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Panama City, FL Homes for Rent

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  • /255

    Starting at $1,449 Per Month

    • 1 - 3 Beds

    198 Mill Bayou Rd, Panama City, FL 32404

    Welcome to your future luxury home in a brand new Arbor Properties apartment community in Lynn Haven, Florida! Our prime location places you near Highways 390 and 231, making your possibilities endless for work, school, entertainment, and dining. We're only 14 miles away from Tyndall Air Force Base and only 13 miles from the Naval Support Activity. Take in some nature around Lynn Haven Bayou Park

    Arbor Crossing at Mill Bayou

    198 Mill Bayou Rd, Panama City, FL 32404
  • /40

    $2,200 Per Month

    • 4 Beds
    • 2 Baths
    • 2,165 Sq Ft
    • House for Rent

    4953 Conner Ln, Panama City, FL 32404

    Welcome home to 4953 Connor Ln! This beautiful 4-bedroom, 2-bath Cali floor plan is located in Phase 1 of Liberty, just steps from the clubhouse and all the amenities the community has to offer.this home has been thoughtfully cared for and has so many little touches that make it feel like home. The kitchen is bright and functional with white cabinets, a large island, stainless steel appliances,

    Agent Photo

    Sabina Balch

    Keller Williams Success Realty

    4953 Conner Ln, Panama City, FL 32404
  • /14

    Starting at $1,410 Per Month

    • 1 - 3 Beds

    4201 E Highway 390, Panama City, FL 32404

    Arbor Landing Mill Bayou is a luxurious community in the heart of Panama City and Lynn Haven, Florida. Our prime location will place you near Highway 231, providing quick and easy commutes to Panama City's beautiful beaches, Tyndall Air Force Base and HCA Hospital! Let us be your gateway to fun and excitement.Arbor Landing Mill Bayou offers modern one, two, and three bedroom apartment

    Arbor Landing Mill Bayou

    4201 E Highway 390, Panama City, FL 32404
  • /12

    $1,450 Per Month

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft
    • Apartment for Rent

    3039 Headland Ave Unit A, Panama City, FL 32405

    Conveniently located two bedroom unit with big yard! This duplex has just had a facelift! Improvements include brand new wood railings around the front porch, fresh exterior paint, and new gates on the fence. Both units are two bedrooms and one bathroom, with a living room and kitchen. Both sides also have individual attached storage units! This property has a lot of features that make it perfect

    Agent Photo

    Ross Ticknor

    Clubbs Real Estate Group LLC

    3039 Headland Ave Unit A, Panama City, FL 32405
  • /25

    Starting at $1,279 Per Month

    • 1 - 3 Beds

    3625 Frankford Ave, Panama City, FL 32405

    Welcome to Exchange at North Bay! Experience the epitome of apartment living in the heart of Panama City, conveniently situated at 3625 Frankfort Road, Panama City, Florida 32405. Immerse yourself in a world of premier shopping, dining, and access to top-rated schools—all within moments of your doorstep. Exchange at North Bay Apartments stands out in the crowd by redefining luxury living. We

    Exchange at North Bay

    3625 Frankford Ave, Panama City, FL 32405
  • /37

    $1,800 Per Month

    • 3 Beds
    • 1 Bath
    • 1,140 Sq Ft
    • House for Rent

    2504 W 21st St, Panama City, FL 32405

    BEAUTIFULLY RENOVATED PANAMA CITY RENTAL CLOSE TO EVERYTHINGThis impressive 3 bedroom home has been completely renovated from the studs and offers the fresh, modern feeling of a newly built home. This was not a quick fix and flip. The quality workmanship and attention to detail are evident throughout.The home features all new electrical and plumbing, a brand new kitchen with new

    Agent Photo

    Kerry Jackson

    LPT Realty LLC

    2504 W 21st St, Panama City, FL 32405
  • /79

    Starting at $1,500 Per Month

    • 1 - 3 Beds

    8604 Whelch Dr, Panama City Beach, FL 32408

    EMERALD PARK LEASING NOW - apply today on our website or visit us onsite. Welcome to Emerald Park, a new ultra-luxury apartment community in Panama City Beach, FL. Nestled between the beach and downtown, Emerald Park offers the pinnacle of coastal living in the Florida Panhandle. This boutique community offers spacious floorplans all with remarkable finishes. Emerald Park also features

