20 Hours Ago
Location
3625 Frankford Avenue, Panama City, Florida 32405, United States
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Tour Exchange at North Bay
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Managed by
Management
Evolve Property Management
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Property Overview
Exchange at North Bay received a strong Zumper expert rating of 8 out of 10, reflecting its attractiveness to renters. It offers exceptional value with a price rating of 9 out of 10, complemented by impressive amenities rated at 8 out of 10. Furthermore, its prime location, with a 9 out of 10 rating, provides easy access to key points of interest, while a trustworthiness rating of 7 out of 10 illustrates a commitment to transparency. Notably, residents will appreciate the proximity to a grocery store just 0.3 miles away.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Floor plans
| A-1 | 1 bed | 1 bath | 598 sqft | $1,280–$1,355 /mo | 7 units available | ||
| A-2 | 1 bed | 1 bath | 737 sqft | $1,290–$1,340 /mo | 6 units available | ||
| B-1 | 2 bed | 2 bath | 974 sqft | $1,469–$1,554 /mo | 7 units available | ||
| B-2 | 2 bed | 2 bath | 1,053 sqft | $1,529–$1,554 /mo | 7 units available | ||
| B-5 | 2 bed | 2 bath | 1,208 sqft | $1,894 /mo | 1 unit available | ||
| C-1 | 3 bed | 2 bath | 1,288 sqft | $1,898–$1,984 /mo | 4 units available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 256 |
|---|
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About Exchange at North Bay
Exchange at North Bay cost $1,280–$3,726 per month. Located at 3625 Frankford Avenue, Panama City, Florida 32405, United States, Exchange at North Bay has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Panama City, renting an apartment at Exchange at North Bay is 102% more expensive per month.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Exchange at North Bay is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Exchange at North Bay has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Exchange at North Bay stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Exchange at North Bay is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Exchange at North Bay is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Exchange at North Bay does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Exchange at North Bay provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Exchange at North Bay compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 102 sqft larger than other listings nearby
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Rent trends in Panama City
1-bedroom apartments here are priced 8% higher than 1-bedrooms in Panama City.
If you decide to upgrade your space, you can expect 2-bedrooms at Exchange at North Bay to be 25% more than the average for similarly sized apartments in Panama City.
3-bedroom apartments at Exchange at North Bay cost about 3% more than the average rent price for 3-bedroom apartments in Panama City.
Median rents as of Dec 6 2025.
Panama City
| Month | Median 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 | $875 |
| November 2025 | $1,081 |
| December 2025 | $1,397 |
Affordability calculator
Can I afford to live at 3625 Frankford Avenue?
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
$51,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,400 annually to afford this 1-bedroom median monthly rent price of $1,285.
For more information on rent affordability, visit our rent calculator.
Schools near Exchange at North Bay
Northside Elementary School
2001 northside dr
panama city, FL, 32405
PK, K-5Public
B
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+
Rosenwald High School
924 bay ave
panama city, FL, 32401
PK, 6-12Public
C-
Margaret K. Leweis in Millville
203 n east ave
panama city, FL, 32401
PK, K-12Public
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Internet available near Exchange at North Bay
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Panama City near 3625 Frankford Avenue
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 3625 Frankford Avenue, Panama City
Groceries
1/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Nightlife
1/10
Few or no bars within walking distance
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