Cheap Apartments for Rent in Panama, NE from $800 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Panama.

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Showing Results 1-37, Page 1 of 1

Panama, NE Local Guide

Cheapest Available Panama Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panama, NE is a Studio unit found at Kensington Park in the Southern Hills neighborhood priced from $805. Lodge at Heritage Lakes in the Crown Pointe neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $916. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kensington ParkStudioStudio,1BA$805
Lodge at Heritage LakesConestogaStudio,1BA$916
Pine Lake Heights ApartmentsShelbyStudio,1BA$928
East Lake FlatsBerkleyStudio,1BA$945
Wilderness Creek ResidencesAzaleaStudio,1BA$985
Broadmoor27RossStudio,1BA$995
WH FlatsIrisStudio,1BA$1,008
AristosFlorenceStudio,1BA$1,045
Level at Village GardensPoppyStudio,1BA$1,099
Water's Edge at the WoodlandsBrookStudio,1BA$1,099

Best Value Apartments for Rent in Panama, NE and Nearby

As of May 20, 2025 the best value apartment in the Panama area is the $1.49 price per square foot B1R Model at The Donovan Apartment Homes in the in the Country Club neighborhood starting from $1,575. The second greatest value Panama apartment is the Sicily Model at Ridge Pointe Villas starting at $1,684 with a $1.63 price per square foot in the Southern Hills neighborhood. Here is today’s list of the best values for Panama apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Donovan Apartment HomesB1R2BR,2BA$1.49
Ridge Pointe VillasSicily2BR,2BA$1.63
Wilderness Hills South ApartmentsC1 Attached Garage2BR,2BA$1.55
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.27
Kensington Park6200 Building2BR,2BA$1.14
Aventine at Wilderness Hills ApartmentsThe Lancaster1BR,1BA$1.50
Highpointe by BroadmoorDenali1BR,1BA$1.45
29SouthRail21BR,1BA$1.67
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1.57
Lodge at Heritage LakesConestogaStudio ,1BA$1.57

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Pet Friendly Lifestyle
Panama, NE

Ranked #41

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Panama, NE Rentals by Map

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See the most popular apartments and homes in Panama, NE

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Getting Around Panama, NE

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 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 Cheap Panama Apartments

What is the Cheapest Studio apartment in Panama?

Currently the most affordable Cheap Studio Apartment in Panama is at Kensington Park listed at $805.

How much is rent for a Cheap One Bedroom Panama Apartment?

The lowest price for a Cheap One Bedroom Panama Apartment is $990 at Pine Lake Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Panama Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Panama is starting from $1,010 at Kensington Park.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at Lodge at Heritage Lakes and starts from $1,724.

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.

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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.

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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.

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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.