    Emerald Park

    8604 Whelch Dr, Panama City Beach, FL 32408
  • /10

    $950 Per Month

    • 2 Beds
    • 1 Bath
    • 1,083 Sq Ft
    • Apartment for Rent

    2175 Frankford Ave Unit C101, Panama City, FL 32405

    Beautiful 2 Bed 2 Bath 1083 Square Ft. Unit. Spacious and Affordable! Minutes away from Historic St. Andrews!Emergency Maintenance Available

    Agent Photo

    Bridgett Hall-Cotton

    A List Beach Realty LLC

    2175 Frankford Ave Unit C101, Panama City, FL 32405
  • 723 W 19th St, Panama City, FL 32405

    Starting at $1,395 Per Month

    • 2 Beds

    723 W 19th St, Panama City, FL 32405

    Pointe Grand Panama City proudly presents two-bedroom apartments offering 1,170 square feet of open living space. These apartments feature upscale interior amenities, including wood-inspired flooring, quartz countertops, stainless steel appliances, oversized kitchen islands, LED lighting, and keyless entry. Residents also enjoy community amenities such as a 24-hour fitness center, a resort-style

    Pointe Grand Panama City

    723 W 19th St, Panama City, FL 32405
  • /23

    $3,200 Per Month

    • 3 Beds
    • 3 Baths
    • 2,658 Sq Ft
    • House for Rent

    2402 Ashland Dr, Panama City, FL 32405

    This is a beautiful home on Posten Bayou conveniently located off of 23rd street in a quiet neighborhood. This charming home has gorgeous views and easy access for fishing and water sports. Tie your boat up and enjoy a day at the island. There are 3 bedrooms, a formal living area as well as a nice den and Florida room. Original hard wood floors throughout the home. There is a separate laundry

    Agent Photo

    Samantha Tuno Holden

    Sunspot Realty, LLC

    2402 Ashland Dr, Panama City, FL 32405
  • /93

    Starting at $1,498

    Total Monthly Price

    • 1 - 3 Beds

    2002 Wilson Ave, Panama City, FL 32405

    Our brand-new community offers an unparalleled blend of comfort and sophistication. Immerse yourself in a world of indulgence with meticulously designed interiors, upscale amenities, and the perfect balance between city life and coastal relaxation. Whether you're unwinding in our resort-style pool, staying active in our state-of-the-art fitness center, or entertaining guests in our elegant

    The Kelly at 23rd Luxury Apartments

    2002 Wilson Ave, Panama City, FL 32405
  • /29

    $3,250 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,255 Sq Ft
    • House for Rent

    3541 Sanctuary Dr, Panama City, FL 32408

    FOR LEASE: Stunning 2-story luxury home in Sanctuary Beach gated community in Panama City! 4BR/2.5 BA, 2,255 sq. ft. Minutes from beaches at St. Andrews Park, golf, tennis & marinas blocks away, and steps to community pool. This home features hardwood floors throughout, 10-ft. ceilings/8 ft. doors, and abundant natural light. Gourmet kitchen with white-quartz island, Verona Italian gas range &

    Agent Photo

    George Dusoe

    Millenia Realty of Florida

    3541 Sanctuary Dr, Panama City, FL 32408
  • /79

    Starting at $1,359

    Total Monthly Price

    • 1 - 3 Beds

    3900 Arbor Trace Dr, Lynn Haven, FL 32444

    Arbor Trace Apartments offers unmatched luxury living which will make coming home the best part of your day. We are located in Lynn Haven, one of Bay counties most desirable communities. Living at Arbor Trace you'll be minutes away from Panama City Beach, family friendly fun at Leslie Porter Park and unforgettable sunsets at A.L. Kinsaul Park. Our community is convenient to Tyndall Air Force

