Bedroom count
Property type
Last updated on October 7, 2026
Average rent in
Panama City, FL
Average rent in
Last updated on October 7, 2026
Bedroom count
Property type
Key takeaways for renters
Where Panama City rent stands today
Panama City, FL rent is essentially flat year over year, with a current median of $1,700/month. Renters are paying about the same as last year, with no month-to-month change in rents recently.
Compared to national trends
Panama City sits 10.5% more affordable than the $1,900/month national median, with 176 total rentals offering a modest market size for renters.
Price ranges
Houses in Panama City run a median of $1,950/month while apartments sit at $1,300/month. Studios are around $1,500/month, 1-bedrooms at $1,386/month, and 2-bedrooms at $1,250/month, covering multiple price points across property types and bedroom counts.
Neighborhood spotlight
Rivercamps On Crooked Creek rents fell 55.3% year over year to $1,900/month across 16 rentals, and Lyndell Plantation dropped 50.6% to $1,900/month across 18 rentals. These declines contrast with the flat citywide trend and show localized market shifts.
Median rent
Median rent in Panama City
$1,700/mo
vs previous year
The average rent in Panama City is $1,700 per month as of October 2026. This is 11% below the national average rent, or $200 less per month.
average price per square foot
Total rentals
Available rentals in Panama City
176
for rent on Zumper.com as of October 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 remained the same 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, 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 $1,950. 1-bedroom apartments in Panama City run $1,386 on average, while 2-bedroom apartments are $1,200.
Listings | ||||
|---|---|---|---|---|
Studio | $1,500 |  69% |  688% | |
1 bedroom | $1,386 | 1% | 5% | |
2 bedroom | $1,250 | 2% | 2% | |
3 bedroom | $1,850 | 35% | 13% | |
4 bedroom | $2,300 | No Change | 10% |
Listings | ||
|---|---|---|
Bay View | $1,600 | |
Bunkers Cove | $1,470 | |
Bylsma Manor Estates | $1,800 | |
Cherokee Heights | $1,795 | |
Gwaltney Estate | $1,840 | |
Lake Merial | $2,100 | |
Old Orchard | $1,300 | |
Rolling Hills | $2,100 | |
Venetian Villas | $1,574 | |
Woodcrest | $2,000 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,300 | 34% | No Change | |
Condos | $2,225 | 44% | No Change | |
Houses | $1,950 | No Change | No Change | |
Rooms | $600 | No Change | - |
Studio
Average rent
$1,500
Last 30 days
69%
Last year
688%
1 bedroom
Average rent
$1,386
Last 30 days
1%
Last year
5%
2 bedroom
Average rent
$1,250
Last 30 days
2%
Last year
2%
3 bedroom
Average rent
$1,850
Last 30 days
35%
Last year
13%
4 bedroom
Average rent
$2,300
Last 30 days
No Change
Last year
10%
Bunkers Cove
Average rent
$1,470
Bay View
Average rent
$1,600
Gwaltney Estate
Average rent
$1,840
Bylsma Manor Estates
Average rent
$1,800
Old Orchard
Average rent
$1,300
Lake Merial
Average rent
$2,100
Woodcrest
Average rent
$2,000
Rolling Hills
Average rent
$2,100
Cherokee Heights
Average rent
$1,795
Venetian Villas
Average rent
$1,574
Apartments
Average rent
$1,300
Last 30 days
34%
Condos
Average rent
$2,225
Last 30 days
44%
Houses
Average rent
$1,950
Last 30 days
No Change
Rooms
Average rent
$600
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
11%lower than the national median
3%higher than the national median
Takeaway
The median rent for all rentals in Panama City, FL is 13% lower than the median rent in Callaway, FL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,950
5%$1,650
20%$1,900
6%$1,750
10%$1,527
57%$1,875
3%$2,000
$1,566
11%$1,650
1%$1,450
18%$1,650
$1,700
1%Discover rentals in Panama City, FL
5d+ ago
Apartment for rent in Panama City
6321 Lenawee St #C3, Panama City, FL 32404
2 beds
1 bath
$895
Apartment for rent
5d+ ago
Apartment for rent in Panama City
6321 Lenawee St #B3, Panama City, FL 32404
2 beds
1 bath
$900
Apartment for rent
16h 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
House for rent in Panama City
1043 Plantation Dr, Panama City, FL 32404
3 beds
2.5 baths
$3,800
House for rent
5d+ ago
House for rent in Panama City
319 S Vestavia St #0, Panama City, FL 32413
3 beds
2 baths
$3,495
House for rent
5d+ ago
Apartment for rent in Panama City
218 Bonita Cir #218, Panama City, FL 32408
3 beds
2 baths
$2,900
Apartment for rent
Available Sep 15
5d+ ago
House for rent in Panama City
1041 Plantation Dr, Panama City, FL 32404
3 beds
2.5 baths
$2,600
House for rent
6h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,095
Apartment for rent
14h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,320–$4,324
Apartment for rent
3d 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
2d ago
Old Orchard apartment for rent in Panama City
Studio
1 bath
$1,250
Apartment for rent
3d 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
6h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,095
Apartment for rent
14h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,320–$4,324
Apartment for rent
5d+ ago
House for rent in Panama City
279 Boggy Creek Way #1, Panama City, FL 32404
4 beds
2 baths
$2,100
House for rent
Available Apr 28
6h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,315–$2,095
Apartment for rent
8h ago
3120 Minnesota Ave, Panama City, FL 32405
3 beds
2 baths
$1,650
Apartment for rent
1d ago
House for rent in Panama City
3 beds
2 baths
$2,200
House for rent
5d+ ago
Verified
2100 W Beach Dr #R103, Panama City, FL 32401
1 bed
1 bath
$2,500
Condo for rent
Available Oct 2
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, 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 October 3, 2026.
Is rent up or down in Panama City?
Average rent prices in Panama City have remained the same over the last month and have remained the same since last year.
How does Panama City rent compare to the national average?
Rent in Panama City is 11% below the national average, which means renters are paying approximately $200 less per month.
Which neighborhoods are most affordable in Panama City?
The most affordable neighborhoods in Panama City are Old Orchard ($1,300/mo), Bunkers Cove ($1,470/mo), and Venetian Villas ($1,574/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).