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Panama City, FL Townhomes for Rent

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    Starting at $1,690 Per Month

    • 3 Beds

    263 Nelle Ave, Panama City, FL 32404

    Welcome to Ava Kay Townhomes, offering pet-friendly townhomes for rent in Panama, Florida! With three-bedroom floorplans each packed with ample amenities, there's something for everyone here at Ava Kay. Each townhome comes equipped with a patio/balcony, full kitchens, washer and dryer connections and so much more. Residents of our community enjoy our waterfront views, serene picnic areas and

    Ava Kay Townhomes

    (448) 200-5737

    263 Nelle Ave, Panama City, FL 32404
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    $900 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    1209 Capri Dr, Panama City, FL 32405

    Property Id: 2147026Please don’t call before read the requirements; Single person. No pets. We check background and must have a clean background. Long terms lodging All bills included, water, internet, electricity, pest control, lawn care, waste disposal. Total 5 rooms in this property and each rented one by one. Total we have two bathrooms with showers. Kitchen materials are provided and

    (850) 771-2514

    1209 Capri Dr, Panama City, FL 32405
  • /20

    $1,845 Per Month

    • 3 Beds
    • 3 Baths
    • 1,446 Sq Ft
    • Townhouse for Rent

    5870 Tyndall Place, Callaway, FL 32404

    Property Id: 2415642Energy efficient, modern living and move-in-ready. 12 minutes to Tyndall AFBProperty Highlights • Brand-new construction 1446sq ft • End-unit townhome - added privacy • 3 bedrooms | 3 full bathrooms • 2 x-large parking pads + end-unit extra space • Beautiful covered porch with pond view and extra secure outdoor storage space •All new

    (448) 222-2846

    5870 Tyndall Place, Callaway, FL 32404
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    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    1209 Capri Dr, Panama City, FL 32405

    Property Id: 2104702Please don’t call before read the requirements; Single person. No pets. We check background and must have a clean background. Long terms lodging All bills included, water, internet, electricity, pest control, lawn care, waste disposal. Total 5 rooms in this property and each rented one by one. Total we have two bathrooms with showers. Kitchen materials are provided and

    (850) 771-3712

    1209 Capri Dr, Panama City, FL 32405
  • /20

    $2,150 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,152 Sq Ft
    • Townhouse for Rent

    2108 Sterling Cove Blvd, Panama City Beach, FL 32408

    2108 Sterling Cove is a charming two-story, two-bedroom, one-and-a-half-bathroom townhome located in the gated community of The Gates of Sterling Cove, just off Front Beach Road. This central location offers convenient access to both the beach and the Hathaway Bridge.The home features a fully renovated kitchen with new appliances, updated bathrooms, new flooring, and fresh paint

    (448) 333-2184

    2108 Sterling Cove Blvd, Panama City Beach, FL 32408
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    $1,800

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,450 Sq Ft
    • Townhouse for Rent

    3938 Solano Rd, Panama City, FL 32405

    For Rent: Townhouse in Panama CityAvailable now! This 3 bedroom/ 2.5 bathroom townhouse is located in the desirable area of Panama City.Features:• Spacious layout with 1450 square feet• Updated kitchen with all new stainless steel appliances• In-unit laundry / hookups• Central A/C & heating• 2 or 4 vehicle parking (depending on vehicle size)• Pet-friendly

    3938 Solano Rd, Panama City, FL 32405
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    $1,225

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,024 Sq Ft
    • Townhouse for Rent

    6913 Cherry St Unit N, Panama City, FL 32404

    This property at 6913 Cherry St features 2 bedrooms and 1.5 bathrooms within a total of 1,024 square feet. The living room offers ample space for relaxation and is designed for easy furniture arrangement. The kitchen is equipped with a dishwasher and provides convenient access to the dining area. Each bedroom is adequately sized, with the master bedroom featuring additional closet space. The

