1 Bedroom Apartments for Rent in Panama, IL (29 Rentals)

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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McKay Manor
1 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230
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Marian Heights
1 Bedroom Apartments

Marian Heights

20 Marian Heights DrAlton, IL 62002
Senior Living
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Statewood Manor
1 Bedroom Apartments

Statewood Manor

830 N Cherry StO'Fallon, IL 62269

Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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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 $1,100. Artisan in the OFallon neighborhood has the second largest 1 Bedroom, which is sized at 920 square feet and currently listed start at $1,740. 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$1,100
Artisan1 Bedroom920 Sq Ft$1,740
Green Mount LakesCartier823 Sq Ft$1,482
Lakewood Estates1 Bedroom800 Sq Ft$750
The Oasis at Hartman LakesOasis 1 Bedroom 1 Bath766 Sq Ft$1,599
Marian Heights1 Bedroom754 Sq Ft$1,393
McKay Manor1 Bdrm738 Sq Ft$475
Station on Main1-1F716 Sq Ft$2,240
Metro Apartments At Collinsville1BD/1BA Upgraded700 Sq Ft$1,000
Rocwood Apartments1BR Units600 Sq Ft$700

Cheapest Available Panama and Nearby 1 Bedroom Apartments

As of June 13, 2026 the lowest priced 1 Bedroom apartment unit in Panama, IL is the One Bedroom Model starting from $200 at Cedars of Lebanon Apartments in the Metro East neighborhood. The second most affordable Panama 1 Bedroom is the 1 Bdrm Model at McKay Manor starting at $475 . The average price for all 1 Bedroom apartments in Panama is currently $1,542. Here is today’s list of the cheapest available 1 Bedroom options in Panama:

Apartment ListingModel NamePriced From
Cedars of Lebanon ApartmentsOne Bedroom$200
McKay Manor1 Bdrm$475
Rocwood Apartments1BR Units$700
Lakewood Estates1 Bedroom$750
Cedar Point ApartmentsOne Bedroom Garden$950
ReNew at AltonFinley$989
Metro Apartments At Collinsville1BD/1BA Upgraded$1,000
Township Village Apartments1 Bed, 1 bath$1,254
Marian Heights1 Bedroom$1,393
Whispering Heightswh.A1$1,425

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about 1 Bedroom Panama Apartments

What is the Cheapest apartment in Panama with 1 Bedroom?

Currently the most affordable 1 Bedroom in Panama is at Cedars of Lebanon Apartments listed at $200.

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

The average rent for a 1 Bedroom Apartment in Panama is $1,542.

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 $1,100 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 655 sq ft.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Written by: Lauren Harrington

This article was written based on first-hand renter experiences and common layout challenges identified after move-in.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.