Panama City

Background Image

Panama City, FL

Area Guide

Share Guide

Suburban living with a tropical twist

Suburban Tropical Scenic Peaceful Affordable Nautical

Situated on Florida’s Panhandle, Panama City sits about midway between Tallahassee and Pensacola. Panama City’s location on the Saint Andrew Bay affords residents plenty of opportunities for water-based recreation like sailing, kayaking, and paddle boarding in addition to fresh seafood at numerous area restaurants.

Panama City exudes a suburban vibe with a tropical twist. Residents enjoy shopping brand-name retailers at Panama City Square and Panama City Mall along 23rd Street as well as unique boutiques and specialty shops in the charming downtown area stretched along Harrison Avenue.

Panama City’s walkable downtown also boasts a bevy of diverse eateries, cozy cafes, and nightlife spots. World-class beaches are just a short drive from Panama City, along with the many exciting attractions of neighboring tourist-driven Panama City Beach. Getting around from Panama City is a breeze with access to U.S. 98 and U.S. 231.

Rent Trends

As of December 2024, the average apartment rent in Panama City, FL is $842 for a studio, $1,250 for one bedroom, $1,512 for two bedrooms, and $1,892 for three bedrooms. Apartment rent in Panama City has decreased by -1.9% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,250/month
760 Sq Ft
House
$2,158/month
1,510 Sq Ft
Condo
$1,892/month
948 Sq Ft
Townhome
$1,783/month
1,241 Sq Ft
See Rental Market Trends in Panama City, FL

Transportation

40

Car-Dependent

out of 100 WalkScore® Rating

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

12

Minimal Transit

out of 100 TransitScore® Rating

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

46

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.

Schools

Deane Bozeman School

Public

Grades PK-12

1,619 Students

7
out of 10

Hutchison Beach Elementary School

Public

Grades K-5

621 Students

7
out of 10

Callaway Elementary School

Public

Grades PK-5

511 Students

7
out of 10

Bay Virtual Franchise

Public

Grades K-12

66 Students

6
out of 10

Lucille Moore Elementary School

Public

Grades PK-5

503 Students

5
out of 10

Deane Bozeman School

Public

Grades PK-12

1,619 Students

7
out of 10

Bay Virtual Franchise

Public

Grades K-12

66 Students

6
out of 10

Rutherford High School

Public

Grades 6-12

1,337 Students

3
out of 10

Merritt Brown Middle School

Public

Grades 6-8

701 Students

3
out of 10

Jinks Middle School

Public

Grades 6-8

570 Students

2
out of 10

Deane Bozeman School

Public

Grades PK-12

1,619 Students

7
out of 10

Bay Virtual Franchise

Public

Grades K-12

66 Students

6
out of 10

Bay High School

Public

Grades 9-12

1,255 Students

5
out of 10

Rutherford High School

Public

Grades 6-12

1,337 Students

3
out of 10

Rosenwald High School

Public

Grades PK & 6-12

345 Students

1
out of 10

Points of Interest

Parks and Recreation

  • Science and Discovery Center of Northwest Florida
  • St. Andrews State Park

Airports

  • Northwest Florida Beaches International

Top Apartments in Panama City

Houses for Rent in Panama City

Property Management Companies in Panama City, FL

Search Nearby Rentals