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Housing Statistics · City estimate

Median rent in Panama City

2013 – 2024 · 12 data points 278 of 367 · Towns of Florida Updated Nov 5, 2026

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

Median rent, 2013 – 2024 US Dollar · Panama City · Bay County · Florida · United States
+58% since 2014
Panama City Bay County Florida United States

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

Compared with Median rent · US Dollar
Panama City
$1,327
Bay County
$1,484
Florida
$1,669
United States
$1,413

Source: U.S. Census Bureau, American Community Survey 5-year estimates

The series at a glance Panama City · 2013 – 2024
Latest value $1,327 · 2024
First value $848 · 2013
Highest $1,334 · 2023
Lowest $842 · 2014
Average change +4.2% a year on average
Data points 12

By year

All years · 2013 – 2024

YearPanama City±Change Bay CountyFloridaUnited States
2024estimate $1,327 $53 −0.5% $1,484 $1,669 $1,413
2023estimate $1,334 $63 +9.3% $1,424 $1,564 $1,348
2022estimate $1,221 $80 +14% $1,311 $1,444 $1,268
2021estimate $1,074 $62 +11% $1,191 $1,301 $1,163
2020estimate $964 $51 +2.0% $1,099 $1,218 —
2019estimate $945 $45 +4.7% $1,049 $1,175 —
2018estimate $903 $40 +2.5% $1,009 $1,128 —
2017estimate $881 $30 +3.9% $966 $1,077 —
2016estimate $848 $37 +0.7% $943 $1,032 —
2015estimate $842 $30 ±0.0% $922 $1,002 —
2014estimate $842 $28 −0.7% $932 $998 —
2013estimate $848 $21 $932 $990 —

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2013 – 2024

Ranking · Towns of Florida

2016 · Place 1 is the highest value.

#TerritoryMedian rent
1 Southwest Ranches $2,853
2 Parkland $2,663
3 Key Biscayne $2,549
4 Highland Beach $2,469
5 Belleair Beach $2,301
6 Sewall's Point $2,226
7 Sea Ranch Lakes $2,205
8 Surfside $1,995
9 Weston $1,933
10 Juno Beach $1,923
11 Redington Beach $1,917
12 Cudjoe Key $1,882
13 Sun City Center $1,856
14 Trinity $1,823
15 Doral $1,806
16 Pineland $1,800
17 South Palm Beach $1,777
18 Cooper City $1,768
19 Duck Key $1,760
20 Bal Harbour $1,727
21 Hillsboro Beach $1,713
22 The Acreage $1,690
23 Aventura $1,681
24 Tierra Verde $1,667
25 Fruit Cove $1,662
…
290 Fort Myers $851
291 Goulds $850
292 Yankeetown $850
293 Panama City $848
294 Hilliard $847
295 Titusville $845
296 Port St Joe $841
…

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2016

What it means

The monthly rent in the middle of all rented homes.

How it is calculated

Median gross rent per month including utilities, from the survey.