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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 the Downtown Panama City Neighborhood of Panama City, FL from $500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
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$925 - $1,315Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
422 Magnolia Ave
Panama CityFL32401
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.
319 1/2 E. 11th St
319 E 11th St
Panama CityFL32401
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1 to 3 Bedroom Apartments
The Arbors @ 15th
265 W 15th StPanama City, FL 32401
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1 to 2 Bedroom Apartments
Siena Gardens Apartments
901 W 19th StPanama 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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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 | $850 | $775 | $925 |
| Downtown Panama City 1 Bedroom Apartments | $1,302 | $799 | $1,500 |
| Downtown Panama City 2 Bedroom Apartments | $1,528 | $1,104 | $1,822 |
| Downtown Panama City 3 Bedroom Apartments | $1,769 | $1,139 | $1,921 |
Browse Apartments in this Neighborhood
There are currently 6 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
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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 Studio unit found at Northgate Terrace I priced from $925. Magnolia Cove Apartments and Marina has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. 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 | $925 |
| Magnolia Cove Apartments and Marina | 1 Bed | 1BR,1BA | $1,050 |
| The Lory of Panama City | The Spring | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of January 31, 2026 the best value apartment in the Downtown Panama City area is the $1.64 price per square foot Melrose Model at Foxwood in the in the Downtown Panama City neighborhood starting from $2,049. The second greatest value Downtown Panama City apartment is the 2 Bedroom, 2 Bathroom Model at Pointe Grand Panama City starting at $1,529 with a $1.31 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. |
|---|---|---|---|
| Foxwood | Melrose | 4BR,2BA | $1.64 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.31 |
| The Kelly at 23rd Luxury Apartments | A1 | 1BR,1BA | $1.94 |
| The Lory of Panama City | The Spring | 1BR,1BA | $1.71 |
| Magnolia Cove Apartments and Marina | 1 Bed New | 1BR,1BA | $1.68 |
| Northgate Terrace I | The Kenley II | Studio ,1BA | $3.08 |
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.
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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
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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.
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Pet Friendly LifestyleDowntown Panama City, Panama City, FL
Ranked #2
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,050 at Magnolia Cove Apartments and Marina.
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 $1,325 at Magnolia Cove Apartments and Marina.
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 Foxwood and starts from $1,780.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.