Low Income Apartments and Affordable Housing For Rent in Panama City, FL

Discover affordable housing in Panama City where there are 122+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

111 Abigail Ln

111 Abigail Ln, Panama City, Florida 32404

bed 3
payment $1750/mo.

1210 Tuscany Rd

1210 Tuscany Rd, Panama City, Florida 32405

bed 3
payment $2050/mo.

3519 E 1st Ct Unit 3534 St John St 100

3519 E 1st Ct Unit 3534 St John St 100, Panama City, Florida 32401

bed 4
payment $1425/mo.

3864 Redbud Wy

3864 Redbud Wy, Panama City, Florida 32404

bed 4
payment $2400/mo.

122 N Claire Dr

122 N Claire Dr, Panama City, Florida 32401

bed 3
payment $1900/mo.

3120 Minnesota Ave

3120 Minnesota Ave, Panama City, Florida 32405

bed 3
payment $1550/mo.

265 15th St

265 15th St, Panama City, Florida 32401

bed 2
payment $607/mo.

4338 Brannon Rd

4338 Brannon Rd, Panama City, Florida 32404

bed 3
payment $1350/mo.

5211 Beach Dr

5211 Beach Dr, Panama City, Florida 32408

bed 3
payment $1950/mo.

2925 Cedars Crossing

2925 Cedars Crossing, Panama City, Florida 32405

bed 4
payment $2300/mo.

6316 Lance St

6316 Lance St, Panama City, Florida 32404

bed 4
payment $1630/mo.

346 Mercedes Ave

346 Mercedes Ave, Panama City, Florida 32401

bed 3
payment $1850/mo.

619 E 13th St Unit 621 E. 13th St

619 E 13th St Unit 621 E. 13th St, Panama City, Florida 32401

bed 2
payment $800/mo.

2805 W 21st St

2805 W 21st St, Panama City, Florida 32405

bed 4
payment $2300/mo.

6420 Wildwood Ct

6420 Wildwood Ct, Panama City, Florida 32404

bed 4
payment $2000/mo.

1402 E 2nd Ct

1402 E 2nd Ct, Panama City, Florida 32401

bed 4
payment $2250/mo.

176 Ryder Ln

176 Ryder Ln, Panama City, Florida 32404

bed 4
payment $2400/mo.

149 N Hwy 22 A Unit 1

149 N Hwy 22 A Unit 1, Panama City, Florida 32404

bed 2
payment $1175/mo.

6035 E Hwy 98

6035 E Hwy 98, Panama City, Florida 32404

bed 2
payment $1200/mo.

7152 Riverbrooke St

7152 Riverbrooke St, Panama City, Florida 32404

bed 4
payment $2200/mo.

How To Identify Affordable Housing in Panama City, Florida

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Panama City, Florida
$28.84/hour
$16.84 (+140%) more than Florida minimum wage and $21.59 (+298%) more than the Federal minimum wage.
Learn More About Panama City, Florida Affordable Housing ↓

What HUD offices serve Panama City, Florida?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Panama City, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Panama City.

How many renters live in Panama City, Florida?

The City of Panama City has people living in households.

There are renters living in renter households in this City. Renters make up 43.88 percent of the population living in Panama City.

What is the rental market like in Panama City, Florida?

There are an estimated housing units in the Panama City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Panama City, Florida, there are 1.04 rental units.

What is the vacancy rate for rentals in Panama City?

The rental vacancy rate in Panama City is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Panama City for each bedroom size?

Occupied Rental Units by Size in Panama City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
126 1,494 2,853 1,725 245
Occupied Rental Units by Size in Panama City

A large number of apartments in Panama City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Panama City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,269 to $2,585. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,269
One BR $1,297
Two BR $1,523
Three BR $2,065
Four BR $2,585
2024 Fair Market Rents in Panama City, Florida

How many units are rented at Fair Market Rent (FMR) in Panama City?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 95 75 percent
One BR 1,185 79 percent
Two BR 2,006 70 percent
Rental Units Below FMR in Panama City, Florida

How many affordable rental units are in Panama City?

There are a variety of federal affordable housing programs serving households in Panama City, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Panama City, Florida

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Panama City, Florida

Panama City features 1,275 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Panama City, Florida

There are 566 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panama City.

Housing Choice Vouchers in Panama City, Florida

On average, Section 8 Housing Choice vouchers pay Panama City landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Panama City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Panama City, Florida for a two-bedroom apartment is between $1,371 and $1,675.

Sourced from federal housing data and AffordableHousingOnline.com research.

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