What's the average rent in Panama City, FL?
Rental Market Trends in Panama City, FL
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Panama City, FL is $1,950 per month, which is about the same as the national average rent of $1,948 per month.
AVERAGE RENT
$1,950
1.3%$25 increase month-over-month
2.6%$50 increase year-over-year
AVAILABLE RENTALS
219
APARTMENTS
HOUSES
TOWNHOUSES
As of September 2026, apartments are the most affordable rental option in Panama City, FL at $1,392 per month, while houses are the most expensive at $2,200 per month. Townhomes average $1,650 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,389 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,995 |
| 4 Bedrooms | $2,274 |
| All | $1,950 |
As of September 2026, the average rent for a 1 bedroom rental in Panama City, FL is $1,389 per month, followed by $1,450 for a 2 bedroom rental, $1,995 for a 3 bedroom rental, and $2,274 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,525 |
| 3 Bedrooms | $1,795 |
| 4 Bedrooms | $2,100 |
| All | $1,650 |
As of September 2026, the average rent for a 1 bedroom townhome in Panama City, FL is $1,450 per month, followed by $1,525 for a 2 bedroom townhome, $1,795 for a 3 bedroom townhome, and $2,100 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,606 |
| 4 Bedrooms | $2,300 |
| All | $1,500 |
As of September 2026, the average rent for a 1 bedroom apartment in Panama City, FL is $1,500 per month, followed by $1,450 for a 2 bedroom apartment, $1,606 for a 3 bedroom apartment, and $2,300 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,325 |
| 3 Bedrooms | $2,099 |
| 4 Bedrooms | $2,274 |
| All | $2,200 |
As of September 2026, the average rent for a 1 bedroom house in Panama City, FL is $1,600 per month, followed by $1,325 for a 2 bedroom house, $2,099 for a 3 bedroom house, and $2,274 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +1% compared to the previous year, which is a +$25 increase.
This year (2026)
Last year (2025)
Rent distribution
42% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $450 to $5,136.
