Rent in Panama City, FL
Across Panama City's 10 ZIP codes, a 2-bedroom typically rents for about $1,572 a month, with figures from $967–$1,651. The highest typical rent is in 32417 ($1,651) and the lowest in 32409 ($967). 5 ZIPs have ZIP-level figures from HUD or Census; the other 5 use the county Fair Market Rent. Owner-occupied homes in Bay County pay about 0.58% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,414 | $1,093–$1,517 | 10 |
| 1 bed | $1,517 | $1,045–$1,517 | 10 |
| 2 beds | $1,572 | $967–$1,651 | 10 |
| 3 beds | $2,101 | $1,337–$2,565 | 10 |
| 4 beds | $2,567 | $1,758–$3,028 | 10 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Panama City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Panama City, FL?
- About $1,572 a month: the median of the typical rents in 10 ZIP codes, which range from $967–$1,651. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Panama City, FL?
- About $1,517 a month: the median of the typical rents in 10 ZIP codes, which range from $1,045–$1,517. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Panama City, FL?
- About $2,101 a month: the median of the typical rents in 10 ZIP codes, which range from $1,337–$2,565. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Panama City, FL?
- About $1,414 a month: the median of the typical rents in 10 ZIP codes, which range from $1,093–$1,517. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Panama City, FL?
- About $2,567 a month: the median of the typical rents in 10 ZIP codes, which range from $1,758–$3,028. Figures are gross rent (rent plus tenant-paid utilities).
- Which Panama City ZIP code has the highest rent?
- For a 2-bedroom, 32417 has the highest typical rent at $1,651 a month, and 32409 the lowest at $967.
- What is the property tax rate in Panama City, FL?
- Owner-occupied homes in Bay County pay a typical 0.58% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Panama City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).