Rentometer, Inc. | Data as of 10/22/2025
Panama City‑Panama City Beach forms a vibrant metro corridor along Florida’s sunny Gulf Coast, offering a blend of beachfront lifestyle, historic downtown charm, and thriving commercial hubs. Renters enjoy easy access to popular attractions such as St. Andrews State Park, the bustling Bayfront district, and the family‑friendly shoreline of Panama City Beach. The area’s diverse neighborhoods—ranging from the renovated lofts of downtown Panama City to the resort‑style developments near Shell Beach—provide a variety of living environments that cater to young professionals, growing families, and seasonal residents alike.
Housing options reflect this diversity, with both apartments and single‑family homes meeting a broad spectrum of needs. Apartment studios typically rent in the $1200s, while larger two‑ and three‑bedroom units move into the $1600‑$2000 range, offering modern amenities and convenient proximity to shopping, dining, and the waterfront. For those seeking more space, house rentals start in the $1000s for compact units and climb into the $2500‑$2600 range for expansive four‑plus bedroom homes, often featuring private yards and easy beach access. Whether you’re attracted by the lively nightlife of the Canal Street entertainment district or the serene coastal trails of Conservation Park, Panama City‑Panama City Beach delivers a dynamic rental market that balances affordability with the allure of coastal living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,231 | $1,100 | $900 - $1,935 | $905 - $1,500 |
| Apartment | 1 Bedroom | $1,363 | $1,405 | $299 - $3,000 | $1,228 - $1,550 |
| Apartment | 2 Bedroom | $1,653 | $1,669 | $607 - $2,800 | $1,420 - $1,815 |
| Apartment | 3 Bedroom | $2,000 | $2,017 | $1,049 - $3,700 | $1,674 - $2,259 |
| Apartment | 4+ Bedroom | $1,987 | $1,917 | $1,293 - $2,823 | $1,735 - $2,823 |
| House | 1 Bedroom | $1,332 | $1,000 | $500 - $4,100 | $900 - $1,300 |
| House | 2 Bedroom | $1,964 | $1,800 | $895 - $3,600 | $1,495 - $2,500 |
| House | 3 Bedroom | $2,194 | $2,050 | $1,195 - $4,500 | $1,800 - $2,500 |
| House | 4+ Bedroom | $2,611 | $2,500 | $1,600 - $4,500 | $2,350 - $2,850 |
In the current period, the average rent in Panama City-Panama City Beach, FL was $1,130 for Studio, $1,352 for 1 Bedroom, $1,780 for 2 Bedroom, $2,152 for 3 Bedroom, and $2,525 for 4+ Bedroom.
Data provided by Rentometer, Inc.