    6913 Cherry St Unit N, Panama City, FL 32404
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    $1,595

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Townhouse for Rent

    2519 Beech St, Panama City Beach, FL 32408

    Amazing 2 bedroom, 1.5 bathroom townhome in Upper Grand Lagoon. Amenities included: central air, central heat, dishwasher, stainless steel appliances, updated kitchen, updated bathroom, storage, washer dryer connections, and a yard. Utilities included: water, garbage and pest control. Is pet friendly with PRIOR approval and a pet fee. Date Available: Immediately. $1,595/month rent. $1,395

    2519 Beech St, Panama City Beach, FL 32408
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    $1,650 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,336 Sq Ft
    • Townhouse for Rent

    407 Judy Place, Panama City, FL 32404

    Welcome to this great townhome located in Callaway, FL! This property boasts three bedrooms and 2.5 well-appointed bathrooms and is designed with your comfort in mind, featuring ceiling fans for those warm Florida days, a large master closet for all your storage needs, and recessed lighting for a modern touch! The covered front entry leads you into a welcoming space, while the back patio offers a

    Briana Colvin ERA Neubauer Real Estate Inc

    407 Judy Place, Panama City, FL 32404
  • /10

    $1,600 Per Month

    • 3 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 3 Bed 2 Bath Duplex

    2734 Usery Rd, Panama City, FL 32404

    3 bedroom 2 bath duplex located on Ursey Road.

    2734 Usery Rd, Panama City, FL 32404
  • /13

    $1,375 Per Month

    • 3 Beds
    • 2 Baths
    • 1,179 Sq Ft
    • Townhouse for Rent

    1510 Clay Ave Unit A, Panama City, FL 32405

    3 bedroom, 1.5 bathroom townhouse located in St Andrews. Just painted inside. Nice back yard with covered porch. W/D hook up. Convenient to town or the beach.

    Rosalind Smothers Carroll Realty Prop Mgt Inc

    1510 Clay Ave Unit A, Panama City, FL 32405
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    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Townhouse for Rent

    2817 Wakulla Ave, Panama City, FL 32405

    1br 1 bath unit in a Duplex located at 2819 Wakulla Avenue, Panama City, FL 32405, The interior of this Duplex boasts a comfortable living area, a functional kitchen, and a bright bedroom with ample natural light. The bathroom is clean and updated,quiet street off Game Farm road, centrally located.12-month lease starting on May 15, 2026,stable employment and no

    2817 Wakulla Ave, Panama City, FL 32405
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    $1,995 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,460 Sq Ft
    • Townhouse for Rent

    609 S Berthe Ave, Panama City, FL 32404

    Enjoy waterfront living with Gulf access at this beautifully remodeled and updated 3-bedroom, 2.5-bath townhouse! Located just minutes from Tyndall Air Force Base, this 1,460 sq ft home offers modern upgrades, scenic views, and exceptional amenities. Property Highlights:• Completely remodeled - new flooring, fresh paint, updated fixtures• Modern kitchen with new appliances, counters, and

    Mark Johnson Carroll Realty Prop Mgt Inc

    609 S Berthe Ave, Panama City, FL 32404
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    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • 1,612 Sq Ft
    • Townhouse for Rent

    5717 Rebecca Ct, Panama City, FL 32404

    5717 Rebecca Ct, Panama City, FL 32404
  • /11

    $1,650 Per Month

    • 3 Beds
    • 2 Baths
    • 1,336 Sq Ft
    • Townhouse for Rent

    7009 Edwardian Ct, Panama City, FL 32404

    This property boasts three bedrooms and 2.5 well-appointed bathrooms and is designed with your comfort in mind, featuring ceiling fans for those warm Florida days, a large master closet for all your storage needs, and recessed lighting for a modern touch! The covered front entry leads you into a welcoming space, while the back patio offers a perfect spot for outdoor relaxation. The partially

    Briana Colvin ERA Neubauer Real Estate Inc

    7009 Edwardian Ct, Panama City, FL 32404
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    $1,300 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,198 Sq Ft
    • Townhouse for Rent

    1325 W 12th St Unit B2, Panama City, FL 32401

    Welcome to your future home in one of the most desirable neighborhoods in the area! This spacious townhome features 2 bedrooms and 2.5 bathrooms, offering the perfect blend of comfort and convenience. Step inside to discover a thoughtfully designed floor plan with plenty of natural light and a modern touch. The open living and dining areas provide a welcoming space for relaxation or entertaining.

