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The average monthly rent in Panama City is down 6.2% compared to last month but up 15.32% year-over-year.
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8h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
In-unit laundry | Swimming pool | Fitness center
1–3 beds
1–2 baths
$1,480–$4,288
Apartment for rent
8h ago
Verified
1105 Clara Ave, Panama City, FL 32407
In-unit laundry | Garage parking | Swimming pool
Studio–3 beds
1–2 baths
$1,299–$2,350
Apartment for rent
3d ago
Verified
2401 Stanford Road, Panama City, FL 32405
Air conditioning | On-site laundry | Balcony
1–3 beds
1–2 baths
$1,386–$1,940
Apartment for rent
Available Apr 5
5d+ ago
Verified
4 beds
2 baths
$1,949
House for rent
Available Jun 21
5d+ ago
Verified
3938 Solano Rd #3938, Panama City, FL 32405
In-unit laundry | Air conditioning | On-site laundry
3 beds
2.5 baths
$1,800
House for rent
Available Apr 15
22h ago
Verified
2 beds
2 baths
$6,212
Apartment for rent
22h ago
Verified
4 beds
2.5 baths
$3,302
Apartment for rent
22h ago
Verified
4 beds
3 baths
$3,030
Apartment for rent
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22h ago
Verified
1 bed
1 bath
$1,488
$1,385
Price drop
Apartment for rent
8h ago
2 beds
1 bath
$995
Apartment for rent
Outdoor Space
In-Unit Laundry
Dishwasher
Swimming Pool
18h ago
2 beds
1 bath
$995
Apartment for rent
4d ago
2 beds
1 bath
$950
Apartment for rent
5d+ ago
2 beds
2 baths
$1,000
Apartment for rent
5d+ ago
Apartment for rent in Panama City
719 S Berthe Ave #8, Panama City, FL 32404
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,000
Apartment for rent
Available May 4
5d+ ago
Apartment for rent in Panama City
719 Berthe AvenueUnit #243, Panama City, FL 32404
Air conditioning | On-site laundry
2 beds
1 bath
$1,000
Apartment for rent
Available May 4
5d+ ago
Apartment for rent in Panama City
6707 E Highway 22 #E, Panama City, FL 32404
On-site laundry | Storage | Outdoor space
2 beds
1 bath
$1,000
Apartment for rent
5d+ ago
Apartment for rent in Panama City
6707 E Highway 22 #A, Panama City, FL 32404
On-site laundry | Storage | Outdoor space
2 beds
1 bath
$1,000
Apartment for rent
5d+ ago
Apartment for rent in Panama City
407 Viola Ave, Panama City, FL 32404
Hardwood floor | Ceiling fan | Outdoor space
2 beds
1 bath
$1,200
Apartment for rent
5d+ ago
Condo for rent in Panama City
On-site laundry | Ceiling fan | On-site management
2 beds
1 bath
$1,050
Condo for rent
Available Feb 23
5d+ ago
Townhouse for rent in Panama City
2 beds
1.5 baths
$1,250
House for rent
Available Feb 5
5d+ ago
Apartment for rent in Panama City
1 bed
1 bath
$850
Apartment for rent
5d+ ago
Apartment for rent in Panama City
2 beds
1 bath
$1,200
Apartment for rent
Available Mar 19
5d+ ago
Townhouse for rent in Panama City
2 beds
1.5 baths
$1,250
House for rent
3h ago
1–2 beds
1 bath
$1,095–$1,295
Apartment for rent
3h ago
Bay VIew townhouse for rent in Panama City
Dishwasher
2 beds
1.5 baths
$1,500
House for rent
4h ago
Bay VIew townhouse for rent in Panama City
On-site laundry | Outdoor space
2 beds
1.5 baths
$1,500
House for rent
7h ago
Bunkers Cove house for rent in Panama City
3 beds
2.5 baths
$2,400
$2,300
Price drop
House for rent
Available Apr 22
7h ago
House for rent in Panama City
2 beds
1.5 baths
$1,300
House for rent
8h ago
Apartment for rent in Panama City
7120 Patronis Dr, Panama City, FL 32408
In-unit laundry | Swimming pool | Fitness center
1–3 beds
1–2 baths
$1,190–$2,285
Apartment for rent
10h ago
House for rent in Panama City
3722 Burnham Way #1, Panama City, FL 32405
Air conditioning | On-site laundry | Central heat
3 beds
2 baths
$1,600
House for rent
Available May 12
11h ago
Apartment for rent in Panama City
1 bed
1 bath
$850
Apartment for rent
16h ago
2 beds
1 bath
$1,150
Apartment for rent
18h ago
3 beds
2 baths
$40,000
Apartment for rent
18h ago
House for rent in Panama City
7169 Fox Meadow Dr, Panama City, FL 32404
Walk-in closets | Outdoor space
3 beds
2 baths
$1,950
House for rent
18h ago
Bunkers Cove townhouse for rent in Panama City
3 beds
2.5 baths
$2,400
$2,300
Price drop
House for rent
18h ago
Apartment for rent in Panama City
5117 Douglas St #A, Panama City, FL 32404
In-unit laundry | Ceiling fan | Business center
3 beds
1 bath
$1,650
Apartment for rent
1d ago
2 beds
1 bath
$1,250
Apartment for rent
1d ago
2 beds
1 bath
$895
Apartment for rent
1d ago
2 beds
1 bath
$1,050–$1,090
Apartment for rent
1d ago
1930 Pleasant Manor - 1930 W 24Th St, Panama City, FL 32405
Outdoor space
2 beds
1 bath
$1,100
Apartment for rent
1d ago
1 bed
1 bath
$750
Apartment for rent
1d ago
House for rent in Panama City
3 beds
2 baths
$1,750
House for rent
1d ago
Bunkers Cove house for rent in Panama City
2 beds
2 baths
$1,800
House for rent
1d ago
House for rent in Panama City
3 beds
2 baths
$1,850
$1,650
Price drop
House for rent
1d ago
Bunkers Cove condo for rent in Panama City
359 Mercedes Ave, Panama City, FL 32401
In-unit laundry | Air conditioning | Hardwood floor
3 beds
3 baths
$1,995
Condo for rent
Available May 10
