2 Bedroom Apartments for Rent in Panama City, FL (150 Rentals)

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property at 832 West St

832 West St

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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The Arbors @ 15th
2 Bedroom Apartments

The Arbors @ 15th

265 W 15th StPanama 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: September 20, 2025

There are currently 159 available 2 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,104 to $2,324. Heres is today's list of the top neighborhoods in Panama City with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay75$1,599$1,137
Pretty Bayou49$1,599$1,220
Downtown Panama City32$1,599$1,104
St Andrews3$1,395$1,125

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$1,755
The Reserve at Northshore2 Bedroom B-11,294 Sq Ft$1,460
Waterstone at JenksThe Emerald1,269 Sq Ft$1,575
Emerald ParkA Townhouse Renovated1,253 Sq Ft$2,000
The EnclaveBlue Heron1,219 Sq Ft$1,575

Cheapest Available Panama City 2 Bedroom Apartments

As of September 20, 2025 the lowest priced 2 Bedroom apartment unit in Panama City, FL is the 2 Beds, 2 baths Model starting from $1,137 at Pinnacle at Hammock Square in the SweetBay neighborhood. The second most affordable Panama City 2 Bedroom is the Magnolia Model at The Arbors @ 15th starting at $1,193 in the Downtown Panama City neighborhood. The average price for all 2 Bedroom apartments in Panama City is currently $1,567. Here is today’s list of the cheapest available 2 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Pinnacle at Hammock Square2 Beds, 2 baths$1,137
The Arbors @ 15thMagnolia$1,193
Aztec Villa ApartmentsTwo Bedroom$1,220
Turtle LakeB3$1,318
Tyndall Pointe Townhomes2 Bed 2.5 Bath Unit$1,355
Bay Front Apartments2 Bed, 1 Bath (Reno)$1,375
The Reserve at Northshore2 Bedroom B$1,420

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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.

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Panama City, FL

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

Explore Panama City, FL Rentals by Map

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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 $1,567.

    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 1,084 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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    How to Negotiate Your Apartment Lease and Save Money

    Written by: Christine Leonard, Esq.

    Everything is a negotiation in real estate! 

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    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.

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    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.

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    The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

    Written by: Christine Leonard, Esq.

    Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.