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  1. Building Photo - 2175 Frankford Ave
    2 BEDS, 1 BATH
    $950
    Total Monthly Price Total Monthly Price New
    Base Rent$950
    Required Monthly FeesNone
    Total Monthly Price$950

    2175 Frankford Ave Unit C101

    2175 Frankford Ave, Panama City, FL 32405
  2. Main grounds - 2100 W Beach Dr
    Rent Special
    2 BEDS, 1 BATH
    $1,700
    Total Monthly Price Total Monthly Price New
    Base Rent$1,700
    Required Monthly FeesNone
    Total Monthly Price$1,700

    2100 W Beach Dr Unit F102

    2100 W Beach Dr, Panama City, FL 32401
  3. Building Photo - 5230 Beach Dr
    1 BED, 1 BATH
    $1,200
    Total Monthly Price Total Monthly Price New
    Base Rent$1,200 - $1,250
    Required Monthly FeesNone
    Total Monthly Price$1,200 - $1,250

    5230 Beach Dr

    5230 Beach Dr, Panama City, FL 32408
  4. Building Photo - 4480 E Hwy 98
    2 BEDS, 1.5 BATHS
    $1,250

    4480 E Hwy 98

    4480 E Hwy 98, Panama City, FL 32404
  5. 3 BEDS, 2.5 BATHS
    $1,895

    409 N Gay Ave

    409 N Gay Ave, Panama City, FL 32404
  6. 1 BED, 1 BATH
    $1,495

    Harbour Towne

    6568 Harbour Blvd, Panama City Beach, FL 32407
Showing 42 of 112 results, Page 1 of 3

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
Learn more about
Schools in Panama City

Panama City, FL Condos 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 669 Sq Ft $1,435/mo
  • SweetBay 651 Sq Ft $1,459/mo

Education

GreatSchools Rating

Public High School

Public
Grades 9-12
Students
GreatSchools Rating

Public High School

Public
Grades 9-12
897 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
433 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
524 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
695 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
621 Students

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

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