3 Bedroom Apartments for Rent in Panama City, FL (71 Rentals)

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 1105 Hickory Ave

1105 Hickory Ave

Panama CityFL32401

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 351 College Ave

351 College Ave

Panama CityFL32401
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Panama Commons
3 Bedroom Apartments

Panama Commons

1001 Sherman AvePanama City, FL 32401
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3519 E 1st Ct
3 Bedroom Apartments

3519 E 1st Ct

3519 E 1st CtPanama City, FL 32401
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The Arbors @ 15th
3 Bedroom Apartments

The Arbors @ 15th

265 W 15th StPanama City, FL 32401
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Tyndall AFB Homes
3 Bedroom Apartments

Tyndall AFB Homes

4700 Sentry LnPanama City, FL 32403
Military
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Westshore Palms
3 Bedroom Apartments

Westshore Palms

4141 E 15th StPanama City, FL 32404
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Foxwood
3 Bedroom Apartments

Foxwood

1701 Hamilton AvePanama City, FL 32405
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Sand Dunes Apartments
3 Bedroom Apartments

Sand Dunes Apartments

8011 Front Beach RdPanama City, FL 32407
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Edgewood Apartments
3 Bedroom Apartments

Edgewood Apartments

3325 W 23rd StPanama City, FL 32405
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260 Ryder Ln
3 Bedroom Apartments

260 Ryder Ln

260 Ryder LnPanama City, FL 32404
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1006 McKenzie Ave
3 Bedroom Apartments

1006 McKenzie Ave

1006 McKenzie AvePanama City, FL 32401
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Fletcher Black
3 Bedroom Apartments

Fletcher Black

875 W 11th StPanama City, FL 32401
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Hilltop Pointe
3 Bedroom Apartments

Hilltop Pointe

4514 Hilltop LnPanama City, FL 32405
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NSA Panama City Homes
3 Bedroom Apartments

NSA Panama City Homes

113 Pelican LnPanama City, FL 32407
Military
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814 Oak Ave
3 Bedroom Apartments

814 Oak Ave

814 Oak AvePanama City, FL 32401
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Baldwin Rowe
3 Bedroom Apartments

Baldwin Rowe

1300 Baldwin Rowe CirPanama City, FL 32405
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Landmark Condominiums
3 Bedroom Apartments

Landmark Condominiums

2100 W Beach DrPanama City, FL 32401
Furnished
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Harbour Village
3 Bedroom Apartments

Harbour Village

3001 W 10th StPanama City, FL 32401

Panama City, FL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Panama City 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: May 06, 2025

There are currently 53 available 3 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,505 to $2,769. Heres is today's list of the top neighborhoods in Panama City with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay25$1,950$1,505
Pretty Bayou19$1,787$1,505
Downtown Panama City8$1,995$1,706
St Andrews1$2,100$2,100

Largest Available Panama City 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Panama City, FL is found at Arbor Trace Apartment Homes in the SweetBay neighborhood and is 1,671 square feet priced from $1,775. Sunset Village has the second largest 3 Bedroom, which is sized at 1,641 square feet and currently listed start at $2,250. Here is today’s list of the largest available 3 Bedroom units in Panama City:

Apartment ListingModel NameSquare FootagePriced From
Arbor Trace Apartment HomesRiver Birch1,671 Sq Ft$1,775
Sunset VillageAria1,641 Sq Ft$2,250
Arbor Landing Mill BayouThe Bald Cypress Upper1,610 Sq Ft$2,070
Arbor Crossing at Mill BayouThe Pond Cypress Upper1,610 Sq Ft$2,110
The EnclaveSanderling1,538 Sq Ft$1,775
Eagles Landing Luxury Apartment HomesThe Eagles Nest1,538 Sq Ft$1,770

Cheapest Available Panama City 3 Bedroom Apartments

As of May 06, 2025 the lowest priced 3 Bedroom apartment unit in Panama City, FL is the C1 Model starting from $1,517 at The Place at Grand Lagoon . The second most affordable Panama City 3 Bedroom is the C1 Model at Westshore Palms starting at $1,650 . The average price for all 3 Bedroom apartments in Panama City is currently $2,011. Here is today’s list of the cheapest available 3 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
The Place at Grand LagoonC1$1,517
Westshore PalmsC1$1,650
Ava Kay TownhomesTOWNHOME 1$1,690
Arbor Trace Apartment HomesSweet Magnolia$1,710
Waterstone at JenksThe Onyx$1,750
Eagles Landing Luxury Apartment HomesThe Eagles Nest$1,770
The EnclaveSanderling$1,775
Arbor Landing Mill BayouThe Royal Fern$1,775
MAA Emerald CoastThe Watersound$1,813
Arbor Crossing at Mill BayouThe Cinnamon Fern$1,889

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Panama City Overview

Located snugly between the hubs of Tallahassee and Pensacola, apartments in Panama City are a great way to get to know Florida. Originally going by the clunky name Floriopolis, Panama City has since blossomed into a world-class destination worthy of its new moniker.

Why live in Panama City, FL?

From the gorgeous beaches to the exciting nightlife, Panama City is an idyllic slice of the Sunshine State. With a reasonable cost of living and an on-the-move economic growth rate, this Florida hot spot has been increasing in popularity in recent years with good measure. With a large number of industries including ship building and military calling the area home, Panama City apartments make an easy commute for those in the market for a new career and budding families.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Panama City, FL Rentals by Map

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Getting Around Panama City, FL

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

12 / 100

Minimal Transit

It may be possible to get on a bus

Panama City, FL Area Reviews

    Estrella

    February 25, 2025

    Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir

    Frequently Asked Questions about 3 Bedroom Panama City Apartments

    How much is the average rent for a 3 Bedroom Panama City Apartment?

    The average rent for a 3 Bedroom Apartment in Panama City is $2,011.

    What is the largest available 3 Bedroom Panama City Apartment for rent?

    Today's apartment with the most square footage in Panama City is a 1,671 square feet unit starting from $1,775 at Arbor Trace Apartment Homes.

    What is the average size for Panama City 3 Bedroom Apartments for rent?

    The average size for a 3 Bedroom rental in Panama City is currently 1,423 sq ft.

    Expert Rental Resources

    Helpful Apartment Articles, How-To's and Tips

    The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

    decorative image for Navigating the Rental Market: Tips for First-Time Renters article

    Navigating the Rental Market: Tips for First-Time Renters

    Written by: Sandy Baker

    Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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    Rise of Digital Nomads: Remote Work Tips for Apartment Renters

    Written by: Brandie Parton

    As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

    decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

    Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

    Written by: Christine Leonard, Esq.

    Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

    decorative image for Renting Smart: Lease Basics Every Renter Needs article

    Renting Smart: Lease Basics Every Renter Needs

    Written by: Christine Leonard, Esq.

    Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.