If you want to experience Panama City on the water, a unguided waverunner rental is a great way to do it. There are plenty of places to choose from, so you can pick the place that's just right for you. You can go and explore the area's waterways like nearby shell island, Grand Lagoon or head through the pass into the Gulf of Mexico and see the resident Dolphins! There are many rental companies, this is a partial list - have fun!!
Many of these companies also offer guided tours, if you're more comfortable going out with someone who knows the area:
AAA Jet Ski Rentals and Tours 850.253.8051 guided tours/unguided rentals/pontoon boats
Adventures At Sea 850-235-0009 guided tours/ parasail/hourly rentals/pontoon boats
Scottyboat Rentals 850-872-1714
Chawhos watercraft 850-814-2200
Gilligans 850-215-3900
Sunshinewatersportsofpc.com please contact 850-249-0990
Good luck and be safe while on vacation and please pay attention to the Beach Flag warning sysytem, remember two red flags means stay out of the water!!
Remember to ask alot of questions and compare before you spend your hard earned dollars, and just have fun!