3 Bedroom Apartments for Rent near Panama, IL (25 Rentals)

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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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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Showing Results 1-25, Page 1 of 1

Panama, IL Local Guide

Largest Available Panama and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Panama, IL is found at ReNew Edwardsville Apartment Collection in the Edwardsville neighborhood and is 1,500 square feet priced from $2,249. McKay Manor in the Clinton County neighborhood has the second largest 3 Bedroom, which is sized at 1,266 square feet and currently listed start at $587. Here is today’s list of the largest available 3 Bedroom units in Panama:

Apartment ListingModel NameSquare FootagePriced From
ReNew Edwardsville Apartment Collection3 BR x 2.5 BA Townhome - South Pointe1,500 Sq Ft$2,249
McKay Manor3 Bdrm1,266 Sq Ft$587
Flax Meadow TownhomesThree Bed1,204 Sq Ft$883
Capitol Pointe ApartmentsCapitol Pointe 3BR/1BA Waiting List1,103 Sq FtCall for Rates
Kingsbury Campus Apartments3 Beds, 2 Baths Model1,103 Sq FtCall for Rates

Cheapest Available Panama and Nearby 3 Bedroom Apartments

As of July 29, 2026 the lowest priced 3 Bedroom apartment unit in Panama, IL is the 3 Bdrm Model starting from $587 at McKay Manor in the Clinton County neighborhood. The second most affordable Panama 3 Bedroom is the Three Bedroom Apartment Model at Broadway Place starting at $859 in the South Roxana neighborhood. The average price for all 3 Bedroom apartments in Panama is currently $1,795. Here is today’s list of the cheapest available 3 Bedroom options in Panama:

Apartment ListingModel NamePriced From
McKay Manor3 Bdrm$587
Broadway PlaceThree Bedroom Apartment$859
Flax Meadow TownhomesThree Bed$883
Rocwood Apartments3BR Units$1,200
ReNew Edwardsville Apartment Collection3 BR x 2.5 BA Townhome - South Pointe$2,249

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about 3 Bedroom Panama Apartments

What is the Cheapest apartment in Panama with 3 Bedroom?

Currently the most affordable 3 Bedroom in Panama is at McKay Manor listed at $587.

How much is the average rent for a 3 Bedroom Panama Apartment?

The average rent for a 3 Bedroom Apartment in Panama is $1,795.

What is the largest available 3 Bedroom Panama Apartment for rent?

Today's apartment with the most square footage in Panama is a 1,500 square feet unit starting from $2,249 at ReNew Edwardsville Apartment Collection.

What is the average size for Panama 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Panama is currently 1,246 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.