Apartments for Rent in Panama City Beach, FL

Prices and availability in Panama City Beach, FL were last updated on 30 Sep 2026.

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

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 $1,358 and $2,851.

The price range for a 1-bedroom apartment in Panama City Beach, FL is between $1,118 and $3,269.

The price range for a 2-bedroom apartment in Panama City Beach, FL is between $1,118 and $4,242.

The price range for a 3-bedroom apartment in Panama City Beach, FL is between $1,118 and $5,029.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Panama City Beach are about 11 years old, on average. Of these, 89% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 95% of the rental communities here are low-rise, garden-style communities, 5% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Panama City Beach are around 0.4% of rentals, while 1-bedroom floor plans represent 34% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.