    Arbor Trace Apartment Homes

    3900 Arbor Trace Dr, Lynn Haven, FL 32444
  • /43

    $2,500 Per Month

    • 2 Beds
    • 2 Baths
    • 815 Sq Ft
    • Condo for Rent

    5012 Gulf Dr Unit 2, Panama City, FL 32408

    Directly across the road from Beach 60 steps put you in the sand/ Rare opportunity to lease a FURNISHED ground floor 2 bedroom, 2 bath beachside condo directly across from a wide paved PUBLIC BEACH ACCESS! Seller open to month to month rental Simply walk out your front door and you are less than 60 feet from the beach access, making it incredibly easy to enjoy the sand, surf and everything Panama

    Agent Photo

    Kerry Jackson

    LPT Realty LLC

    5012 Gulf Dr Unit 2, Panama City, FL 32408
  • /27

    Starting at $1,252 Per Month

    • 1 - 2 Beds

    2204 Thomas Dr, Panama City, FL 32408

    Step off the beach and walk into your new home at Exchange at the Beach where our one and two bedrooms offer the height of luxury living in Panama City Beach, Florida. Our pet-friendly community seamlessly blends the contemporary amenities you need for a successful day with high-end perks you desire. Located in Upper Grand Lagoon, near Race City, be close to everything you need. Embrace

    Exchange at the Beach

    2204 Thomas Dr, Panama City, FL 32408
  • /50

    $3,500 Per Month

    • 1,800 Sq Ft
    • Property for Rent

    5045 E Highway 98, Panama City, FL 32404

    Welcome to this one-of-a-kind custom property with superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with brick dual sided fireplace, newly refinished wood floors, high ceilings, and modern amenities. Amazing location with easy access to main highways, high traffic, and close proximity to Tyndall Air Force Base.Spacious living

    Agent Photo

    Dennis Nelson

    Keller Williams Success Realty

    5045 E Highway 98, Panama City, FL 32404
  • /103

    Starting at $1,399 Per Month

    • 1 - 3 Beds

    3502 N Jenks Ave, Panama City, FL 32405

    Offering spacious 1, 2 and 3 bedroom apartment homes, Waterstone at Jenks is a premier luxury community nestled in the heart of Panama City, just minutes away from Panama City Beach. Situated on Jenks Avenue just North of 23rd Street and blocks away from Lynn Haven you can experience the best shopping, dining, and social atmospheres that Bay County has to offer. Each home includes a full

    Waterstone at Jenks

    3502 N Jenks Ave, Panama City, FL 32405
  • /3

    Starting at $1,440 Per Month

    • 1 - 3 Beds

    3100 Sweetbay Ave, Panama City, FL 32405

    Nestled in a thriving and scenic community, The Residences at SweetBay redefine what it means to live well. More than just a place to call home, SweetBay offers a lifestyle where luxury meets convenience, and neighbors become friends. From beautifully designed living spaces to exclusive amenities like resort-style pools, fitness centers, and lush green spaces, SweetBay creates the perfect balance

    Residences at SweetBay

    3100 Sweetbay Ave, Panama City, FL 32405
  • /150

    Starting at $1,329 Per Month

    • 1 - 3 Beds

    2950 Harrison Ave, Panama City, FL 32405

    Welcome to your new home at The Enclave in Panama City, Florida. Our ideal location places you just minutes from Gulf beaches, Pier Park shopping and great local restaurants. With easy access to major thoroughfares, State Highway 77 and 231, The Enclave is an easy drive to Tyndall Air Force Base and HCA Hospital. The Enclave offers spacious floor plans with one, two, and three bedroom

    The Enclave

    2950 Harrison Ave, Panama City, FL 32405
  • /53

    Starting at $1,199 Per Month

    • 1 - 3 Beds

    4141 E 15th St, Panama City, FL 32404

    Come enjoy relaxing a relaxing community in the heart of Springfield. Where you will have amenity access to a 24 hr. dog park, 24 hr. Gym, residential lounge area and brand-new pool! We have full renovated and classic units to meet all price points. Including 1bed 1 bath, 2bed 2 bath and 3 bed 2 bath unit layouts.

