close
View Me
$935 - $1,315Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
Cheap Apartments for Rent in the Downtown Panama City Neighborhood of Panama City, FL from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
422 Magnolia Ave
Panama CityFL32401
1525 Oak Ave
Panama CityFL32405
606 E 13th St
Panama CityFL32401
close
View Me
$1,2952 Bedroom Apartments Available Now
240 Harmon Ave, Unit 213
240 Harmon AvePanama City, FL 32401
close
View Me
Rent Specials
$1,300 - $1,8001 to 3 Bedroom Apartments Available Now
The Lory of Panama City
2121 Harrison AvePanama City, FL 32405
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
307 Wilson Ave
Panama CityFL32401
close
View Me
$1,395 - $1,8112 Bedroom Apartments Available Now
Pointe Grand Panama City
723 W 19th StPanama City, FL 32405
close
View Me
Rent Specials
$1,449 - $4,4791 to 3 Bedroom Apartments Available Now
The Kelly at 23rd Luxury Apartments
2002 Wilson AvePanama City, FL 32405
302 Penny Ct
Panama CityFL32401
close
View Me
1 to 3 Bedroom Apartments
The Arbors @ 15th
265 W 15th StPanama City, FL 32401
close
View Me
Studio to 3 Bedroom Apartments
Pelican Bay Apartment Homes
924 Florida AvePanama 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
1 to 2 Bedroom Apartments
Siena Gardens Apartments
901 W 19th StPanama City, FL 32405
705 Satsuma Ave
Panama CityFL32401
close
View Me
1 to 2 Bedroom Apartments
The Arbours
727 W 11th StPanama City, FL 32401
close
View Me
1 Bedroom Apartments
St Andrews Towers Apartment
24 Harrison AvePanama City, FL 32401
2224 Edgewood Dr
Panama CityFL32405
close
View Me
2 to 4 Bedroom Apartments
Foxwood
1701 Hamilton AvePanama City, FL 32405
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.
Showing Results 1-18, Page 1 of 1
Downtown Panama City, Panama City, FL Local Guide
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 | $935 | $935 | $935 |
| Downtown Panama City 1 Bedroom Apartments | $1,415 | $975 | $1,544 |
| Downtown Panama City 2 Bedroom Apartments | $1,613 | $1,250 | $1,811 |
| Downtown Panama City 3 Bedroom Apartments | $2,264 | $1,800 | $3,210 |
Browse Apartments in this Neighborhood
There are currently 18 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
- ZIP codes
- Local Counties
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 Studio unit found at Northgate Terrace I priced from $935. Pointe Grand Panama City has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,395. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northgate Terrace I | The Kenley II | Studio,1BA | $935 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,395 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1,449 |
| The Lory of Panama City | The Valley | 2BR,2BA | $1,500 |
| Foxwood | Tamarind | 2BR,1BA | $1,542 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of July 03, 2026 the best value apartment in the Downtown Panama City area is the $1.54 price per square foot 709 E 10th St Model at 709 E 10th St, Unit A in the in the Downtown Panama City neighborhood starting from $1,850. The second greatest value Downtown Panama City apartment is the 2 Bedroom, 2 Bathroom Model at Pointe Grand Panama City starting at $1,395 with a $1.19 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. |
|---|---|---|---|
| 709 E 10th St, Unit A | 709 E 10th St | 3BR,2BA | $1.54 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.19 |
| The Lory of Panama City | The Valley | 2BR,2BA | $1.67 |
| Foxwood | Tamarind | 2BR,1BA | $1.80 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $2.05 |
| Northgate Terrace I | The Kenley II | Studio ,1BA | $3.12 |
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
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.
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.
Let everyone know!
Do you know the Downtown Panama City area?
If you’re an expert on all things Downtown Panama City, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Panama City, Panama City, FL
Ranked #3
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,105 at Northgate Terrace I.
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 $1,285 at Northgate Terrace I.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.