
2 Bedroom Apartments for Rent in Panama, IL (46 Rentals)


Brandywine

Flax Meadow Townhomes

Storyboard on Park Entrance

Storyboard on Lancashire

The Oasis at Hartman Lakes

Parc at 720

ReNew Edwardsville Apartment Collection

The Social Edwardsville

Metro Apartments at Wood River
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Metro Apartments At Bethalto

Metro Apartments At Collinsville

Metro Apartments at Granite City

ReNew at Alton

Thirteen01 at Hartman Lakes

Parkway Lakeside
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Storyboard on Carol Ann

Cedar Point Apartments

Surrey Court Apartments

Broadway Place

Storyboard on Hayden

The Villas at Hartman Lakes

Marian Heights

Godfrey Estates

1208 W Johnson St
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2916 Edwards St

1432 Virginia Ave

140 Harnett Ave

23 Coachlight Trailer Park

722 Connor St

769 Condit St

10964 Upland Terrace

35 Colonial Mnr

2514 College Ave

211 Niagara St

1333 Milton Rd
Panama, IL Local Guide

How much does it cost to rent an apartment in Panama?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Panama Studio Apartments | $750 | $750 | $750 |
Panama 1 Bedroom Apartments | $1,411 | $520 | $2,095 |
Panama 2 Bedroom Apartments | $1,706 | $680 | $3,200 |
Panama 3 Bedroom Apartments | $1,926 | $800 | $2,748 |
Panama 4 Bedroom Apartments | $1,292 | $759 | $3,196 |
Browse Top Apartments in Panama
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Panama, IL Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Largest Available Panama and Nearby 2 Bedroom Apartments
The largest available 2 Bedroom apartment unit in Panama, IL is found at ReNew Edwardsville Apartment Collection in the Fruit Maple Carpenter neighborhood and is 1,900 square feet priced from $2,335. Brandywine in the OFallon neighborhood has the second largest 2 Bedroom, which is sized at 1,297 square feet and currently listed start at $2,175. Here is today’s list of the largest available 2 Bedroom units in Panama:
Apartment Listing | Model Name | Square Footage | Priced From |
---|---|---|---|
ReNew Edwardsville Apartment Collection | Cherry Hills- Evelyn | 1,900 Sq Ft | $2,335 |
Brandywine | 2.2 Den, Barber | 1,297 Sq Ft | $2,175 |
Parc at 720 | B1 | 1,250 Sq Ft | $915 |
Thirteen01 at Hartman Lakes | 2 bedroom | 1,179 Sq Ft | $1,775 |
The Oasis at Hartman Lakes | 2 Bed | 1,138 Sq Ft | $2,300 |
Brookside Manor | Two Bedroom | 1,125 Sq Ft | $1,275 |
Cedar Point Apartments | Two Bedroom Townhouse Deluxe | 1,080 Sq Ft | $1,200 |
Green Mount Lakes | Tiedmann | 1,042 Sq Ft | $1,564 |
Metro Apartments at Wood River | Save up to $500 off Move In Costs with your EXC... | 1,000 Sq Ft | $1,150 |
ReNew at Alton | Hunter | 1,000 Sq Ft | $1,285 |
Cheapest Available Panama and Nearby 2 Bedroom Apartments
As of May 21, 2025 the lowest priced 2 Bedroom apartment unit in Panama, IL is the 2BR Units Model starting from $850 at Rocwood Apartments . The second most affordable Panama 2 Bedroom is the 2 Beds, 1 bath Model at Surrey Court Apartments starting at $900 . The average price for all 2 Bedroom apartments in Panama is currently $1,706. Here is today’s list of the cheapest available 2 Bedroom options in Panama:
Apartment Listing | Model Name | Priced From |
---|---|---|
Rocwood Apartments | 2BR Units | $850 |
Surrey Court Apartments | 2 Beds, 1 bath | $900 |
Broadway Place | 2 Beds, 1 bath | $975 |
Parkview | 2x1 | $975 |
Metro Apartments at Wood River | Save up to $500 off Move In Costs with your EXC... | $1,050 |
Metro Apartments At Bethalto | Save up to $500 off Move In Costs with your EXC... | $1,050 |
Metro Apartments at Granite City | Save up to $500 off Move In Costs with your EXC... | $1,100 |
Cedar Point Apartments | Two Bedroom Townhouse Deluxe | $1,200 |
Brookside Manor | Two Bedroom | $1,275 |
ReNew at Alton | Hunter | $1,285 |
Quick Rent Budget Calculator
How much rent can you afford?
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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 2 Bedroom Panama Apartments
How much is the average rent for a 2 Bedroom Panama Apartment?
The average rent for a 2 Bedroom Apartment in Panama is $1,706.
What is the largest available 2 Bedroom Panama Apartment for rent?
Today's apartment with the most square footage in Panama is a 1,900 square feet unit starting from $2,335 at ReNew Edwardsville Apartment Collection.
What is the average size for Panama 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Panama is currently 934 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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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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
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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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