Cheap Apartments for Rent in Callaway, FL from $400 (63 Rentals)

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

property at 901 Russ Lake Dr

$850

1 Bedroom, 1 Bath Home for Rent

Available Now

901 Russ Lake Dr

Panama CityFL32404
property at 2701 E 8th Ct

$975

2 Bedroom Rentals

Available Now

2701 E 8th Ct

Panama CityFL32401

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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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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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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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

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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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

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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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
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,100
Westshore PalmsThe Sapphire1BR,1BA$1,199
East Bay Flats ApartmentsThe Tyndall1BR,1BA$1,550
Bridge Harbor Townhomes3 bedroom3BR,2BA$1,800

Best Value Apartments for Rent in Callaway, FL

As of April 13, 2026 the best value apartment in the Callaway area is the $1.21 price per square foot 3 bedroom Model at Bridge Harbor Townhomes in the starting from $1,800. 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.
Bridge Harbor Townhomes3 bedroom3BR,2.5BA$1.21
123 Keystone Plz, Unit 123 Keystone Plaza123 Keystone Plz3BR,1BA$1.67
3906 E 11th St, Unit #B3906 E 11th St2BR,1BA$1.52
5820 Hickory St, Unit Apt 25820 Hickory St2BR,1BA$1.31
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1.24
Westshore PalmsThe Sapphire1BR,1BA$1.51
East Bay Flats ApartmentsThe Parker1BR,1BA$2.18
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1.53
Cedar Trace Apartments1 bedroom1BR,1BA$1.30

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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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 $1,000 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 $1,150.

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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.