    Westshore Palms

    4141 E 15th St, Panama City, FL 32404
  • /89

    Starting at $1,309 Per Month

    • 1 - 3 Beds

    2870 Harrison Ave, Panama City, FL 32405

    Make Eagles Landing your new home. Our community is conveniently located a few miles from the Gulf Beaches, the Panama City Marina and 15 to 20 minutes from Tyndall Air Force Base and HCA hospital. Enjoy shopping at Per Park and local dining. We love our furry residents at Eagles Landing offering a pet park and pet washing station. You'll also enjoy our resort style pool with sun shelves and

    Eagles Landing Luxury Apartment Homes

    2870 Harrison Ave, Panama City, FL 32405
  • /46

    Starting at $1,425 Per Month

    • 1 - 3 Beds

    2121 Harrison Ave, Panama City, FL 32405

    a { text-decoration: none; color: rgba(70, 79, 235, 1) }tr th, tr td { border: 1px solid rgba(230, 230, 230, 1) }tr th { background-color: rgba(245, 245, 245, 1) }Welcome to Lory of Panama City, a thoughtfully designed apartment community offering modern living in one of Florida's most desirable Gulf Coast destinations. Featuring spacious apartment homes, inviting community

    The Lory of Panama City

    2121 Harrison Ave, Panama City, FL 32405
  • /15

    Starting at $1,016 Per Month

    • 1 - 3 Beds

    1914 Frankford Ave, Panama City, FL 32405

    Welcoming Affordable Living in Panama City. Choose from a selection of one, two, and three-bedroom residences designed for comfortable everyday living. Andrews Place offers spacious layouts with bright interiors and practical features that make home feel easy and inviting. Each apartment is thoughtfully designed to provide a warm, functional atmosphere with the space you need to live, relax, and

    Andrews Place Apartments

    1914 Frankford Ave, Panama City, FL 32405
  • /34

    Starting at $1,293 Per Month

    • 1 - 3 Beds

    98 Richard Jackson Blvd, Panama City, FL 32407

    TOUR YOUR WAY! We have a tour to fit your needs- virtual, self-guided, or agent-guided. Enjoy salt air and relaxed living at the MAA Emerald Coast apartment community in Panama City Beach, FL. These charming one-, two-, and three-bedroom apartment homes feature screened porches, perfect for enjoying the salt air. Many homes have spa-style bathrooms or fireplaces for added luxury. Lounge beside

    MAA Emerald Coast

    98 Richard Jackson Blvd, Panama City, FL 32407
  • /50

    Starting at $2,303

    Total Monthly Price

    • 3 - 5 Beds

    Unlisted Address

    Welcome to Sunset Village, where the living is easy, and the sun sets gently over the sea. Our housing for rent in Panama City, Florida has the tranquility of nature embedded into its very fiber while also being well-connected to urban conveniences. Pets welcome!The three, four, and five-bedroom floor plans our community offers can adapt to any lifestyle. Thanks to its open-concept layouts,

    Sunset Village

    Unlisted Address
  • /50

    Starting at $1,256 Per Month

    • 1 - 3 Beds

    2401 Stanford Rd, Panama City, FL 32405

    Discover the perfect blend of modern comfort and coastal convenience at Stanford Pointe in Panama City, Florida. This refreshing community offers spacious one, two, and three-bedroom floor plans featuring upscale finishes like granite or quartz countertops, stainless steel appliances, and private patios or balconies. Residents enjoy a lifestyle of ease with an impressive array of amenities,

    Stanford Pointe

    2401 Stanford Rd, Panama City, FL 32405
  • /17

    Starting at $1,401

    Total Monthly Price

    • 1 - 2 Beds

    2203 Beck Ave, Panama City, FL 32405

    Welcoming new residents to the conveniently located community of Westwood Village, which include unit layouts of 1bed 1bath and 2bed with a half bath townhouse. This community has a onsite laundry facility, and soon to be completely renovated pool and pool area!

