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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

Are most apartments in Panama City, FL largely older buildings or new developments?

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.