Panama City Beach, FL Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Panama City Beach is $1,704, a 2.38% increase compared to the previous year, when the average rent was $1,665.
Studio Apartments at $1,200 offer the most budget-friendly option with 437 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 769 square feet for $1,478, balancing privacy and affordability.
Two-beedroom units at $1,774 offer 1,120 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,328 sq ft) for $2,023, suitable for larger households.
Average rent in Panama City Beach, FL
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,704 | 1,025 sq. ft. |
| Studio | $1,200 | 437 sq. ft. |
| 1 Bed | $1,478 | 769 sq. ft. |
| 2 Beds | $1,774 | 1,120 sq. ft. |
| 3 Beds | $2,023 | 1,328 sq. ft. |
Panama City Beach, FL rent trends
Rental prices in Panama City Beach, FL have increased by 2.38% over the past year. The average rent moved from $1,665 to $1,704.
What's the typical rent budget in Panama City Beach, FL?
The largest share of rentals in Panama City Beach, FL (45%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Panama City Beach, FL?
3,211 or 38% of the households in Panama City Beach, FL are renter-occupied while 5,259 or 62% are owner-occupied.
How Panama City Beach Compares to Other Cities
| City | Average Rent |
|---|---|
| Panama City Beach | $1,704 |
| Jacksonville | $1,489 |
| Cape Coral | $1,691 |
| Kissimmee | $1,813 |
| Tampa | $1,997 |
| Miami | $2,710 |
| Fort Myers | $1,741 |
| North Port | $1,715 |
| Lakeland | $1,507 |
| Orlando | $1,793 |
| Port St. Lucie | $2,146 |
| Panama City, FL | $1,543 |
| Lynn Haven, FL | $1,549 |
| Fort Walton Beach, FL | $1,557 |
| Callaway, FL | $1,382 |
| Destin, FL | $1,941 |
| Springfield, FL | $1,151 |
| Niceville, FL | $2,096 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Panama City Beach apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.