1 Bedroom Apartments for Rent in Panama, IL (28 Rentals)

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property at 205 North St

205 North St

RaymondIL62560
Showing Results 1-28, Page 1 of 1

Panama, IL Local Guide

Largest Available Panama and Nearby 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in Panama, IL is found at Cedar Point Apartments in the Metro East neighborhood and is 980 square feet priced from $1,050. Parkway Lakeside in the OFallon neighborhood has the second largest 1 Bedroom, which is sized at 838 square feet and currently listed start at $1,546. Here is today’s list of the largest available 1 Bedroom units in Panama:

Apartment ListingModel NameSquare FootagePriced From
Cedar Point ApartmentsTwo Bedroom Garden980 Sq Ft$1,050
Parkway LakesideOak838 Sq Ft$1,546
Station on Main1-1E835 Sq Ft$1,955
Green Mount LakesCartier823 Sq Ft$1,405
Thirteen01 at Hartman Lakes1 Bedroom816 Sq Ft$1,445
The Oasis at Hartman Lakes1 Bed766 Sq Ft$1,650
Marian Heights1 Bedroom754 Sq Ft$1,355
Latitude 38One Bedroom750 Sq Ft$1,650
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...700 Sq Ft$950
Metro Apartments At CollinsvilleAsk Us About Our Availability! - Up to $500 off...700 Sq Ft$1,000

Cheapest Available Panama and Nearby 1 Bedroom Apartments

As of July 23, 2025 the lowest priced 1 Bedroom apartment unit in Panama, IL is the 1BR Units Model starting from $650 at Rocwood Apartments . The second most affordable Panama 1 Bedroom is the One Bedroom Garden Model at Cedar Point Apartments starting at $900 in the Metro East neighborhood. The average price for all 1 Bedroom apartments in Panama is currently $1,484. Here is today’s list of the cheapest available 1 Bedroom options in Panama:

Apartment ListingModel NamePriced From
Rocwood Apartments1BR Units$650
Cedar Point ApartmentsOne Bedroom Garden$900
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...$950
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...$950
Metro Apartments at Granite CitySave up to $500 off Move In Costs with your EXC...$1,000
Metro Apartments At CollinsvilleAsk Us About Our Availability! - Up to $500 off...$1,000
Township Village Apartments1 Bed, 1 bath$1,173
Marian Heights1 Bedroom$1,355
Green Mount LakesCartier$1,405
Thirteen01 at Hartman Lakes1 Bedroom$1,445

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Getting Around Panama, IL

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 1 Bedroom Panama Apartments

How much is the average rent for a 1 Bedroom Panama Apartment?

The average rent for a 1 Bedroom Apartment in Panama is $1,484.

What is the largest available 1 Bedroom Panama Apartment for rent?

Today's apartment with the most square footage in Panama is a 980 square feet unit starting from $1,050 at Cedar Point Apartments.

What is the average size for Panama 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Panama is currently 600 sq ft.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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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.

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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.

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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.