Cheap Apartments for Rent in the Downtown Panama City Neighborhood of Panama City, FL from $400 (15 Rentals)

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

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807 CHERRY St
1 Bedroom Apartments

807 CHERRY St

807 CHERRY StPanama City, FL 32401
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Foxwood
4 Bedroom Apartments

Foxwood

1701 Hamilton AvePanama City, FL 32405
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814 Oak Ave
1 to 3 Bedroom Apartments

814 Oak Ave

814 Oak AvePanama City, FL 32401

Downtown Panama City, Panama City, FL Local Guide

Cheapest Available Downtown Panama City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Panama City area of Panama City, FL is a Studio unit found at Northgate Terrace I priced from $905. The Arbors @ 15th has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,094. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:

Apartment ListingModel NameBed/BathPriced From
Northgate Terrace IThe Kenley IIStudio,1BA$905
The Arbors @ 15thDelwood2BR,2BA$1,094
The Lory of Panama CityThe Valley2BR,2BA$1,300
The Kelly at 23rd Luxury ApartmentsA1S1BR,1BA$1,347
The Residences At SweetBayA2- The Coastal Retreat1BR,1BA$1,379

Best Value Apartments for Rent in Downtown Panama City, FL

As of February 15, 2025 the best value apartment in the Downtown Panama City area is the $1.08 price per square foot Oakland Model at The Arbors @ 15th in the in the Downtown Panama City neighborhood starting from $1,269. The second greatest value Downtown Panama City apartment is the The Song Sparrow-Contemporary Model at Eagles Landing Luxury Apartment Homes starting at $1,565 with a $1.37 price per square foot in the Downtown Panama City neighborhood. Here is today’s list of the best values for Downtown Panama City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Arbors @ 15thOakland3BR,2BA$1.08
Eagles Landing Luxury Apartment HomesThe Song Sparrow-Contemporary2BR,2BA$1.37
The EnclaveBlue Winged Teal1BR,1BA$1.51
Stanford Pointe1bd/1ba Phase II1BR,1BA$1.66
The Kelly at 23rd Luxury ApartmentsA1S1BR,1BA$1.91
The Lory of Panama CityThe Spring1BR,1BA$1.86
The Residences At SweetBayA1- The Bay Breeze1BR,1BA$2.15
Northgate Terrace IThe Kenley IIStudio ,1BA$3.02

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Pet Friendly Lifestyle
Downtown Panama City, Panama City, FL

Ranked #3

Among neighborhoods in Panama City, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown Panama City Neighborhood in Panama City, FL

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Downtown Panama City Apartments

What is the Cheapest Studio apartment in Downtown Panama City?

Currently the most affordable Cheap Studio Apartment in Downtown Panama City is at Northgate Terrace I listed at $905.

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

The lowest price for a Cheap One Bedroom Downtown Panama City Apartment is $1,015 at Northgate Terrace I.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Panama City is starting from $1,094 at The Arbors @ 15th.

What is the most affordable Downtown Panama City Three Bedroom Apartment?

The best deal on a cheap Downtown 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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