City

Average Rent in Panama City, Florida

Panama City is a city in Florida. It ranks #358 out of 447 for places to rent. Panama City is in
the county of
Bay County and
the metropolitan area of
Panama City-Lynn Haven-Panama City Beach, FL MSA. Dwellsy has rental data for Panama City includes
the zip codes of
32404, 32405, 32401, no sections, no neighborhoods and no rental communities with places to rent.
The average rent over the last 3 months for places in Panama City is $1,680 which represents a decrease of -3.1% over the same period.

The most expensive zip code in Panama City to rent places is 32404 with an average rent of $1,728. The least expensive zip code in Panama City to rent places is 32401 with an average rent of $1,452.

Rental Price Comparison

The average rent for places in city Panama City currently stands at $1,680.
In comparison, places in the largest zip, specifically 32404, is more expensive, with an average rent of $1,728. This represents a difference of +3% when compared to Panama City.
Meanwhile, in the average state of Florida, the average rent for the same type of housing is $2,215, showing a more expensive of +32% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +11% when compared to the rent in Panama City.
$1,680
Panama City
VS
$1,728
+3%
32404, zip
$2,215
+32%
FL, state
$1,859
+11%
USA, us

Average price for rental listings over the last 3 months. Last updated May 31 2026

Zip Codes in Panama City, FL

32404$1,728
32405$1,587
32401$1,452