Bedroom count
Property type
Last updated on July 8, 2026
Average rent in
Panama City, FL
Average rent in
Last updated on July 8, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Panama City, FL rent rose 5.1% year over year, with a current median of $1,760/month. Renters today are paying $343 more per month on average than last year, despite a modest 0.9% month-over-month decline.
Compared to national trends
Panama City sits 9.7% more affordable than the $1,950/month national median, offering a smaller market with 205 total rentals and a range of options for renters.
Rent ranges by bedroom
Studios in Panama City rent for $1,375/month, 1-bedrooms for $1,239/month, 2-bedrooms for $1,275/month, 3-bedrooms for $1,900/month, and 4+ bedrooms for $2,372/month. This spread covers the full range of bedroom sizes available.
Neighborhood spotlight
Mayfield rents climbed 40.5% year over year to $1,300/month across 13 rentals, contrasting with the citywide 5.1% rise. Magnolia Hills saw rents fall 33.0% year over year to $1,675/month, showing significant local variation in Panama City.
Median rent
Median rent in Panama City
$1,760/mo
5%vs previous year
The average rent in Panama City is $1,760 per month as of July 2026. This is 10% below the national average rent, or $190 less per month.
average price per square foot
Total rentals
Available rentals in Panama City
205
for rent on Zumper.com as of July 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 decreased by 1% over the last month and have increased 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 $1,950. 1-bedroom apartments in Panama City run $1,225 on average, while 2-bedroom apartments are $1,200.
Listings | ||||
|---|---|---|---|---|
Studio | $1,375 |  3% | 360% | |
1 bedroom | $1,239 | 1% | 10% | |
2 bedroom | $1,275 | 2% | 5% | |
3 bedroom | $1,900 | 32% | 34% | |
4 bedroom | $2,372 | 5% | 6% |
Listings | ||
|---|---|---|
Bay View | $1,650 | |
Britton Woods | $1,900 | |
Bunkers Cove | $1,650 | |
Gulf Coast | $1,650 | |
Gwaltney Estate | $1,800 | |
Lake Merial | $2,375 | |
Mayfield | $1,300 | |
Northshore | $1,600 | |
Sherwood | $1,975 | |
Venetian Villas | $1,765 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,300 | 40% | No Change | |
Condos | $1,950 | 13% | No Change | |
Houses | $1,950 | 3% | No Change |
Studio
Average rent
$1,375
Last 30 days
3%
Last year
360%
1 bedroom
Average rent
$1,239
Last 30 days
1%
Last year
10%
2 bedroom
Average rent
$1,275
Last 30 days
2%
Last year
5%
3 bedroom
Average rent
$1,900
Last 30 days
32%
Last year
34%
4 bedroom
Average rent
$2,372
Last 30 days
5%
Last year
6%
Bunkers Cove
Average rent
$1,650
Bay View
Average rent
$1,650
Venetian Villas
Average rent
$1,765
Gwaltney Estate
Average rent
$1,800
Gulf Coast
Average rent
$1,650
Northshore
Average rent
$1,600
Mayfield
Average rent
$1,300
Lake Merial
Average rent
$2,375
Sherwood
Average rent
$1,975
Britton Woods
Average rent
$1,900
Apartments
Average rent
$1,300
Last 30 days
40%
Condos
Average rent
$1,950
Last 30 days
13%
Houses
Average rent
$1,950
Last 30 days
3%
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
10%lower than the national median
8%higher than the national median
Takeaway
The median rent for all rentals in Panama City, FL is 16% lower than the median rent in Callaway, FL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,100
9%$1,200
$1,997
4%$1,875
21%$1,975
106%$1,937
$2,401
35%$1,800
19%$1,850
188%$1,200
22%$1,800
$1,700
4%Discover rentals in Panama City, FL
5d+ ago
Apartment for rent in Panama City
2128 2128 W 29th A/b Court, Panama City, FL 32405
Studio
0 baths
$400
Apartment for rent
14h 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
4h ago
3519 E 1st Ct, Panama City, FL 32401
2–3 beds
1 bath
$995–$1,095
Apartment for rent
1d ago
1128 S Gay Ave, Panama City, FL 32404
3 beds
2 baths
$1,593–$94,995
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
7h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,410–$2,095
Apartment for rent
8h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,449–$4,416
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
5d+ ago
Townhouse for rent in Panama City
3 beds
2.5 baths
$1,400
House 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
7h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,410–$2,095
Apartment for rent
8h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,449–$4,416
Apartment for rent
4h ago
3519 E 1st Ct, Panama City, FL 32401
2–3 beds
1 bath
$995–$1,095
Apartment for rent
7h ago
Verified
1105 Clara Ave, Panama City, FL 32407
Studio–3 beds
1–2 baths
$1,410–$2,095
Apartment for rent
8h ago
Verified
2002 Wilson Ave, Panama City, FL 32405
1–3 beds
1–2 baths
$1,449–$4,416
Apartment for rent
5d+ ago
Apartment for rent in Panama City
2 beds
1 bath
$1,200
Apartment for rent
Available Mar 19
2h ago
240 Harmon Ave, Panama City, FL 32401
2 beds
1 bath
$1,295
Apartment 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 $1,760 per month as of July 4, 2026.
Is rent up or down in Panama City?
Average rent prices in Panama City have decreased by 1% over the last month and have increased by 5% since last year.
How does Panama City rent compare to the national average?
Rent in Panama City is 10% below the national average, which means renters are paying approximately $190 less per month.
Which neighborhoods are most affordable in Panama City?
The most affordable neighborhoods in Panama City are Mayfield ($1,300/mo), Northshore ($1,600/mo), and Bunkers Cove ($1,650/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 $70,000/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?
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.
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).