Bedroom count
Property type
Last updated on August 22, 2026
Average rent in
Panama City, FL
Average rent in
Last updated on August 22, 2026
Bedroom count
Property type
Key takeaways for renters
Where Panama City rent stands today
Panama City, FL rent slipped 5.0% year over year, with a current median of $1,700/month. Renters today are paying $28 less per month on average than last year, despite a 5.6% increase month over month in August 2026.
Compared to national trends
Panama City sits 11.7% more affordable than the $1,925/month national median, offering a moderately priced market with 192 total rentals available.
Price ranges
Studios in Panama City rent for about $1,070/month, 1-bedrooms around $1,250/month, and 2-bedrooms near $1,298/month, while 3-bedrooms reach $1,895/month and 4+ bedrooms $2,325/month.
Neighborhood spotlight
Lyndell Plantation rents fell 48.0% year over year to $2,000/month across 20 rentals. This decline is larger than the citywide 5.0% drop, showing a localized cooldown in this neighborhood.
Median rent
Median rent in Panama City
$1,700/mo
5%vs previous year
The average rent in Panama City is $1,700 per month as of August 2026. This is 12% below the national average rent, or $225 less per month.
average price per square foot
Total rentals
Available rentals in Panama City
192
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Panama City rentals at each price point
Rent trends in Panama City, FL
Average rent prices in Panama City have increased by 6% over the last month and have decreased by 5% 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, FL
Rent prices in Panama City vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Panama City is $1,300, whereas a house costs $2,000. 1-bedroom apartments in Panama City run $1,340 on average, while 2-bedroom apartments are $1,225.
Listings | ||||
|---|---|---|---|---|
Studio | $1,070 |  14% | 90% | |
1 bedroom | $1,250 | 2% | 6% | |
2 bedroom | $1,297 | 5% | 10% | |
3 bedroom | $1,895 | 1% | 1% | |
4 bedroom | $2,325 | 1% | 4% |
Listings | ||
|---|---|---|
Bay View | $1,750 | |
Bayside | $1,700 | |
Bunkers Cove | $1,700 | |
Bylsma Manor Estates | $1,595 | |
Cherokee Heights | $1,697 | |
Forest Park Estates | $1,800 | |
Gulf Coast | $1,650 | |
Gwaltney Estate | $1,731 | |
Northshore | $2,000 | |
Venetian Villas | $1,838 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,300 | 3% | No Change | |
Condos | $1,935 | No Change | No Change | |
Houses | $2,000 | 1% | No Change |
Studio
Average rent
$1,070
Last 30 days
14%
Last year
90%
1 bedroom
Average rent
$1,250
Last 30 days
2%
Last year
6%
2 bedroom
Average rent
$1,297
Last 30 days
5%
Last year
10%
3 bedroom
Average rent
$1,895
Last 30 days
1%
Last year
1%
4 bedroom
Average rent
$2,325
Last 30 days
1%
Last year
4%
Bunkers Cove
Average rent
$1,700
Venetian Villas
Average rent
$1,838
Bay View
Average rent
$1,750
Cherokee Heights
Average rent
$1,697
Gulf Coast
Average rent
$1,650
Gwaltney Estate
Average rent
$1,731
Bayside
Average rent
$1,700
Bylsma Manor Estates
Average rent
$1,595
Northshore
Average rent
$2,000
Forest Park Estates
Average rent
$1,800
Apartments
Average rent
$1,300
Last 30 days
3%
Condos
Average rent
$1,935
Last 30 days
No Change
Houses
Average rent
$2,000
Last 30 days
1%
The table above reflects average rent prices in Panama City, 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, FL compare to other cities?
Compare median rent prices in Panama City and Callaway by all bedroom counts and property types.
Panama City
12%lower than the national median
14%higher than the national median
Takeaway
The median rent for all rentals in Panama City, FL is 23% lower than the median rent in Callaway, FL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,200
6%$1,595
34%$1,950
4%$1,795
5%$1,550
1%$1,912
$2,050
7%$1,595
25%$1,575
20%$1,395
11%$1,800
$2,200
2%Discover rentals in Panama City, FL
1d ago
1930 Pleasant Manor - 1930 W 24Th St, Panama City, FL 32405
2 beds
1 bath
$950
Apartment for rent
3d ago
6707 E Highway 22, Panama City, FL 32404
2 beds
1 bath
$950
Apartment for rent
5d+ ago
Apartment for rent in Panama City
6707 E Highway 22 #A, Panama City, FL 32404
2 beds
1 bath
$950
Apartment for rent
5d+ ago
Apartment for rent in Panama City
2 beds
1 bath
$975
Apartment for rent
Available Aug 15
2d ago
1128 S Gay Ave, Panama City, FL 32404
3 beds
2 baths
$70,500
Apartment for rent
5d+ ago
Condo for rent in Panama City
703 W 15th St #A, Panama City, FL 32401
Studio
0 baths
$17,500
Condo for rent
5d+ ago
Condo for rent in Panama City
5102 Northbay Drive, Panama City, FL 32401
Studio
0 baths
$12,714
Condo for rent
5d+ ago
Condo for rent in Panama City
703 W 15th St #B, Panama City, FL 32401
Studio
0 baths
$10,000
Condo for rent
9h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,385–$4,441
Price drop
Apartment for rent
2d ago
Verified
2401 Stanford Road, Panama City, FL 32405
1–3 beds
1–2 baths
$1,386–$1,940
Apartment for rent
Available Apr 5
3d ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,350
Apartment for rent
3d ago
3120 Minnesota Ave, Panama City, FL 32405
3 beds
2 baths
$1,650
Apartment for rent
2d ago
Verified
2401 Stanford Road, Panama City, FL 32405
1–3 beds
1–2 baths
$1,386–$1,940
Apartment for rent
Available Apr 5
9h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,385–$4,441
Price drop
Apartment for rent
3d ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,350
Apartment for rent
16h ago
Verified
5115 Gulf Dr, Panama City, FL 32408
1 bed
2 baths
$1,533
Price drop
Condo for rent
9h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
2 beds
2 baths
$1,570–$2,941
Price drop
Apartment for rent
3d ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,350
Apartment for rent
3d ago
3120 Minnesota Ave, Panama City, FL 32405
3 beds
2 baths
$1,650
Apartment for rent
16h ago
Verified
5115 Gulf Dr, Panama City, FL 32408
1 bed
2 baths
$1,533
Price drop
Condo for rent
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Frequently asked questions for Panama City, FL
Quick answers to common questions about the Panama City rental market.
How much is rent in Panama City?
The average rent in Panama City is $1,700 per month as of August 15, 2026.
Is rent up or down in Panama City?
Average rent prices in Panama City have increased by 6% over the last month and have decreased by 5% since last year.
How does Panama City rent compare to the national average?
Rent in Panama City is 12% below the national average, which means renters are paying approximately $225 less per month.
Which neighborhoods are most affordable in Panama City?
The most affordable neighborhoods in Panama City are Bylsma Manor Estates ($1,595/mo), Gulf Coast ($1,650/mo), and Cherokee Heights ($1,697/mo).
What salary do I need to afford rent in Panama City?
To comfortably afford rent in Panama City, you'd need to earn approximately $68,000/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?
December offers the best apartment hunting conditions in Panama City with the least competition from other renters and reduced demand. May typically sees the lowest rents while July has the highest, with about a 10% difference between peak and off-peak months.
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).