    Briana Colvin ERA Neubauer Real Estate Inc

    1325 W 12th St Unit B2, Panama City, FL 32401
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    $1,650 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,519 Sq Ft
    • Townhouse for Rent

    5749 Callaway Cir, Panama City, FL 32404

    Spacious 3/2.5 attached single family home in Sentinel Point. Lawn care and outside pest control included. Community Pool. Convenient to Tyndall AFB, shopping, dining and parks. All property sizes and ages are approximate, please measure and/or verify if important. School assignments are subject to change, please check with Bay County for most accurate information. Deposit is the same as the rent.

    Commander Rentals CENTURY 21 Commander Realty

    5749 Callaway Cir, Panama City, FL 32404
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    $1,975 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,156 Sq Ft
    • Townhouse for Rent

    8126 Surf Dr, Panama City, FL 32408

    ACROSS FROM THE GULF 2bd, 2ba Partially furnished townhouse right across the street from the Gulf. W/D included. Garbage included. Small pet nego, restrictions apply.

    Rosalind Smothers Carroll Realty Prop Mgt Inc

    8126 Surf Dr, Panama City, FL 32408
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    $2,200 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,317 Sq Ft
    • Townhouse for Rent

    7513 Yellow Bluff Rd Unit 2B, Panama City, FL 32404

    Waterfront Living on the Bay - 3BR/2BA Updated Townhouse with Gulf Access Wake up to breathtaking bay views and start your day with stunning sunrises right outside your door. This recently updated 3-bedroom, 2-bathroom townhouse offers the perfect blend of comfort, style, and true coastal living. Step inside to find a bright, open layout with modern updates throughout, creating a clean and

    Jarah Chesnut Chesnut Realty, Inc

    7513 Yellow Bluff Rd Unit 2B, Panama City, FL 32404
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    $2,400 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,572 Sq Ft
    • Townhouse for Rent

    1335 Capri Dr, Panama City, FL 32405

    **APRIL 2026 UPDATE** - Yes, if you still see the house listed here it is available and for rent! :) This is the WATERFRONT beach rental home you've been dreaming of! Tie up your boat, jet ski, kayaks, paddle board, etc. at your backyard HUGE PRIVATE DOCK and go boating any time your heart desires within seconds - This home sits on a canal with GULF ACCESS! Or even cast a line right off your dock

    Eugeniu Ursu Eugeniu Ursu

    1335 Capri Dr, Panama City, FL 32405
  • /15

    $1,650 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,341 Sq Ft
    • Townhouse for Rent

    403 Judy Place, Panama City, FL 32404

    This Townhome offers 3 Bedrooms and 2 and a half Bath. Home has 9' ceilings equipped with recessed lighting. Brand new whirlpool appliances, open floor plan with ceramic tile, and carpet in all 3 rooms and stairs. Master Bedroom has a spacious walk in closet and a master bath. 1 Car garage. * lawn service and garbage included* *Owner will consider accepting Section 8* *No Pets* *Parking is

    Briana Colvin ERA Neubauer Real Estate Inc

    403 Judy Place, Panama City, FL 32404
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    $1,695 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,402 Sq Ft
    • Townhouse for Rent

    1218 Stephen Dr Unit 4, Panama City, FL 32405

    Centrally located to all amenities and shopping venues on 23rd and 15th Streets. All room sizes are approximate. Very nice end unit with large open living/dining area. All major appliances, handy outside lock storage on patio., and washer/dryer closet. Washer/Dryer not included. Master bedroom has its own bathroom. $50 application fee - immediate occupancy after application and approval & lease

