2 Bedroom Apartments for Rent in Panama, IL (64 Rentals)

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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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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.

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Parc at 720
Rent Specials
$975 - $1,960
Total Monthly Price

Total Monthly Price

Base Rent
$760 - $3,010
Total Monthly Price
Varies
2 Bedroom Apartments Available Aug 21

Parc at 720

720 Puma BlvdEdwardsville, IL 62025
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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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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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property at 106 Lee Dr

$1,025

2 Bedroom Rentals

Available Now

106 Lee Dr

O'FallonIL62269

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Panama, IL Local Guide

Largest Available Panama and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Panama, IL is found at Brandywine in the OFallon neighborhood and is 1,621 square feet priced from $2,695. Artisan has the second largest 2 Bedroom, which is sized at 1,220 square feet and currently listed start at $1,985. Here is today’s list of the largest available 2 Bedroom units in Panama:

Apartment ListingModel NameSquare FootagePriced From
Brandywine2.2 Den, Adams1,621 Sq Ft$2,695
Artisan2 Bedroom with Den1,220 Sq Ft$1,985
Thirteen01 at Hartman Lakes2 bedroom1,179 Sq Ft$1,875
The Oasis at Hartman LakesOasis 2 Bedroom 2 Bath1,138 Sq Ft$2,400
1118 E 3rd St2 Beds, 1 bath1,100 Sq Ft$1,295
Parkview2x1.51,100 Sq Ft$1,150
Whispering Heightswh.B31,079 Sq Ft$1,950
Storyboard on LancashireLancashire B11,060 Sq Ft$1,250
ReNew Edwardsville Apartment Collection2 BR x 1.5 BA Townhome w/ Garage - Cherry Hills II1,025 Sq Ft$1,609
Metro Apartments at Granite City2BR/1B TH1,000 Sq Ft$1,200

Cheapest Available Panama and Nearby 2 Bedroom Apartments

As of June 13, 2026 the lowest priced 2 Bedroom apartment unit in Panama, IL is the Two Bedroom Model starting from $200 at Cedars of Lebanon Apartments in the Metro East neighborhood. The second most affordable Panama 2 Bedroom is the Two Bed Model at Flax Meadow Townhomes starting at $715 . The average price for all 2 Bedroom apartments in Panama is currently $1,795. Here is today’s list of the cheapest available 2 Bedroom options in Panama:

Apartment ListingModel NamePriced From
Cedars of Lebanon ApartmentsTwo Bedroom$200
Flax Meadow TownhomesTwo Bed$715
Broadway PlaceTwo Bedroom Apartment$752
Kingsbury Campus Apartments2 Beds, 1 Bath Model$800
The Raymond ApartmentsTwo bedroom$800
Rocwood Apartments2BR Units$875
Surrey Court Apartments2 Beds, 1 bath$970
Parkview2x1.5$1,150
Metro Apartments at Granite City2BR/1B TH$1,200
Storyboard on LancashireLancashire B1$1,250

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 2 Bedroom Panama Apartments

What is the Cheapest apartment in Panama with 2 Bedroom?

Currently the most affordable 2 Bedroom in Panama is at Cedars of Lebanon Apartments listed at $200.

How much is the average rent for a 2 Bedroom Panama Apartment?

The average rent for a 2 Bedroom Apartment in Panama is $1,795.

What is the largest available 2 Bedroom Panama Apartment for rent?

Today's apartment with the most square footage in Panama is a 1,621 square feet unit starting from $2,695 at Brandywine.

What is the average size for Panama 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Panama is currently 959 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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.