Cheap Homes for Rent in Panama City Beach, FL from $900 (37 Rentals)

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

property at 6568 Harbour Blvd

$1,400 - $1,450

1 Bedroom Rentals

Available Now

6568 Harbour Blvd

Panama City BeachFL32407
property at 17462 Front Beach Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Townhome for Rent

Available Now

17462 Front Beach Rd

Panama City BeachFL32413

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 2519 beech st

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

2519 beech st

Panama City BeachFL32408

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 8003 Beach Dr

$1,650

2 Bedroom Rentals

Available Now

8003 Beach Dr

Panama City BeachFL32408

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 7125 N Lagoon Dr

$1,800 - $2,000

2 Bedroom Rentals

Available Now

7125 N Lagoon Dr

Panama City BeachFL32408
Showing Results 1-37, Page 1 of 1

Panama City Beach, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City Beach, FL

Pricing Updated: 05/24/2026

Current apartment rentals in the Panama City Beach, 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 Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Palmetto Trace$22,977$1,28738

Cheapest Available Panama City Beach Apartments for Rent

 

The cheapest available apartment rental in Panama City Beach, FL is a Studio unit found at Cottages by the Bay priced from $899. Stone Harbor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $923. Here is today’s list of the most affordable Panama City Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$899
Stone HarborOne Bedroom One Bath1BR,1BA$923
Caladium ApartmentsStudioStudio,1BA$925
10X Breakfast PointA11BR,1BA$1,248
Exchange at the Beach1 Bedroom 120%1BR,1BA$1,253
The Place at Grand LagoonA11BR,1BA$1,255
10X Panama City BeachA11BR,1BA$1,273
Pier Park CrossingsCozy & Classic1BR,1BA$1,336
Watermark at Urban BluSundial1BR,1BA$1,349

Best Value Apartments for Rent in Panama City Beach, FL

As of May 24, 2026 the best value apartment in the Panama City Beach area is the $1.43 price per square foot Mint Model at Covey Homes Grand Lagoon in the starting from $2,025. The second greatest value Panama City Beach apartment is the C1 Patio Model at Parkside at the Beach starting at $2,095 with a $1.54 price per square foot in the Palmetto Trace neighborhood. Here is today’s list of the best values for Panama City Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Covey Homes Grand LagoonMint3BR,2.5BA$1.43
Parkside at the BeachC1 Patio3BR,2BA$1.54
MAA Emerald CoastThe Santa Rosa2BR,2BA$1.43
White SandsThe Cabana1BR,1BA$1.41
Sea SoundSunset 21BR,1BA$1.59
10X Retreat at PCBA21BR,1BA$1.72
10X Breakfast PointA11BR,1BA$1.53
5409 Hilltop Ave, Unit B5409 Hilltop Ave2BR,1BA$1.63
The Place at Grand LagoonA11BR,1BA$1.61
Stone HarborOne Bedroom One Bath1BR,1BA$1.31

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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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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Best Local Schools in
Panama City Beach, FL

School data provided by Great Schools

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

Explore Panama City Beach, FL Rentals by Map

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See the most popular apartments and homes in Panama City Beach, FL

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Frequently Asked Questions about Panama City Beach

What type of rentals are currently available in Panama City Beach?

There are currently 159 Apartments for Rent in Panama City Beach, FL with pricing that ranges from $899 to $41,149. There are also 201 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City Beach ranging from $950 to $4,950.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama City Beach ranges from $950 to $4,950 with an average monthly rent of $2,655.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama City Beach range from $1,650 to $9,570, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,752 and Four Bedroom Apartments start at $2,700.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.