Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Panama City area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $1,200 in Panama City, FL

1 - 30 of 51 Results
21
$1,135 - 1,170
Turtle Lake
Deal
4.2
4324 W 20th St Panama City, FL
1 BR | Jan. 9, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
24
$1,168
Siena Gardens Apartments
901 W 19Th St Panama City, FL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Air Conditioning
5
$915 - 1,059
Palm Vista
Deal
322 S Burkett Dr Panama City, FL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
20
$1,150
4828 Grimes St #2
4828 Grimes St Panama City, FL
2 BR | Available Now
Contact
Disability Access
Dishwasher
1
$1,050
Efficient Townhome W/spacious Floorplan & Convenient To Tyndall Afb! *special: 1/2 Off 1st Month's Rent!* + *military Incentive!*
6405 Lenawee St Panama City, FL
2 BR | Available Now
Contact
House
Storage
Dishwasher
1
$995
237 Helen Ave #c
237 Helen Ave Panama City, FL
2 BR | Available Now
Contact
1
$995
516 Parker St, #a
516 A Parker St. Panama City, FL
2 BR | Available Now
Contact
5
$650
1401 Transmitter Rd Unit 14-1
Panama City, FL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,175
108 Gray Ave Unit C
108 Gray Ave Panama City, FL
2 BR | Available Now
Contact
House
Dishwasher
11
$1,079
6950 Highway 98
Panama City, FL
2 BR | Available Now
Contact
1
$1,050
1100 Frankford Ave
Panama City, FL
2 BR | Available Now
Contact
Storage
Dishwasher
5
$1,135
Large 2 Bedroom/1 Bath Apartment Available December 8th
3426 Douglas Rd Panama City, FL
2 BR | Available Now
Contact
1
$1,100
Cute 2-bedroom 1.5 Bath Townhome Completely Updated And Only Minutes From Tafb
130 Cheri Ln Panama City, FL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
1
$995
4512 Carla Ln
Panama City, FL
2 BR | Available Now
Contact
House
Disability Access
13
$1,200
1514 Wilmont Ave
Panama City, FL
2 BR | Available Now
Contact
1
$1,145
108 Gray Ave Unit B
Panama City, FL
2 BR | Available Now
Contact
Storage
Dishwasher
1
$1,200
119 College Ave
Panama City, FL
3 BR | Jan. 21, 2026
Contact
Air Conditioning
Storage
1
$975
Reagan Road Townhomes
155-179 Reagan Rd Panama City, FL
2 BR | Available Now
Contact
House
Storage
Disability Access
1
$1,095
First Two Weeks For Approved Applicant.
12322 Caruso Dr Panama City, FL
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
House
Disability Access
12
$1,100
715 W 13 Th St Unit 3
Panama City, FL
2 BR | Available Now
Contact
Dog Friendly
30
$1,200
5230 Beach Dr Unit D
Panama City, FL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
1
$950
1403 - 1443 W 30th St
Panama City, FL
2 BR | Available Now
Contact
Storage
Disability Access
1
$1,200
807 Cherry St. #3
807 Cherry St Panama City, FL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$995
3704 E 11Th St #c
Panama City, FL
2 BR | Available Now
Contact
Storage
Dishwasher
1
$1,075
6707 E Hwy
Panama City, FL
2 BR | Available Now
Contact
Storage
Dishwasher
1
$995
3702 E 11th St, #a
3702 E 11Th St Panama City, FL
2 BR | Available Now
Contact
Cat Friendly
Disability Access
13
$980
715 W 13 Th St Unit 1
Panama City, FL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$1,200
3903 W 22nd St
Panama City, FL
2 BR | Available Now
Contact
7
$1,050
422 Magnolia Ave
Panama City, FL
1 BR | Available Now
Contact
1
$900
2719 E 8th St
Panama City, FL
1 BR | Available Now
Contact
Storage
Disability Access
1 - 30 of 51 Results
  1. Home
  2. Panama City
  3. Apartments Under $1,200
Frequently Asked Questions

How many apartments under $1,200 are available in Panama City, FL on Rentable.co?

There are 51 apartments under $1,200 in Panama City currently available for rent on Rentable.co.

How many studio apartments under $1,200 are available in Panama City?

Rentable.co has 2 studio apartments under $1,200 available for rent in Panama City.

How many one-bedroom apartments under $1,200 are available in Panama City?

Rentable.co has 151 one-bedroom apartments under $1,200 available for rent in Panama City.

How many two-bedroom apartments under $1,200 are available in Panama City?

Rentable.co has 284 two-bedroom apartments under $1,200 available for rent in Panama City.

Can I afford a apartment under $1,200 in Panama City, FL?

To comfortably afford a apartment under $1,200 in Panama City based on average rent prices, a household would need an annual income of $43,000.

Apartments Under $1,200 in Panama City, FL: January Rental Information

Welcome to the Apartments Under $1,200 in Panama City, FL monthly rent report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2026 key findings and figures for affordable apartments in Panama City.
Our experts analyze the inventory trends for apartments under $1,200, including overall market rent-distribution, availability by bedroom count, and month-over-month comparisons, in Panama City and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $1,200 in Panama City. Whether you're searching for a cozy studio or a spacious two-bedroom, this monthly rent report will help you make an informed decision when it comes to finding an affordable rental in Panama City, FL.
0 2 5 7 10 <$900 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480 $1,520 $1,560 $1,600 $1,640 $1,680
This month, the typical cost to rent a one-bedroom apartment in Panama City stands at $1,180, with the majority falling between $900 and $1,630. Out of the 311 one-bedroom apartments currently on the market in Panama City, 86 are priced below $1,200, accounting for 28% of the total available one-bedroom units in Panama City.

Available Apartments Under $1,200: Panama City vs. Surrounding Areas

Panama City, FL
Panama City Beach, FL
34
3
In January 2026, there are a number of apartments available for rent under $1,200 in Panama City, FL and the surrounding cities. The chart above provides a breakdown of the available inventory in each of these cities. Panama City, FL has the largest number of apartments under $1,200, with 55 units currently available. The surrounding cities, including Callaway, Panama City Beach, Springfield, Lynn Haven, and Mexico Beach, also offer a variety of options for renters in this price range. Whether you're seeking the vibrant city life or a quieter suburban community, there are plenty of affordable options to explore in the Panama City, FL metro area.

Apartments Under $1,200 Now vs. Last Month: Panama City and Surrounding Areas

City Apartments Under $1,200 in January M/M % Change
Panama City, FL 35 +0.94%
Panama City Beach, FL 3 +0.88%
Lynn Haven, FL 3 +0.67%

Looking for Apartments Under $1,200 in Panama City?

Available apartments under $1,200 493
Top amenities Dishwasher, On Site Laundry, Refrigerator, Range / Oven, Microwave
Deals 10
Pet friendly 31
Furnished 1
1 Bedroom 19
2 Bedroom 45
3 Bedroom 3
Browse Panama City Apartments
Panama City Apartments by Bedrooms
Panama City Apartments by Affordability
Panama City Apartments with Amenities
Panama City Apartments by Type
Panama City Apartments by Zip Code