Search the lowest-cost Apartments available for rent right now in the Downtown Panama City area of Panama City.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Panama City Studio Apartments | $850 | $775 | $925 |
| Downtown Panama City 1 Bedroom Apartments | $1,343 | $799 | $1,475 |
| Downtown Panama City 2 Bedroom Apartments | $1,644 | $850 | $1,938 |
| Downtown Panama City 3 Bedroom Apartments | $1,762 | $1,139 | $1,921 |
There are currently 16 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 CityThe cheapest available apartment rental in the Downtown Panama City area of Panama City, FL is a 3 Beds unit found at The Arbors @ 15th priced from $775. Northgate Terrace I has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Arbors @ 15th | Oakland | 3BR,2BA | $775 |
| Northgate Terrace I | The Kenley II | Studio,1BA | $925 |
| The Lory of Panama City | The Spring | 1BR,1BA | $1,300 |
| The Kelly at 23rd Luxury Apartments | A1 | 1BR,1BA | $1,399 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,529 |
As of March 22, 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 Oakland Model at The Arbors @ 15th starting at $775 with a $0.66 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 |
| The Arbors @ 15th | Oakland | 3BR,2BA | $0.66 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.31 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1.99 |
| The Lory of Panama City | The Spring | 1BR,1BA | $1.86 |
| Northgate Terrace I | The Kenley II | Studio ,1BA | $3.08 |
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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 ReviewAmong cities in Florida for Apartment listings with Pet Friendly Amenities.
The lowest price for a Cheap One Bedroom Downtown Panama City Apartment is $1,105 at Northgate Terrace I.
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Panama City is starting from $1,500 at The Lory of Panama City.
The best deal on a cheap Downtown Panama City Three Bedroom Apartment rental is at The Arbors @ 15th and starts from $775.
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.
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.
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.
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