1400 Gulf Ave
Panama CityFL32401
Cheap Apartments for Rent in Panama City, FL from $500 (32 Rentals)
Cheap Apartments in Panama City.
600 N Bob Little Rd
Panama CityFL32404
5707 Lake Dr
Panama CityFL32404
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from $925Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
6413 Winona St
Panama CityFL32404
3704 E 11th St
Panama CityFL32401
3025 State Ave
Panama CityFL32405
6321 Lenawee St
Panama CityFL32404
1930 W 24th St
Panama CityFL32405
3914 E 11th St
Panama CityFL32404
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.
5138 Lance St
Panama CityFL32404
168 N Comet Ave
Panama CityFL32404
119 College Ave
Panama CityFL32401
1513 Bob Loftin Rd
Panama CityFL32405
351 College Ave
Panama CityFL32401
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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.
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from $929Studio to 2 Bedroom Apartments Available Now
Cottages by the Bay
6200 Cypress Point DrPanama City Beach, FL 32408
6950 US-98
Panama City BeachFL32407
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Showing Results 1-32, Page 1 of 1
Panama City, FL Local Guide
Bunkers Cove by Flickr User: aggie85 is licensed under CC BY 2.0
How much does it cost to rent an apartment in Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Panama City Studio Apartments | $939 | $925 | $979 |
| Cheap Panama City 1 Bedroom Apartments | $1,492 | $825 | $2,986 |
| Cheap Panama City 2 Bedroom Apartments | $1,651 | $950 | $3,949 |
| Cheap Panama City 3 Bedroom Apartments | $2,010 | $1,100 | $6,050 |
| Cheap Panama City 4 Bedroom Apartments | $2,256 | $1,195 | $2,649 |
Browse Top Apartments in Panama City
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Panama City, FL Local Guide
Written By:
Justin HabersaatEditing Staff
- Panama City Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Panama City, FL
Pricing Updated: 05/09/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Pretty Bayou | $1,787 | $1,050 | 104 |
| SweetBay | $1,950 | $1,135 | 93 |
| Downtown Panama City | $1,995 | $925 | 60 |
| St Andrews | $2,100 | $825 | 5 |
Cheapest Available Panama City Apartments for Rent
The cheapest available apartment rental in Panama City, FL is a 1 Bed unit found at Cottages by the Bay priced from $1,050. Northgate Terrace I in the Downtown Panama City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Panama City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottages by the Bay | 1 Bed/1 Bath | 1BR,1BA | $1,050 |
| Northgate Terrace I | The Hampton | 1BR,1BA | $1,095 |
| Bayside Villas | B1 | 2BR,1BA | $1,099 |
| Spyglass Apartments | 1 bedroom | 1BR,1BA | $1,195 |
| Tyndall Pointe Luxury Townhomes | 1 Bed 1 Bath Unit | 1BR,1BA | $1,195 |
| Westshore Palms | A1 | 1BR,1BA | $1,199 |
| The Place at Grand Lagoon | A1 | 1BR,1BA | $1,221 |
| Westwood Village | A1 | 1BR,1BA | $1,230 |
| Aztec Villa Apartments | Two Bedroom | 2BR,2BA | $1,235 |
| The Reserve at Northshore | 1 Bedroom B | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Panama City, FL
As of May 09, 2025 the best value apartment in the Panama City area is the $1.34 price per square foot Palm B Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $2,000. The second greatest value Panama City apartment is the Mint Model at Covey Homes Grand Lagoon starting at $1,999 with a $1.41 price per square foot . Here is today’s list of the best values for Panama City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkview at Lynn Haven | Palm B | 3BR,2.5BA | $1.34 |
| Covey Homes Grand Lagoon | Mint | 3BR,2.5BA | $1.41 |
| North Bay Landings | Two Bedroom | 2BR,2BA | $1.37 |
| Arbor Trace Apartment Homes | Tupelo | 1BR,1BA | $1.31 |
| Aztec Villa Apartments | Two Bedroom | 2BR,2BA | $1.15 |
| Waterstone at Jenks | The Sapphire | 1BR,1BA | $1.32 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1.47 |
| Turtle Lake | B2 | 2BR,1.5BA | $1.44 |
| Tyndall Pointe Luxury Townhomes | 1 Bed 1 Bath Unit | 1BR,1BA | $1.49 |
| Westshore Palms | A1 | 1BR,1BA | $1.51 |
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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.
Best Local Schools in Panama City, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Panama City, FL Rentals by Map
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Panama City, FL Apartments MapPanama City, FL Rental Homes MapGetting 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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Panama City, FL Area Reviews
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Let everyone know!
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Estrella
February 25, 2025Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir
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 $1,050 at Cottages by the Bay.
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 $1,099 at Bayside Villas.
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 Place at Grand Lagoon and starts from $1,506.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
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.
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.
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.