    Gary Witham Hope Realty of Bay County LLC

    1218 Stephen Dr Unit 4, Panama City, FL 32405
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    $1,345 Per Month

    • 1 Bed
    • 1 Bath
    • 570 Sq Ft
    • Townhouse for Rent

    305 Wilson Ave Unit 15, Panama City, FL 32401

    Experience the best of Panama City, FL living in this stunning one-bedroom, one-bathroom loft townhome. Nestled in the vibrant Cove Community, this residence offers a perfect blend of comfort and convenience. The apartment boasts modern stainless steel appliances, ensuring a sleek and efficient culinary experience. The location is unbeatable, with downtown shopping and dining options just minutes

    Commander Rentals CENTURY 21 Commander Realty

    305 Wilson Ave Unit 15, Panama City, FL 32401
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    $1,800 Per Month

    • 2 Beds
    • 2 Baths
    • 1,152 Sq Ft
    • Townhouse for Rent

    2110 Sterling Cove Blvd, Panama City, FL 32408

    Now available for long-term lease (minimum one year), this charming townhome is located in the desirable gated community of Sterling Cove on Front Beach Road. Tucked away for added privacy, this well-maintained two-bedroom, one-and-a-half-bath home offers both comfort and convenience. Upstairs, you'll find two spacious bedrooms, each with its own private balcony--perfect for enjoying your morning

    Teresa Martini Twisted Palms Real Estate

    2110 Sterling Cove Blvd, Panama City, FL 32408
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    $1,695 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,317 Sq Ft
    • Townhouse for Rent

    754 Sherman Ave Unit A, Panama City, FL 32401

    $500 off First Months Full RentWelcome to 754 Sherman Ave, a charming 3-bedroom, 1.5-bathroom home located in the heart of Panama City, FL. This property boasts a central location that puts you just 15 minutes away from Tyndall, making it an ideal spot for those who value convenience. The home itself is designed to offer a comfortable living experience. The half bath provides additional

    Rosalind Smothers Carroll Realty Prop Mgt Inc

    754 Sherman Ave Unit A, Panama City, FL 32401
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    $1,950 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Townhouse for Rent

    8623 N Lagoon Dr Unit B10, Panama City, FL 32408

    FREE DUMPSTER, BASIC CABLE CREDIT, BOAT SLIP, SWIMMING POOL! Indulge in coastal luxury living at its finest with this stunning two-bedroom, 2 1/2 bathroom corner unit nestled along the picturesque N. Lagoon Drive. Meticulously remodeled with top-of-the-line materials, every detail of this residence exudes elegance and sophistication. But the perks don't stop there. Enjoy the convenience of a

    Gerard Virga Virga Realty Inc

    8623 N Lagoon Dr Unit B10, Panama City, FL 32408
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    $1,500 Per Month

    • 2 Beds
    • 1.5 Baths
    • 972 Sq Ft
    • Townhouse for Rent

    4492 E Highway 98, Panama City, FL 32404

    Fully Furnished Townhome - Long-Term Rental - Pet FriendlyFully furnished townhome available for long-term lease. This property offers a functional layout with efficient use of space, making it suitable for tenants seeking a simple and low-maintenance rental.The townhome is offered completely furnished, including living area furnishings, bedroom furniture, and a kitchen equipped with

    Teresa Martini Twisted Palms Real Estate

    4492 E Highway 98, Panama City, FL 32404
  • /13

    $1,250 Per Month

    • 2 Beds
    • 2 Baths
    • 1,250 Sq Ft
    • Townhouse for Rent

    3034 E Baldwin Rd, Panama City, FL 32405

    Charming 2 Bed / 2 Bath Home in the Heart of Panama City! Welcome beautifully located home offering comfort, convenience, and Florida lifestyle all in one! This 2-bedroom, 2-bath property is centrally located near shopping, dining, schools, medical centers, and just a short drive to Panama City Beach, St. Andrews, Shell Island, Pier Park, marinas, parks, and waterfront dining. Perfect as a

    yusilet rodriguez Nations Best Realty, Inc.

