Perla
2195 Wilkinson St,
Panama City Beach, FL 32408
$1,385 - $2,369
1-3 Beds
Rental Market Trends in Panama City Beach, FL
What is the average rent in Panama City Beach, FL?
$1,381/month
Average Rent
787 Sq Ft
Average Apartment Size
-6.4%
Decrease in the Last Year
As of January 2026, the average rent in Panama City Beach, FL is $1,381 per month. This is 15% lower than the national average rent of $1,625/month, making renting in Panama City Beach more affordable than most cities in the US. When you rent an apartment in Panama City Beach, you can expect to pay about $1,074 per month for a studio, $1,381 for a one-bedroom apartment, and around $1,623 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,950 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Panama City Beach, FL?
In the past year, rent has decreased by 6.4%, which averages out to $87 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Panama City Beach, FL
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
50%
$1,001 - $1,500/month
39%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Panama City Beach?
Based on current rent prices, North Lagoon Heights and Carillon Beach" are the most affordable neighborhoods in Panama City Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Panama City Beach?
Based on current rent prices, Carillon Beach and North Lagoon Heights" are the most expensive neighborhoods in Panama City Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Panama City Beach neighborhoods have the most rentals available?
The neighborhoods in Panama City Beach with the most apartments available are Carillon Beach and North Lagoon Heights" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Panama City Beach, FL?
Because the average rent in Panama City Beach is $1,381, you’ll want to make about $4,603 per month or $55,236 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Panama City Beach, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Panama City Beach, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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MAA
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Hawthorne Residential Partners
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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.
* Percentages may not total 100 due to rounding.