How much is a 2-bedroom apartment in Panama City Beach, FL?

Name: Rent by bedrooms in Panama City Beach, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

In Panama City Beach, FL, the median gross rent for a two-bedroom home is $1,884 (±$140) a month (2020–2024 American Community Survey, table B25031).

A one-bedroom home rents for a median of $1,720 (±$43).

A three-bedroom home rents for a median of $1,875 (±$215).

HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Panama City, FL HUD Metro FMR Area is $1,651.

Figures last updated on November 12, 2026.

Studio: $1,427 (±$205)
1 bedroom: $1,720 (±$43)
2 bedrooms: $1,884 (±$140)
3 bedrooms: $1,875 (±$215)

Rent by bedroom count in Panama City Beach

Median gross rent by number of bedrooms, estimate (90% margin of error)
	Panama City Beach	Bay County	Florida	United States
Studio	$1,427 (±$205)	$1,248 (±$130)	$1,394 (±$19)	$1,248
1 bedroom	$1,720 (±$43)	$1,390 (±$87)	$1,430 (±$8)	$1,235
2 bedrooms	$1,884 (±$140)	$1,415 (±$44)	$1,664 (±$7)	$1,407
3 bedrooms	$1,875 (±$215)	$1,684 (±$55)	$1,884 (±$10)	$1,584
4 bedrooms	$1,836 (±$243)	$2,118 (±$225)	$2,210 (±$22)	$1,957

A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.

Census rents against HUD’s Fair Market Rent, fiscal year 2027

Dollars a month; the Fair Market Rent is for the Panama City, FL HUD Metro FMR Area
	Census median, this place	HUD Fair Market Rent
1 bedroom	$1,720 (±$43)	$1,517
2 bedrooms	$1,884 (±$140)	$1,651
3 bedrooms	$1,875 (±$215)	$2,101

A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.

The two answer different questions and are not expected to match.

Median gross rent, 2 bedrooms in places near Panama City Beach

Nearest places with a published estimate, compared with Panama City Beach
Place	Distance	Median gross rent, 2 bedrooms	Compared with this place
Panama City Beach	—	$1,884 (±$140)	—
Laguna Beach	4.7 mi	$1,513 (±$518)	Not measurably different
Upper Grand Lagoon	8.4 mi	$1,510 (±$185)	Lower
Lower Grand Lagoon	9.7 mi	$1,460 (±$143)	Lower
Pretty Bayou	11 mi	$1,132 (±$24)	Lower
Panama City	13 mi	$1,325 (±$122)	Lower
Ebro	14 mi	$950 (±$168)	Lower
Lynn Haven	14 mi	$1,423 (±$82)	Lower
Cedar Grove	15 mi	$1,311 (±$179)	Lower

Nearby places with a measurably lower figure: Upper Grand Lagoon, FL ($1,510), Lower Grand Lagoon, FL ($1,460), Pretty Bayou, FL ($1,132).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent, 2 bedrooms across Bay County, place by place

Rank	Place	Median gross rent, 2 bedrooms
1	Mexico Beach	$2,063 (±$377)
2	Panama City Beach	$1,884 (±$140)
3	Laguna Beach	$1,513 (±$518)
4	Upper Grand Lagoon	$1,510 (±$185)
5	Lower Grand Lagoon	$1,460 (±$143)
6	Lynn Haven	$1,423 (±$82)
7	Panama City	$1,325 (±$122)
8	Callaway	$1,319 (±$59)

Showing 8 of 12 places in Bay County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Panama City Beach

How much is a one-bedroom apartment in Panama City Beach?

The median gross rent for a one-bedroom home in Panama City Beach, FL is $1,720 (±$43) a month (2020–2024 American Community Survey).

How much is a two-bedroom apartment in Panama City Beach?

The median gross rent for a two-bedroom home in Panama City Beach, FL is $1,884 (±$140) a month (2020–2024 American Community Survey).

How much does a three-bedroom rental cost in Panama City Beach?

The median gross rent for a three-bedroom home in Panama City Beach, FL is $1,875 (±$215) a month (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Panama City Beach city, Florida (place:54725, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.