Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Panama City Beach, FL Rental Market Trends
What is the average rent in Panama City Beach?
The average rent for an apartment in Panama City Beach is $1,748. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Panama City Beach, FL
Last updated October 2021
| Average Rent | Average Apartment Size |
|---|---|
| $1,748 | 1,014 sq. ft. |
What is the average apartment size in Panama City Beach?
The average size for a Panama City Beach, FL apartment is 1,014 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Panama City Beach, FL Apartment Rent Ranges
Panama City Beach, FL Occupied Housing Units
2,335 or 41% of the households in Panama City Beach, FL are renter-occupied while 3,257 or 58% are owner-occupied.
Panama City Beach, FL Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Oct / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Panama City Beach, FL | $1,337 | $1,335 | $1,475 | $1,560 | $1,537 | $1,424 | $1,415 | $1,408 | $1,431 | $1,616 | $1,748 |
| National | $1,331 | $1,340 | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
How Panama City Beach Compares to Other Cities
| City | Average Rent |
|---|---|
| Jacksonville | $1,411 |
| Kissimmee | $1,576 |
| Orlando | $1,733 |
| Tampa | $1,762 |
| Cape Coral | $1,691 |
| Tallahassee | $1,396 |
| Fort Walton Beach | $1,429 |
| Panama City Beach | $1,748 |
| Daphne | $1,210 |
| Pensacola | $1,338 |
| Foley | $1,073 |
Most Popular Apartments in Panama City Beach
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Panama City Beach apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.