Cheap Apartments for Rent in Callaway, FL from $400 (55 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 6913 Cherry St

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

6913 Cherry St, Unit N

6913 Cherry St
Panama CityFL32404
property at 5117 E 10th St

$1,200 - $1,250

2 Bedroom Rentals

Available Now

5117 E 10th St

Panama CityFL32404
property at 5818 Butler Dr

$1,265 - $1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,265 - $1,275
Total Monthly Price
$1,265 - $1,275

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5818 Butler Dr

Panama CityFL32404

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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Spring Gate
Studio to 2 Bedroom Apartments

Spring Gate

1500 Springate DrPanama City, FL 32404
  • Utilities Included
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5802 Sr-22
1 Bedroom Apartments

5802 Sr-22

5802 Sr-22Panama City, FL 32404
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Palm Vista
Studio to 3 Bedroom Apartments

Palm Vista

322 Burkett DrPanama City, FL 32404
  • Utilities Included
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Parkway Apartments
1 to 2 Bedroom Apartments

Parkway Apartments

5707 Lake DrPanama City, FL 32404
  • Utilities Included

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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property at 332 N Center Ave

$1,395

2 Bedroom, 1 Bath Townhome for Rent

Available Now

332 N Center Ave

Panama CityFL32401

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Callaway, FL Local Guide

Cheapest Available Callaway Apartments for Rent

 

The cheapest available apartment rental in Callaway, FL is a 1 Bed unit found at Cedar Trace Apartments priced from $900. Tyndall Pointe Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Callaway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Trace Apartments1 bedroom1BR,1BA$900
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$995
Westshore PalmsThe Sapphire1BR,1BA$1,199
Hughes Townhouse Rentals2 Beds, 1.5 Baths2BR,1BA$1,250
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,275
Twin Oaks Apartments1 Bed, 1 bath1BR,1BA$1,400
East Bay Flats ApartmentsThe Tyndall1BR,1BA$1,550

Best Value Apartments for Rent in Callaway, FL

As of June 11, 2026 the best value apartment in the Callaway area is the $1.29 price per square foot 2 Beds, 1.5 Baths Model at Hughes Townhouse Rentals in the starting from $1,250. The second greatest value Callaway apartment is the 123 Keystone Plz Model at 123 Keystone Plz, Unit 123 Keystone Plaza starting at $1,500 with a $1.67 price per square foot . Here is today’s list of the best values for Callaway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hughes Townhouse Rentals2 Beds, 1.5 Baths2BR,1.5BA$1.29
123 Keystone Plz, Unit 123 Keystone Plaza123 Keystone Plz3BR,1BA$1.67
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1.24
Westshore PalmsThe Sapphire1BR,1BA$1.51
East Bay Flats ApartmentsThe Parker1BR,1BA$2.18
5820 Hickory St5820 Hickory St1BR,1BA$1.33
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1.72
Twin Oaks Apartments1 Bed, 1 bath1BR,1BA$2.00
Cedar Trace Apartments1 bedroom1BR,1BA$1.30

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Callaway, FL Rentals by Map

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See the most popular apartments and homes in Callaway, FL

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Frequently Asked Questions about Cheap Callaway Apartments

How much is rent for a Cheap One Bedroom Callaway Apartment?

The lowest price for a Cheap One Bedroom Callaway Apartment is $900 at Cedar Trace Apartments.

What is the lowest price for a Cheap Two Bedroom Callaway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Callaway is starting from $975 at Cedar Trace Apartments.

What is the most affordable Callaway Three Bedroom Apartment?

The best deal on a cheap Callaway Three Bedroom Apartment rental is at Cedar Trace Apartments and starts from $1,125.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.