1-Bedroom Apartment Rent in Panama City, FL
Median asking rent for a 1-bedroom apartment in Panama City, Florida as of July 2026. That's +27% lower than the citywide median of $1,744 and +8% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Panama City
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Panama City
Compare Panama City's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Florida
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Palatka | $790 |
| 2 | Bunnell | $792 |
| 3 | Lake City | $850 |
| 4 | Hernando | $870 |
| 5 | Crystal River | $875 |
| 6 | Hialeah Gardens | $905 |
| 7 | Auburndale | $920 |
| 8 | Bartow | $920 |
| 9 | Lake Alfred | $920 |
| 10 | Belleview | $940 |
| 11 | Homosassa | $945 |
| 12 | Lake Wales | $955 |
| 13 | Inverness | $975 |
| 14 | Ocklawaha | $980 |
| 15 | Sebring | $980 |
Most expensive cities for a 1-bedroom in Florida
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Atlantic Beach | $3,405 |
| 2 | Key Biscayne | $2,840 |
| 3 | Weston | $2,777 |
| 4 | Doral | $2,720 |
| 5 | Loxahatchee | $2,660 |
| 6 | Aventura | $2,660 |
| 7 | Parkland | $2,580 |
| 8 | Lithia | $2,530 |
| 9 | Windermere | $2,490 |
| 10 | Coral Gables | $2,480 |
| 11 | Miami Beach | $2,447 |
| 12 | Pembroke Pines | $2,423 |
| 13 | The Hammocks | $2,410 |
| 14 | Bal Harbour | $2,370 |
| 15 | The Crossings | $2,340 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 1-bedroom rents than Panama City.
| City | Distance | 1-Bedroom rent | vs Panama City |
|---|---|---|---|
| Callaway, FL | 3.6 mi | $1,207 | $-73 (-6%) |
| Lynn Haven, FL | 4.8 mi | $1,560 | +$280 (+22%) |
| Panama City Beach, FL | 13.8 mi | $1,563 | +$283 (+22%) |
| Inlet Beach, FL | 29.6 mi | $1,640 | +$360 (+28%) |
| Freeport, FL | 39.7 mi | $1,080 | $-200 (-16%) |
| Santa Rosa Beach, FL | 41.4 mi | $1,560 | +$280 (+22%) |
| Destin, FL | 60.9 mi | $1,900 | +$620 (+48%) |
| Niceville, FL | 61.8 mi | $1,660 | +$380 (+30%) |
| Shalimar, FL | 68.9 mi | $1,570 | +$290 (+23%) |
| Dothan, AL | 71.5 mi | $793 | $-487 (-38%) |
| Fort Walton Beach, FL | 74.4 mi | $1,360 | +$80 (+6%) |
| Daleville, AL | 74.6 mi | $680 | $-600 (-47%) |
1-Bedroom rent in Panama City — common questions
How much is a 1-bedroom apartment in Panama City?
As of July 2026, the median 1-bedroom apartment rent in Panama City, Florida is $1,280 per month. This is +27% below the citywide median of $1,744.
What income do you need to afford a 1-bedroom in Panama City?
Using the standard 30% rent-to-income rule, you would need an annual income of about $51,200 ($4,267/month gross), which works out to roughly $24.62/hour at a full-time job.
Is Panama City expensive for a 1-bedroom compared to the rest of the US?
Panama City's 1-bedroom median of $1,280 is +8% below the national 1-bedroom median of $1,395. It ranks in the 42th percentile of US cities tracked.
How does Panama City rank for 1-bedroom rent in Florida?
Among the 270 cities in Florida with 1-bedroom data, Panama City ranks #46 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Panama City?
Yes — nearby cities with cheaper 1-bedroom rents include Callaway ($1,207), Freeport ($1,080), Dothan ($793).