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Apartments under $1,600 for Rent in Panama City Beach, FL

208 Rentals
.
  22. STUDIO
    $939+
    1 BED
    $1,050+
    2 BEDS
    $1,388+

    Cottages by the Bay

    6200 Cypress Point Dr, Panama City Beach, FL 32408
  26. Building Photo - 6950 US-98
    2 BEDS, 2 BATHS
    $1,079

    6950 US-98

    6950 US-98, Panama City Beach, FL 32407
  30. 3 BEDS, 2 BATHS
    $1,595

    249 Shalimar St

    249 Shalimar St, Panama City Beach, FL 32413
  32. Building Photo - 602 Fernwood St
    2 BEDS, 2 BATHS
    $1,525

    602 Fernwood St

    602 Fernwood St, Panama City Beach, FL 32407
  38. 2 BEDS, 1 BATH
    $1,400

    103 Downing St

    103 Downing St, Panama City Beach, FL 32413
Showing 42 of 58 results, Page 1 of 2

Panama City Beach at a Glance

Average Rent

$1,464
(All bedrooms and property types)
Learn more about
Average Rent in Panama City Beach
5

School Rating

out of 10 Rating
Learn more about
Schools in Panama City Beach
1

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Panama City Beach
50

Somewhat Bikeable

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

Panama City Beach, FL Apartments for Rent

Panama City Beach, situated along the Gulf of Mexico in the Florida Panhandle, features 9 miles of pristine shoreline with white sand beaches and emerald waters. This coastal community offers apartments for rent near outdoor attractions like St. Andrews State Park and Frank Brown Park, while Pier Park provides extensive shopping and dining options.

The rental market in Panama City Beach presents various apartment options, with one-bedroom units averaging $1,409 monthly, compared to Florida's state median of $1,691. The area's year-round climate supports an active lifestyle with opportunities for water sports, fishing, and golf. With over 18,000 residents and convenient access to Northwest Florida Beaches International Airport, Panama City Beach combines coastal living with everyday conveniences.

Renting in Panama City Beach

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Panama City Beach

(For 1 bedroom apartments)

Getting Around Panama City Beach

Transportation

36

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.
50

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.
1

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

GreatSchools Rating
J.R. Arnold High School

Public High School

Public
Grades 9-12
1,617 Students
GreatSchools Rating
Surfside Middle School

Public Middle School

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

Public Elementary School

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

Public Elementary School

Public
Grades K-5
313 Students

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

Apartments for Rent Near Panama City Beach

Panama City Beach Apartments for Rent in Your Budget

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