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Apartments under $1,200 for Rent in Panama City Beach, FL

31 Rentals
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  6. Building Photo - Cottages by the Bay
    Good Value
    STUDIO
    $899+
    1 BED
    $1,039+

    Cottages by the Bay

    6200 Cypress Point Dr, Panama City Beach, FL 32408
  9. Building Photo - 5230 Beach Dr
    1 BED, 1 BATH
    $1,200
    Total Monthly Price Total Monthly Price New
    Base Rent$1,200
    Required Monthly FeesNone
    Total Monthly Price$1,200

    5230 Beach Dr

    5230 Beach Dr, Panama City, FL 32408
    Apply
  11. Building Photo - 105 Kapalua Dr
    2 BEDS, 1 BATH
    $1,195

    105 Kapalua Dr

    105 Kapalua Dr, Panama City Beach, FL 32408

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Panama City Beach at a Glance

Average Rent

$1,493
(All bedrooms and property types)
Learn more about
Average Rent in Panama City Beach
6

School Rating

out of 10 Rating
Learn more about
Schools in Panama City Beach

Panama City Beach, FL Apartments for Rent

Panama City Beach stretches along Florida's Emerald Coast, where 9 miles of sugar-white sandy beaches meet the Gulf of Mexico's turquoise waters. Those searching for apartments for rent in Panama City Beach will find options ranging from beachfront communities to spots near shopping and entertainment districts, with one-bedroom units averaging around $1,391 and two-bedroom apartments typically renting for approximately $1,633.

Renting in Panama City Beach means easy access to coastal fun and everyday conveniences. The Pier Park district serves up shopping, dining, and entertainment all in one central spot, while St. Andrews State Park offers hiking trails, fishing spots, and wildlife viewing opportunities. Residents enjoy being close to Gulf Coast State College and Florida State University's Panama City campus. Major roadways including U.S. Highway 98 connect the beach community to neighboring Panama City and other destinations along the Panhandle. The area's tourism-driven economy creates plenty of jobs in hospitality, retail, and service industries, while the year-round coastal climate keeps outdoor activities accessible throughout every season.

Renting in Panama City Beach

Average Rental Rates and Apartment Sizes

Education

GreatSchools Rating
J.R. Arnold High School

Public High School

Public
Grades 9-12
1,596 Students
GreatSchools Rating
Surfside Middle School

Public Middle School

Public
Grades 6-8
705 Students
GreatSchools Rating
Patronis Elementary School

Public Elementary School

Public
Grades K-5
548 Students
GreatSchools Rating
West Bay Elementary School

Public Elementary School

Public
Grades K-5
349 Students

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

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