close
View Me
from $1,3001 to 3 Bedroom Apartments Available Now
The Lory of Panama City
2121 Harrison AvePanama City, FL 32405
Cheap Apartments for Rent in the Downtown Panama City Neighborhood of Panama City, FL from $900 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
close
View Me
Rent Specials
from $1,3591 to 3 Bedroom Apartments Available Now
Eagles Landing Luxury Apartment Homes
2870 Harrison AvePanama City, FL 32405
close
View Me
Rent Specials
from $1,4251 to 3 Bedroom Apartments Available Now
The Enclave
2950 Harrison AvePanama City, FL 32405
close
View Me
Rent Specials
from $1,5111 to 3 Bedroom Apartments Available Now
The Residences At SweetBay
3100 Sweetbay AvePanama City, FL 32405
close
View Me
Rent Specials
from $1,3861 to 3 Bedroom Apartments Available Now
Stanford Pointe
2401 Stanford RdPanama City, FL 32405
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
from $925Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
close
View Me
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
Showing Results 1-15, Page 1 of 1
Downtown Panama City, 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 Downtown Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Panama City Studio Apartments | $925 | $925 | $925 |
| Downtown Panama City 1 Bedroom Apartments | $1,544 | $1,095 | $1,742 |
| Downtown Panama City 2 Bedroom Apartments | $1,757 | $1,285 | $2,182 |
| Downtown Panama City 3 Bedroom Apartments | $2,067 | $1,706 | $2,769 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Panama City Neighborhood of Panama City, FL.
See all Apartments in Panama CityExplore Panama City
Downtown Panama City, Panama City, FL Local Guide
- Nearby Panama City neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 1 Bed unit found at Northgate Terrace I priced from $1,095. Eagles Landing Luxury Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,359. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northgate Terrace I | The Hampton | 1BR,1BA | $1,095 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1,359 |
| Stanford Pointe | phase I 1bd/1ba | 1BR,1BA | $1,386 |
| The Lory of Panama City | The Valley | 2BR,2BA | $1,400 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1,424 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of May 10, 2025 the best value apartment in the Downtown Panama City area is the $1.67 price per square foot Cinnamon Teal Model at The Enclave in the in the Downtown Panama City neighborhood starting from $1,575. The second greatest value Downtown Panama City apartment is the The Hummingbird Model at Eagles Landing Luxury Apartment Homes starting at $1,359 with a $1.47 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Enclave | Cinnamon Teal | 1BR,1BA | $1.67 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1.47 |
| Stanford Pointe | 1bd/1ba Phase II | 1BR,1BA | $1.66 |
| The Lory of Panama City | The Valley | 2BR,2BA | $1.56 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $2.01 |
| The Residences At SweetBay | A2- The Coastal Retreat | 1BR,1BA | $2.19 |
| Northgate Terrace I | The Hampton | 1BR,1BA | $1.83 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Downtown Panama City area?
If you’re an expert on all things Downtown Panama City, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Panama City, Panama City, FL
Ranked #3
Among neighborhoods in Panama City, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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
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.
Frequently Asked Questions about Cheap Downtown Panama City Apartments
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 $1,095 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 $1,400 at The Lory of Panama City.
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 Eagles Landing Luxury Apartment Homes and starts from $1,770.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
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.