Panama City Beach, FL Rental Market Trends
Last updated: May 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Panama City Beach is $1,696, a 0.53% increase compared to the previous year, when the average rent was $1,687.
One-bedroom apartments provide 774 square feet for $1,494, balancing privacy and affordability.
Two-beedroom units at $1,751 offer 1,128 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,341 sq ft) for $2,058, suitable for larger households.
Average rent in Panama City Beach, FL
Last updated: May 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,696 | 1,024 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,494 | 774 sq. ft. |
| 2 Beds | $1,751 | 1,128 sq. ft. |
| 3 Beds | $2,058 | 1,341 sq. ft. |
Panama City Beach, FL rent trends
Rental prices in Panama City Beach, FL have increased by 0.53% over the past year. The average rent moved from $1,687 to $1,696.
What's the typical rent budget in Panama City Beach, FL?
The largest share of rentals in Panama City Beach, FL (59%) 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?
3,553 or 41% of the households in Panama City Beach, FL are renter-occupied while 5,160 or 59% are owner-occupied.
How Panama City Beach Compares to Other Cities
| City | Average Rent |
|---|---|
| Panama City Beach | $1,696 |
| Jacksonville | $1,504 |
| Miami | $2,770 |
| Tampa | $2,010 |
| Kissimmee | $1,804 |
| Orlando | $1,792 |
| Fort Myers | $1,727 |
| Cape Coral | $1,708 |
| West Palm Beach | $2,455 |
| Miami Beach | $3,612 |
| Port St. Lucie | $2,125 |
| Panama City, FL | $1,545 |
| Fort Walton Beach, FL | $1,593 |
| Lynn Haven, FL | $1,555 |
| Destin, FL | $1,981 |
| Callaway, FL | $1,426 |
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.