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from $1,3001 to 3 Bedroom Apartments Available Now
The Lory of Panama City
2121 Harrison AvePanama City, FL 32405
Cheap Apartments for Rent in the Downtown Panama City Neighborhood of Panama City, FL from $900 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
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from $1,4251 to 3 Bedroom Apartments Available Now
The Enclave
2950 Harrison AvePanama City, FL 32405
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from $1,3591 to 3 Bedroom Apartments Available Now
Eagles Landing Luxury Apartment Homes
2870 Harrison AvePanama City, FL 32405
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from $1,4621 to 3 Bedroom Apartments Available Now
The Residences At SweetBay
3100 Sweetbay AvePanama City, FL 32405
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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from $1,3861 to 3 Bedroom Apartments Available Now
Stanford Pointe
2401 Stanford RdPanama City, FL 32405
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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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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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Downtown Panama City, 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 Downtown Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Panama City Studio Apartments | $925 | $925 | $925 |
| Downtown Panama City 1 Bedroom Apartments | $1,556 | $1,095 | $1,868 |
| Downtown Panama City 2 Bedroom Apartments | $1,768 | $1,285 | $2,244 |
| Downtown Panama City 3 Bedroom Apartments | $2,048 | $1,706 | $2,759 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Panama City Neighborhood of Panama City, FL.
See all Apartments in Panama CityExplore Panama City
Downtown Panama City, Panama City, FL Local Guide
- Nearby Panama City neighborhoods
- Nearby Cities
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Cheapest Available Downtown Panama City Apartments for Rent
The cheapest available apartment rental in the Downtown Panama City area of Panama City, FL is a 2 Beds unit found at The Lory of Panama City priced from $1,300. Eagles Landing Luxury Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,359. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lory of Panama City | The Valley | 2BR,2BA | $1,300 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1,359 |
| Stanford Pointe | phase I 1bd/1ba | 1BR,1BA | $1,386 |
| The Arbors @ 15th | Oakland | 3BR,2BA | $1,387 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1,409 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of June 11, 2025 the best value apartment in the Downtown Panama City area is the $1.18 price per square foot Oakland Model at The Arbors @ 15th in the in the Downtown Panama City neighborhood starting from $1,387. The second greatest value Downtown Panama City apartment is the Western Sandpiper Model at The Enclave starting at $1,575 with a $1.38 price per square foot in the Downtown Panama City neighborhood. Here is today’s list of the best values for Downtown Panama City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Arbors @ 15th | Oakland | 3BR,2BA | $1.18 |
| The Enclave | Western Sandpiper | 2BR,2BA | $1.38 |
| Foxwood | Carambola | 3BR,1BA | $1.55 |
| Eagles Landing Luxury Apartment Homes | The Hummingbird | 1BR,1BA | $1.47 |
| Stanford Pointe | 1bd/1ba Phase II | 1BR,1BA | $1.66 |
| The Kelly at 23rd Luxury Apartments | A1 | 1BR,1BA | $2.00 |
| The Lory of Panama City | The Spring | 1BR,1BA | $1.86 |
| The Residences At SweetBay | A1- The Bay Breeze | 1BR,1BA | $2.26 |
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Pet Friendly LifestyleDowntown Panama City, Panama City, FL
Ranked #3
Among neighborhoods in Panama City, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Downtown Panama City Neighborhood in Panama City, FL
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
Transit Score®
24 / 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.
Frequently Asked Questions about Cheap Downtown Panama City Apartments
How much is rent for a Cheap One Bedroom Downtown Panama City Apartment?
The lowest price for a Cheap One Bedroom Downtown Panama City Apartment is $1,300 at The Lory of Panama City.
What is the lowest price for a Cheap Two Bedroom Downtown Panama City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Panama City is starting from $1,300 at The Lory of Panama City.
What is the most affordable Downtown Panama City Three Bedroom Apartment?
The best deal on a cheap Downtown Panama City Three Bedroom Apartment rental is at The Arbors @ 15th and starts from $1,387.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.