    3034 E Baldwin Rd, Panama City, FL 32405
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    $1,500 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,104 Sq Ft
    • Townhouse for Rent

    4455 W 19th St Unit 16, Panama City, FL 32405

    This property offers a functional layout with comfortable living space. Conveniently located in Panama City with easy access to shopping, dining, and everyday amenities. All measurements are approximate; please verify if important.

    Luisa Dick Coldwell Banker Realty

    4455 W 19th St Unit 16, Panama City, FL 32405
  • /6

    $1,050 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,108 Sq Ft
    • Townhouse for Rent

    6101 Harvey St Unit 3, Panama City, FL 32404

    This centrally located townhome offers easy access to Tyndall AFB and features two spacious bedrooms and 1.5 bathrooms. The property is equipped with ceiling fans for your comfort, and a covered back patio that provides a perfect space for outdoor relaxation. The exterior access storage room offers ample space for your belongings, while the covered front entry adds an extra layer of protection

    Briana Colvin ERA Neubauer Real Estate Inc

    6101 Harvey St Unit 3, Panama City, FL 32404
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    $1,375 Per Month

    • 2 Beds
    • 2 Baths
    • 1,238 Sq Ft
    • Townhouse for Rent

    347 Mercedes Ave, Panama City, FL 32401

    Briana Colvin ERA Neubauer Real Estate Inc

    347 Mercedes Ave, Panama City, FL 32401
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    $1,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • 918 Sq Ft
    • Townhouse for Rent

    303 Sukoshi Dr Unit C, Panama City, FL 32404

    BEAUTIFUL TOWNHOME RECENTLY PAINTED WITH STAINLESS STEEL KITCHEN APPLIANCES 2-STORY TOWNHOME IN CALLAWAY FEATURES 2 BEDROOMS 1.5 BATHROOMS LARGE BALCONY AND HUGE PATIO GREAT FOR KIDS. ONLY 500 DEPOSIT.

    Morris Solomon Nations Best Realty, Inc.

    303 Sukoshi Dr Unit C, Panama City, FL 32404
  • /10

    $1,275 Per Month

    • 2 Beds
    • 1.5 Baths
    • 972 Sq Ft
    • Townhouse for Rent

    1637 N James Ave, Panama City, FL 32405

    Very nicely updated 2bd, 1.5 ba 2-story townhome in Cedar Grove area. Granite counters,Stainless Steel appliances, soft close cabinets. Vinyl plank through out. Lawncare included.

    Rosalind Smothers Carroll Realty Prop Mgt Inc

    1637 N James Ave, Panama City, FL 32405
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    $1,595 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,317 Sq Ft
    • Townhouse for Rent

    754 Sherman Ave Unit B, Panama City, FL 32401

    $500 off First Months Full RentWelcome to 754 Sherman Ave, a charming 3-bedroom, 1.5-bathroom home located in the heart of Panama City, FL. This property boasts a central location that puts you just 15 minutes away from Tyndall, making it an ideal spot for those who value convenience. The home itself is designed to offer a comfortable living experience. The half bath provides additional

    Rosalind Smothers Carroll Realty Prop Mgt Inc

    754 Sherman Ave Unit B, Panama City, FL 32401
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    $1,400 Per Month

    • 2 Beds
    • 1.5 Baths
    • 2,016 Sq Ft
    • Townhouse for Rent

    5113 E 10th St Unit A,B,C,D, Panama City, FL 32404

    Welcome to your beautifully renovated townhome! This 2-bedroom, 1.5-bathroom unit features fresh paint, brand-new floors, and updated appliances throughout. The completely redone kitchen boasts modern finishes, new cabinetry, and stainless steel appliances. Both bathrooms have been fully upgraded with contemporary fixtures. Conveniently located near shopping centers, grocery stores, and markets,

    Dien Tran Think Real Estate

    5113 E 10th St Unit A,B,C,D, Panama City, FL 32404
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    $1,300 Per Month

    • 2 Beds
    • 1.5 Baths
    • 988 Sq Ft
    • Townhouse for Rent

    1222 Stephen Dr Unit 1, Panama City, FL 32405

    Age, sq.ftge., & room sizes are approximate. Conveniently located to shopping and amenities on 15th & 23rd Streets. Easy access to Northside Elementary School. Outside locked storage, open patio. New Refrigerator. NO pets-no negotiation, $50 application fee.

