23

Studio Apartments for Rent in Panama City Beach, FL

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  • /25

    Starting at $1,495 Per Month

    • Studio - 3 Beds

    800 Grand Panama Blvd, Panama City Beach, FL 32407

    Experience truly luxurious beach living at Panama Flats Apartment Homes -where you can live your best beach life with direct access from your home to the beach by way of boardwalk. Mere steps from putting your toes in the sand, coming home is its own vacation. Enjoy expansive views of the clear emerald waters from your private patio, take a sunset stroll on white sugar sand beaches, and surround

    Panama Flats

    (850) 919-4043

    800 Grand Panama Blvd, Panama City Beach, FL 32407
  • /15

    Starting at $925 Per Month

    • Studio - 1 Bed

    644 W Caladium Cir, Panama City Beach, FL 32413

    Make the beach your new home and hear the waves crashing from your front door. Located directly off of Front Beach Road, the sandy beach, local restaurants, Starbucks, and a mom-and-pop grab-and-go shop, are all within walking distance! Just one mile from Pier Park, find yourself within reach of all things work and play. 644 Caladium is two-story once-hotel, smartly reconstructed to feature

    Caladium Apartments

    (448) 230-5266

    644 W Caladium Cir, Panama City Beach, FL 32413
  • /19

    Starting at $899 Per Month

    • Studio - 2 Beds

    6200 Cypress Point Dr, Panama City Beach, FL 32408

    Cottages By The Bay is a charming apartment community with quaint and cozy studio, 1 and 2 bedroom apartments. All apartments are one level, no one above or below you! Cottages By The Bay is conveniently located just minutes away from the world's most beautiful beaches and 1 mile from the navy base.

    Cottages by the Bay

    (850) 771-4959

    6200 Cypress Point Dr, Panama City Beach, FL 32408
  • /13

    $1,835

    Total Monthly Price

    • Studio
    • 1 Bath
    • 419 Sq Ft
    • Condo for Rent

    10517 Front Beach Rd Unit SI FL8-ID1354971P, Panama City Beach, FL 32407

    The advertised rate of $1,836/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 25, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    (850) 919-2389

    10517 Front Beach Rd Unit SI FL8-ID1354971P, Panama City Beach, FL 32407
  • /20

    $1,552

    Total Monthly Price

    • Studio
    • 1 Bath
    • 484 Sq Ft
    • Condo for Rent

    8817 S Thomas Dr Unit SI FL7-ID1354965P, Panama City Beach, FL 32408

    The advertised rate of $1,552/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 26, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    (448) 334-5793

    8817 S Thomas Dr Unit SI FL7-ID1354965P, Panama City Beach, FL 32408
  • /18

    $1,200 Per Month

    • Studio
    • 1 Bath
    • 489 Sq Ft
    • Top of Gulf Condos #404

    8817 S Thomas Dr Unit Top of Gulf Condos #404, Panama City Beach, FL 32408

    8817 S Thomas Dr Unit Top of Gulf Condos #404, Panama City Beach, FL 32408

Why Live in Panama City Beach

Panama City Beach, Florida, located on the Gulf of Mexico, is a popular vacation destination known for its 13 miles of coastline and stunning sunsets. The city, with a population of over 19,000, features a mix of residential neighborhoods, beachfront condos, and hotels. Key attractions include the Russell-Fields City Pier, Pier Park, and the expansive Frank Brown Park, which offers sports facilities, an aquatic center, and a community center. The city hosts numerous events from March through October, including the Summer Concert Series and the UNwineD food and wine festival. For shopping and nightlife, Pier Park is a bustling outdoor mall with a variety of restaurants, bars, and shops, while Thomas Drive on the east side offers local dining options like Captain Anderson’s Restaurant. Housing in Panama City Beach ranges from late 20th-century bungalows and coastal cottages to high-rise beachfront condos. The city is served by Bay District Schools, with J.R. Arnold High School being highly rated. Transportation options include the BayWay bus service and the Gayle’s Trails bike system. While the city is prone to hurricanes and flooding, ongoing infrastructure projects aim to mitigate these issues.

Frequently Asked Questions

How much does it cost to rent a home in Panama City Beach, FL?
The median rent for a home in Panama City Beach, FL is $2,780 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Panama City Beach, FL?
To comfortably afford the median rent in Panama City Beach, FL, a household needs to earn roughly $111,200 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,780 per month in Panama City Beach, FL, renters typically need to show $8,340 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Panama City Beach, FL?
In Panama City Beach, FL, the price-to-rent ratio is 13.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Panama City Beach, FL

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$2,780
Median Single Family Home Rent
$2,395
Median Townhouse Rent
$2,175
Median Condo Rent
$2,752
How to Rent a Home