Cheap Homes for Rent in Panama City, FL from $800 (63 Rentals)

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Search the lowest-cost Homes available for rent right now in Panama City.

property at 1406 E 6th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1406 E 6th St, Unit A

1406 E 6th St
Panama CityFL32401
property at 201 E 25th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

201 E 25th St

Lynn HavenFL32444
property at 2175 Frankford Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Now

2175 Frankford Ave, Unit C101

2175 Frankford Ave
Panama CityFL32405

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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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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property at 2503 W 10th St

$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2503 W 10th St

Panama CityFL32401
property at 6913 Cherry St

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

6913 Cherry St, Unit N

6913 Cherry St
Panama CityFL32404

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.

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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.

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property at 2521 Michigan Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

2 Bedroom, 2 Bath Home for Rent

Available Now

2521 Michigan Ave

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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Showing Results 1-50, Page 1 of 2

Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 07/26/2026

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
Downtown Panama City$2,475$85016
St Andrews$2,800$95017
Pretty Bayou$3,350$95021
SweetBay$3,350$1,89511

Cheapest Available Panama City Apartments for Rent

 

The cheapest available apartment rental in Panama City, FL is a Studio unit found at Cottages by the Bay priced from $899. Cedar Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$899
Cedar Trace Apartments1 bedroom1BR,1BA$900
Northgate Terrace IThe Kenley IIStudio,1BA$935
Palm Court Apartments2 Bed 1 Bath2BR,1BA$995
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$1,037
Pinnacle at Hammock Square2x22BR,2BA$1,125
Tranquility at Saint AndrewsB32BR,2BA$1,151
Pinnacle at Hammock Place2x22BR,2BA$1,180
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1,195
Exchange at North BayA-11BR,1BA$1,215

Best Value Apartments for Rent in Panama City, FL

As of July 26, 2026 the best value apartment in the Panama City area is the $1.15 price per square foot Great Blue Heron Model at The Enclave in the in the SweetBay neighborhood starting from $1,700. The second greatest value Panama City apartment is the Silver Bell Model at Arbor Trace Apartment Homes starting at $1,559 with a $1.14 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.
The EnclaveGreat Blue Heron3BR,2BA$1.15
Arbor Trace Apartment HomesSilver Bell2BR,2BA$1.14
Tranquility at Saint AndrewsB12BR,2BA$0.98
Pointe Grand Panama City2 Bedroom, 2 Bathroom2BR,2BA$1.19
Pinnacle at Hammock Square2x22BR,2BA$1.07
Pinnacle at Hammock Place2x22BR,2BA$1.13
Hughes Townhouse Rentals2 Beds, 1.5 Baths2BR,1.5BA$1.29
Andrews Place Apartments1 Bed 1 Bath1BR,1BA$1.19
Palm Court Apartments2 Bed 1 Bath2BR,1BA$1.21
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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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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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 293 Apartments for Rent in Panama City, FL with pricing that ranges from $895 to $14,772. There are also 278 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $800 to $4,400.

    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 $4,400 with an average monthly rent of $1,979.

    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 $1,095 to $6,259, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $4,400. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,295.

    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 Rent According to Income: A Look at Income-Restricted Rentals article

    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.

    decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

    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.

    decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

    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.

    decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

    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.