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108 N Gray Ave
108 N Gray Ave, Panama City, FL 32401, USA

Apartment for rent
Monthly rent
$1,325
Beds2
Baths2
Sqft1,128
modified
5+ Days Ago

Units

108 N Gray Ave Panama City, FL

Available

A

2 Beds

2.5 Baths

$1,325

Listed on 09/23/2025
Listed by 108 Gray Ave Unit A
Days on market: 31

Available

C

2 Beds

2.5 Baths

$1,325

Listed on 08/13/2025
Days on market: 72

Occupied Units

Occupied

B

2 Beds

2.5 Baths

$1,300

Listed by Leasing Office
Days on market: 786
- 2/2 Townhouse convenient to shopping and dining. 2 bedroom, 2.5 bathroom townhome. Large living and dining area open to the kitchen. Both bedrooms upstairs include a private bathroom. Master bedroom has large walk-in closet. All property sizes and ages are approximate, please measure and/or verify if important. School assignments are subject to change, please check with Bay County for most accurate information. Deposit is the same as the rent. Pets NOT allowed No Pets Allowed

Amenities for 108 N Gray Ave

Some units at this address have these amenities. View unit details for more information.

Unit Amenities
  • Dishwasher
  • Microwave
  • Walk-In Closets

Policies at 108 N Gray Ave

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 108 N Gray Ave

HomeApartments in Panama City 108 N Gray Ave #A, Panama City, FL 32401, USA

Discover a charming retreat at 108 N Gray Ave, Panama City, FL 32401. This intimate property comprises 3 units, offering a spacious 2-bedroom floorplan with approximately 1128 square feet of living space. Residents can enjoy a range of amenities, including an oven and dishwasher for convenient meal prep and cleanup. The property's prime location allows for a short walk to nearby grocery stores and public transportation, making it easy to get around. With long-term rentals and a quiet atmosphere, this property is perfect for those seeking a low-maintenance lifestyle. As an added bonus, the property's compact size ensures a sense of community among its residents.

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Address details

Units3
Units available2
City
Zip code32401

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 108 N Gray Ave, Panama City, FL 32401, USA compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from high schools
The nearest high school is farther than 2 miles away

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Rent trends in Panama City

If you decide to upgrade your space, you can expect 2-bedrooms at 108 N Gray Ave #A to be 2% more than the average for similarly sized apartments in Panama City.

Median rents as of Oct 18 2025.
Panama City
A table of studio rental data trends in Panama City
MonthMedian Rent
June 2024$900
September 2024$900
October 2024$743
November 2024$725
December 2024$841
January 2025$875
February 2025$962
March 2025$990
April 2025$1,043
May 2025$1,135
June 2025$1,036
July 2025$1,147
August 2025$1,035
September 2025$915
October 2025$886

Affordability calculator

Can I afford to live at 108 N Gray Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$53,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $53,000 annually to afford this 2-bedrooms median monthly rent price of $1,325.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 108 N Gray Ave, Panama City, FL.
2 years ago$1,3002 bed2.5 bath
4 years ago$1,2002 bed2.5 bath
4 years ago$1,2002 bed2.5 bath
7 years ago$8252 bed2.5 bath

Schools near 108 N Gray Ave #A

Margaret K. Leweis in Millville

203 n east ave

panama city, FL, 32401

PK, K-12Public

Merriam Cherry Street Elementary School

1125 cherry st

panama city, FL, 32401

PK, K-5Public
C+

Rosenwald High School

924 bay ave

panama city, FL, 32401

PK, 6-12Public
C-

Bay Virtual Franchise

1515 june ave

panama city, FL, 32405

K-12Public
C+

St. Andrew School

2010 w 12th st

panama city, FL, 32401

PK, K-5Public
C+
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Panama City near 108 N Gray Ave

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 108 N Gray Ave, Panama City

Groceries

1/10
Closest supermarket further than a 30-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Nightlife

2/10
Few or no bars within walking distance

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