Apartments for Rent in Panama City Beach, FL

Prices and availability in Panama City Beach, FL were last updated on 22 Jun 2026.

The best apartments in Panama City Beach, FL are: Watermark at Urban Blu, 10X Panama City Beach, 10X Breakfast Point, 10X Retreat at PCB and Parkside at the Beach.

The average rent in Panama City Beach, FL is $1,743.

The price range for a studio apartment in Panama City Beach, FL is between $1,425 and $3,285.

The price range for a 1-bedroom apartment in Panama City Beach, FL is between $1,118 and $3,735.

The price range for a 2-bedroom apartment in Panama City Beach, FL is between $1,118 and $4,119.

The price range for a 3-bedroom apartment in Panama City Beach, FL is between $1,283 and $5,854.

In Panama City Beach, 41% of the residents are renting compared to 59% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 22% of Panama City Beach's rentals, 64% are small-scale complexes with under 50 units, and 14% are single-family rentals.

The average age of rental buildings in Panama City Beach is 11 years old, with 89% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 5% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Panama City Beach come in a range of sizes and floorplans. Studio apartments represent 0.4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 34% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Panama City Beach. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.