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Apartments for Rent in Panama City Beach, FL

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Updated: April 4, 2026

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Local insights: What it's like to live in Panama City Beach, FL

Panama City Beach, FL offers residents easy access to stunning beaches and a variety of recreational activities. Many locals appreciate the vibrant atmosphere, with numerous dining options and entertainment venues that cater to different tastes. The area is often described as lively, especially during the tourist season. However, some residents note that the influx of tourists can lead to crowded areas and higher prices for rentals. Overall, the beach lifestyle is a significant draw, but it comes with its own set of challenges related to seasonal fluctuations.

How much is the average rent in Panama-City-Beach, FL for 1-bedroom and 2-bedroom apartments?

The average rent for a 1-bedroom apartment in Panama City Beach, FL is approximately $1,422, and for a 2-bedroom apartment, it is around $1,857.

Are rents going up or down in Panama-City-Beach, FL?

Rents in Panama City Beach, FL are experiencing a downward trend, with a 5% decrease in 2024 compared to the previous year. This trend includes a 3.9% decrease for 1-bedroom apartments and a slight adjustment for 2-bedroom units.

When is the best time to look for an apartment in Panama-City-Beach, FL?

The best time to look for an apartment in Panama City Beach, FL is during the winter months, particularly in December, when rental prices are typically lower, although the selection may be limited.

What are the best neighborhoods to rent an apartment in Panama-City-Beach, FL?

Some of the best neighborhoods to rent an apartment in Panama City Beach, FL include Open Sands, El Centro Beach, Palmetto Trace, and Bahama Beach, known for their vibrant social scenes and amenities.

What areas of Panama-City-Beach, FL are best for budget-conscious renters?

Open Sands is a popular neighborhood for budget-conscious renters, offering competitive rental rates and garnering high consumer interest.

Are there pet-friendly apartments in Panama-City-Beach, FL?

Yes, Panama City Beach, FL has a significant number of pet-friendly apartments, with approximately 53.39% of listings being pet-friendly.

Are utilities usually included in rent in Panama-City-Beach, FL?

Utilities are not commonly included in the rent in Panama City Beach, FL, with only about 8% of listings offering utilities included.

Methodology: How we got this data

Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.

Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.

Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.

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🔑Available apartment rentals435
Popular amenities
🧦In-unit laundry
🍽With dishwasher
🏠With photos