459

    Perla

    2195 Wilkinson St, Panama City Beach, FL 32408
    (850) 919-4477
  20. 3 BEDS
    $2,360+
    4 BEDS
    $2,205+
    5 BEDS
    $2,555+
    Total Monthly Price Total Monthly Price New
    Base Rent$2,100 - $2,823
    Required Monthly Fees$104
    Utilities & EssentialsVaries
    Total Monthly Price$2,204 - $2,927

    Sunset Village

    5284 Emma Grace Dr, Panama City, FL 32404
    (448) 228-4700
  25. 2 BEDS
    $1,950+
    3 BEDS
    $2,025+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,825 - $2,149
    Required Monthly Fees$124
    Utilities & EssentialsVaries
    Total Monthly Price$1,949 - $2,273

    Covey Homes Grand Lagoon

    7110 London St, Panama City Beach, FL 32407
    (448) 233-2852
  39. 2 BEDS, 2 BATHS
    $1,800
    Total Monthly Price Total Monthly Price New
    Base Rent$1,800
    Required Monthly FeesNone
    Total Monthly Price$1,800

    6214 E Azalea Ave

    6214 E Azalea Ave, Panama City, FL 32408
    (850) 771-1371
  40. 3 BEDS, 2.5 BATHS
    $2,000
    Total Monthly Price Total Monthly Price New
    Base Rent$2,000
    Required Monthly FeesNone
    Total Monthly Price$2,000

    7479 Shadow Lake Dr

    7479 Shadow Lake Dr, Panama City Beach, FL 32407
    (850) 818-3253
  42. 3 BEDS, 2 BATHS
    $2,300
    Total Monthly Price Total Monthly Price New
    Base Rent$2,300
    Required Monthly FeesNone
    Total Monthly Price$2,300

    316 Brady Way

    316 Brady Way, Panama City, FL 32408
    (850) 771-7953
Showing 42 of 393 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
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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
Students
GreatSchools Rating
Bay Haven Charter Middle School

Public Middle School

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

Public Middle School

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

Public Elementary School

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

Public Elementary School

Public
Grades K-5
Students

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

Apartments for Rent Near Panama City

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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 $831.

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 $1,484.

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 $1,788.

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 $2,139.

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