3 Bedroom Apartments for Rent in Panama City, FL (200 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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Sunset Village
Rent Specials
$1,975 - $2,360
Total Monthly Price

Total Monthly Price

Base Rent
$2,080 - $2,928
Total Monthly Price
Varies
3 Bedroom Apartments Available Now

Sunset Village

5284 Emma Grace DrPanama City, FL 32404
Pet Friendly
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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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709 E 10th St, Unit A
$1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850
3 Bedroom Apartment Available Now

709 E 10th St, Unit A

709 E 10th StPanama City, FL 32401
property at 234 Springfield Ave

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

3 Bedroom, 2 Bath Home for Rent

Available Now

234 Springfield Ave

Panama CityFL32401
property at 236 Springfield Ave

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

3 Bedroom, 2 Bath Home for Rent

Available Now

236 Springfield Ave

Panama CityFL32401
property at 4936 S Lakewood Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

3 Bedroom, 2 Bath Home for Rent

Available Now

4936 S Lakewood Dr

Panama CityFL32404
property at 1106 Fairland Ave

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

3 Bedroom, 1 Bath Home for Rent

Available Now

1106 Fairland Ave

Panama CityFL32401

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1345 Capri Dr

$1,925 - $1,950

3 Bedroom Rentals

Available Now

1345 Capri Dr

Panama CityFL32405
property at 300 Mercedes Ave

$3,210

Total Monthly Price

Total Monthly Price

Base Rent
$3,210
Total Monthly Price
$3,210

3 Bedroom, 2 Bath Home for Rent

Available Jul 25

300 Mercedes Ave

Panama CityFL32401
property at 9117 Laird St

$1,800

3 Bedroom Rentals

Available Now

9117 Laird St

Panama CityFL32408

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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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: June 16, 2026

There are currently 31 available 3 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,299 to $3,210. Heres is today's list of the top neighborhoods in Panama City with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
SweetBay20$1,870$1,299
Pretty Bayou8$1,845$1,322
St Andrews2$1,526$1,453
Downtown Panama City1$2,055$1,800

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 $1,779. Sunset Village has the second largest 3 Bedroom, which is sized at 1,641 square feet and currently listed start at $2,080. 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$1,779
Sunset VillageAria1,641 Sq Ft$2,080
The EnclaveBelted Kingfisher1,613 Sq Ft$1,995
Arbor Landing Mill BayouThe Bald Cypress Upper1,610 Sq Ft$1,999
Eagles Landing Luxury Apartment HomesThe Eagles Nest1,538 Sq Ft$1,770
Parkview at Lynn HavenPalm A1,515 Sq Ft$1,900
Emerald ParkB Townhouse1,470 Sq Ft$1,900
Andrews Place Apartments3 Bed 2 Bath1,388 Sq Ft$1,453
MAA Emerald CoastThe Watersound1,364 Sq Ft$1,948
Sovereign at North BayThree Bedrooms1,128 Sq FtCall for Rates

Cheapest Available Panama City 3 Bedroom Apartments

As of June 16, 2026 the lowest priced 3 Bedroom apartment unit in Panama City, FL is the 3 bedrooms Model starting from $1,125 at Cedar Trace Apartments . The second most affordable Panama City 3 Bedroom is the 3x2 Model at Pinnacle at Hammock Place starting at $1,304 in the SweetBay neighborhood. The average price for all 3 Bedroom apartments in Panama City is currently $2,115. Here is today’s list of the cheapest available 3 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Cedar Trace Apartments3 bedrooms$1,125
Pinnacle at Hammock Place3x2$1,304
Andrews Place Apartments3 Bed 2 Bath$1,453
The Arbors @ 15thOakland$1,462
The Place at Grand LagoonC1$1,690
The EnclaveGreat Blue Heron$1,700
Arbor Landing Mill BayouThe Royal Fern$1,729
Arbor Trace Apartment HomesSweet Magnolia$1,759
Eagles Landing Luxury Apartment HomesThe Eagles Nest$1,770

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.

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

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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 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 $2,115.

    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 $1,779 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 1,634 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 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.

    decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

    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.

    decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

    Creative Ways Developers Reimagine Retail Spaces as Residential Units

    Written by: Robin Stewart

    Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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    Neighborhood and Market Insights: How to Choose the Right Area to Rent

    Written by: Robin Stewart

    Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.