5544 Mars Hl Ln
Panama CityFL32404
Cheap Homes for Rent in Panama City, FL from $850 (54 Rentals)
Search the lowest-cost Homes available for rent right now in Panama City.
1711 Kentucky Ave
Lynn HavenFL32444
1209 Capri Dr
Panama CityFL32405
6707 E Highway 22
Panama CityFL32404
201 E 25th St
Lynn HavenFL32444
2175 Frankford Ave, Unit C101
2175 Frankford Ave
Panama CityFL32405
6321 Lenawee St
Panama CityFL32404
237 Helen Ave
Panama CityFL32401
4512 Carla Ln
Panama CityFL32405
5217 Melissa Dr
Panama CityFL32404
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.
4004 E 11th St
Panama CityFL32404
149 N Hwy 22 A
Panama CityFL32404
1222 Stephen Dr
Panama CityFL32405
1329 Transmitter Rd
Panama CityFL32401
705 Satsuma Ave
Panama CityFL32401
240 Kraft Ave
Panama CityFL32401
1538 Mulberry Ave
Panama CityFL32405
close
View Me
$1,1251 Bedroom Apartments Available Sep 15
240 Harmon Ave, Unit 214
240 Harmon AvePanama City, FL 32401
852 West St
Panama CityFL32404
close
View Me
$1,1952 Bedroom Apartments Available Now
240 Harmon Ave, Unit 212
240 Harmon AvePanama City, FL 32401
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.
3019 Douglas Rd
Panama CityFL32405
2708 E 17th St
Panama CityFL32405
4905 Alameda St
Panama CityFL32404
3908 E 11th St
Panama CityFL32404
179 Reagan Rd
Panama CityFL32404
5230 Beach Dr, Unit D
5230 Beach Dr
Panama CityFL32408
1220 Stephen Dr
Panama CityFL32405
1042 Brannon Pl
Panama CityFL32404
2933 Ormond Ave
Panama CityFL32405
3119 Debra Blvd
Panama CityFL32405
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.
287 Sukoshi Dr
Panama CityFL32404
817 Premier Dr
Panama CityFL32401
1708 Louise Ave
Panama CityFL32401
754 Sherman Ave
Panama CityFL32401
1418 New York Ave
Lynn HavenFL32444
709 S Hwy 22 A
Panama CityFL32404
close
View Me
$1,3002 Bedroom Apartments Available Now
2922 Ormond Ave, Unit 2922
2922 Ormond AvePanama City, FL 32405
5921 Nadine Rd
Panama CityFL32404
3835 Avon Rd
Panama CityFL32404
126 Kristine Blvd
Panama CityFL32404
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.
2422 Johnson Dr
Lynn HavenFL32444
1510 Arthur Ave
Panama CityFL32405
4334 Brannon Rd
Panama CityFL32404
3910 W 25th St
Panama CityFL32405
2718 Largo Ave
Panama CityFL32404
2742 Largo Ave
Panama CityFL32404
6217 Pinetree Ave
Panama CityFL32408
289 Sukoshi Dr
Panama CityFL32404
7308 Sunset Ave
Panama CityFL32408
735 Sheffield Ave
Panama CityFL32401
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.
Showing Results 1-50, Page 1 of 2
Panama City, FL Local Guide
How much does it cost to rent a home in Panama City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panama City 2 Bedroom Homes for Rent | $1,447 | $950 | $2,800 |
| Panama City 3 Bedroom Homes for Rent | $2,196 | $1,100 | $10,000+ |
| Panama City 4 Bedroom Homes for Rent | $2,543 | $1,800 | $8,000 |
| Panama City 5 Bedroom Homes for Rent | $2,798 | $2,250 | $3,550 |
| Panama City 6 Bedroom Homes for Rent | $9,500 | $9,500 | $9,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Panama City
Explore Panama City
Panama City, FL Local Guide
- Panama City Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Panama City, FL
Pricing Updated: 09/09/2026Current apartment rentals in the Panama City, FL area range in price from $895 to $2,642 with an overall median price of $1,503. Here is today’s list neighborhoods with the lowest median pricing for Panama City Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| St Andrews | $1,361 | $950 | 14 |
| Pretty Bayou | $1,504 | $950 | 78 |
| SweetBay | $1,509 | $895 | 116 |
| Downtown Panama City | $1,537 | $935 | 36 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottages by the Bay | Studio | Studio,1BA | $899 |
| Cedar Trace Apartments | 1 bedroom | 1BR,1BA | $900 |
| Northgate Terrace I | The Kenley II | Studio,1BA | $935 |
| 6707 E Hwy 22 | 2BR/1.0BA | 2BR,1BA | $950 |
| Andrews Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,037 |
| Palm Court Apartments | 3 Bed 1 Bath | 3BR,1BA | $1,095 |
| 10X Panama City Beach | A1e | 1BR,1BA | $1,125 |
| Tranquility at Saint Andrews | B3 | 2BR,2BA | $1,151 |
| Pinnacle at Hammock Place | 2x2 | 2BR,2BA | $1,180 |
Best Value Apartments for Rent in Panama City, FL
As of September 09, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Enclave | Great Blue Heron | 3BR,2BA | $1.15 |
| Arbor Trace Apartment Homes | Silver Bell | 2BR,2BA | $1.14 |
| Waterstone at Jenks | The Onyx | 3BR,2BA | $1.29 |
| Tranquility at Saint Andrews | B1 | 2BR,2BA | $0.98 |
| Aztec Villa Apartments | Two Bedroom with Washer & Dryer | 2BR,2BA | $1.14 |
| 125 N Lakewood Dr, Unit Apt A | 125 N Lakewood Dr | 2BR,1BA | $1.19 |
| Pinnacle at Hammock Place | 2x2 | 2BR,2BA | $1.13 |
| The Arbors @ 15th | Magnolia | 2BR,2BA | $1.26 |
| Palm Court Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.17 |
| Andrews Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.19 |
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.
Read Article
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.
Read ArticleReal 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.
Read Article
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.
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
See the most popular apartments and homes in Panama City, FL
Panama City, FL Area Reviews
Do you know the Panama City area?
Let everyone know!
Write a Review
Estrella
February 25, 2025Yo 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 314 Apartments for Rent in Panama City, FL with pricing that ranges from $895 to $11,937. There are also 274 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama City ranging from $850 to $18,525.
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 $850 to $18,525 with an average monthly rent of $2,076.
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 $1,000 to $8,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $18,525. Four Bedroom Single-Family rentals are also available starting from $1,800 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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.