Champaign-Urbana vs Panama City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Champaign-Urbana is 15% cheaper for renters. A 2-bedroom rents for $764/mo vs $879/mo in Panama City — saving $1,380/year.
Rent by Unit Size
| Unit Size | Champaign-Urbana | Panama City | Difference |
|---|---|---|---|
| Studio | $503 | $571 | $68 |
| 1 Bedroom | $642 | $706 | $64 |
| 2 Bedrooms | $764 | $879 | $115 |
| 3 Bedrooms | $1,017 | $1,032 | $15 |
| 4 Bedrooms | $1,103 | $1,302 | $199 |
| Median Income | $49,808 | $44,385 | $5,423 |
Champaign-Urbana
- Studio
- $503/mo
- 1 BR
- $642/mo
- 2 BR
- $764/mo
- 3 BR
- $1,017/mo
- 4 BR
- $1,103/mo
- Median Income
- $49,808/yr
Panama City
- Studio
- $571/mo
- 1 BR
- $706/mo
- 2 BR
- $879/mo
- 3 BR
- $1,032/mo
- 4 BR
- $1,302/mo
- Median Income
- $44,385/yr
Frequently Asked Questions
Is Champaign-Urbana or Panama City cheaper to rent in?
Champaign-Urbana is cheaper — a 2-bedroom Fair Market Rent is $764/mo vs $879/mo in Panama City. That's $115/mo or $1,380/year more expensive in Panama City (15% higher).
What is the 2-bedroom rent in Champaign-Urbana vs Panama City?
The HUD Fair Market Rent for a 2-bedroom in Champaign-Urbana is $764/month. In Panama City, a 2-bedroom FMR is $879/month.
How do incomes compare between Champaign-Urbana and Panama City?
The median household income in Champaign-Urbana is $49,808/year. In Panama City it is $44,385/year. Champaign-Urbana has the higher median income.
What is the studio rent in Champaign-Urbana vs Panama City?
A studio apartment Fair Market Rent in Champaign-Urbana is $503/mo. In Panama City it is $571/mo.