How much does it cost to rent in Panama City Beach, FL?

As of July 2026, the median monthly rent in Panama City Beach, FL is $1,666. This figure is based on aggregated data from public sources and community-submitted rents.

Is Panama City Beach cheaper than other Florida cities?

Panama City Beach is among the more affordable cities in Florida, ranking #261 out of 288 cities at $1,666/mo.

When was Panama City Beach rent data last updated?

Panama City Beach rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Panama City Beach

Name: Average Rent Prices in Panama City Beach, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 18,971·261st most expensive in Florida·Panama City Beach rents are up 5.0% over the past year

Median rent (all units)

$1,666/mo

Year-over-Year

+5.0%

Month-over-Month

+1.2%

vs US Median

-$299

Rising (Monthly)

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Most AffordableMost Expensive

Panama City Beach · $1,666

More affordable than 64% of US cities · National median $1,965/mo

Rent Reality Score

87/100

Great value

OverheatedFairGreat value

Rents are 18% below what Panama City Beach's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,666/mo

Expected by trend

$2,040/mo

The Rent Reality Score compares today's median rent to where Panama City Beach's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,553

1 BR

$1,563

2 BR

$1,830

3 BR

$2,430

4 BR+

$3,073

Research median

$1,830/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$19,992/yr

At $1,666/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.0% YoY, +1.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Panama City Beach, FL is majority owner-occupied, 38% of residents hold a bachelor's degree or higher.

Population

18,971

Median income

$80,941

Median age

45.4

Renters

40.8%

Age distribution

17.3%

19.5%

26.6%

18.7%

17.8%

Under 1817.3%

18–3419.5%

35–5426.6%

55–6418.7%

65+17.8%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

79.7%

White79.7%

Black5.4%

Hispanic10.1%

Asian1.8%

Other2.9%

Education (25+)

21.4%

36%

38%

No HS diploma4.5%

HS diploma21.4%

Some college36%

Bachelor's+38%

Housing tenure

59.2%

40.8%

Owner59.2%

Renter40.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Panama City Beach, FL has changed in 5 years

Rent

$1,455 → $1,666

up 14.5%

Income

$70,131 → $80,941

up 15.4%

Population

17,882 → 18,971

up 6.1%

Renter share

39.5% → 40.8%

+1.3 pts

Bachelor's+

31.8% → 38%

+6.2 pts

Median age

44.8 → 45.4

+0.6 yrs

Compared with 2021, rent in Panama City Beach, FL has increased by $211 per month, settling near $1,666 after starting the period at $1,455. Census figures show median household income at $80,941 today, compared with $70,131 five years earlier. Headcount in the area went from 17,882 to 18,971 between 2021 and 2024, a 6.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.8% to 38%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Panama City Beach

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View Panama City Beach rent history (2015–2026) →

Salary vs rent

Can you afford rent in Panama City Beach on your salary?

At $1,666/mo, how Panama City Beach rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 22.8% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 32% income

stretched

Police Officer

Avg $71,861/yr · Rent = 27.8% income

affordable

Software Developer

Avg $128,442/yr · Rent = 15.6% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 12.2% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 34.2% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 37.9% income

stretched

Electrician

Avg $65,007/yr · Rent = 30.8% income

stretched

By apartment size

Panama City Beach rent by bedroom count

Median rent for each apartment size in Panama City Beach. Click any size for full breakdown.

Local insights

Tips for renters in Panama City Beach

About renting in Panama City Beach, FL

Last updated: July 20, 2026

The median rent in Panama City Beach is $1,666/mo as of July 2026. A studio apartment averages $1,553/mo while a 2-bedroom runs $1,830/mo. One-bedroom apartments average $1,563/mo and 3-bedroom units go for $2,430/mo.

At 25% of local median household income ($80,941/yr), Panama City Beach ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

Is Panama City Beach an affordable city for renters?

Panama City Beach is considered affordable for renters. At $1,666/mo, rent takes approximately 25% of the local median household income ($80,941/yr). The standard benchmark is 30%. Panama City Beach falls comfortably within that range.

How much income do you need to rent in Panama City Beach?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,666/mo in Panama City Beach. The local median household income is $80,941/yr, meaning the typical Panama City Beach household meets that threshold.

Is rent going up or down in Panama City Beach?

Rent in Panama City Beach has increased 5.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Panama City Beach neighborhoods have the lowest rent?

The most affordable ZIP codes in Panama City Beach are 32407 ($1,653/mo), 32413 ($1,673/mo), and 32408 ($1,717/mo). Citywide, the median rent in Panama City Beach is $1,666/mo.

How does Panama City Beach rent compare to other cities in Florida?

Panama City Beach is one of the more affordable cities in Florida for rent, ranking #261 out of 288 tracked cities at $1,666/mo.

Which nearby cities are cheaper to rent in than Panama City Beach?

Springfield is nearby and more affordable at $1,367/mo, which is $299 less than Panama City Beach.

What percentage of Panama City Beach residents rent vs. own?

According to Census data, approximately 40.8% of Panama City Beach households are renters, while 59.2% are owner-occupied. Panama City Beach leans toward homeownership, which can mean a smaller rental inventory.

How does Panama City Beach rent compare to the national average?

Panama City Beach's median rent of $1,666/mo is $299 (15%) below the US national median of $1,965/mo. Within Florida, it ranks #261 out of 288 tracked cities.

Income Affordability

25%

AFFORDABLE

At $1,666/mo, rent takes ~25% of Panama City Beach's median household income ($80,941/yr). The standard benchmark is 30%.

Panama City Beach 25%Benchmark 30%

State income taxNone

Run the Panama City Beach affordability calculator →

Nearby cities