2 Bedroom Apartments for Rent in Panama City, FL (209 Rentals)

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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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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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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 6913 Cherry St

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

6913 Cherry St, Unit N

6913 Cherry St
Panama CityFL32404
property at 5818 Butler Dr

$1,265 - $1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,265 - $1,275
Total Monthly Price
$1,265 - $1,275

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5818 Butler Dr

Panama CityFL32404
property at 6214 E Azalea Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

2 Bedroom, 2 Bath Home for Rent

Available Now

6214 E Azalea Ave

Panama CityFL32408

Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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property at 17545 Front Beach Rd

$6,554

Total Monthly Price

Total Monthly Price

Base Rent
$6,554
Total Monthly Price
$6,554

2 Bedroom, 2 Bath Home for Rent

Available Aug 9

17545 Front Beach Rd

Panama CityFL32413

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.

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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 01, 2026

There are currently 146 available 2 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,125 to $2,355. Heres is today's list of the top neighborhoods in Panama City with the most available 2 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay69$1,579$1,125
Pretty Bayou40$1,599$1,151
Downtown Panama City31$1,579$1,250
St Andrews6$1,400$1,248

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 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 $1,579. 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 Trace Apartment HomesLaurel Oak1,446 Sq Ft$1,579
Covey Homes Grand LagoonCoconut1,419 Sq Ft$1,975
Emerald ParkD Flat1,299 Sq Ft$1,550
Waterstone at JenksThe Emerald1,269 Sq Ft$1,499
Exchange at the Beach2 Bedroom1,255 Sq Ft$1,701
The Kelly at 23rd Luxury ApartmentsB1C1,176 Sq Ft$1,684
Pointe Grand Panama City2 Bedroom, 2 Bathroom1,170 Sq Ft$1,395
Andrews Place Apartments2 Bed 2 Bath1,149 Sq Ft$1,248
Sovereign at North BayTwo bedrooms984 Sq FtCall for Rates

Cheapest Available Panama City 2 Bedroom Apartments

As of July 01, 2026 the lowest priced 2 Bedroom apartment unit in Panama City, FL is the 2 bedroom Model starting from $975 at Cedar Trace Apartments . The second most affordable Panama City 2 Bedroom is the 2 Bed 2.5 Bath Unit Model at Tyndall Pointe Townhomes starting at $1,108 . The average price for all 2 Bedroom apartments in Panama City is currently $1,701. Here is today’s list of the cheapest available 2 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Cedar Trace Apartments2 bedroom$975
Tyndall Pointe Townhomes2 Bed 2.5 Bath Unit$1,108
Pinnacle at Hammock Square2x2$1,125
Pinnacle at Hammock Place2x2$1,130
Andrews Place Apartments2 Bed 2 Bath$1,248
Hughes Townhouse Rentals2 Beds, 1.5 Baths$1,250
Westwood VillageThe Hibiscus$1,280
Northgate Terrace IThe Sterling$1,285
Pointe Grand Panama City2 Bedroom, 2 Bathroom$1,395
Bay Front Apartments2 Bed, 1 Bath (Reno)$1,400

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.

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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!

Explore Panama City, FL Rentals by Map

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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 Cedar Trace Apartments listed at $975.

    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 $1,701.

    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 1,145 sq ft.

    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 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.

    decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

    Apartment Occupancy Rates: Renter Attraction vs Renter Retention

    Written by: Robin Stewart

    There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

    decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

    How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

    Written by: Robin Stewart

    Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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    Pet-Friendly Renting: Everything You Need to Know Before You Move

    Written by: Christine Leonard, Esq.

    For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.