1400 Gulf Ave
Panama CityFL32401
Cheap Apartments for Rent in Panama City, FL from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Panama City.
600 N Bob Little Rd
Panama CityFL32404
5707 Lake Dr
Panama CityFL32404
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from $925Studio to 2 Bedroom Apartments Available Jul 15
Northgate Terrace I
425 E 19th StPanama City, FL 32405
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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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237 Helen Ave
Panama CityFL32401
6321 Lenawee St
Panama CityFL32404
119 College Ave
Panama CityFL32401
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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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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from $895Studio 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
from $939Studio to 2 Bedroom Apartments Available Now
Cottages by the Bay
6200 Cypress Point DrPanama City Beach, FL 32408
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.
5019 Hagin Dr
CallawayFL32404
6950 US-98
Panama City BeachFL32407
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Showing Results 1-27, Page 1 of 1
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 | $919 | $895 | $939 |
| Cheap Panama City 1 Bedroom Apartments | $1,479 | $825 | $2,770 |
| Cheap Panama City 2 Bedroom Apartments | $1,669 | $975 | $3,522 |
| Cheap Panama City 3 Bedroom Apartments | $1,972 | $1,100 | $4,683 |
| Cheap Panama City 4 Bedroom Apartments | $2,281 | $1,195 | $2,999 |
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: 06/13/2025Current 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 |
|---|---|---|---|
| Pretty Bayou | $1,799 | $1,135 | 125 |
| SweetBay | $1,800 | $1,135 | 126 |
| Downtown Panama City | $1,970 | $925 | 63 |
| St Andrews | $2,200 | $825 | 5 |
Cheapest Available Panama City Apartments for Rent
The cheapest available apartment rental in Panama City, FL is a Studio unit found at Cottages by the Bay priced from $939. Bayside Villas has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. Here is today’s list of the most affordable Panama City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottages by the Bay | Studio | Studio,1BA | $939 |
| Bayside Villas | B1 | 2BR,1BA | $949 |
| Spyglass Apartments | 1 bedroom | 1BR,1BA | $1,195 |
| Tyndall Pointe Luxury Townhomes | 1 Bed 1 Bath Unit | 1BR,1BA | $1,195 |
| Westwood Village | A1 | 1BR,1BA | $1,230 |
| Aztec Villa Apartments | Two Bedroom | 2BR,2BA | $1,235 |
| 10X Panama City Beach | A1 | 1BR,1BA | $1,240 |
| Turtle Lake | B3 | 2BR,2BA | $1,253 |
Best Value Apartments for Rent in Panama City, FL
As of June 14, 2025 the best value apartment in the Panama City area is the $1.24 price per square foot Palm B Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $1,850. The second greatest value Panama City apartment is the Mint Model at Covey Homes Grand Lagoon starting at $1,900 with a $1.34 price per square foot . 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. |
|---|---|---|---|
| Parkview at Lynn Haven | Palm B | 3BR,2.5BA | $1.24 |
| Covey Homes Grand Lagoon | Mint | 3BR,2.5BA | $1.34 |
| The Place at Grand Lagoon | C1 | 3BR,2BA | $1.12 |
| The Enclave | Western Sandpiper | 2BR,2BA | $1.38 |
| Arbor Trace Apartment Homes | Tupelo | 1BR,1BA | $1.31 |
| Aztec Villa Apartments | Two Bedroom | 2BR,2BA | $1.15 |
| Waterstone at Jenks | The Sapphire | 1BR,1BA | $1.32 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1.47 |
| Turtle Lake | B2 | 2BR,1.5BA | $1.43 |
| Bayside Villas | B1 | 2BR,1BA | $1.27 |
Quick 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.
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
Panama City, FL Apartments MapPanama City, FL Rental Homes MapGetting 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
How much is rent for a Cheap One Bedroom Panama City Apartment?
The lowest price for a Cheap One Bedroom Panama City Apartment is $1,050 at Cottages by the Bay.
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 $949 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 The Place at Grand Lagoon and starts from $1,536.
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.
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.
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.
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.
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.