Last updated on August 14, 2026

Average rent in
Panama City Beach, FL

Key takeaways for renters

  • Where Panama City Beach rent stands today

    Panama City Beach, FL rents are essentially flat year over year despite a $188 per month decrease from last year, with a current median of $2,096/month. Month over month, rents cooled 4.5%, reflecting a recent downward trend separate from the yearly comparison.

  • Panama City Beach rents run 8.9% more expensive than the $1,925/month national median, marking it as a pricier market. The city has a total of 125 rentals available, providing a moderate selection for renters.

  • Rent ranges by bedroom

    Studio rents are at $1,995/month, 1-bedrooms at $1,534/month, 2-bedrooms at $2,057/month, 3-bedrooms at $2,300/month, and 4+ bedrooms reach $3,250/month. These figures outline the range renters can expect across bedroom sizes in Panama City Beach.

  • Neighborhood spotlight

    The Glades experienced a rent decline of 49.2% year over year to $1,700/month across 13 rentals, a much larger drop compared to the citywide flat trend. This shows localized softness in this neighborhood distinct from the broader market.

Median rent

Median rent in Panama City Beach

$2,095/mo

Flat

vs previous year

The average rent in Panama City Beach is $2,095 per month as of August 2026. This is 9% above the national average rent, or $170 more per month.

$1.59

average price per square foot

Total rentals

Available rentals in Panama City Beach

125

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Panama City Beach rentals at each price point

70%53%35%18%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 5% over the last month and have remained the same 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 $1,725, whereas a house costs $2,400. 1-bedroom apartments in Panama City Beach run $1,480 on average, while 2-bedroom apartments are $1,775.

Listings

Studio

$1,995

14%

-

1 bedroom

$1,534

4%

8%

2 bedroom

$2,057

1%

1%

3 bedroom

$2,300

1%

10%

4 bedroom

$3,250

5%

20%

Studio

Average rent

$1,995

Last 30 days

14%

1 bedroom

Average rent

$1,534

Last 30 days

4%

Last year

8%

2 bedroom

Average rent

$2,057

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$2,300

Last 30 days

1%

Last year

10%

4 bedroom

Average rent

$3,250

Last 30 days

5%

Last year

20%

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$2,095
increased by9%

higher than the national median

Median rent price$2,200
increased by14%

higher than the national median

Takeaway

The median rent for all rentals in Panama City Beach, FL is 5% lower than the median rent in Callaway, FL.

Discover rentals in Panama City Beach, FL

617 Gardenia Street - Photo 1 of 1

5d+ 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

126 Seagrass Way - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

3 beds

2 baths

$1,432

$1,326

Price drop

House for rent

310 Malaga Pl #1 - Photo 1 of 1

5d+ ago

House for rent in Panama City Beach

2 beds

1 bath

$1,345

House for rent

Available Aug 6

8815 Thomas Dr - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

2 beds

2 baths

$1,597

$1,446

Price drop

Apartment for rent

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 $2,095 per month as of August 8, 2026.

Is rent up or down in Panama City Beach?

Average rent prices in Panama City Beach have decreased by 5% over the last month and have remained the same since last year.

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

Rent in Panama City Beach is 9% above the national average, which means renters are paying approximately $170 more per month.

Which neighborhoods are most affordable in Panama City Beach?

The most affordable neighborhoods in Panama City Beach are Tapestry Park ($1,500/mo), The Glades ($1,700/mo), and Open Sands ($1,869/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 $84,000/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?

Based on Zumper's July 2026 data, one-bedroom apartments in Panama City Beach average around $1,500/month and two-bedrooms approximately $2,040/month.

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