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Showing all results in Panama City, FL.

Show Nearby Apartments

Apartments under $500 for Rent in Panama City, FL

1,109 Rentals
.
  1. Laurie Series Kitchen - Emerald Park
    $249 Off
    Price Drop. $249 Off
    |
    1 BED
    $1,450+
    2 BEDS
    $1,650+
    3 BEDS
    $1,900+

    Emerald Park

    8604 Whelch Dr, Panama City, FL 32408
    (850) 818-9029
  3. Building Photo - Cedar Trace Apartments
    $205 Off
    Price Drop. $205 Off
    1 BED
    $900+
    2 BEDS
    $975+
    3 BEDS
    $1,125+
    4 BEDS
    $1,295+

    Cedar Trace Apartments

    3719 E 8th Ct, Panama City, FL 32401
  5. Building Photo - Perla
    $190 Off
    Price Drop. $190 Off
    |
    1 BED
    $1,556+
    2 BEDS
    $1,625+
    3 BEDS
    $2,405+
    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
  11. Building Photo - Cottages by the Bay
    Good Value
    STUDIO
    $899+
    1 BED
    $1,039+
    2 BEDS
    $1,388+

    Cottages by the Bay

    6200 Cypress Point Dr, Panama City Beach, FL 32408
  24. Building Photo - Sunset Village
    1 Month Free
    1 Month Free
    3 BEDS
    $2,081+
    4 BEDS
    $2,105+
    5 BEDS
    $2,705+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,975 - $2,823
    Required Monthly Fees$106
    Utilities & EssentialsVaries
    Total Monthly Price$2,081 - $2,929

    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
  29. 6201 Cherry St. Apt#12 Panama City, Fl 32404 - Twin Oaks Apartments
    Rent Special
    Rent Special
    1 BED
    $1,400+
    2 BEDS
    $1,800+

    Twin Oaks Apartments

    6201 Cherry St, Panama City, FL 32404
  33. Building Photo - 238 Springfield Ave
    Rent Special
    Rent Special
    3 BEDS, 2 BATHS
    $1,900
    Total Monthly Price Total Monthly Price New
    Base Rent$1,900
    Required Monthly FeesNone
    Total Monthly Price$1,900

    238 Springfield Ave

    238 Springfield Ave, Panama City, FL 32401
    Apply

Panama City at a Glance

Average Rent

$1,217
(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
  • Pretty Bayou 672 Sq Ft $1,445/mo
  • SweetBay 655 Sq Ft $1,470/mo

Education

GreatSchools Rating
The Collegiate School at FSU Panama City

Public High School

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

Public High School

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

Public Middle School

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

Public Middle School

Public
Grades 6-8
554 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
549 Students

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

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