Cheap Homes for Rent in Panama City, FL from $800 (97 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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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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property at 2524 Beech St

2524 Beech St

Panama City BeachFL32408

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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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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Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 11/17/2025

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$1,180$89529
Pretty Bayou$1,655$1,07578
SweetBay$1,750$895128
Downtown Panama City$3,400$77535

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 Square1 Bed, 1 bath1BR,1BA$947
Bayside VillasThe Coral2BR,1BA$999
Westshore PalmsThe Sapphire1BR,1BA$1,049
Westwood VillageThe Anise1BR,1BA$1,075
10X Panama City BeachA11BR,1BA$1,193
The Arbors @ 15thMagnolia2BR,2BA$1,193

Best Value Apartments for Rent in Panama City, FL

As of November 17, 2025 the best value apartment in the Panama City area is the $1.28 price per square foot Aria Model at Sunset Village in the starting from $2,100. The second greatest value Panama City apartment is the Palm B Model at Parkview at Lynn Haven starting at $1,950 with a $1.31 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.
Sunset VillageAria3BR,2BA$1.28
Parkview at Lynn HavenPalm B3BR,2.5BA$1.31
Arbor Trace Apartment HomesLaurel Oak2BR,2BA$1.22
Aztec VillaThree Bedroom3BR,2BA$1.09
The Arbors @ 15thMagnolia2BR,2BA$1.20
Waterstone at JenksThe Sapphire1BR,1BA$1.32
Westshore PalmsThe Sapphire1BR,1BA$1.32
Pinnacle at Hammock Square1 Bed, 1 bath1BR,1BA$1.23
Cedar Trace Apartments1 bedroom1BR,1BA$1.30
524 Elm Avenue, Unit Apt C524 Elm Avenue2BR,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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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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Pet Friendly Lifestyle
Panama City, FL

Ranked #145

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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!

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 308 Apartments for Rent in Panama City, FL with pricing that ranges from $775 to $3,400. There are also 334 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 $1,850.

    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 $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,195.

    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.

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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.

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    How to Negotiate Your Apartment Lease and Save Money

    Written by: Christine Leonard, Esq.

    Everything is a negotiation in real estate! 

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    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.

    decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

    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.