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$775 - $1,139Studio to 3 Bedroom Apartments Contact Us For Availability
Pelican Bay Apartment Homes
924 Florida AvePanama City, FL 32401
Cheap Apartments for Rent in Panama City, FL from $400 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Panama City.
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143 Claire Ave
Panama CityFL32401
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1400 Gulf Ave
Panama CityFL32401
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$900 - $1,5001 to 4 Bedroom Apartments Available Now
Cedar Trace Apartments
3719 E 8th CtPanama City, FL 32401
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$925 - $1,315Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
6413 Winona St
Panama CityFL32404
3702 E 11th St
Panama CityFL32401
3704 E 11th St
Panama CityFL32401
516 Parker St
Panama CityFL32404
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6321 Lenawee St
Panama CityFL32404
6318 Lenawee St
Panama CityFL32404
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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$895 - $1,340Studio to 2 Bedroom Apartments Contact Us For Availability
Lynn Haven Cove Apartments
905 W 26th StLynn Haven, FL 32444
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Rent Specials
$915 - $1,399Studio to 2 Bedroom Apartments Available Now
Cottages by the Bay
6200 Cypress Point DrPanama City Beach, FL 32408
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$947 - $1,3151 to 3 Bedroom Apartments Available Now
Pinnacle at Hammock Square
2206 Hammock Square DrLynn Haven, FL 32444
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
Bunkers Cove by Flickr User: aggie85 is licensed under CC BY 2.0
How much does it cost to rent an apartment in Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Panama City Studio Apartments | $872 | $775 | $925 |
| Cheap Panama City 1 Bedroom Apartments | $1,285 | $799 | $1,790 |
| Cheap Panama City 2 Bedroom Apartments | $1,511 | $875 | $2,376 |
| Cheap Panama City 3 Bedroom Apartments | $1,889 | $1,095 | $2,750 |
| Cheap Panama City 4 Bedroom Apartments | $2,176 | $1,195 | $3,400 |
Browse Top Apartments in Panama City
See all Apartments in Panama CityExplore Panama City
Panama City, FL Local Guide
Written By:
Justin HabersaatEditing Staff
- Panama City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Panama City, FL
Pricing Updated: 11/13/2025Current apartment rentals in the Panama City, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Panama City Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| St Andrews | $1,180 | $895 | 27 |
| Pretty Bayou | $1,655 | $1,075 | 80 |
| SweetBay | $1,750 | $895 | 133 |
| Downtown Panama City | $3,400 | $775 | 39 |
Cheapest Available Panama City Apartments for Rent
The cheapest available apartment rental in Panama City, FL is a 1 Bed unit found at Cedar Trace Apartments priced from $900. Cottages by the Bay has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here is today’s list of the most affordable Panama City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Trace Apartments | 1 bedroom | 1BR,1BA | $900 |
| Cottages by the Bay | Studio | Studio,1BA | $915 |
| Northgate Terrace I | The Kenley II | Studio,1BA | $925 |
| Pinnacle at Hammock Square | 1 Bed, 1 bath | 1BR,1BA | $947 |
| Bayside Villas | The Coral | 2BR,1BA | $999 |
| Westshore Palms | The Sapphire | 1BR,1BA | $1,049 |
| Westwood Village | The Anise | 1BR,1BA | $1,075 |
| The Arbors @ 15th | Magnolia | 2BR,2BA | $1,193 |
| Tyndall Pointe Townhomes | 1 Bed 1 Bath Unit | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Panama City, FL
As of November 13, 2025 the best value apartment in the Panama City area is the $1.28 price per square foot Aria Model at Sunset Village in the starting from $2,100. The second greatest value Panama City apartment is the Laurel Oak Model at Arbor Trace Apartment Homes starting at $1,760 with a $1.22 price per square foot in the SweetBay neighborhood. Here is today’s list of the best values for Panama City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Village | Aria | 3BR,2BA | $1.28 |
| Arbor Trace Apartment Homes | Laurel Oak | 2BR,2BA | $1.22 |
| Aztec Villa | Three Bedroom | 3BR,2BA | $1.09 |
| The Arbors @ 15th | Magnolia | 2BR,2BA | $1.20 |
| Waterstone at Jenks | The Sapphire | 1BR,1BA | $1.32 |
| Bayside Villas | B2 | 2BR,2BA | $1.33 |
| Westshore Palms | The Sapphire | 1BR,1BA | $1.32 |
| Pinnacle at Hammock Square | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
| Cedar Trace Apartments | 1 bedroom | 1BR,1BA | $1.30 |
| 524 Elm Avenue, Unit Apt C | 524 Elm Avenue | 2BR,1BA | $1.30 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Pet Friendly LifestylePanama City, FL
Ranked #145
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
See the most popular apartments and homes in Panama City, FL
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
Do you know the Panama City area?
Let everyone know!
Write a Review
Estrella
February 25, 2025Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir
Frequently Asked Questions about Cheap Panama City Apartments
What is the Cheapest Studio apartment in Panama City?
Currently the most affordable Cheap Studio Apartment in Panama City is at Cottages by the Bay listed at $915.
How much is rent for a Cheap One Bedroom Panama City Apartment?
The lowest price for a Cheap One Bedroom Panama City Apartment is $900 at Cedar Trace Apartments.
What is the lowest price for a Cheap Two Bedroom Panama City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Panama City is starting from $999 at Bayside Villas.
What is the most affordable Panama City Three Bedroom Apartment?
The best deal on a cheap Panama City Three Bedroom Apartment rental is at Cedar Trace Apartments and starts from $1,150.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.