    Westwood Village

    2203 Beck Ave, Panama City, FL 32405
  • /2

    Starting at $1,151 Per Month

    • 2 - 3 Beds

    1318 Saint Andrews Blvd, Panama City, FL 32405

    Tranquility at St. Andrews is a BRAND NEW community conveniently located near multiple shopping and dining options. We offer two and three bedroom apartment homes beautifully styled for your comfort. Our community features a fitness center as well as a business center. Each home is supplied with kitchen appliances plus a full-sized washer and dryer. To learn more about our community, contact our

    Tranquility at Saint Andrews

    1318 Saint Andrews Blvd, Panama City, FL 32405
  • /50

    Starting at $1,373 Per Month

    • 1 - 3 Beds

    4800 N Star Ave, Panama City, FL 32404

    Welcome Home to North Bay Landing, the premier luxury apartment community located in the picturesque town of Panama City, FL! Our prime location provides easy access to Highway 390 and 231, perfectly convenient for work, school, entertainment, and dining. We’re located just 14 miles from Tyndall Air Force Base, making our community an ideal home for military personnel and their families! Plus,

    North Bay Landings

    4800 N Star Ave, Panama City, FL 32404
  • /15

    Starting at $1,600 Per Month

    • 2 - 3 Beds

    4420 Delwood Ln, Panama City, FL 32408

    Tranquility is a brand new property located near Bay Point. 2 and 3 BR's, close to restaurants, shopping, beaches, and the Navy base. Loads of storage, and every unit has a private balcony. Locally owned and managed. Tranquil, wooded setting.

    Tranquilty at Bay Point

    4420 Delwood Ln, Panama City, FL 32408
  • /32

    Starting at $935 Per Month

    • Studio - 2 Beds

    425 E 19th St, Panama City, FL 32405

    Complete Renovation in 2020, including new interiors, exterior, and landscaping.

    Northgate Terrace I

    425 E 19th St, Panama City, FL 32405
  • /8

    Starting at $1,295 Per Month

    • 2 Beds

    1406 S Berthe Ave, Panama City, FL 32404

    Find the perfect space you have been looking for in a community that welcomes you right in. Featuring updated, pet-friendly two bedroom apartments with all the extras that make life easier, Bayside Villas is the home you have been searching for. Our community in Bay County is centrally located for convenience and entertainment with easy access to shops, restaurants, parks, water access

    Bayside Villas

    1406 S Berthe Ave, Panama City, FL 32404
  • /7

    Starting at $1,605 Per Month

    • 2 - 3 Beds

    1800 Florida Ave, Panama City, FL 32405

    Live Elevated at Sovereign at North Bay Apartments – Panama City’s Premier Coastal Living DestinationWelcome to Sovereign at North Bay, where upscale comfort meets unbeatable convenience in the heart of Panama City. Nestled at 1800 Florida Avenue, this new construction property will offer beautifully designed apartment homes with the perfect blend of modern style, serene surroundings, and

    Sovereign at North Bay

    1800 Florida Ave, Panama City, FL 32405
  • /36

    Starting at $1,180 Per Month

    • 2 - 3 Beds

    2909 Minnesota Ave, Panama City, FL 32405

    Pinnacle at Hammock Place, a smoke free community simply surpassing the rest! A unique community designed with you in mind. From the spacious, modern floor plans to the fabulous amenities, the attention to detail is obvious.Choose from roomy 1, 2 and 3 bedroom apartment homes featuring large “open air” living, dining and kitchen areas and large bedrooms with ample closet space. Please call

    Pinnacle at Hammock Place

    2909 Minnesota Ave, Panama City, FL 32405
  • /29

    Starting at $1,240 Per Month

    • 1 - 3 Beds

    4324 W 20th St, Panama City, FL 32405

    Welcome to Turtle Lake Apartments in Panama City, FL - a welcoming community offering spacious one, two, and three-bedroom homes designed for comfort and convenience. Whether you're a student, military personnel, or working professional, Turtle Lake delivers value-packed living in a serene, well-connected neighborhood.Quick access to Highway 98 puts you close to everything Panama City has

    Turtle Lake

    4324 W 20th St, Panama City, FL 32405
  • /26

    Starting at $1,195

    Total Monthly Price

    • 1 - 2 Beds

    160 N Fox Ave, Panama City, FL 32404

    Welcome Home! Tyndall Pointe Apartments are a quiet & cozy community located in Panama City, Florida; only 6 miles away from Tyndall Air Force Base. Also, within a few minutes of fine restaurants, plenty of great shopping's and entertainment.Hwy 231 is easily accessible from our property, allowing for a quick drive to Panama City's beautiful beaches and Northwest Florida Beaches

