Apartments for Rent in Panama City Beach, FL

Prices and availability in Panama City Beach, FL were last updated on 7 Jul 2026.

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

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 $1,369 and $3,000.

The price range for a 1-bedroom apartment in Panama City Beach, FL is between $1,200 and $3,235.

The price range for a 2-bedroom apartment in Panama City Beach, FL is between $1,283 and $4,017.

The price range for a 3-bedroom apartment in Panama City Beach, FL is between $1,283 and $4,909.

In Panama City Beach 41% of the housing is rented out compared to 59% of homes are owned, according to the most recent Census Bureau estimates. 22% of Panama City Beach's apartments are found in large buildings of 50 units or more, 64% are located in smaller apartment complexes with less than 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.