Panama City Beach

Background Image

Panama City Beach, FL

Area Guide

Panama City Beach is known world-wide for their fabulous beaches!

Coastal Shopping Tourism Boating Florida

Welcome to Panama City Beach, where pristine beaches meet the emerald waters of Florida's Gulf Coast. This coastal community offers a range of rental options from beachfront condominiums to single-family homes. Current rental data shows one-bedroom apartments averaging $1,409, while two-bedroom units typically rent for $1,663. Notable areas include the Pier Park district, home to shopping and entertainment venues, and the neighborhood surrounding Frank Brown Park, which features baseball fields, tennis courts, and a fishing pond across its 100-acre expanse.

Panama City Beach centers around its 9-mile shoreline, where residents enjoy swimming, surfing, and sunbathing throughout the year. St. Andrews State Park provides opportunities for hiking, bird watching, and fishing. The area's distinctive white sand, created from pure quartz crystals, sets these shores apart from other beach destinations. The community is served by Gulf Coast State College and Florida State University's Panama City campus. Annual events include the Gulf Coast Jam music festival at Frank Brown Park. With approximately 18,000 year-round residents, Panama City Beach offers coastal living with essential amenities and services.

Rent Trends

As of January 2026, the average apartment rent in Panama City Beach, FL is $1,087 for a studio, $1,393 for one bedroom, $1,635 for two bedrooms, and $1,992 for three bedrooms. Apartment rent in Panama City Beach has decreased by -5.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,393/month
787 Sq Ft
House
$2,939/month
1,658 Sq Ft
Condo
$2,078/month
1,093 Sq Ft
Townhome
$2,077/month
1,314 Sq Ft
See Rental Market Trends in Panama City Beach, FL

Transportation

36

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

1

Minimal Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

50

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

Patronis Elementary School

Public

Grades K-5

648 Students

Breakfast Point Academy

Public

Grades PK-8

1,058 Students

West Bay Elementary School

Public

Grades K-5

313 Students

Surfside Middle School

Public

Grades 6-8

843 Students

Breakfast Point Academy

Public

Grades PK-8

1,058 Students

J.R. Arnold High School

Public

Grades 9-12

1,617 Students

Points of Interest

Top Apartments in Panama City Beach

Houses for Rent in Panama City Beach

Property Management Companies in Panama City Beach, FL

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.