2 Bedroom Apartments for Rent in Panama City, FL (146 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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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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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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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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property at 102 Sims Ave

102 Sims Ave

Panama CityFL32404
property at 237 Helen Ave

237 Helen Ave

Panama CityFL32401
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Parkway Apartments
2 Bedroom Apartments

Parkway Apartments

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

Panama Commons

1001 Sherman AvePanama City, FL 32401
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Panama City, FL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Panama City 2 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: July 10, 2025

There are currently 95 available 2 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,049 to $2,235. Heres is today's list of the top neighborhoods in Panama City with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay51$1,623$1,220
Pretty Bayou27$1,619$1,049
Downtown Panama City14$1,619$1,285
St Andrews3$1,400$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
Emerald ParkD Flat1,299 Sq Ft$1,650
The Reserve at Northshore2 Bedroom B-11,294 Sq Ft$1,460
Waterstone at JenksThe Emerald1,269 Sq Ft$1,625
The EnclaveHerring Gull1,196 Sq Ft$1,600
Exchange at the Beach2 Bedroom 120%1,177 Sq Ft$1,644

Cheapest Available Panama City 2 Bedroom Apartments

As of July 10, 2025 the lowest priced 2 Bedroom apartment unit in Panama City, FL is the Two Bedroom Model starting from $1,220 at Aztec Villa Apartments in the SweetBay neighborhood. The second most affordable Panama City 2 Bedroom is the B1 Model at The Place at Grand Lagoon starting at $1,266 . The average price for all 2 Bedroom apartments in Panama City is currently $1,649. Here is today’s list of the cheapest available 2 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Aztec Villa ApartmentsTwo Bedroom$1,220
The Place at Grand LagoonB1$1,266
Tyndall Pointe Luxury Townhomes2 Bed 2.5 Bath Unit$1,295
The Lory of Panama CityThe Valley$1,300
Turtle LakeB2$1,313
The Reserve at Northshore2 Bedroom B$1,420
Bay Front Apartments2 Bed, 1 Bath (Reno)$1,450
Arbor Trace Apartment HomesSilver Bell$1,510

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.

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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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 $1,649.

    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 1,030 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.

    decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

    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.

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

    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.

    decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

    Know Your Budget: Calculating What You Can Realistically Afford When Renting

    Written by: Lauren Harrington

    Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

    decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

    The Freedom of Short-Term Leases: Exploring the Advantages for Renters

    Written by: Bobbi Jackson

    If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.