Callaway

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Callaway, FL

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Laidback bayfront living near Tyndall AFB

Suburban Affordable Scenic Bayfront Military-Friendly

Situated just five miles east of Panama City, Callaway is a largely residential community located just across the East Bay from Tyndall Air Force Base. Callaway’s close proximity to the base makes it a popular choice for many military members and their families along with its secluded, small-town atmosphere.

Callaway offers an array of townhomes, houses, and apartments available for rent in a laidback locale. Although the community is mostly residential, Callaway touts a bevy of everyday conveniences along Tyndall Parkway and Wewa Highway—the community’s major thoroughfares. Callaway also boasts plenty of options for outdoor recreation at the local Veterans Park and Under the Oaks Park in addition to nearby Saint Andrews State Park and Panama City Beach.

Rent Trends

As of March 2025, the average apartment rent in Callaway, FL is $915 for two bedrooms, and $1,900 for three bedrooms. Apartment rent in Callaway has increased by 1.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$0/month
0 Sq Ft
House
$1,950/month
1,568 Sq Ft
Townhome
$1,384/month
1,090 Sq Ft
See Rental Market Trends in Callaway, FL

Transportation

35

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

39

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Points of Interest

Parks and Recreation

  • Science and Discovery Center of Northwest Florida

Airports

  • Northwest Florida Beaches International

Top Apartments in Callaway

Houses for Rent in Callaway

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.