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The average rent in Panama City, as of June 2026, is up 13.29% compared to last month and up 34.71% year-over-year.
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17h 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
19h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
In-unit laundry | Swimming pool | Fitness center
1–3 beds
1–2 baths
$1,449–$4,479
Price drop
Apartment for rent
4d 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
17h ago
Apartment for rent in Panama City
3120 Minnesota Ave, Panama City, FL 32405
Assigned parking | Dishwasher | Microwave
3 beds
2 baths
$1,650
Apartment for rent
5d+ ago
Verified
709 E 10th St #A, Panama City, FL 32401
In-unit laundry | Air conditioning | Assigned parking
3 beds
2 baths
$1,850
Apartment for rent
Available Jun 5
4d ago
Verified
4 beds
2 baths
$1,929
House for rent
Available Jun 19
7h ago
2 beds
2 baths
$1,000–$1,175
Apartment for rent
5d+ ago
Townhouse for rent in Panama City
3 beds
2.5 baths
$1,400
House for rent
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5d+ ago
Condo for rent in Panama City
On-site laundry | Swimming pool | Waterfront
1 bed
1 bath
$1,250
Condo for rent
5d+ ago
House for rent in Panama City
2 beds
1 bath
$1,200
House for rent
Outdoor Space
Dishwasher
In-Unit Laundry
On-Site Laundry
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
$950
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 28
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 28
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
2 beds
1 bath
$1,200
Apartment for rent
Available Mar 19
19m ago
2 beds
2 baths
$1,050
Apartment for rent
2h ago
House for rent in Panama City
4 beds
2.5 baths
$2,000
$1,900
Price drop
House for rent
2h ago
2 beds
1 bath
$1,150
Price drop
Apartment for rent
3h ago
6101 Harvey St, Panama City, FL 32404
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,050
Apartment for rent
5h ago
Cherokee Heights house for rent in Panama City
Dishwasher | Microwave
3 beds
2 baths
$2,050
House for rent
5h ago
Apartment for rent in Panama City
1 bed
1 bath
$995
Apartment for rent
5h ago
Bunkers Cove townhouse for rent in Panama City
3 beds
2.5 baths
$2,000
House for rent
12h ago
2 beds
1 bath
$1,295
Apartment for rent
15h ago
3519 E 1st Ct, Panama City, FL 32401
On-site laundry | Storage | On-site management
2–3 beds
1 bath
$995–$1,095
Apartment for rent
16h ago
House for rent in Panama City
2005 Natalie St, Panama City, FL 32405
Garage parking | On-site laundry | Ceiling fan
3 beds
2 baths
$1,700
House for rent
16h ago
House for rent in Panama City
3 beds
2.5 baths
$2,000
House for rent
16h ago
1–3 beds
1–2 baths
$1,205–$2,630
Price drop
Apartment for rent
21h ago
House for rent in Panama City
3 beds
2.5 baths
$2,350
House for rent
21h ago
House for rent in Panama City
2716 Oak Hammock Dr #1, Panama City, FL 32401
3 beds
2 baths
$1,895
House for rent
Available Jun 23
23h ago
2 beds
1 bath
$1,250
Apartment for rent
1d ago
6707 E Highway 22, Panama City, FL 32404
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$950
Apartment for rent
1d ago
2 beds
1 bath
$1,100
Apartment for rent
1d ago
2 beds
1 bath
$1,200–$1,250
Apartment for rent
1d ago
Townhouse for rent in Panama City
1755 Jakes Dr, Panama City, FL 32405
In-unit laundry | Air conditioning | Garage parking
3 beds
2.5 baths
$2,100
House for rent
Available Jan 30
1d ago
House for rent in Panama City
4953 Conner Ln, Panama City, FL 32404
In-unit laundry | Swimming pool | Fitness center
4 beds
2 baths
$2,400
House for rent
1d ago
3 beds
2 baths
$30,000–$94,995
Apartment for rent
1d ago
House for rent in Panama City
Air conditioning | Garage parking | Dishwasher
3 beds
2 baths
$1,900
House for rent
2d ago
2 beds
1 bath
$1,090
Apartment for rent
2d ago
1930 Pleasant Manor - 1930 W 24Th St, Panama City, FL 32405
Outdoor space
2 beds
1 bath
$1,100
Apartment for rent
2d ago
House for rent in Panama City
2194 Briawood Cir #1, Panama City, FL 32405
Garage parking | Fireplace | Outdoor space
3 beds
3.5 baths
$3,000
House for rent
2d ago
House for rent in Panama City
1401 Transmitter Rd #NA, Panama City, FL 32401
In-unit laundry | Air conditioning | On-site laundry
3 beds
2 baths
$1,375
House for rent
Available Jun 22
2d ago
House for rent in Panama City
4 beds
2.5 baths
$2,300
House for rent
3d ago
2 beds
1 bath
$1,200
Apartment for rent
3d ago
Bay VIew house for rent in Panama City
2 beds
1 bath
$1,700
House for rent
4d ago
2 beds
1 bath
$1,200
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
5d+ ago
155 155/179 Reagan Road, Panama City, FL 32404
In-unit laundry | Air conditioning | On-site laundry
2 beds
1 bath
$1,275
House for rent
5d+ ago
Bunkers Cove house for rent in Panama City
2 beds
1 bath
$1,150
House for rent
5d+ ago
2100 W Beach Dr, Panama City, FL 32401
Furnished | Balcony | Swimming pool
1 bed
1 bath
$2,000
Condo for rent
Available Jun 24
5d+ ago
House for rent in Panama City
6615 Atkins Rd, Panama City, FL 32404
Garage parking | On-site laundry | Swimming pool
4 beds
2.5 baths
$2,300
House 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.
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.
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 2026 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 | 292 |
|---|---|
| 💰Best rent deal | 6707 E Highway 22 |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |