Cheap Apartments for Rent in Panama City, FL from $400(20 Rentals)

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600 N Bob Little Rd
$9251 Bedroom, 1 Bath Home for RentAvailable Now

600 N Bob Little Rd

Panama City, FL 32404
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7714 FL-22
$9501 Bedroom, 1 Bath Home for RentAvailable Now

7714 FL-22

Panama City, FL 32404
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3519 E 1st Ct
$9952 Bedroom, 1 Bath Home for RentAvailable Now

3519 E 1st Ct

Panama City, FL 32401
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1511 Molitor Ave
$9951 Bedroom, 1 Bath Home for RentAvailable Now

1511 Molitor Ave

Panama City, FL 32401
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5802 Sr-22 Apartments
from $5251 Bedroom Apartments

5802 Sr-22

5802 Sr-22Panama City, FL 32404
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Panama Commons Apartments
from $5952 Bedroom Apartments

Panama Commons

1001 Sherman AvePanama City, FL 32401
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Parkway Apartments
from $7951 to 2 Bedroom Apartments

Parkway Apartments

5707 Lake DrPanama City, FL 32404
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3519 E 1st Ct Apartments
from $8501 to 4 Bedroom Apartments

3519 E 1st Ct

3519 E 1st CtPanama City, FL 32401
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Andrews Place Apartments
from $8861 to 3 Bedroom Apartments

Andrews Place Apartments

1914 Frankford AvePanama City, FL 32405
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Panama City, FL Local Guide

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

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 11/30/2024

Current apartment rentals in the Panama City, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Panama City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
St Andrews$1,515$8865
Pretty Bayou$1,770$88695
SweetBay$1,895$49993
Downtown Panama City$1,980$49956

Cheapest Available Panama City Apartments for Rent

 

The cheapest available apartment rental in Panama City, FL is a 1 Bed unit found at The Arbors @ 15th in the Downtown Panama City neighborhood priced from $499. Cottages by the Bay has the second lowest priced unit, which is a Studio apartment currently listed from $929. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arbors @ 15th1 Bed, 1 bath1BR,1BA$499
Cottages by the BayStudioStudio,1BA$929
Aztec Villa ApartmentsOne Bedroom1BR,1BA$1,085
Bayside VillasB12BR,1BA$1,099
Turtle LakeA11BR,1BA$1,181

Best Value Apartments for Rent in Panama City, FL

As of November 30, 2024 the best value apartment in the Panama City area is the $1.27 price per square foot Aria Model at Sunset Village in the starting from $2,080. The second greatest value Panama City apartment is the TOWNHOME 1 Model at Ava Kay Townhomes starting at $1,690 with a $1.31 price per square foot . Here is today’s list of the best values for Panama City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset VillageAria3BR,2BA$1.27
Ava Kay TownhomesTOWNHOME 13BR,2BA$1.31
Stanford Pointe2bd/2ba phase I2BR,2BA$1.49
Club at Panama BeachThe Laguna1BR,1BA$1.32
Waterstone at JenksThe Sapphire1BR,1BA$1.42
The EnclaveWhite Pelican1BR,1BA$1.53
Eagles Landing Luxury Apartment HomesThe Hummingbird1BR,1BA$1.53
Tyndall Pointe Luxury Townhomes1 Bed 1 Bath Unit1BR,1BA$1.49
Aztec Villa ApartmentsOne Bedroom1BR,1BA$1.37
The Arbors @ 15th1 Bed, 1 bath1BR,1BA$0.66

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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

View MapPanama City, FL Apartments MapView MapPanama City, FL Rental Homes Map

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 is possible to get on a bus

Frequently Asked Questions about Cheap Panama City Apartments

How much is rent for a Cheap One Bedroom Panama City Apartment?

The lowest price for a Cheap One Bedroom Panama City Apartment is $499 at The Arbors @ 15th.

What is the lowest price for a Cheap Two Bedroom Panama City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Panama City is starting from $607 at The Arbors @ 15th.

What is the most affordable Panama City Three Bedroom Apartment?

The best deal on a cheap Panama City Three Bedroom Apartment rental is at The Arbors @ 15th and starts from $706.

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.

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