Cheap Homes for Rent in Panama City, FL from $500 (51 Rentals)

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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 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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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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property at 1201 E 2nd Ct

1201 E 2nd Ct

Panama CityFL32401
Showing Results 1-50, Page 1 of 2

Panama City, FL Local Guide

Cheapest Neighborhoods for Apartments in Panama City, FL

Pricing Updated: 07/30/2025

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$1,149$1,0492
SweetBay$1,850$895116
Downtown Panama City$2,054$92530
Pretty Bayou$2,100$1,04955

Cheapest Available Panama City Apartments for Rent

 

The cheapest available apartment rental in Panama City, FL is a 1 Bed unit found at Cottages by the Bay priced from $1,050. Tyndall Pointe Luxury Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here is today’s list of the most affordable Panama City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the Bay1 Bed/1 Bath1BR,1BA$1,050
Tyndall Pointe Luxury Townhomes1 Bed 1 Bath Unit1BR,1BA$1,195
Spyglass Apartments1 bedroom1BR,1BA$1,195
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1,220
The Reserve at Northshore1 Bedroom B1BR,1BA$1,275
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,275
Exchange at North BayA-11BR,1BA$1,275
Emerald ParkType 11BR,1BA$1,300

Best Value Apartments for Rent in Panama City, FL

As of July 31, 2025 the best value apartment in the Panama City area is the $1.19 price per square foot Palm A Model at Parkview at Lynn Haven in the in the SweetBay neighborhood starting from $1,800. The second greatest value Panama City apartment is the Mint Model at Covey Homes Grand Lagoon starting at $1,900 with a $1.34 price per square foot . 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.
Parkview at Lynn HavenPalm A3BR,2.5BA$1.19
Covey Homes Grand LagoonMint3BR,2.5BA$1.34
North Bay LandingsTownhome3BR,2BA$1.31
MAA Emerald CoastThe Windmark3BR,2BA$1.35
Arbor Trace Apartment HomesTupelo1BR,1BA$1.31
Aztec Villa ApartmentsTwo Bedroom2BR,2BA$1.14
2701 beech st #a, Unit b2701 beech st #a2BR,1BA$1.30
Waterstone at JenksThe Sapphire1BR,1BA$1.42
5820 Hickory St, Unit Apt 135820 Hickory St2BR,1BA$1.31
Tyndall Pointe Luxury Townhomes1 Bed 1 Bath Unit1BR,1BA$1.49

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 291 Apartments for Rent in Panama City, FL with pricing that ranges from $895 to $4,658. There are also 241 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 $1,982.

    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 $4,658, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,000 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.

    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.

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    Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

    Written by: Cheryl Bowman

    A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

    decorative image for The Art of the Rental Viewing: What to look for during a property tour article

    The Art of the Rental Viewing: What to look for during a property tour

    Written by: Marie Brown

    You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.