Are apartments cheaper than hotels in Panama City (FL)?
No: in Panama City (FL), apartments and homes on Agoda asked a median $477 a night against $92 for hotels on Agoda, 421% more (latest scan 7 November 2026; priced on a typical night: apartments and homes on Agoda 118, hotels on Agoda 74). Nights measured on both sides: 84, from 13 November 2026 to 4 February 2027, read on 7 November 2026.
Measured by Bed&Market (bedandmarket.com) from 208 places checked, read 7 November 2026 18:36 UTC.
Updated
Hotels and apartments side by side
On a typical night in Panama City (FL), the middle half of asking prices ran from $74 to $136 for hotels on Agoda and from $338 to $680 for apartments and homes on Agoda.
| Places | Median asking price | Lower quarter (p25) | Upper quarter (p75) | With a price, typical night | Nights |
|---|---|---|---|---|---|
| Hotels on Agoda | $92 | $74 | $136 | 74 | 84 |
| Apartments and homes on Agoda | $477 | $338 | $680 | 118 | 84 |
| All places pooled | $324 | $114 | $568 | 193 | 84 |
Each night's figure is the median (or quarter) of that night's asking prices for one night; each figure here is the median of those nights. The pooled row puts every asking price of a night into one list.
Friday and Saturday nights on each side
Friday and Saturday nights in Panama City (FL) against Monday to Thursday: +15% for hotels on Agoda and +12% for apartments and homes on Agoda.
| Places | Friday + Saturday | Monday – Thursday | Weekend against Mon–Thu | Fri + Sat nights | Mon–Thu nights |
|---|---|---|---|---|---|
| Hotels on Agoda | $101 | $88 | +15% | 24 | 48 |
| Apartments and homes on Agoda | $520 | $463 | +12% | 24 | 48 |
Medians of the nightly medians; Sunday nights sit in neither group.
Month by month
The gap in Panama City (FL) was widest in November 2026: $506 for apartments and homes on Agoda against $91 for hotels on Agoda, 459% more.
| Month | Hotels on Agoda | Apartments and homes on Agoda | Difference | Nights | Latest scan |
|---|---|---|---|---|---|
| November 2026 | $91 | $506 | +459% | 24 | 7 November 2026 |
| December 2026 | $87 | $454 | +421% | 31 | 7 November 2026 |
| January 2027 | $94 | $509 | +440% | 31 | 7 November 2026 |
Each month is the median of its nightly medians over the nights read on both sides; the month links to its own page.
On event and holiday nights
On 26 November 2026 in Panama City (FL) (Thanksgiving Day), apartments and homes on Agoda asked a median $516 against $93 for hotels on Agoda, 457% more.
| Night | Event or holiday | Hotels on Agoda | Apartments and homes on Agoda | Difference | With a price: hotels / apartments |
|---|---|---|---|---|---|
| 26 November 2026 | Thanksgiving Day | $93 | $516 | +457% | 75 / 119 |
| 25 December 2026 | Christmas Day | $105 | $470 | +349% | 77 / 104 |
| 1 January 2027 | New Year's Day | $116 | $557 | +378% | 70 / 103 |
| 18 January 2027 | Martin Luther King Jr. Day | $95 | $480 | +404% | 72 / 109 |
Each event is printed beside the night it fell on; the prices are that night's asking prices and do not say what moved them.
What counts as a hotel and an apartment here
Places with a price on Agoda on a typical night in Panama City (FL): 193 in all, 74 of them hotels and 118 apartments and homes.
- Apartments and homes on Agoda: the places Agoda lists as not a hotel (apartments, B&Bs, holiday lets and private rooms), priced in the same search as its hotels, one night for 2 adults.
- Hotels on Agoda: the places Agoda files as a hotel; Agoda files many guesthouses, hostels and aparthotels there too, so the apartment count is a floor.
- A place Agoda gives no kind for is in the pooled row only.
- Both sides come from the same Agoda search on the same night.
What was measured
Nights measured in Panama City (FL) on both sides: 84, from 13 November 2026 to 4 February 2027; each with at least 30 places showing a price on Agoda.
- Up to 208 places checked per night on Agoda; a place with no price that night (sold out or closed) is counted but carries no price.
- Prices in USD, as shown on the day each night was read on Agoda, on 7 November 2026.
- Asking prices seen while searching for one night: not prices paid, and not a forecast.
Source: asking prices for one night, read from public search results on the scan date; not prices paid, and not a forecast. How we measure →