Arbor Crossing at Mill Bayou
198 Mill Bayou Blvd,
Panama City, FL 32404
$1,495 - $2,110
1-3 Beds
Panama City
Panama City, FL
Area Guide
Suburban living with a tropical twist
Suburban
•
Tropical
•
Scenic
•
Peaceful
•
Affordable
•
Nautical
•
Located along Florida's Emerald Coast, Panama City combines coastal living with Southern hospitality. The rental market offers various options, with one-bedroom apartments averaging $1,215 per month, while three-bedroom homes average $1,879. Recent trends show some softening in rental rates, with one-bedroom units experiencing a 4.5% decrease year-over-year. Notable areas include historic St. Andrews, featuring a waterfront district and weekly farmers' market, and the downtown area with its expanding arts scene and local shops. The presence of Florida State University Panama City and Gulf Coast State College adds to the city's educational landscape.
Panama City's location on St. Andrews Bay provides year-round opportunities for water recreation and outdoor activities. The city spans 36 square miles, featuring public parks, marinas, and green spaces throughout the community. Tyndall Air Force Base, a significant presence in the area, is undergoing a $5.3 billion renovation project. Local events celebrate the region's maritime heritage, while restaurants throughout the city serve fresh seafood and Southern cuisine. Recent development projects continue to enhance the area while preserving Panama City's historic character as an important port city.
Rent Trends
As of November 2025, the average apartment rent in Panama City, FL is $847 for a studio, $1,216 for one bedroom, $1,488 for two bedrooms, and $1,822 for three bedrooms. Apartment rent in Panama City has decreased by -1.1% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,216/month
760 Sq Ft
House
$2,154/month
1,552 Sq Ft
Condo
$1,921/month
1,056 Sq Ft
Townhome
$1,650/month
1,278 Sq Ft
Transportation
40
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
12
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
46
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Hutchison Beach Elementary School
Public
Grades K-5
621 Students
Public
Grades PK-12
1,619 Students
Public
Grades PK-5
511 Students
Public
Grades K-12
66 Students
Public
Grades PK-5
496 Students
Public
Grades PK-12
1,619 Students
Public
Grades K-12
66 Students
Public
Grades 6-12
1,337 Students
Public
Grades 6-8
701 Students
Public
Grades 6-8
570 Students
Public
Grades PK-12
1,619 Students
Public
Grades K-12
66 Students
Public
Grades 9-12
1,255 Students
Public
Grades 6-12
1,337 Students
Public
Grades PK & 6-12
345 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Science and Discovery Center of Northwest Florida
- St. Andrews State Park
Airports
- Northwest Florida Beaches International
Top Apartments in Panama City
Houses for Rent in Panama City
Property Management Companies in Panama City, FL
Arbor Properties
-
18
Communities
-
4,912
Units
-
7
Cities
5 Communities in Panama City
Royal American Companies
-
30
Communities
-
3,970
Units
-
23
Cities
3 Communities in Panama City
Greystar
-
3,453
Communities
-
952,071
Units
-
874
Cities
2 Communities in Panama City
The Gateway Companies
-
76
Communities
-
9,439
Units
-
59
Cities
2 Communities in Panama City
Woodruff Real Estate Services, LLC
-
42
Communities
-
6,294
Units
-
17
Cities
2 Communities in Panama City
RPM
-
625
Communities
-
169,369
Units
-
246
Cities
1 Community in Panama City
Search Nearby Rentals
Nearby City Rentals
Nearby House Rentals
Nearby City Guides
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.