close
View Me
$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 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Panama City.
143 Claire Ave
Panama CityFL32401
1400 Gulf Ave
Panama CityFL32401
close
View Me
$900 - $1,5001 to 4 Bedroom Apartments Available Now
Cedar Trace Apartments
3719 E 8th CtPanama City, FL 32401
close
View Me
$925 - $1,315Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
close
View Me
$949 - $1,3191 to 3 Bedroom Apartments Available Now
Pinnacle at Hammock Place
2909 Minnesota AvePanama City, FL 32405
2175 Frankford Ave
Panama CityFL32405
close
View Me
$975 - $1,2502 to 4 Bedroom Apartments Available Now
Palm Court Apartments
3519 E 1st CtPanama City, FL 32401
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.
close
View Me
Rent Specials
$983 - $1,3781 to 3 Bedroom Apartments Available Now
Andrews Place Apartments
1914 Frankford AvePanama City, FL 32405
516 Parker St
Panama CityFL32404
3702 E 11th St
Panama CityFL32401
3704 E 11th St
Panama CityFL32401
237 Helen Ave
Panama CityFL32401
close
View Me
4006 E 11th St
Panama CityFL32404
6321 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.
5117 Douglas St
Panama CityFL32404
6318 Lenawee St
Panama CityFL32404
130 Beulah Ave
Panama CityFL32404
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
$895 - $1,340Studio to 2 Bedroom Apartments Contact Us For Availability
Lynn Haven Cove Apartments
905 W 26th StLynn Haven, FL 32444
close
View Me
Rent Specials
$915 - $1,399Studio to 2 Bedroom Apartments Available Now
Cottages by the Bay
6200 Cypress Point DrPanama City Beach, FL 32408
close
View Me
$947 - $1,3151 to 3 Bedroom Apartments Contact Us For Availability
Pinnacle at Hammock Square
2206 Hammock Square DrLynn Haven, FL 32444
close
View Me
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.
Showing Results 1-32, 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 | $947 | $775 | $1,325 |
| Cheap Panama City 1 Bedroom Apartments | $1,296 | $799 | $5,643 |
| Cheap Panama City 2 Bedroom Apartments | $1,490 | $950 | $2,348 |
| Cheap Panama City 3 Bedroom Apartments | $1,807 | $1,139 | $2,500 |
| Cheap Panama City 4 Bedroom Apartments | $1,887 | $1,095 | $2,550 |
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: 01/03/2026Current 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 | $1,378 | $895 | 38 |
| SweetBay | $1,799 | $895 | 171 |
| Pretty Bayou | $1,995 | $950 | 104 |
| Downtown Panama City | $2,400 | $775 | 56 |
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 Place | 1 Bed, 1 bath | 1BR,1BA | $949 |
| Andrews Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $983 |
| Bayside Villas | The Coral | 2BR,1BA | $999 |
| Westshore Palms | The Sapphire | 1BR,1BA | $1,049 |
| Magnolia Cove Apartments and Marina | 1 Bed | 1BR,1BA | $1,050 |
| Westwood Village | The Anise | 1BR,1BA | $1,075 |
| 10X Panama City Beach | A1e | 1BR,1BA | $1,076 |
Best Value Apartments for Rent in Panama City, FL
As of January 03, 2026 the best value apartment in the Panama City area is the $1.31 price per square foot Palm B Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $1,950. 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. |
|---|---|---|---|
| Parkview at Lynn Haven | Palm B | 3BR,2.5BA | $1.31 |
| Arbor Trace Apartment Homes | Laurel Oak | 2BR,2BA | $1.22 |
| Ava Kay Townhomes | TOWNHOME 1 | 3BR,2BA | $1.31 |
| Palm Court Apartments | 4x1.5 | 4BR,1BA | $0.92 |
| The Arbors @ 15th | Oakland | 3BR,2BA | $1.18 |
| Aztec Villa | Two Bedroom | 2BR,2BA | $1.14 |
| Andrews Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.12 |
| Westshore Palms | The Sapphire | 1BR,1BA | $1.32 |
| Pinnacle at Hammock Place | 1 Bed, 1 bath | 1BR,1BA | $1.23 |
| Cedar Trace Apartments | 1 bedroom | 1BR,1BA | $1.30 |
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 Article
The 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 ArticleCash 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.
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.
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 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 a cheap apartment in Panama City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Panama City is under $1,076.
What is the price of a cheap apartment in Panama City?
The cheapest apartment in Panama City is Cedar Trace Apartments which is listed at $900, while the average apartment in Panama City costs $1,893.
What types of apartments are the cheapest in Panama City?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Panama City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Panama City?
Cheap apartments in Panama City have an average cost of $748 which is $1,145 cheaper than the average rent for all rentals in Panama City.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!