Cheap Apartments for Rent near Panama, NE from $700 (36 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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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Showing Results 1-36, 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. Sutter Place in the Country Club neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hickman Hills ApartmentsAStudio,1BA$895
Sutter Place1 Bed, 1 Bath1BR,1BA$950
Lodge at Heritage LakesConestogaStudio,1BA$953
Level at Village GardensPoppyStudio,1BA$999
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1,025
AristosFlorenceStudio,1BA$1,045
Kensington Park6300 Building2BR,2BA$1,060
Highpointe by BroadmoorRainier1BR,1BA$1,075
Rockledge Oaks ApartmentsA1BR,1BA$1,095

Best Value Apartments for Rent in Panama, NE and Nearby

As of July 28, 2026 the best value apartment in the Panama area is the $1.26 price per square foot The Wilber Model at The Mirada in the in the Southern Hills neighborhood starting from $1,625. The second greatest value Panama apartment is the The Cornhusker Model at Ashbrook by Broadmoor starting at $1,800 with a $1.52 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.
The MiradaThe Wilber2BR,2BA$1.26
Ashbrook by BroadmoorThe Cornhusker2BR,2BA$1.52
29SouthPinewood2BR,2BA$1.44
Water's Edge at the WoodlandsCanal2BR,2BA$1.49
Kensington Park5100 Attached Garage2BR,2BA$1.22
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.29
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
The Donovan Apartment HomesA3R1BR,1BA$1.46
Sutter Place1 Bed, 1 Bath1BR,1BA$1.19
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 #61

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 $950 at Sutter Place.

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 Williamsburg Park Apartments and starts from $1,507.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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

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.