3306 Burt St
OmahaNE68131
Cheap Homes for Rent in Panama, IA from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Panama.
812 N 33rd St
OmahaNE68131
203 S 35th St
Council BluffsIA51501
1 2nd Ave
Council BluffsIA51503
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
502 William St
OmahaNE68108
2402 Ave A
Council BluffsIA51501
17 Hillside Dr
TreynorIA51575
456 S Walnut St
AvocaIA51521
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Panama, IA Local Guide
The little mermaid in Iowa by Owen Richard is licensed under CC BY 2.0
How much does it cost to rent a home in Panama?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panama 2 Bedroom Homes for Rent | $1,418 | $1,095 | $2,950 |
| Panama 3 Bedroom Homes for Rent | $1,735 | $1,395 | $2,595 |
| Panama 4 Bedroom Homes for Rent | $1,893 | $1,525 | $2,150 |
| Panama 5 Bedroom Homes for Rent | $2,822 | $2,795 | $2,850 |
| Panama 6 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Panama
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Panama, IA Local Guide
- Nearby Cities
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Cheapest Available Panama Apartments for Rent and Nearby
The cheapest available apartment rental in Panama, IA is a Studio unit found at Dana Village priced from $536. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Panama apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dana Village | S3 | Studio,1BA | $536 |
| Westwood Apartments | 2 BD | 2BR,1BA | $700 |
| Regency Villa of Atlantic | 1 Bedroom | 1BR,1BA | $775 |
Best Value Apartments for Rent in Panama, IA and Nearby
As of June 28, 2025 the best value apartment in the Panama area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Panama apartment is the 2BR/1.0BA Model at The Archive starting at $1,475 with a $1.21 price per square foot in the Twin City neighborhood. Here is today’s list of the best values for Panama apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Brandeis | AC.2B.2B.B/P | 2BR,2BA | $1.18 |
| The Archive | 2BR/1.0BA | 2BR,1BA | $1.21 |
| Residences at Sorensen Square | 3 Bedroom | 3BR,2BA | $1.08 |
| Westwood Apartments | 2 BD | 2BR,1BA | $0.67 |
| Deerfield Apartments | Birch | 2BR,2BA | $1.14 |
| The Bluffs | Townhome | 2BR,1.5BA | $1.12 |
| Deerfield | Two Bedroom 22A | 2BR,1.75BA | $1.26 |
| Larimore Senior Residences | One Bed/One Bath - 50% | 1BR,1BA | $1.28 |
| Dana Village | S1B | Studio ,1BA | $0.79 |
| Regency Villa of Atlantic | 1 Bedroom | 1BR,1BA | $1.29 |
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Frequently Asked Questions about Panama
What type of rentals are currently available in Panama?
There are currently 46 Apartments for Rent in Panama, IA with pricing that ranges from $536 to $2,450. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama ranging from $895 to $3,300.
What is the current price range for Rental Homes in Panama?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama ranges from $895 to $3,300 with an average monthly rent of $2,030.
How much are larger Three and Four Bedroom Rentals in Panama?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama range from $1,050 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,595. Four Bedroom Single-Family rentals are also available starting from $1,525 and Four Bedroom Apartments start at $1,500.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.