Apartments for Rent in Panama City FL
1,185 Rentals
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Showing 40 of 471 Results - Page 1 of 12
Panama City, FL Apartments for Rent
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.
Panama City, FL Rental Insights
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The average rent in Panama City, FL is $1,224 per month. By comparison, renters across the U.S. pay an average of $1,631, which means housing in Panama City, FL is slightly less expensive than much of the country.
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Find affordable apartments for rent in Panama City, FL by browsing listings in budget-friendly neighborhoods such as St Andrews, SweetBay, and Pretty Bayou. Use filters by price, number of bedrooms, and amenities to narrow your search.
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The most popular ZIP codes for renters in Panama City, FL are 32404, 32408, 32405, 32401, and 32409.
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You can find flexible rentals in Panama City, FL by exploring short-term rentals for temporary stays or browsing furnished apartments for move-in ready options that save time and hassle.
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Tour apartments from your couch with Matterport 3D Tours. We have 1,185 Panama City apartments with virtual tours available. Walk through the apartment, view room layouts and get a feel for the space before an in-person tour.
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Panama City, FL has very few transit options. Residents typically rely on driving for daily needs.
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