Last updated on June 29, 2026

Average rent in
Panama City Beach, FL

Key takeaways for renters

  • Where Panama City Beach rent stands today

    Panama City Beach, FL rent rose 9.2% year over year to a current median of $2,403/month. Renters are paying $786 more per month on average than last year, despite a 4.0% month-over-month decline from the recent peak in May 2026.

  • Panama City Beach runs 23.2% more expensive than the $1,950/month national median, placing it above average in cost among U.S. rental markets with a total of 113 rentals.

  • Rent ranges by bedroom

    Studios in Panama City Beach command $7,125/month, 1-bedrooms run around $1,712/month, 2-bedrooms at $2,462/month, and 4+ bedrooms reach $3,828/month. The 3-bedroom median is $2,350/month, close to the citywide median.

  • Neighborhood spotlight

    The Glades saw rents fall 45.7% year over year to $1,900/month, while Palmetto Trace dropped 32.7% and El Centro Beach declined 16.2%. These declines contrast with the citywide 9.2% rise and show localized cooldowns in these neighborhoods.

Median rent

Median rent in Panama City Beach

$2,403/mo

increased by9%

vs previous year

The average rent in Panama City Beach is $2,403 per month as of June 2026. This is 23% above the national average rent, or $453 more per month.

$1.84

average price per square foot

Total rentals

Available rentals in Panama City Beach

113

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Panama City Beach rentals at each price point

60%45%30%15%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Panama City Beach, FL

Average rent prices in Panama City Beach have decreased by 4% over the last month and have increased by 9% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Panama City Beach, FL

Rent prices in Panama City Beach vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Panama City Beach is $2,249, whereas a house costs $2,350. 1-bedroom apartments in Panama City Beach run $1,599 on average, while 2-bedroom apartments are $1,820.

Listings

Studio

$7,125

6%

-

1 bedroom

$1,712

No Change

21%

2 bedroom

$2,462

2%

16%

3 bedroom

$2,350

4%

5%

4 bedroom

$3,827

20%

78%

Studio

Average rent

$7,125

Last 30 days

6%

1 bedroom

Average rent

$1,712

Last 30 days

No Change

Last year

21%

2 bedroom

Average rent

$2,462

Last 30 days

2%

Last year

16%

3 bedroom

Average rent

$2,350

Last 30 days

4%

Last year

5%

4 bedroom

Average rent

$3,827

Last 30 days

20%

Last year

78%

The table above reflects average rent prices in Panama City Beach, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Panama City Beach, FL compare to other cities?

Compare median rent prices in Panama City Beach and Callaway by all bedroom counts and property types.

Panama City Beach

Median rent price$2,403
increased by23%

higher than the national median

Median rent price$2,100
increased by8%

higher than the national median

Takeaway

The median rent for all rentals in Panama City Beach, FL is 14% higher than the median rent in Callaway, FL.

Discover rentals in Panama City Beach, FL

617 Gardenia Street - Photo 1 of 1

2d ago

7.9

Very good

617 Gardenia Street

617 Gardenia St, Panama City Beach, FL 32407

2 beds

1 bath

$1,000

Apartment for rent

Poinsettia - Photo 1 of 1

2d ago

7.2

Very good

Poinsettia

231 Poinsettia Dr, Panama City Beach, FL 32413

2 beds

2 baths

$1,300

Apartment for rent

Edgewater Crossings - Photo 1 of 1
3D tour

1h ago

9.3

Excellent

Our team has verified this company

Verified

Edgewater Crossings

204 Potters Bluff Dr, Panama City Beach, FL 32407

1–2 beds

1–2 baths

$1,325–$1,938

Apartment for rent

Available Jun 29

Call

Parkside at the Beach - Photo 1 of 1

13h ago

9.3

Excellent

Our team has verified this company

Verified

Parkside at the Beach

17225 Panama City Beach Pkwy, Panama City Beach, FL 32413

1–3 beds

1–2 baths

$1,355–$3,118

Apartment for rent

Available Jun 29

Call

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Panama City Beach, FL

Quick answers to common questions about the Panama City Beach rental market.

How much is rent in Panama City Beach?

The average rent in Panama City Beach is $2,403 per month as of June 27, 2026.

Is rent up or down in Panama City Beach?

Average rent prices in Panama City Beach have decreased by 4% over the last month and have increased by 9% since last year.

How does Panama City Beach rent compare to the national average?

Rent in Panama City Beach is 23% above the national average, which means renters are paying approximately $453 more per month.

Which neighborhoods are most affordable in Panama City Beach?

The most affordable neighborhoods in Panama City Beach are Bahama Beach ($1,650/mo), Tapestry Park ($1,780/mo), and Palmetto Trace ($1,850/mo).

What salary do I need to afford rent in Panama City Beach?

To comfortably afford rent in Panama City Beach, you'd need to earn approximately $96,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Panama City Beach?

Panama City Beach's 2025 rental market shows one-bedroom apartments averaging around $1,400 per month, while two-bedroom units rent for around $1,900 monthly. These figures reflect the current pricing across Florida's Gulf Coast rental market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Callaway