    Gary Witham Hope Realty of Bay County LLC

    1222 Stephen Dr Unit 1, Panama City, FL 32405
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    $1,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • 960 Sq Ft
    • Townhouse for Rent

    5807 Butler Dr Unit s 5 and 14, Panama City, FL 32404

    Welcome to Butler Manor Apartments. These two story 2 bedroom, 1.5 bath renovated apartments are ready for you to move in! Free Wi-Fi service and 24/7 video security. Spotless grounds, freshly painted. Laundry on site. Dogs and Cats are allowed with $350 pet deposit. Certain breeds and weights are excluded. Best of all no application fees! Come see these and apply today.

    Christine Lance Keller Williams Success Realty

    5807 Butler Dr Unit s 5 and 14, Panama City, FL 32404
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    $1,800 Per Month

    • 2 Beds
    • 2 Baths
    • 1,280 Sq Ft
    • Townhouse for Rent

    3415 W 19th St Unit 17, Panama City, FL 32405

    Fabulous 2 bedroom, unfurnished unit - 1 bedroom/bathroom upstairs & 1 bedroom/bathroom downstairs for ultimate privacy! Newer appliances! Washer/dryer hook-up available for unbeatable convenience!Charming enclosed patio & open covered patio for outdoor living!Centrally located for EASY access to the beach, NSA or East to Tyndall AFB! Shopping, restaurants & entertainment within walking

    Dawn Deckard Keller Williams Success Realty

    3415 W 19th St Unit 17, Panama City, FL 32405
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    $2,000 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,230 Sq Ft
    • Townhouse for Rent

    6901 N Lagoon Dr Unit 1, Panama City, FL 32408

    Welcome to Palisades, a serene lagoon-side community offering stunning views and unbeatable access to all the best of Panama City Beach. Enjoy the convenience of covered parking and a spacious, tiled back porch that opens to a lush, grassy common area—perfect for relaxing or playing. The community amenities are just steps away, including a sparkling pool and clubhouse. Inside, you'll find a

    Brittni Shisler-Smith Full Heart Rentals

    6901 N Lagoon Dr Unit 1, Panama City, FL 32408
  • /17

    $1,400 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,104 Sq Ft
    • Townhouse for Rent

    4455 W 19th St Unit 17, Panama City, FL 32405

    2 bedroom, 1.5 bath townhome centrally located to St. Andrews and Panama City Beach. This townhome features open living/dining combo, kitchen, 1/2 bath and laundry rrom downstairs. Upstairs host 2 bedrooms with a Jack and Jill bathroom. Fenced back yard. 2 pets under $35 lbs. $500 pet deposit per pet.

    Patricia Sneed CENTURY 21 Ryan Realty Inc

    4455 W 19th St Unit 17, Panama City, FL 32405

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Frequently Asked Questions

How much does it cost to rent a townhouse in Panama City, FL?
The median rent for a townhouse in Panama City, FL is $1,350 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Panama City, FL?
To comfortably afford the median rent in Panama City, FL, a household needs to earn roughly $72,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,800 per month in Panama City, FL, renters typically need to show $5,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Panama City, FL?
In Panama City, FL, the price-to-rent ratio is 15.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Panama City, FL

Rental Home Trends

Number of Townhouses for Rent
49
Median Townhouse Rent
$1,350
Median 2 Bedroom Townhouse Rent
$1,238
Median 3 Bedroom Townhouse Rent
$1,800
How to Rent a Home