Cheap Apartments for Rent in Panama City, FL from $400 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in Panama City.

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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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5802 Sr-22
1 Bedroom Apartments

5802 Sr-22

5802 Sr-22Panama City, FL 32404
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Panama Commons
2 Bedroom Apartments

Panama Commons

1001 Sherman AvePanama City, FL 32401
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3519 E 1st Ct
1 to 4 Bedroom Apartments

3519 E 1st Ct

3519 E 1st CtPanama City, FL 32401

Panama City, FL Local Guide

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

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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

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 $1,015 at Northgate Terrace I.

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 $1,094 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 $1,269.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.