Rent Trends for Apartments in Panama City

May 2026

Bedroom count	Panama City	vs Last Month
Studio	$1,325	up 0.99%
1 Bedroom	$1,229	up 5.49%
2 Bedroom	$1,250	down 2.34%
3 Bedroom	$1,850	No change
4 Bedroom	$2,300	down 3.97%

Median rent as of May 3, 2026

This May, we've analyzed our 219 listings in Panama City to determine the rent trend. We're updating our tables in real time to give you the most up to date Panama City median apartment rent prices by bedroom count.

The median rent for a studio apartment remained the same at $1,325, while the median rent for a 1 bedroom apartment decreased by 5.46% to $1,229.

Cities Near Panama City

Lynn Haven Apartments Cedar Grove Apartments Springfield Apartments Pretty Bayou Apartments Parker Apartments Callaway Apartments Tyndall AFB Apartments Upper Grand Lagoon Apartments Lower Grand Lagoon Apartments Panama City Beach Apartments

Top Neighborhoods in Panama City

Bunkers Cove Apartments Venetian VIllas Apartments Mayfield Apartments Bay VIew Apartments Gwaltney Estate Apartments Old Orchard Apartments College Point Apartments Bayside Apartments

Apartment Types in Panama City

Pet Friendly Apartments in Panama City Cheap Apartments in Panama City Luxury Apartments in Panama City Short Term Rentals in Panama City

Find Your Dream Apartment for Rent in Panama City

PadMapper has 219 condos, houses, and apartments for rent in Panama City. Specifically, studio apartments, 7 one-bedroom apartments, 4 two-bedroom apartments, 10 three-bedroom apartments are currently available for rent.

We have options to filter by price, bedroom count, bathroom count, long-term or short-term, housing type, pet friendly, no broker fee, and you can search for an apartment by custom keywords.

Search › Florida › Panama City › Luxury