Cheap Homes for Rent in Panama City, FL from $800 (43 Rentals)

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

property at 179 Reagan Rd

179 Reagan Rd

Panama CityFL32404
property at 5138 Lance St

5138 Lance St

Panama CityFL32404
property at 102 Sims Ave

102 Sims Ave

Panama CityFL32404
property at 4512 Carla Ln

4512 Carla Ln

Panama CityFL32405
property at 149 N Hwy 22 A

149 N Hwy 22 A

Panama CityFL32404
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Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 04/12/2025

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$1,600$8254
Pretty Bayou$1,799$80098
SweetBay$1,950$800101
Downtown Panama City$2,015$90564

Cheapest Available Panama City Apartments for Rent

 

The cheapest available apartment rental in Panama City, FL is a 3 Beds unit found at The Arbors @ 15th in the Downtown Panama City neighborhood priced from $706. Northgate Terrace I in the Downtown Panama City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,015. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arbors @ 15thOakland3BR,2BA$706
Northgate Terrace IThe Hampton1BR,1BA$1,015
Aztec Villa ApartmentsOne Bedroom1BR,1BA$1,085
Westshore PalmsA11BR,1BA$1,099
Bayside VillasB12BR,1BA$1,099
10X Panama City BeachA11BR,1BA$1,175
Spyglass Apartments1 bedroom1BR,1BA$1,195
Tyndall Pointe Luxury Townhomes1 Bed 1 Bath Unit1BR,1BA$1,195
North Bay LandingsOne Bedroom1BR,1BA$1,202
Turtle LakeA11BR,1BA$1,216

Best Value Apartments for Rent in Panama City, FL

As of April 13, 2025 the best value apartment in the Panama City area is the $1.25 price per square foot 6414 Stoney Point Rd Model at 6414 Stoney Point Rd, Unit A in the starting from $1,875. The second greatest value Panama City apartment is the Palm B Model at Parkview at Lynn Haven starting at $2,000 with a $1.34 price per square foot in the SweetBay neighborhood. 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.
6414 Stoney Point Rd, Unit A6414 Stoney Point Rd2BR,2BA$1.25
Parkview at Lynn HavenPalm B3BR,2.5BA$1.34
Covey Homes Grand LagoonMint3BR,2.5BA$1.41
Waterstone at JenksThe Onyx3BR,2BA$1.32
Ava Kay TownhomesTOWNHOME 13BR,2BA$1.31
The EnclaveHerring Gull2BR,2BA$1.34
The Arbors @ 15thOakland3BR,2BA$0.60
Westshore PalmsC13BR,2BA$1.39
Arbor Trace Apartment HomesTupelo1BR,1BA$1.31
Aztec Villa ApartmentsOne Bedroom1BR,1BA$1.37

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Panama City, FL Area Reviews

    Estrella

    February 25, 2025

    Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir

    Frequently Asked Questions about Panama City

    What type of rentals are currently available in Panama City?

    There are currently 300 Apartments for Rent in Panama City, FL with pricing that ranges from $800 to $3,320. There are also 209 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $815 to $4,200.

    What is the current price range for Rental Homes in Panama City?

    Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama City ranges from $815 to $4,200 with an average monthly rent of $1,983.

    How much are larger Three and Four Bedroom Rentals in Panama City?

    For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama City range from $1,100 to $2,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,735.

    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.

    decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

    Understanding Amenity Fees: Know Where You Might Be Able to Save Money

    Written by: Amber Kanuckel

    With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

    decorative image for Renting Smart: Lease Basics Every Renter Needs article

    Renting Smart: Lease Basics Every Renter Needs

    Written by: Christine Leonard, Esq.

    Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

    decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

    Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

    Written by: Andrea Lee Negroni, JD

    While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

    decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

    How Your Move-In Inspection Can Protect Your Security Deposit

    Written by: Christine Leonard, Esq.

    If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.