1527 Grace Ave
Panama CityFL32405
Cheap Homes for Rent in Downtown Panama City Neighborhood of Panama City, FL from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Panama City area of Panama City.
422 Magnolia Ave
Panama CityFL32401
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$1,0951 Bedroom Apartments Available Now
240 Harmon Ave, Unit 110
240 Harmon AvePanama City, FL 32401
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.
705 Satsuma Ave
Panama CityFL32401
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$1,2952 Bedroom Apartments Available Now
240 Harmon Ave, Unit 213
240 Harmon AvePanama City, FL 32401
2224 Edgewood Dr
Panama CityFL32405
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.
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Downtown Panama City, Panama City, FL Local Guide
How much does it cost to rent a home in Downtown Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Panama City 2 Bedroom Homes for Rent | $1,599 | $850 | $1,995 |
| Downtown Panama City 3 Bedroom Homes for Rent | $1,860 | $1,450 | $2,300 |
| Downtown Panama City 4 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
| Downtown Panama City 5 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Homes for Rent 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.
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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 2 Beds unit found at Pointe Grand Panama City priced from $1,440. The Kelly at 23rd Luxury Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,449. Here are the most affordable Downtown Panama City apartments for rent in Panama City, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,440 |
| The Kelly at 23rd Luxury Apartments | A1S | 1BR,1BA | $1,449 |
| The Arbors @ 15th | Oakland | 3BR,2BA | $1,462 |
Best Value Apartments for Rent in Downtown Panama City, FL
As of June 21, 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 Oakland Model at The Arbors @ 15th starting at $1,462 with a $1.24 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 |
| The Arbors @ 15th | Oakland | 3BR,2BA | $1.24 |
| Pointe Grand Panama City | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.23 |
| 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 |
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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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.
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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 Downtown Panama City
What type of rentals are currently available in Downtown Panama City?
There are currently 43 Apartments for Rent in Downtown Panama City, FL with pricing that ranges from $935 to $3,210. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Panama City ranging from $850 to $2,495.
What is the current price range for Rental Homes in Downtown Panama City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Panama City ranges from $850 to $2,495 with an average monthly rent of $2,026.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.