Panama City Beach

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Panama City Beach, FL

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Panama City Beach is known world-wide for their fabulous beaches!

Coastal Shopping Tourism Boating Florida

Panama City Beach is a coastal city with beautiful white-sand beaches – it’s what they’re known for! It’s a vacation destination on the Gulf, referred to as PCB (by the tourists, anyway). The city is located on the Florida Panhandle with miles of beachfront activities. To many it’s a spring break hotspot but to you, it is home. Pier Park is an upscale outdoor mall with a variety of shops and eateries. Sometimes there will be live music playing in the background as you shop and dine your way through.

When you live in PCB, you’ll have an abundance of water activities, such as parasailing and boating, at your fingertips. A variety of amusement parks call this place home. Visitors and locals alike enjoy the dolphin exhibit at Gulf World Marine and splash zones at Shipwreck Island. If golf is more you thing, Panama City Beach has it too. Numerous seaside restaurants are in walking distance of area apartments. Saint Andrews State Park’s natural landscape, hiking trails, and fishing piers appease residents and visitors of PCB.

Rent Trends

As of April 2025, the average apartment rent in Panama City Beach, FL is $1,084 for a studio, $1,409 for one bedroom, $1,663 for two bedrooms, and $1,955 for three bedrooms. Apartment rent in Panama City Beach has decreased by -3.9% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,409/month
784 Sq Ft
House
$2,740/month
1,573 Sq Ft
Condo
$2,220/month
1,143 Sq Ft
Townhome
$1,923/month
1,124 Sq Ft
See Rental Market Trends in Panama City Beach, FL

Transportation

36

Car-Dependent

out of 100 WalkScore® Rating

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

1

Minimal Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

50

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

Patronis Elementary School

Public

Grades K-5

648 Students

7
out of 10

Breakfast Point Academy

Public

Grades PK-8

1,058 Students

6
out of 10

West Bay Elementary School

Public

Grades K-5

313 Students

5
out of 10

Breakfast Point Academy

Public

Grades PK-8

1,058 Students

6
out of 10

Surfside Middle School

Public

Grades 6-8

843 Students

6
out of 10

J.R. Arnold High School

Public

Grades 9-12

1,617 Students

5
out of 10

Points of Interest

Top Apartments in Panama City Beach

Houses for Rent in Panama City Beach

Property Management Companies in Panama City Beach, FL

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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.