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$1,300 - $1,8001 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 $700 (10 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
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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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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.
Showing Results 1-10, Page 1 of 1
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 | $1,872 | $1,105 | $2,699 |
| Downtown Panama City 2 Bedroom Apartments | $1,677 | $1,195 | $2,414 |
| Downtown Panama City 3 Bedroom Apartments | $2,280 | $1,800 | $2,761 |
Browse Apartments in this Neighborhood
There are currently 10 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 1 Bed unit found at Northgate Terrace I priced from $1,105. The Arbors @ 15th has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,193. 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 Hampton | 1BR,1BA | $1,105 |
| The Arbors @ 15th | Magnolia | 2BR,2BA | $1,193 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1,454 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of August 17, 2025 the best value apartment in the Downtown Panama City area is the $1.37 price per square foot 2 Bedroom, 2 Bathroom Model at Pointe Grand Panama City in the in the Downtown Panama City neighborhood starting from $1,599. The second greatest value Downtown Panama City apartment is the Magnolia Model at The Arbors @ 15th starting at $1,193 with a $1.20 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 | $1.37 |
| The Arbors @ 15th | Magnolia | 2BR,2BA | $1.20 |
| The Lory of Panama City | The Valley | 2BR,2BA | $1.67 |
| The Kelly at 23rd Luxury Apartments | A1 | 1BR,1BA | $2.06 |
| Northgate Terrace I | The Hampton | 1BR,1BA | $1.84 |
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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
2.5Pet 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 $1,105 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 $1,193 at The Arbors @ 15th.
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 Kelly at 23rd Luxury Apartments and starts from $1,950.
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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.