Low Income Apartments for Rent in Panama City, FL
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Rent Special1 BED$1,195+2 BEDS$1,295+
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2 BEDS$1,193+3 BEDS$1,387+
The Arbors @ 15th
265 W 15th St, Panama City, FL 32401 -
4 BEDS$1,559
Foxwood
1701 Hamilton Ave, Panama City, FL 32405
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Panama City, FL Apartments for Rent
Panama City offers coastal living and practical amenities along Florida's Emerald Coast. Located on St. Andrews Bay, this Bay County seat stands as the largest city between Tallahassee and Pensacola, providing residents with waterfront views and a mild subtropical climate. The cost of living falls below the state average, with one-bedroom apartments typically renting for around $1,215—compared to Florida's state average of $1,691.
The city encompasses several distinct areas, including Downtown Panama City, Historic St. Andrews, and Millville Historic District. Major employers in the area include Tyndall Air Force Base, which is undergoing a $5.3 billion reconstruction, and Eastern Shipbuilding Group. Educational institutions like Gulf Coast State College and Florida State University's Panama City Campus serve the local community. Residents can access beaches across the Hathaway Bridge, while downtown Panama City features local shops and restaurants.
Renting in Panama City
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 353 Sq Ft $844 / mo
- 1 Bedroom 723 Sq Ft $1,238 / mo
- 2 Bedrooms 1,028 Sq Ft $1,514 / mo
- 3 Bedrooms 1,246 Sq Ft $1,904 / mo
- 4 Bedrooms 1,880 Sq Ft $2,293 / mo
Top Budget-Friendly Neighborhoods in Panama City
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- SweetBay 668 Sq Ft $1,441/mo
- Pretty Bayou 691 Sq Ft $1,443/mo
Getting Around Panama City
Education
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Apartments for Rent Near Panama City
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Panama City Apartments for Rent in Your Budget
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Note: Based on community-supplied data and independent market research. Subject to change without notice.