Cheap Homes for Rent in Panama City, FL from $800 (71 Rentals)

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

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

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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property at 3614 Tiki Dr

$1,100

1 Bedroom Rentals

Available Now

3614 Tiki Dr

Panama CityFL32408
property at 248 Springfield Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

248 Springfield Ave

Panama CityFL32401

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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property at 5818 Butler Dr

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275
Total Monthly Price
$1,275

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5818 Butler Dr

Panama CityFL32404

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 6913 Cherry St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

6913 Cherry St, Unit N

6913 Cherry St
Panama CityFL32404
property at 1930 W 24th St

$1,300 - $1,350

2 Bedroom Rentals

Available Now

1930 W 24th St

Panama CityFL32405

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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property at 332 N Center Ave

$1,395

2 Bedroom, 1 Bath Townhome for Rent

Available Now

332 N Center Ave

Panama CityFL32401
property at 1600 Florida Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1600 Florida Ave

Lynn HavenFL32444

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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Showing Results 1-50, Page 1 of 2

Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 03/12/2026

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$2,300$85017
SweetBay$2,500$1,0506
Pretty Bayou$3,150$95015
St Andrews$3,500$95016

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$925
Pinnacle at Hammock Place1x11BR,1BA$946
Palm Court Apartments2x12BR,1BA$975
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$995
Bayside VillasThe Coral2BR,1BA$999
Stanford PointeOne Bedroom1BR,1BA$1,046
Westwood VillageThe Anise1BR,1BA$1,075

Best Value Apartments for Rent in Panama City, FL

As of March 13, 2026 the best value apartment in the Panama City area is the $0.92 price per square foot 4x1.5 Model at Palm Court Apartments in the starting from $1,095. The second greatest value 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 Panama City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Palm Court Apartments4x1.54BR,1BA$0.92
The Arbors @ 15thOakland3BR,2BA$0.66
Arbor Trace Apartment HomesTupelo1BR,1BA$1.26
Pinnacle at Hammock Square2x22BR,2BA$1.07
MAA Emerald CoastThe Laguna1BR,1BA$1.26
Magnolia Cove Apartments and Marina2 Bed2BR,1.5BA$1.26
Stanford PointeOne Bedroom1BR,1BA$1.15
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1.24
Pinnacle at Hammock Place1x11BR,1BA$1.29
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.

Read Article
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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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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 302 Apartments for Rent in Panama City, FL with pricing that ranges from $775 to $16,657. There are also 253 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $800 to $5,500.

    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 $5,500 with an average monthly rent of $1,988.

    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 $8,535, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,500.

    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 Maximizing Your Refund: Essential Tax Tips for Renters article

    Maximizing Your Refund: Essential Tax Tips for Renters

    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.

    decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

    18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

    Written by: Lauren Harrington

    Renting your next home can feel thrilling and overwhelming at the same time.

    decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

    A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

    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.

    decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

    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.