Arbor Crossing at Mill Bayou
198 Mill Bayou Blvd,
Panama City, FL 32404
$1,495 - $2,110 | 1-3 Beds
Panama City
Panama City, FL
Area 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 March 2025, the average apartment rent in Panama City, FL is $840 for a studio, $1,216 for one bedroom, $1,505 for two bedrooms, and $1,863 for three bedrooms. Apartment rent in Panama City has decreased by -5.6% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,216/month
760 Sq Ft
House
$2,038/month
1,450 Sq Ft
Condo
$2,011/month
1,110 Sq Ft
Townhome
$1,661/month
1,158 Sq Ft
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
Public
Grades PK-12
1,619 Students
7
Hutchison Beach Elementary School
Public
Grades K-5
621 Students
7
Public
Grades PK-5
511 Students
7
Public
Grades K-12
66 Students
6
Lucille Moore Elementary School
Public
Grades PK-5
503 Students
5
Public
Grades PK-12
1,619 Students
7
Public
Grades K-12
66 Students
6
Public
Grades 6-12
1,337 Students
3
Public
Grades 6-8
701 Students
3
Public
Grades 6-8
570 Students
2
Public
Grades PK-12
1,619 Students
7
Public
Grades K-12
66 Students
6
Public
Grades 9-12
1,255 Students
5
Public
Grades 6-12
1,337 Students
3
Public
Grades PK & 6-12
345 Students
1
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
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
Arbor Properties
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18
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4,912
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5 Communities in Panama City
Greystar
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Woodruff Property Management Company
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Royal American Companies
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RPM
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620
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1 Community in Panama City
RAM Partners
-
285
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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.