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Studio Apartments for Rent in Panama City, FL
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STUDIO$899Cottages by the Bay
6200 Cypress Point Dr, Panama City Beach, FL 32408 -
STUDIO, 1 BATH$1,32517784 Front Beach Rd Unit 10
17784 Front Beach Rd, Panama City, FL 32413
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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 $832 / mo
- 1 Bedroom 759 Sq Ft $1,203 / mo
- 2 Bedrooms 1,064 Sq Ft $1,483 / mo
- 3 Bedrooms 1,373 Sq Ft $1,793 / mo
- 4 Bedrooms 1,806 Sq Ft $2,231 / mo
Top Budget-Friendly Neighborhoods in Panama City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Pretty Bayou 678 Sq Ft $1,413/mo
- SweetBay 644 Sq Ft $1,444/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Panama City
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Note: Based on community-supplied data and independent market research. Subject to change without notice.