Cheap Apartments for Rent in Bay County, FL from $400 (77 Rentals)

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Search the lowest-cost Apartments available for rent right now in Bay County.

property at 143 Claire Ave

$850

Studio To 1 Bedroom Rentals

Available Now

143 Claire Ave

Panama CityFL32401

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 237 Helen Ave

$975

2 Bedroom Rentals

Available Now

237 Helen Ave

Panama CityFL32401

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 830 West St

$1,095

2 Bedroom Rentals

Available Now

830 West St

Panama CityFL32404

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.

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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.

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Cheapest Available Bay County Apartments for Rent

 

The cheapest available apartment rental in Bay County, FL is a Studio unit found at Cottages by the Bay priced from $899. Cedar Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Bay County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$899
Cedar Trace Apartments1 bedroom1BR,1BA$900
Northgate Terrace IThe Kenley IIStudio,1BA$925
Pinnacle at Hammock Place1 Bed, 1 bath1BR,1BA$949
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$983
Bayside VillasThe Coral2BR,1BA$999
Westshore PalmsThe Sapphire1BR,1BA$1,049
Magnolia Cove Apartments and Marina1 Bed1BR,1BA$1,050
10X Panama City BeachA1e1BR,1BA$1,072

Best Value Apartments for Rent in Bay County, FL

As of January 16, 2026 the best value apartment in the Bay County area is the $1.31 price per square foot Palm B Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $1,950. The second greatest value Bay County apartment is the 3 bedroom Model at Bridge Harbor Townhomes starting at $1,800 with a $1.21 price per square foot . Here is today’s list of the best values for Bay County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkview at Lynn HavenPalm B3BR,2.5BA$1.31
Bridge Harbor Townhomes3 bedroom3BR,2.5BA$1.21
Arbor Trace Apartment HomesLaurel Oak2BR,2BA$1.22
Ava Kay TownhomesTOWNHOME 13BR,2BA$1.31
Palm Court Apartments4x1.54BR,1BA$0.92
Aztec VillaTwo Bedroom2BR,2BA$1.14
The Arbors @ 15thMagnolia2BR,2BA$1.20
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$1.12
Pinnacle at Hammock Place1 Bed, 1 bath1BR,1BA$1.23
Cedar Trace Apartments1 bedroom1BR,1BA$1.30

Frequently Asked Questions about Cheap Bay County Apartments

What is a cheap apartment in Bay County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bay County is under $1,072.

What is the price of a cheap apartment in Bay County?

The cheapest apartment in Bay County is Cedar Trace Apartments which is listed at $900, while the average apartment in Bay County costs $2,823.

What types of apartments are the cheapest in Bay County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Bay County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Bay County?

Cheap apartments in Bay County have an average cost of $158 which is $2,665 cheaper than the average rent for all rentals in Bay County.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!