    Tyndall Pointe Townhomes

    160 N Fox Ave, Panama City, FL 32404
  • /35

    Starting at $1,690 Per Month

    • 3 Beds

    263 Nelle Ave, Panama City, FL 32404

    Welcome to Ava Kay Townhomes, offering pet-friendly townhomes for rent in Panama, Florida! With three-bedroom floorplans each packed with ample amenities, there's something for everyone here at Ava Kay. Each townhome comes equipped with a patio/balcony, full kitchens, washer and dryer connections and so much more. Residents of our community enjoy our waterfront views, serene picnic areas and

    Ava Kay Townhomes

    263 Nelle Ave, Panama City, FL 32404
  • /40

    Starting at $1,220

    Total Monthly Price

    • 1 - 3 Beds

    3913 Pisa Dr, Panama City, FL 32405

    Elevate your everyday at Aztec Villa, where thoughtful design meets a prime Florida location. These residences provide the perfect foundation for a functional and relaxed coastal lifestyle.All-Electric Kitchen | Dishwasher | Refrigerator | Pantry | Walk-in Closets | Central Air and Heating | Private Balcony or Patio | Carpeted Floors | Mini and Vertical Blinds | 1, 2, and 3 Bedroom

    Aztec Villa Apartments

    3913 Pisa Dr, Panama City, FL 32405
  • /13

    $2,350

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,700 Sq Ft
    • House for Rent

    6714 Fox Lake Dr, Panama City, FL 32404

    Newer (2023) 4BR Home w/ Fenced Yard & Screened Porch – 10-15 mins to Tyndall AFB4 Bedrooms | 2 Bathrooms | 2-Car Garage | 1,700 sq ftLocated in an established neighborhood just 10–15 minutes from Tyndall AFB. This home offers modern comfort and functional space.Interior Features:•Open-concept floor plan connecting kitchen, dining, and living areas•Granite countertops

    6714 Fox Lake Dr, Panama City, FL 32404
  • /26

    $1,719

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 742 Sq Ft
    • Condo for Rent

    8115 Thomas Dr Unit SI FL2-ID1355040P, Panama City, FL 32408

    The advertised rate of $1,719/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 27, 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

    8115 Thomas Dr Unit SI FL2-ID1355040P, Panama City, FL 32408

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Why Live in Panama City

Panama City, located in the Florida Panhandle, is a historic community overlooking St. Andrew Bay, just minutes from the Emerald Coast's beaches. Unlike its neighboring Panama City Beach, Panama City is home to more full-time residents and offers a residential lifestyle with access to vacation-like attractions. The city is undergoing significant infrastructure revitalization, focusing on upgrading sewage and drinking water systems and repairing damage from Hurricane Michael. Housing options include primarily three-bedroom bungalows and cottages, with some newly built luxury homes and condos offering waterfront views. The median home price is around $305,000. St. Andrew Bay is central to local life, with many residents spending time on the water, utilizing marinas like St. Andrew Marina and visiting nearby Shell Island. The revitalizing Historic Downtown district features new restaurants, cobblestone streets, and a historic movie theater, with Harrison Avenue hosting pubs, bars, boutiques, and coffee shops. The Panama City Farmers Market and several seafood restaurants in the Historic St. Andrew neighborhood add to the local charm. The city also boasts a growing arts community, with art galleries, the Martin Theatre, and the CityArts Cooperative. Schools in Panama City are highly rated, including the Rising Leaders Academy, North Bay Haven Charter Academy High School, and A. Crawford Mosley High School. The BayWay bus system provides public transportation, and the Northwest Florida Beaches International Airport is about 23 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Panama City, FL?
The median rent for a home in Panama City, FL is $1,900 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Panama City, FL?
To comfortably afford the median rent in Panama City, FL, a household needs to earn roughly $76,000 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 $1,900 per month in Panama City, FL, renters typically need to show $5,700 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, FL?
In Panama City, FL, the price-to-rent ratio is 13.8, 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.
What neighborhoods in Panama City, FL are best for renting a home?
The best neighborhood for renting in Panama City, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown North, South Panama City, Millville, Saint Andrews and East Panama City, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
357
Median Rent
$1,900
Median Single Family Home Rent
$1,950
Median Townhouse Rent
$1,350
Median Condo Rent
$1,504
How to Rent a Home