3 Bedroom Apartments for Rent in Panama City, FL (74 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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property at 513 Palermo Rd

513 Palermo Rd

Panama CityFL32405
property at 208 N Hwy 22 A

208 N Hwy 22 A

Panama CityFL32404

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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Panama Commons
3 Bedroom Apartments

Panama Commons

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

The Arbors @ 15th

265 W 15th StPanama City, FL 32401
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Tyndall AFB Homes
3 Bedroom Apartments

Tyndall AFB Homes

4700 Sentry LnPanama City, FL 32403
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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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Sand Dunes Apartments
3 Bedroom Apartments

Sand Dunes Apartments

8011 Front Beach RdPanama City, FL 32407
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Edgewood Apartments
3 Bedroom Apartments

Edgewood Apartments

3325 W 23rd StPanama City, FL 32405
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260 Ryder Ln
3 Bedroom Apartments

260 Ryder Ln

260 Ryder LnPanama City, FL 32404
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1006 McKenzie Ave
3 Bedroom Apartments

1006 McKenzie Ave

1006 McKenzie AvePanama City, FL 32401
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Fletcher Black
3 Bedroom Apartments

Fletcher Black

875 W 11th StPanama City, FL 32401
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Hilltop Pointe
3 Bedroom Apartments

Hilltop Pointe

4514 Hilltop LnPanama City, FL 32405
Showing Results 1-50, Page 1 of 2

Panama City, FL Local Guide

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

Panama City 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: July 09, 2025

There are currently 50 available 3 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,505 to $2,622. Heres is today's list of the top neighborhoods in Panama City with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay34$1,800$1,505
Pretty Bayou10$1,835$1,505
Downtown Panama City6$2,044$1,750

Largest Available Panama City 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Panama City, FL is found at Arbor Trace Apartment Homes in the SweetBay neighborhood and is 1,671 square feet priced from $1,775. Sunset Village has the second largest 3 Bedroom, which is sized at 1,641 square feet and currently listed start at $2,200. Here is today’s list of the largest available 3 Bedroom units in Panama City:

Apartment ListingModel NameSquare FootagePriced From
Arbor Trace Apartment HomesRiver Birch1,671 Sq Ft$1,775
Sunset VillageAria1,641 Sq Ft$2,200
Arbor Landing Mill BayouThe Bald Cypress Upper1,610 Sq Ft$2,070
Arbor Crossing at Mill BayouThe Pond Cypress Upper1,610 Sq Ft$2,110
The EnclaveSanderling1,538 Sq Ft$1,775
Parkview at Lynn HavenPalm A1,515 Sq Ft$1,800
Sovereign at North BayThree Bedrooms1,128 Sq FtCall for Rates

Cheapest Available Panama City 3 Bedroom Apartments

As of July 09, 2025 the lowest priced 3 Bedroom apartment unit in Panama City, FL is the Oakland Model starting from $1,387 at The Arbors @ 15th in the Downtown Panama City neighborhood. The second most affordable Panama City 3 Bedroom is the C1 Model at Turtle Lake starting at $1,580 in the SweetBay neighborhood. The average price for all 3 Bedroom apartments in Panama City is currently $1,958. Here is today’s list of the cheapest available 3 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
The Arbors @ 15thOakland$1,387
Turtle LakeC1$1,580
Arbor Trace Apartment HomesSweet Magnolia$1,710
The EnclaveGreat Blue Heron$1,725
Arbor Landing Mill BayouThe Royal Fern$1,775
Parkview at Lynn HavenPalm A$1,800
MAA Emerald CoastThe Windmark$1,813
Arbor Crossing at Mill BayouThe Cinnamon Fern$1,889
Covey Homes Grand LagoonMint$1,900
North Bay LandingsTownhome$1,926

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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 3 Bedroom Panama City Apartments

    How much is the average rent for a 3 Bedroom Panama City Apartment?

    The average rent for a 3 Bedroom Apartment in Panama City is $1,958.

    What is the largest available 3 Bedroom Panama City Apartment for rent?

    Today's apartment with the most square footage in Panama City is a 1,671 square feet unit starting from $1,775 at Arbor Trace Apartment Homes.

    What is the average size for Panama City 3 Bedroom Apartments for rent?

    The average size for a 3 Bedroom rental in Panama City is currently 1,420 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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    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.

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    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.

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    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.