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$1,300 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
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 $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
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$935 - $1,315Studio to 2 Bedroom Apartments Available Now
Northgate Terrace I
425 E 19th StPanama City, FL 32405
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1 Bedroom Apartments
807 CHERRY St
807 CHERRY StPanama City, FL 32401
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1 to 3 Bedroom Apartments
814 Oak Ave
814 Oak AvePanama City, FL 32401
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Studio Apartments
521 E BEACH Dr
521 E BEACH DrPanama City, FL 32401
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Studio Apartments
225 CHERRY St
225 CHERRY StPanama City, FL 32401
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Studio Apartments
The Cove
100 Cherry StPanama City, FL 32401
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Studio Apartments
205 E 2nd Ct
205 E 2nd CtPanama City, FL 32401
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Studio to 3 Bedroom Apartments
Pelican Bay Apartment Homes
924 Florida AvePanama City, FL 32401
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2 to 4 Bedroom Apartments
Foxwood
1701 Hamilton AvePanama City, FL 32405
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 3 Bedroom Apartments
Royal Arms Garden Apartments
1420 Balboa AvePanama City, FL 32401
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1 to 2 Bedroom Apartments
My Place Apartments
801 W 13th StPanama City, FL 32401
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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
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Studio Apartments
Fletcher Black Memorial Homes
11 Bob Sikes DrPanama City, FL 32401
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-15, 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 | $1,453 | $1,105 | $1,553 |
| Downtown Panama City 2 Bedroom Apartments | $1,618 | $1,285 | $1,831 |
| Downtown Panama City 3 Bedroom Apartments | $2,402 | $1,800 | $3,210 |
Browse Apartments in this Neighborhood
There are currently 15 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 $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 | A2 | 1BR,1BA | $1,513 |
| Foxwood | Tamarind | 2BR,1BA | $1,542 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of August 17, 2026 the best value apartment in the Downtown Panama City area is the $1.19 price per square foot 2 Bedroom, 2 Bathroom Model at Pointe Grand Panama City in the in the Downtown Panama City neighborhood starting from $1,395. The second greatest value Downtown Panama City apartment is the Tamarind Model at Foxwood starting at $1,542 with a $1.80 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. |
|---|---|---|---|
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.19 |
| Foxwood | Tamarind | 2BR,1BA | $1.80 |
| The Kelly at 23rd Luxury Apartments | A1 | 1BR,1BA | $2.02 |
| 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.
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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.
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Quick 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 #3
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 $1,105 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.