2 Bedroom Apartments for Rent in Panama City, FL (145 Rentals)

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property at 5154 Marla Dr

5154 Marla Dr

Panama CityFL32404
property at 5126 Lance St

5126 Lance St

Panama CityFL32404
property at 504 E 4th St

504 E 4th St

Panama CityFL32401
property at 102 Sims Ave

102 Sims Ave

Panama CityFL32404
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Parkway Apartments
2 Bedroom Apartments

Parkway Apartments

5707 Lake DrPanama City, FL 32404
  • Utilities Included
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Panama Commons
2 Bedroom Apartments

Panama Commons

1001 Sherman AvePanama City, FL 32401
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The Arbors @ 15th
2 Bedroom Apartments

The Arbors @ 15th

265 W 15th StPanama City, FL 32401
  • Utilities Included
Showing Results 1-50, Page 1 of 3

Panama City, FL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Panama City 2 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: August 04, 2025

There are currently 75 available 2 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,049 to $2,440. Heres is today's list of the top neighborhoods in Panama City with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay38$1,619$1,220
Pretty Bayou25$1,609$1,049
Downtown Panama City10$1,649$1,285
St Andrews2$1,149$1,049

Largest Available Panama City 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Panama City, FL is found at Arbor Landing Mill Bayou and is 1,560 square feet priced from $1,935. Arbor Crossing at Mill Bayou has the second largest 2 Bedroom, which is sized at 1,560 square feet and currently listed start at $1,909. Here is today’s list of the largest available 2 Bedroom units in Panama City:

Apartment ListingModel NameSquare FootagePriced From
Arbor Landing Mill BayouThe Twinflower Upper1,560 Sq Ft$1,935
Arbor Crossing at Mill BayouThe Cardinal Flower Upper1,560 Sq Ft$1,909
Arbor Trace Apartment HomesLaurel Oak1,446 Sq Ft$1,575
Covey Homes Grand LagoonCoconut1,419 Sq Ft$1,825
The Reserve at Northshore2 Bedroom B-11,294 Sq Ft$1,460
Exchange at the Beach2 Bedroom1,177 Sq Ft$1,674
The Kelly at 23rd Luxury ApartmentsB1C1,176 Sq Ft$1,683
Sovereign at North BayTwo bedrooms984 Sq FtCall for Rates

Cheapest Available Panama City 2 Bedroom Apartments

As of August 04, 2025 the lowest priced 2 Bedroom apartment unit in Panama City, FL is the Delwood Model starting from $1,193 at The Arbors @ 15th in the Downtown Panama City neighborhood. The second most affordable Panama City 2 Bedroom is the Two Bedroom Model at Aztec Villa Apartments starting at $1,220 in the SweetBay neighborhood. The average price for all 2 Bedroom apartments in Panama City is currently $1,645. Here is today’s list of the cheapest available 2 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
The Arbors @ 15thDelwood$1,193
Aztec Villa ApartmentsTwo Bedroom$1,220
Tyndall Pointe Luxury Townhomes2 Bed 2.5 Bath Unit$1,295
The Reserve at Northshore2 Bedroom B$1,420
10X Panama City BeachB2e$1,435
Bay Front Apartments2 Bed, 1 Bath (Reno)$1,450
North Bay LandingsTwo Bedroom$1,503
Arbor Trace Apartment HomesSilver Bell$1,510
Exchange at North BayB-1$1,539

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Panama City Overview

Located snugly between the hubs of Tallahassee and Pensacola, apartments in Panama City are a great way to get to know Florida. Originally going by the clunky name Floriopolis, Panama City has since blossomed into a world-class destination worthy of its new moniker.

Why live in Panama City, FL?

From the gorgeous beaches to the exciting nightlife, Panama City is an idyllic slice of the Sunshine State. With a reasonable cost of living and an on-the-move economic growth rate, this Florida hot spot has been increasing in popularity in recent years with good measure. With a large number of industries including ship building and military calling the area home, Panama City apartments make an easy commute for those in the market for a new career and budding families.

Best Local Schools in
Panama City, FL

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

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Getting Around Panama City, FL

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

12 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Panama City, FL Area Reviews

    Estrella

    February 25, 2025

    Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir

    Frequently Asked Questions about 2 Bedroom Panama City Apartments

    How much is the average rent for a 2 Bedroom Panama City Apartment?

    The average rent for a 2 Bedroom Apartment in Panama City is $1,645.

    What is the largest available 2 Bedroom Panama City Apartment for rent?

    Today's apartment with the most square footage in Panama City is a 1,560 square feet unit starting from $1,935 at Arbor Landing Mill Bayou.

    What is the average size for Panama City 2 Bedroom Apartments for rent?

    The average size for a 2 Bedroom rental in Panama City is currently 1,047 sq ft.

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

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    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.

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    The Art of the Rental Viewing: What to look for during a property tour

    Written by: Marie Brown

    You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.