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Rent in Panama City, FL: Prices & Apartments for Rent

As of October 17, 2026, the median asking rent for a 2-bedroom in Panama City, FL is $1,460/month, based on 64 active listings on Redfin, Zillow and ApartmentHomeLiving. 3+ bedroom: $2,100 (169 listings).

That is 35% below the Florida 2-bedroom median of about $2,250. Nearby, the 2-bedroom median ranges from $1,368 in Crestview to $2,800 in Miramar Beach.

Updated · 487 listings. Prices are advertised asking rents; check availability on the original listing. How we calculate

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Median rent in Panama City

From listings with a single price and a single bedroom count. Fewer than 20 such listings and we leave the figure out.

Studio
—
1 listing
1 bedroom
—
13 listings
2 bedrooms
$1,460
64 listings
3+ bedrooms
$2,100
169 listings

Rentals in Panama City

See all 487 on the map →

Renting in Panama City: common questions

How many rentals are available in Panama City, FL?
487 rentals are listed in Panama City, FL on Redfin, Zillow and ApartmentHomeLiving as of October 17, 2026, after removing listings that appear on more than one site.
How are these rent prices calculated?
We collect active listings from Redfin, Zillow and ApartmentHomeLiving, remove duplicates across sites, and take the median of asking rents for listings with one price and one bedroom count. If fewer than 20 listings qualify for a bedroom size, we leave that figure out. Read the full methodology
How much income do I need to rent in Panama City, FL?
Many landlords ask for gross income of at least 3 times the monthly rent. For a median 2-bedroom at $1,460/month, that is about $4,380 a month, or $52,560 a year.
What is the cheapest city near Panama City, FL to rent in?
Among nearby cities we track, Crestview, FL has the lowest median 2-bedroom rent at $1,368/month, $92 less than Panama City.

Rent in cities near Panama City

All cities in Florida · Cheapest places to rent in Florida · Embed this data