Cheap Apartments for Rent near Sumatra, FL from $895 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Sumatra.

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.

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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.

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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.

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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.

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The Arbors @ 15th
1 to 3 Bedroom Apartments

The Arbors @ 15th

265 W 15th StPanama City, FL 32401
  • Utilities Included

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 126 Kristine Blvd
$1,300
2 Bedroom Rentals
Available Now
Affordability

126 Kristine Blvd

Panama CityFL32404
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Jordan Bayou
3 Bedroom Apartments

Jordan Bayou

183 Preservation DrCarrabelle, FL 32322
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Sumatra, FL Local Guide

Cheapest Available Sumatra Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sumatra, 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 Sumatra 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$935
Palm Court Apartments3 Bed 1 Bath3BR, 1BA$1,095
Arbor Crest Apartments2BR2BR, 2BA$1,098
Pinnacle at Hammock Place2x22BR, 2BA$1,180
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR, 1BA$1,195
Westshore PalmsThe Sapphire1BR, 1BA$1,199
The Lory of Panama CityThe Spring1BR, 1BA$1,199
Aztec Villa ApartmentsTwo Bedroom with Washer & Dryer2BR, 2BA$1,220

Best Value Apartments for Rent in Sumatra, FL and Nearby

As of September 18, 2026 the best value apartment in the Sumatra area is the $1.21 price per square foot Cali Model at Sunset Village starting from $2,154. The second greatest value Sumatra apartment is the Great Blue Heron Model at The Enclave in the SweetBay neighborhood starting at $1,700 with a $1.15 price per square foot. Here is today’s list of the best values for Sumatra apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset VillageCali4BR, 2BA$1.21
The EnclaveGreat Blue Heron3BR, 2BA$1.15
The Premier Townhomes @ 1694Roma4BR, 4BA$1.16
Pointe Grand Panama City2 Bedroom, 2 Bathroom2BR, 2BA$1.19
Arbor Trace Apartment HomesTupelo1BR, 1BA$1.26
Aztec Villa ApartmentsTwo Bedroom with Washer & Dryer2BR, 2BA$1.14
Pinnacle at Hammock Place2x22BR, 2BA$1.13
The Arbors @ 15thMagnolia2BR, 2BA$1.26
Palm Court Apartments3 Bed 1 Bath3BR, 1BA$1.17
Arbor Crest Apartments2BR2BR, 2BA$1.26

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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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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Real 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.

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

Explore Sumatra, FL Rentals by Map

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Frequently Asked Questions about Cheap Sumatra Apartments

How much is rent for a Cheap One Bedroom Sumatra Apartment?

The lowest price for a Cheap One Bedroom Sumatra Apartment is $900 at Cedar Trace Apartments.

What is the lowest price for a Cheap Two Bedroom Sumatra Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sumatra is starting from $1,000 at Cedar Trace Apartments.

What is the most affordable Sumatra Three Bedroom Apartment?

The best deal on a cheap Sumatra Three Bedroom Apartment rental is at Palm Court Apartments and starts from $1,095.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.