2d ago
Townhouse for rent in Panama City
395 N Gay Ave #395, Panama City, FL 32404
In-unit laundry | Furnished | Air conditioning
3 beds
2.5 baths
$2,500
House for rent
Available Jun 9
3d ago
House for rent in Panama City
6587 Kettles St, Panama City, FL 32404
Garage parking | Swimming pool | Fitness center
3 beds
2 baths
$2,300
$2,200
Price drop
House for rent
4d ago
2 beds
1 bath
$1,200
Apartment for rent
4d ago
1–3 beds
1–2 baths
$1,260–$3,439
Apartment for rent
4d ago
3100 Sweetbay Ave, Panama City, FL 32405
Assigned parking | Swimming pool | Fitness center
1–3 beds
1–2 baths
$1,514–$2,410
Apartment for rent
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Known for beautiful white beaches and boating, Panama City, Florida is a slice of panhandle paradise. This Floridian city is located along the Gulf Coast of the state's panhandle region, and it's actually the largest one between the state capital of Tallahassee to the east and Pensacola to the west. But don't let that fool you—Panama City has plenty of small-town charm and big-city amenities.
Panama City's slogan, "Where Life Sets Sail," is really fitting, considering the residents' affinity for sailing. There are dozens of sailing charters for those who don't have their own boat and just as many sailing clubs, including ones that offer lessons, for those who do. But this city loves all things boating and watersports. There's a huge fishing charter industry, perfect for beginner and experienced anglers alike. There are many charters for dolphin spotting, too. Or, you can just enjoy the crystal blue waters with some swimming, paddleboarding, and jet skiing from the shore.
Since Panama City’s amazing beaches are a big draw for out-of-towners, tourism is one of the top industries in the town. And since Panama City is also the home of the Tyndall Air Force Base, the military is another major employer. However, there are also jobs in the government sector, thanks to jobs with the City of Panama City, the Bay County School District, and Bay County municipal.
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Residents of Panama City, FL, appreciate the beautiful beaches and outdoor activities that the area offers. The local atmosphere is often described as relaxed, making it easy to enjoy seaside life. Many find the community's proximity to natural attractions appealing, along with a range of local dining options. However, some locals express concerns about the limited public transportation and occasional traffic issues, which can affect commuting and accessibility.
Panama City's 2025 rental market shows one-bedroom apartments averaging around $1,300 per month, while two-bedroom units average around $1,400 monthly. Two-bedroom apartments represent the largest segment of available rentals at 37% of listings, making them relatively easy to find in the current market.
Rents in Panama City, FL are on the rise, with a notable upswing of 7.75% in 2024 compared to the previous year.
May offers the lowest rental prices in Panama City, while December represents the least competitive period with reduced overall demand. These months create opportunities for better deals, as July typically sees the highest rent levels with a 9.6% difference between peak and off-peak pricing.
Gwaltney Estate, Bunkers Cove, Sherwood, and Glenwood rank as Panama City's most sought-after neighborhoods for social living, offering safety, restaurants, and walkability. Bunkers Cove stands out as particularly popular with one-bedroom rents around $1,400, though it has limited availability with only 13 listings representing 6% of the market.
Bunkers Cove offers rental options with a median rent around $1,600, though specific data on other budget-friendly neighborhoods is limited. Renters seeking lower costs should consider timing their search for May when citywide rental prices typically reach their lowest point of the year.
Panama City offers good options for pet owners, with 36% of rental listings welcoming pets. Oakland Terrace, Sherwood, Southport, and Bylsma Manor Estates specifically cater to pet owners with features like dog parks, pet-safe windows, and outdoor spaces designed for furry companions.
Utilities are rarely included in Panama City rental prices, with only 12 total listings including utilities, representing less than 1% of available apartments. This pattern holds across all bedroom types, from studios to three-bedroom units, where utility inclusion remains uncommon.
Panama City's rental market features predominantly Craftsman architecture from the early 20th century, representing 55% of available properties with characteristic low-pitched roofs and exposed wooden beams. Contemporary style accounts for 25% of the market, offering modern amenities like open floor plans and large windows from post-World War II development.
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.
| 🔑Available apartment rentals | 317 |
|---|---|
| 💰Best rent deal | 329 N Palo Alto Ave |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |