Cheap Homes for Rent in Bay County, FL from $500 (71 Rentals)

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

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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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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.

property at 1201 E 2nd Ct

1201 E 2nd Ct

Panama CityFL32401

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 $939. Northgate Terrace I in the Downtown Panama City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,105. Here is today’s list of the most affordable Bay County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$939
Northgate Terrace IThe Hampton1BR,1BA$1,105
10X Retreat at PCBA11BR,1BA$1,128
79 WestThe West1BR,1BA$1,185
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1,220
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1,250
10X Breakfast PointA11BR,1BA$1,274
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,275
The Reserve at Northshore1 Bedroom B1BR,1BA$1,275

Best Value Apartments for Rent in Bay County, FL

As of September 03, 2025 the best value apartment in the Bay County area is the $1.37 price per square foot Aria Model at Sunset Village in the starting from $2,250. The second greatest value Bay County apartment is the Palm A Model at Parkview at Lynn Haven starting at $1,800 with a $1.19 price per square foot in the SweetBay neighborhood. 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.
Sunset VillageAria3BR,2BA$1.37
Parkview at Lynn HavenPalm A3BR,2.5BA$1.19
Bridge Harbor Townhomes3 bedroom3BR,2.5BA$1.21
Stone Harbor ApartmentsFour Bedroom Three Bath4BR,3BA$1.01
Waterstone at JenksThe Onyx3BR,2BA$1.29
Pointe Grand Panama City2 Bedroom, 2 Bathroom2BR,2BA$1.37
Arbor Trace Apartment HomesTupelo1BR,1BA$1.31
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1.14
White SandsThe Cabana1BR,1BA$1.40
5820 Hickory St, Unit Apt 75820 Hickory St1BR,1BA$1.29

Frequently Asked Questions about Bay County

What type of rentals are currently available in Bay County?

There are currently 409 Apartments for Rent in Bay County, FL with pricing that ranges from $775 to $30,000. There are also 447 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bay County ranging from $550 to $13,750.

What is the current price range for Rental Homes in Bay County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Bay County ranges from $550 to $13,750 with an average monthly rent of $2,348.

How much are larger Three and Four Bedroom Rentals in Bay County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Bay County range from $1,077 to $30,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,425.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.