Rentometer, Inc. | Data as of 10/22/2025
Panama City Beach offers a vibrant rental market that balances coastal charm with modern convenience, making it a top choice for both seasonal visitors and year‑round residents. With a mix of apartments and single‑family homes, renters can find everything from sleek studio units near the shoreline to spacious family houses in quiet, tree‑lined neighborhoods. The area’s appeal is amplified by its famous white‑sand beaches, the bustling Pier Park shopping district, and easy access to popular attractions such as Gulf World Marine Park and St. Andrews State Park.
Apartment seekers will discover a broad spectrum of options, from studios that typically rent in the $1500 range to larger three‑ and four‑plus bedroom units that command rates in the $1900‑$2200 bracket. One‑ and two‑bedroom apartments are commonly found in the $1600‑$1800 range, offering modern amenities and proximity to downtown dining and entertainment. For those preferring a house, two‑bedroom homes often fall within the $2000 range, while three‑ and four‑plus bedroom homes can range from the $2600s up to the $3400 level, providing ample space for families or groups seeking a comfortable, home‑like environment.
Neighborhoods such as Emerald Coast, St. George Island, and the historic Miracle Strip blend affordable living with a strong sense of community, while newer developments near the marina cater to professionals and retirees alike. Whether you’re drawn by the lively boardwalk scene, water‑sports opportunities, or the relaxed suburban feel, Panama City Beach’s rental market delivers diverse housing choices that suit a wide array of lifestyles and budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,380 | $1,425 | $900 - $1,935 | $1,100 - $1,500 |
| Apartment | 1 Bedroom | $1,600 | $1,498 | $600 - $3,000 | $1,223 - $1,911 |
| Apartment | 2 Bedroom | $1,872 | $1,770 | $1,016 - $2,800 | $1,555 - $2,300 |
| Apartment | 3 Bedroom | $1,941 | $1,960 | $940 - $2,985 | $1,650 - $2,174 |
| Apartment | 4+ Bedroom | $2,219 | $1,895 | $1,293 - $3,469 | $1,293 - $3,469 |
| House | 2 Bedroom | $1,999 | $1,997 | $1,400 - $2,600 | $1,700 - $2,300 |
| House | 3 Bedroom | $2,678 | $2,695 | $1,595 - $4,500 | $2,250 - $2,900 |
| House | 4+ Bedroom | $3,225 | $3,350 | $1,950 - $4,500 | $2,800 - $3,800 |
In the current period, the average rent in Panama City Beach was $1,381 for Studio, $1,577 for 1 Bedroom, $1,903 for 2 Bedroom, $2,449 for 3 Bedroom, and $3,030 for 4+ Bedroom.
Data provided by Rentometer, Inc.