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Affordable apartments in Panama City, Florida

12 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

12 lihtc

Buildings

ANDREWS PLACE I

LIHTC
1914 FRANKFORD AVE, PANAMA CITY, FL, 32405
Income-restricted units
200 of 200
Year placed in service
2004
Bedroom mix
32 1BR · 102 2BR · 66 3BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

SIENA GARDENS

LIHTC
901 W 19TH ST, PANAMA CITY, FL, 32405
Income-restricted units
150 of 150
Year placed in service
2003
Bedroom mix
78 1BR · 72 2BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

ANDREWS PLACE II

LIHTC
1914 FRANKFORD AVE, PANAMA CITY, FL, 32405
Income-restricted units
120 of 120
Year placed in service
2006
Bedroom mix
24 1BR · 60 2BR · 36 3BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

MAGNOLIA POINTE (PANAMA CITY)

LIHTC
2437 E 11TH ST, PANAMA CITY, FL, 32401
Income-restricted units
100 of 100
Year placed in service
1998
Bedroom mix
40 2BR · 48 3BR · 12 4+BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

EDGEWOOD APTS

LIHTC
3325 W 23RD ST, PANAMA CITY, FL, 32405
Income-restricted units
94 of 94
Year placed in service
2011
Bedroom mix
16 1BR · 42 2BR · 28 3BR · 8 4+BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

PANA VILLA

LIHTC
1802 FLOWER AVE, PANAMA CITY, FL, 32405
Income-restricted units
72 of 72
Year placed in service
2011
Bedroom mix
16 1BR · 24 2BR · 24 3BR · 8 4+BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

GATEWOOD

LIHTC
7100 NOEL RD, PANAMA CITY, FL, 32404
Income-restricted units
37 of 37
Year placed in service
8888

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

KURZE II

LIHTC
1009 N CHURCH AVE, PANAMA CITY, FL, 32401
Income-restricted units
20 of 20
Year placed in service
8888

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

KURZE I

LIHTC
1004 KURZE AVE, PANAMA CITY, FL, 32401
Income-restricted units
4 of 4
Year placed in service
8888

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

PELICAN POINTE

LIHTC
10320 CLARENCE STREET, PANAMA CITY, FL, 32407
Income-restricted units
Not reported of 78
Year placed in service
2018
Bedroom mix
45 2BR · 27 3BR · 6 4+BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

PANAMA COMMONS

LIHTC
1001 SHERMAN AVE, PANAMA CITY, FL, 32401
Income-restricted units
Not reported of 92
Year placed in service
2011
Bedroom mix
50 2BR · 34 3BR · 8 4+BR

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

FOXWOOD

LIHTC
1701 HAMILTON AVE, PANAMA CITY, FL, 32405
Income-restricted units
Not reported of 100
Year placed in service
8888

Estimated total housing cost: $1,221 rent + $169 utilities = $1,390/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Florida

Residential electricity in Florida runs about 15.43¢/kWh, with a typical monthly residential electric bill near $169. Natural gas runs about $28.02/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Panama City, FL

Metro-level
BedroomsLocal FMRNational median
Studio$1,038n/a
1 bedroom$1,160n/a
2 bedroom$1,221$1,502
3 bedroom$1,587n/a
4 bedroom$1,832n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Bay County, FL

Panama City-Panama City Beach, FL. FY2025. Area median income: $94,100.

Household size30% AMI50% AMI80% AMI
1 person$19,800$32,950$52,750
2 people$22,600$37,650$60,250
3 people$26,650$42,350$67,800
4 people$32,150$47,050$75,300
5 people$37,650$50,850$81,350
6 people$43,150$54,600$87,350
7 people$48,650$58,350$93,400
8 people$54,150$62,150$99,400

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Florida cities

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About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Panama City cost-of-living and Fair Market Rent overview