2 Bedroom Apartments for Rent in Panama City, FL (164 Rentals)

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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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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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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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property at 1021 11th Ct

1021 11th Ct

Panama CityFL32401

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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property at 506 N 11th St

506 N 11th St

Panama CityFL32404
property at 12322 Caruso Dr

12322 Caruso Dr

Panama CityFL32404

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: November 18, 2025

There are currently 103 available 2 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,067 to $2,376. Heres is today's list of the top neighborhoods in Panama City with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay49$1,565$1,067
Pretty Bayou34$1,516$1,067
Downtown Panama City15$1,600$1,104
St Andrews5$1,180$1,067

Largest Available Panama City 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Panama City, FL is found at Arbor Crossing at Mill Bayou and is 1,560 square feet priced from $1,909. Arbor Trace Apartment Homes in the SweetBay neighborhood has the second largest 2 Bedroom, which is sized at 1,446 square feet and currently listed start at $1,760. Here is today’s list of the largest available 2 Bedroom units in Panama City:

Apartment ListingModel NameSquare FootagePriced From
Arbor Crossing at Mill BayouThe Cardinal Flower Upper1,560 Sq Ft$1,909
Arbor Trace Apartment HomesLaurel Oak1,446 Sq Ft$1,760
The Reserve at Northshore2 Bedroom B-11,294 Sq Ft$1,460
The EnclaveBlue Heron1,219 Sq Ft$1,575
Exchange at North BayB-51,208 Sq Ft$1,881
Exchange at the Beach2 Bedroom1,177 Sq Ft$1,684
The Kelly at 23rd Luxury ApartmentsB1C1,176 Sq Ft$1,697
Pointe Grand Panama City2 Bedroom, 2 Bathroom1,170 Sq Ft$1,600
Sovereign at North BayTwo bedrooms984 Sq FtCall for Rates

Cheapest Available Panama City 2 Bedroom Apartments

As of November 18, 2025 the lowest priced 2 Bedroom apartment unit in Panama City, FL is the The Coral Model starting from $999 at Bayside Villas . The second most affordable Panama City 2 Bedroom is the 2 bedroom Model at Cedar Trace Apartments starting at $1,025 . The average price for all 2 Bedroom apartments in Panama City is currently $1,499. Here is today’s list of the cheapest available 2 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Bayside VillasThe Coral$999
Cedar Trace Apartments2 bedroom$1,025
Pinnacle at Hammock Square2 Beds, 2 baths$1,137
The Arbors @ 15thMagnolia$1,193
Westshore PalmsThe Emerald$1,195
Turtle LakeThe Sunset$1,305
Tyndall Pointe Townhomes2 Bed 2.5 Bath Unit$1,330
The Place at Grand LagoonB1$1,372

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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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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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.

Pet Friendly Lifestyle
Panama City, FL

Ranked #145

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Panama City, FL

School data provided by Great Schools

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

Explore Panama City, FL Rentals by Map

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

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Panama City, FL Rental Homes Map

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

    What is the Cheapest apartment in Panama City with 2 Bedroom?

    Currently the most affordable 2 Bedroom in Panama City is at Bayside Villas listed at $999.

    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 $1,499.

    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 $1,909 at Arbor Crossing at 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 1,083 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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    Apartment Common Area Rules: What Renters Need to Know

    Written by: Christine Leonard, Esq.

    Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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    How to Negotiate Your Apartment Lease and Save Money

    Written by: Christine Leonard, Esq.

    Everything is a negotiation in real estate! 

    decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

    The Rental Move-In Inspection Checklist: A Guide for Renters

    Written by: Trey Huguley

    The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

    decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

    Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

    Written by: Christine Leonard, Esq.

    For many people, obstacles can arise during the rental application process for a variety of issues.