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Luxury Apartments for Rent in Panama City, FL

83 Rentals
.
  2. Aerial - Covey Homes Grand Lagoon
    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
  7. Building Photo - 122 Georgetown Ave
    2 BEDS, 2 BATHS
    $4,319
    Total Monthly Price Total Monthly Price New
    Base Rent$4,319
    Required Monthly FeesNone
    Total Monthly Price$4,319

    122 Georgetown Ave Unit SI ID1447164P

    122 Georgetown Ave, Panama City, FL 32461
  11. Building Photo - 9815 S Thomas Dr
    3 BEDS, 2 BATHS
    $4,024
    Total Monthly Price Total Monthly Price New
    Base Rent$4,024
    Required Monthly FeesNone
    Total Monthly Price$4,024

    9815 S Thomas Dr Unit SI ID1523339P

    9815 S Thomas Dr, Panama City, FL 32408
  12. Building Photo - 5402 Pinetree Ave
    3 BEDS, 2 BATHS
    $8,288
    Total Monthly Price Total Monthly Price New
    Base Rent$8,288
    Required Monthly FeesNone
    Total Monthly Price$8,288

    5402 Pinetree Ave Unit SI ID1447170P

    5402 Pinetree Ave, Panama City, FL 32408
  13. 2 BEDS, 2 BATHS
    $6,212
    Total Monthly Price Total Monthly Price New
    Base Rent$6,212
    Required Monthly FeesNone
    Total Monthly Price$6,212

    4050 Marriott Dr Unit SI ID1510830P

    4050 Marriott Dr, Panama City, FL 32408
  16. Building Photo - 6320 Beach Dr
    3 BEDS, 2.5 BATHS
    $2,900

    6320 Beach Dr

    6320 Beach Dr, Panama City, FL 32408

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Panama City at a Glance

Average Rent

$1,211
(All bedrooms and property types)
Learn more about
Average Rent in Panama City
8

School Rating

out of 10 Rating
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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 682 Sq Ft $1,439/mo
  • SweetBay 658 Sq Ft $1,466/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.

Apartments for Rent Near Panama City

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Panama City Apartments for Rent in Your Budget

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