Cheap Homes for Rent in Panama City, FL from $800 (64 Rentals)

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property at 201 E 25th St

$950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

201 E 25th St

Lynn HavenFL32444

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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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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2524 Beech St

$1,250

2 Bedroom Rentals

Available Now

2524 Beech St

Panama City BeachFL32408

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 01/03/2026

Current apartment rentals in the Panama City, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Panama City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
St Andrews$1,378$89538
SweetBay$1,799$895171
Pretty Bayou$1,995$950104
Downtown Panama City$2,400$77556

Cheapest Available Panama City Apartments for Rent

 

The cheapest available apartment rental in Panama City, FL is a 1 Bed unit found at Cedar Trace Apartments priced from $900. Cottages by the Bay has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Trace Apartments1 bedroom1BR,1BA$900
Cottages by the BayStudioStudio,1BA$915
Northgate Terrace IThe Kenley IIStudio,1BA$925
Pinnacle at Hammock Place1 Bed, 1 bath1BR,1BA$949
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$983
Bayside VillasThe Coral2BR,1BA$999
Westshore PalmsThe Sapphire1BR,1BA$1,049
Magnolia Cove Apartments and Marina1 Bed1BR,1BA$1,050
Westwood VillageThe Anise1BR,1BA$1,075
10X Panama City BeachA1e1BR,1BA$1,076

Best Value Apartments for Rent in Panama City, FL

As of January 03, 2026 the best value apartment in the Panama City area is the $1.31 price per square foot Palm B Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $1,950. The second greatest value Panama City apartment is the Laurel Oak Model at Arbor Trace Apartment Homes starting at $1,760 with a $1.22 price per square foot in the SweetBay neighborhood. Here is today’s list of the best values for Panama City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkview at Lynn HavenPalm B3BR,2.5BA$1.31
Arbor Trace Apartment HomesLaurel Oak2BR,2BA$1.22
Ava Kay TownhomesTOWNHOME 13BR,2BA$1.31
Palm Court Apartments4x1.54BR,1BA$0.92
The Arbors @ 15thOakland3BR,2BA$1.18
Aztec VillaTwo Bedroom2BR,2BA$1.14
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$1.12
Westshore PalmsThe Sapphire1BR,1BA$1.32
Pinnacle at Hammock Place1 Bed, 1 bath1BR,1BA$1.23
Cedar Trace Apartments1 bedroom1BR,1BA$1.30

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.

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Cash 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.

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Quick Rent Budget Calculator

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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Best Local Schools in
Panama City, FL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Panama City, FL Area Reviews

    Estrella

    February 25, 2025

    Yo quiero tengo interés me decían q es más barato q Miami no creo alguien me puede escribir

    Frequently Asked Questions about Panama City

    What type of rentals are currently available in Panama City?

    There are currently 323 Apartments for Rent in Panama City, FL with pricing that ranges from $775 to $5,643. There are also 306 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $800 to $6,500.

    What is the current price range for Rental Homes in Panama City?

    Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama City ranges from $800 to $6,500 with an average monthly rent of $1,886.

    How much are larger Three and Four Bedroom Rentals in Panama City?

    For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama City range from $1,139 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,095.

    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

    decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

    How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

    Written by: Justin Habersaat

    Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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    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.

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    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.

    decorative image for How to Negotiate Your Apartment Lease and Save Money article

    How to Negotiate Your Apartment Lease and Save Money

    Written by: Christine Leonard, Esq.

    Everything is a negotiation in real estate!