Median rent for residential apartments in Panama City, FL as of Jan, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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228 Panama City, FL, USA apartments for rent
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Panama City
Panama City, FL has a population of 36,661, while the median age is 40. The household income in Panama City, FL is around $40,114. The homeownership rate among the residents is 49%. The median residential property value in Panama City, FL that you should keep in mind is $147,300.
| Population | 36,661 |
| Median Age | 39.7 |
| Poverty Rate | 22% |
| Household Income | $40,114 |
| Number Of Employees | 15,674 |
| Median Property Value | $147,300 |
Housing Trends
How much is an apartment in Panama City, FL, USA
Average apartment rent in Panama City: $1,854 (+0.6%)
| Rent Price | Jan | vs Last Month |
|---|---|---|
| 1-bed apartments | $1,156 | -14.3% |
| 2-bed apartments | $1,223 | -13.4% |
| 3-bed apartments | $2,025 | +4.1% |
| 4+ bed apartments | $2,753 | +7.6% |
Over the Jan 2023, the average rent for an apartment in/near Panama City, FL increased by 0.6% to $1,854.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 14.3% to $1,156. Pricing for 2-bed apartment also decreased by 13.4% and a place of this size will now cost you $1,223. 3-bed apartment rent pricing starts at $2,025, it increased by 4.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 7.6% and made it up to $2,753.
| Rent Type Price | Jan | vs Last Month |
|---|---|---|
| Houses for rent | $2,359 | +6.1% |
| Duplexes for rent | $1,700 | +0% |
| Condos for rent | $2,000 | +11.1% |
| Apartments for rent | $1,468 | -9.8% |
| Townhouses for rent | $1,100 | +0% |
The median rent for an apartment in Panama City, FL decreased by 9.8% to $1,468. Statistics show that house rent price increased by 6.1% this month making it up to $2,359. Condos faced an upward trend these days. The median rent for a condo increased by 11.1%, it’s now available for $2,000. An average duplex is now available for $1,700, cause median rent for a duplex remains the same this month. Townhouse rent pricing didn’t change, the price still starts at $1,100.
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