Cheap Homes for Rent in Panama City Beach, FL from $1,125 (71 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 8730 Thomas Dr

$916 - $1,500

1 Bedroom Rentals

Available Now

8730 Thomas Dr

Panama City BeachFL32408

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.

Read Article
property at 7813 N Lagoon Dr

$1,650 - $1,850

1 To 2 Bedroom Rentals

Available Now

7813 N Lagoon Dr

Panama City BeachFL32408
property at 6300 Pinetree Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

6300 Pinetree Ave

Panama City BeachFL32408

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 2

Panama City Beach, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City Beach, FL

Pricing Updated: 08/23/2026

Current apartment rentals in the Panama City Beach, FL area range in price from $1,232 to $35,400 with an overall median price of $1,779. Here is today’s list neighborhoods with the lowest median pricing for Panama City Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Palmetto Trace$1,779$1,23228

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. 10X Panama City Beach has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,169. 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
10X Panama City BeachA1e1BR,1BA$1,169
10X Retreat at PCBA11BR,1BA$1,170
10X Breakfast PointA11BR,1BA$1,173
79 WestThe West1BR,1BA$1,278
Emerald ParkType 11BR,1BA$1,300
The Tyde ApartmentsStudioStudio,1BA$1,324
Panama FlatsE1Studio,1BA$1,370
Exchange at the Beach1 Bedroom 120%1BR,1BA$1,384

Best Value Apartments for Rent in Panama City Beach, FL

As of August 23, 2026 the best value apartment in the Panama City Beach area is the $1.39 price per square foot Coconut Model at Covey Homes Grand Lagoon in the starting from $1,975. The second greatest value Panama City Beach apartment is the The Rosewood Model at White Sands starting at $1,769 with a $1.26 price per square foot . 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 LagoonCoconut2BR,2.5BA$1.39
White SandsThe Rosewood3BR,2BA$1.26
MAA Emerald CoastThe Windmark3BR,2BA$1.62
10X Breakfast PointC13BR,2BA$1.49
The Place at Grand LagoonB12BR,2BA$1.42
Edgewater CrossingsCONGRESSIONAL1BR,1BA$1.54
Legends at ClaraThe Seacrest1BR,1BA$1.56
5409 Hilltop Ave, Unit B5409 Hilltop Ave2BR,1BA$1.63
10X Retreat at PCBA11BR,1BA$1.50
79 WestThe West1BR,1BA$1.76

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

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

View Map
Panama City Beach, FL Apartments Map
View Map
Panama City Beach, FL Rental Homes Map

Frequently Asked Questions about Panama City Beach

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

There are currently 174 Apartments for Rent in Panama City Beach, FL with pricing that ranges from $899 to $35,400. There are also 239 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City Beach ranging from $1,195 to $8,000.

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 $1,195 to $8,000 with an average monthly rent of $2,629.

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 $1,322 to $17,179, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,745 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,806.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.