Townhomes For Rent in Panama City, FL

27 rentals

Apartments For Rent Near Panama City, FL

We found 30 more apartments matching your filters just outside Panama City

Average Rent Trends in Panama City, FL

Rent in Panama City, FL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Jun 2025$1,700
Jul 2025$1,600
Aug 2025$1,700
Sep 2025$1,725
Oct 2025$1,700
Nov 2025$1,650
Dec 2025$1,500
Jan 2026$1,600
Feb 2026$1,525
Mar 2026$1,650
Apr 2026$1,650
May 2026$1,650
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,223$1,495$2,000$2,300$1,800
Townhomes$1,345$1,450$1,695—$1,500
Apartments and Condos$1,236$1,400$1,595$750$1,400
Houses$1,100$1,650$2,100$2,300$2,100
See more information about local market trends in Panama City, FL

Frequently Asked Questions about Townhomes for rent in Panama City, FL

  • What is the average rent of a townhome in Panama City, FL?
    The average rent of a townhome in Panama City, FL is $1,500 per month. This is about 22% lower than the national average.
  • When is the average rent cheapest in Panama City, FL?
    In the last year, the average rent in Panama City, FL was lowest in Apr 2025 when it was $1,500 per month.
  • When is the average rent most expensive in Panama City, FL?
    In the last year, the average rent in Panama City, FL was highest in Feb 2025 when it was $1,790 per month.
  • How many townhomes are available to rent in Panama City, FL?
    There are 31 available townhomes to rent in Panama City, FL.
  • What are some neighborhoods in Panama City, FL?
    Some neighborhoods in Panama City, FL include: Cedar Grove, Pretty Bayou, Hiland Park.
  • What are some zip codes in Panama City, FL?
    Panama City, FL includes zip codes such as: 32404, 32405, 32401, 32402, 32406.
  • What are some cities near Panama City, FL?
    Some nearby cities include: Callaway, Springfield, Parker, Tyndall AFB, Lynn Haven. These cities may have more rental options to explore.