Cheap Apartments for Rent in Panama, NE from $700 (40 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1111 E St

$650

Studio To 1 Bedroom Rentals

Available Now

1111 E St

LincolnNE68508

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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property at 1618 S 14th St

$1,200 - $1,350

2 To 3 Bedroom Rentals

Available Now

1618 S 14th St

LincolnNE68502

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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Showing Results 1-40, 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 Hickman Hills Apartments priced from $895. Somerset in the Taylor Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hickman Hills ApartmentsAStudio,1BA$895
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$999
The MiradaThe RocaStudio,1BA$999
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Highpointe by BroadmoorRainier1BR,1BA$1,025
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1,025
East Lake FlatsAspynStudio,1BA$1,045
WH FlatsPoppyStudio,1BA$1,048
Kensington Park6300 Building2BR,2BA$1,060
Rockledge Oaks ApartmentsA1BR,1BA$1,085

Best Value Apartments for Rent in Panama, NE and Nearby

As of June 13, 2026 the best value apartment in the Panama area is the $1.36 price per square foot TriCourt Courtyard Model at Lodge at Heritage Lakes in the in the Family Acres neighborhood starting from $1,800. The second greatest value Panama apartment is the Two Bedroom Model at Summit Falls Apartments & Townhomes starting at $1,530 with a $1.20 price per square foot in the Family Acres 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.
Lodge at Heritage LakesTriCourt Courtyard3BR,2BA$1.36
Summit Falls Apartments & TownhomesTwo Bedroom2BR,2BA$1.20
Ashbrook by BroadmoorThe Cornhusker2BR,2BA$1.52
Water's Edge at the WoodlandsCanal2BR,2BA$1.43
Kensington Park5100 Attached Garage2BR,2BA$1.22
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.32
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Wilderness Hills South ApartmentsB1/B21BR,1BA$1.40
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$1.33
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1.46

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Panama, NE

Ranked #57

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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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 Hickman Hills Apartments listed at $895.

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

The lowest price for a Cheap One Bedroom Panama Apartment is $999 at Somerset.

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 $1,000 at 56th Street Lofts &.

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 $1,800.

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.