3 Bedroom Apartments for Rent in Panama City, FL (222 Rentals)

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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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Sunset Village
Rent Specials
$2,198 - $2,255

Total Monthly Price

Base Rent$2,154 - $2,780
Total Monthly PriceVaries
3 Bedroom Apartments Available Oct 2

Sunset Village

5284 Emma Grace DrPanama City, FL 32404
Pet Friendly
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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property at 714 West 19th Street
$1,900

Total Monthly Price

Base Rent$1,900
Total Monthly Price$1,900
3 Bedroom, 2 Bath Home for Rent
Available Now

714 West 19th Street

Panama CityFL32405
property at 1012 Kurze Ave
$1,450

Total Monthly Price

Base Rent$1,450
Total Monthly Price$1,450
3 Bedroom, 2 Bath Townhome for Rent
Available Now
Affordability

1012 Kurze Ave

Panama CityFL32401
  • Smoke Free
property at 1014 Kurze Ave
$1,550

Total Monthly Price

Base Rent$1,550
Total Monthly Price$1,550
3 Bedroom, 2 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1014 Kurze Ave

Panama CityFL32401
  • Smoke Free
property at 2826 E 13th St
$1,900

Total Monthly Price

Base Rent$1,900
Total Monthly Price$1,900
3 Bedroom, 1 Bath Home for Rent
Available Now

2826 E 13th St

Panama CityFL32401
property at 2613 Altha Ave
$2,500

Total Monthly Price

Base Rent$2,500
Total Monthly Price$2,500
3 Bedroom, 2 Bath Home for Rent
Available Now
Furnished

2613 Altha Ave

Panama CityFL32405

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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property at 5411 Gulf Dr
$4,500

Total Monthly Price

Base Rent$4,500
Total Monthly Price$4,500
3 Bedroom, 2 Bath Townhome for Rent
Available Now
Furnished

5411 Gulf Dr

Panama CityFL32408

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 9117 Laird St
$1,550
3 Bedroom Rentals
Available Now
Affordability

9117 Laird St

Panama CityFL32408
property at 215 S Kimbrel Ave
$1,800
3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

215 S Kimbrel Ave

Panama CityFL32404

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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Panama City, FL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Panama City 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: September 15, 2026

There are currently 48 available 3 Bedroom apartment units in Panama City, FL neighborhoods that range in price from $1,322 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
SweetBay29$1,853$1,322
Pretty Bayou14$1,615$1,322
St Andrews3$1,700$1,453
Downtown Panama City2$2,132$1,853

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. Arbor Landing Mill Bayou has the second largest 3 Bedroom, which is sized at 1,610 square feet and currently listed start at $1,999. 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
Arbor Landing Mill BayouThe Bald Cypress Upper1,610 Sq Ft$1,999
The EnclaveSanderling1,538 Sq Ft$1,770
Parkview at Lynn HavenPalm A1,515 Sq Ft$1,900
Tranquility at Saint AndrewsC31,421 Sq Ft$1,322
North Bay LandingsTownhome1,406 Sq Ft$1,966
Andrews Place Apartments3 Bed 2 Bath1,388 Sq Ft$1,453
MAA Emerald CoastThe Watersound1,364 Sq Ft$2,053
Waterstone at JenksThe Onyx1,361 Sq Ft$1,749
Emerald ParkType 3A1,331 Sq Ft$2,450

Cheapest Available Panama City 3 Bedroom Apartments

As of September 15, 2026 the lowest priced 3 Bedroom apartment unit in Panama City, FL is the 3 Bed 1 Bath Model starting from $1,095 at Palm Court Apartments . The second most affordable Panama City 3 Bedroom is the 3 bedrooms Model at Cedar Trace Apartments starting at $1,150 . The average price for all 3 Bedroom apartments in Panama City is currently $2,022. Here is today’s list of the cheapest available 3 Bedroom options in Panama City:

Apartment ListingModel NamePriced From
Palm Court Apartments3 Bed 1 Bath$1,095
Cedar Trace Apartments3 bedrooms$1,150
Tranquility at Saint AndrewsC4$1,322
Pinnacle at Hammock Place3x2$1,364
Andrews Place Apartments3 Bed 2 Bath$1,453
Tranquilty at Bay Point3 BR$1,600
Ava Kay TownhomesTOWNHOME 1$1,690
The EnclaveGreat Blue Heron$1,700
Arbor Landing Mill BayouThe Royal Fern$1,729

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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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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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

    What is the Cheapest apartment in Panama City with 3 Bedroom?

    Currently the most affordable 3 Bedroom in Panama City is at Palm Court Apartments listed at $1,095.

    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 $2,022.

    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 1,531 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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

    Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

    Written by: Robin Stewart

    Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

    decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

    Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

    Written by: Robin Stewart

    Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

    decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

    First Apartment Regrets: Real Renters Share What They'd Do Differently

    Written by: Robin Stewart

    Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

    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.