Average Rent in Panama City, FL

Panama City rentals average $1,094 for a 2-bedroom rental to $1,795 for a 3-bedroom rental. The median price of all currently available listings is $1,450, or roughly $15 per square feet.

For the apartment units and housing in June 2026, median rents have risen over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $18 to $18. 1-bedroom rentals prices have increased by $81 (8.39%) year-over-year from $969 to $1,050. 2-bedroom rentals prices have decreased by $473 (-30.17%) year-over-year from $1,567 to $1,094. 3-bedroom rentals prices have decreased by $255 (-12.44%) year-over-year from $2,050 to $1,795. 4-bedroom rentals prices have increased by $450 (16.98%) year-over-year from $2,650 to $3,100. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.59% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.