13 communities researched · Public resident-feedback themes, advertised rents and property details · Updated Sep 2026
Panama City is Bay County's urban core along St. Andrews Bay, offering a broader mix of established 1980s-90s complexes and newly built (2022-2024) communities than the neighboring Panama City Beach resort strip. Rental demand is shaped by Tyndall Air Force Base, Gulf Coast State College, regional hospitals, and post-Hurricane Michael rebuilding, which has brought a wave of new-construction apartments to the North Bay, Jenks Avenue, and Harrison Avenue corridors.
As of mid-2026 public listings, 1BR rents in newer North Bay/Mill Bayou and Jenks Avenue-area communities generally run $1,250-$1,650, while older complexes along Harrison Avenue and central Panama City list 1BRs from roughly $1,000-$1,350. Panama City Beach and Grand Lagoon-adjacent properties typically command a premium and are treated as a separate submarket from Panama City proper.
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| Complex | Neighborhood | Beds | Advertised rents | Built |
|---|---|---|---|---|
| The Kelly at 23rd Luxury Apartments | 23rd Street corridor near Wilson Avenue | 1-3 BR | $1,459-$2,200 | 2024 |
| Westshore Palms | East 15th Street near Tram Road, close to the Callaway line | 1-3 BR | $1,274-$2,011 | 2008 |
| Emerald Park | East Panama City near the Callaway line, off Whelch Drive | 1-3 BR | $1,300-$1,850 | 2023 |
| Exchange at North Bay | Frankford Avenue in the North Bay area | 1-3 BR | $1,205-$1,820 | 2022 |
| The Lory of Panama City | Harrison Avenue corridor near 23rd Street Plaza | 1-3 BR | $1,350-$1,800 | 1986 |
| The Enclave | Harrison Avenue corridor near Jenks Avenue/Highway 77 | 1-3 BR | $1,329-$1,995 | 1993 |
| Eagles Landing Luxury Apartment Homes | Harrison Avenue corridor, adjacent to The Enclave | 1-3 BR | $1,309-$1,770 | 1993 |
| Waterstone at Jenks | N Jenks Avenue, just north of 23rd Street near the Lynn Haven line | 1-3 BR | $1,299-$1,899 | 2009 |
| Arbor Crossing at Mill Bayou | North Bay / Mill Bayou area, off SR 390 near the Lynn Haven line | 1-3 BR | $1,449-$2,110 | 2024 |
| Arbor Landing Mill Bayou | North Bay / Mill Bayou, off SR 390 near Highway 231 | 1-3 BR | $1,410-$1,999 | 2022 |
| North Bay Landings | North Bay area off Highway 390 | 1-3 BR | $1,294-$2,170 | 2022 |
| Stanford Pointe | Pretty Bayou, off Stanford Road near 15th Street | 1-3 BR | $1,386-$1,940 | 2022 |
| Residences at SweetBay | SweetBay master-planned community off Jenks Avenue | 1-3 BR | $1,430-$2,126 | 2022 |
Rents are approximate, from public listings at the research date — confirm with the property.
Renters insurance is not optional here. Many Florida leases require it, and standard policies generally do not cover flood damage — that may require separate coverage, even in an apartment. Before signing, look up the building's flood zone on FEMA's flood map service and ask which evacuation zone it sits in.
Ask about the real monthly cost. A recurring theme in public resident feedback is fee stacking: valet trash, common-area electric, mandatory bulk internet, pest control, admin and tech fees. Get the full itemized monthly figure in writing before you apply.
Tour with the AC running and ask about hurricanes. Humidity control is the difference between a fine unit and a moldy one; ask how old the AC is. And ask directly how the building handled the last major storm — communities that performed well say so happily, and reviewers call out the ones that didn't.
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