Panama City Beach, FL Rental Market Trends
Highlights
The average rent for an apartment in Panama City Beach is $1,420, a 7% decrease compared to the previous year, when the average rent was $1,533.
Average Rent in Panama City Beach, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,420 | -7% | 1,050 sq. ft. |
The average size for a Panama City Beach, FL apartment is 1,050 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
- $701-$1,0008%
- $1,001-$1,50066%
- $1,501-$2,00023%
- > $2,0003%
Panama City Beach, FL Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
2,187 or 39% of the households in Panama City Beach, FL are renter-occupied while 3,303 or 60% are owner-occupied.
Panama City Beach, FL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Panama City Beach, FL | $1,246 | $1,246 | $1,300 | $1,434 | $1,541 | $1,533 | $1,419 | $1,390 | $1,420 |
| National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
How Panama City Beach Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,159 | 5% |
| Kissimmee | $1,358 | -2% |
| Tampa | $1,395 | 3% |
| Miami | $1,697 | -1% |
| Orlando | $1,389 | -3% |
| Fort Walton Beach | $1,195 | 5% |
| Panama City Beach | $1,420 | -7% |
| Panama City | $1,110 | 2% |
| Wright | $1,291 | 5% |
| Callaway | $1,043 | 2% |
| Destin | $1,595 | 2% |
For more information about the Panama City Beach rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!