4+ Bedroom Apartment Rent in Panama City, FL
Median asking rent for a 4+ bedroom apartment in Panama City, Florida as of August 2026. That's +45% higher than the citywide median of $1,744 and in line with the national 4+ bedroom median of $2,522.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Florida
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Bunnell | $534 |
| 2 | Sweetwater | $1,156 |
| 3 | Gladeview | $1,170 |
| 4 | Palatka | $1,370 |
| 5 | Lake City | $1,470 |
| 6 | Callaway | $1,488 |
| 7 | Belleview | $1,600 |
| 8 | Pinewood | $1,672 |
| 9 | Crawfordville | $1,720 |
| 10 | West Melbourne | $1,779 |
| 11 | Hernando | $1,830 |
| 12 | Crystal River | $1,880 |
| 13 | Ocala | $1,885 |
| 14 | Auburndale | $1,910 |
| 15 | Avon Park | $1,910 |
Most expensive cities for a 4+ bedroom in Florida
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Weston | $5,777 |
| 2 | Parkland | $5,365 |
| 3 | Key Biscayne | $5,280 |
| 4 | Doral | $5,060 |
| 5 | Pembroke Pines | $5,038 |
| 6 | Loxahatchee | $4,970 |
| 7 | Aventura | $4,940 |
| 8 | Plantation | $4,857 |
| 9 | Lithia | $4,620 |
| 10 | Coral Gables | $4,610 |
| 11 | Miami Beach | $4,547 |
| 12 | Sunrise | $4,535 |
| 13 | Davie | $4,503 |
| 14 | The Hammocks | $4,480 |
| 15 | Coconut Creek | $4,410 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 4+ bedroom rents than Panama City.
| City | Distance | 4+ Bedroom rent | vs Panama City |
|---|---|---|---|
| Callaway, FL | 3.6 mi | $1,488 | $-1,042 (-41%) |
| Lynn Haven, FL | 4.8 mi | $3,060 | +$530 (+21%) |
| Panama City Beach, FL | 13.8 mi | $3,073 | +$543 (+21%) |
| Inlet Beach, FL | 29.6 mi | $3,060 | +$530 (+21%) |
| Freeport, FL | 39.7 mi | $2,020 | $-510 (-20%) |
| Santa Rosa Beach, FL | 41.4 mi | $2,910 | +$380 (+15%) |
| Destin, FL | 60.9 mi | $3,590 | +$1,060 (+42%) |
| Niceville, FL | 61.8 mi | $3,130 | +$600 (+24%) |
| Shalimar, FL | 68.9 mi | $2,960 | +$430 (+17%) |
| Dothan, AL | 71.5 mi | $1,513 | $-1,017 (-40%) |
| Fort Walton Beach, FL | 74.4 mi | $2,570 | +$40 (+2%) |
| Crestview, FL | 75.5 mi | $2,415 | $-115 (-5%) |
4+ Bedroom rent in Panama City — common questions
How much is a 4+ bedroom apartment in Panama City?
As of August 2026, the median 4+ bedroom apartment rent in Panama City, Florida is $2,530 per month. This is +45% higher than the citywide median of $1,744.
What income do you need to afford a 4+ bedroom in Panama City?
Using the standard 30% rent-to-income rule, you would need an annual income of about $101,200 ($8,433/month gross), which works out to roughly $48.65/hour at a full-time job.
Is Panama City expensive for a 4+ bedroom compared to the rest of the US?
Panama City's 4+ bedroom median of $2,530 is right at the national 4+ bedroom median of $2,522. It ranks in the 50th percentile of US cities tracked.
How does Panama City rank for 4+ bedroom rent in Florida?
Among the 259 cities in Florida with 4+ bedroom data, Panama City ranks #67 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Panama City?
Yes — nearby cities with cheaper 4+ bedroom rents include Callaway ($1,488), Freeport ($2,020), Dothan ($1,513).