Cheap Homes for Rent in Panama City, FL from $500 (53 Rentals)

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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 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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property at 2524 Beech St

2524 Beech St

Panama City BeachFL32408
property at 1201 E 2nd Ct

1201 E 2nd Ct

Panama CityFL32401
property at 2931 E 14th Ct

2931 E 14th Ct

Panama CityFL32401

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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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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Showing Results 1-50, Page 1 of 2

Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 09/16/2025

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$1,900$8955
SweetBay$1,916$895160
Pretty Bayou$1,959$1,13596
Downtown Panama City$3,400$92577

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 $939. Pinnacle at Hammock Square in the SweetBay neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $947. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$939
Pinnacle at Hammock Square1 Bed, 1 bath1BR,1BA$947
The Arbors @ 15thDelwood2BR,2BA$1,193
Cedar Trace Apartments3 bedrooms3BR,1BA$1,200
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1,220
MAA Emerald CoastThe Crestview1BR,1BA$1,243
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1,250
The Reserve at Northshore1 Bedroom B1BR,1BA$1,275
The Place at Grand LagoonA11BR,1BA$1,275
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,275

Best Value Apartments for Rent in Panama City, FL

As of September 17, 2025 the best value apartment in the Panama City area is the $1.25 price per square foot 1002 W 12th St Model at 1002 W 12th St in the starting from $1,500. The second greatest value Panama City apartment is the 2 Bedroom, 2 Bathroom Model at Pointe Grand Panama City starting at $1,599 with a $1.37 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.
1002 W 12th St1002 W 12th St2BR,2BA$1.25
Pointe Grand Panama City2 Bedroom, 2 Bathroom2BR,2BA$1.37
Stanford PointeTwo Bedroom2BR,2BA$1.39
Arbor Trace Apartment HomesSugar Maple1BR,1BA$1.35
Turtle LakeC13BR,2.5BA$1.46
The Arbors @ 15thDelwood2BR,2BA$1.11
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1.14
Waterstone at JenksThe Sapphire1BR,1BA$1.42
Cedar Trace Apartments3 bedrooms3BR,1BA$1.26
Pinnacle at Hammock Square1 Bed, 1 bath1BR,1BA$1.23

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Best Local Schools in
Panama City, FL

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

Explore Panama City, FL Rentals by Map

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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 297 Apartments for Rent in Panama City, FL with pricing that ranges from $895 to $3,450. There are also 256 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $550 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 $550 to $6,500 with an average monthly rent of $2,035.

    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 $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $1,400.

    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.

    decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

    The Rental Move-In Inspection Checklist: A Guide for Renters

    Written by: Trey Huguley

    The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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    Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

    Written by: Christine Leonard, Esq.

    For many people, obstacles can arise during the rental application process for a variety of issues.

    decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

    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.

    decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

    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.