Cheap Apartments for Rent near Panama, NE from $795 (29 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 1-29, 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
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Lodge at Heritage LakesMeadow Lane Courtyard1BR,1BA$1,042
AristosFlorenceStudio,1BA$1,045
Kensington Park6300 Building2BR,2BA$1,060
Highpointe by BroadmoorRainier1BR,1BA$1,075
Rockledge Oaks ApartmentsA1BR,1BA$1,075
Summit Falls Apartments & TownhomesOne Bedroom1BR,1BA$1,095
The DakotaThe BronxStudio,1BA$1,105

Best Value Apartments for Rent in Panama, NE and Nearby

As of September 12, 2026 the best value apartment in the Panama area is the $1.40 price per square foot D1 +Den Model at Wilderness Hills South Apartments in the in the Porter Ridge neighborhood starting from $1,800. The second greatest value Panama apartment is the Cornhusker Overlook with Attached Garage Model at Lodge at Heritage Lakes starting at $1,578 with a $1.46 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.
Wilderness Hills South ApartmentsD1 +Den2BR,2BA$1.40
Lodge at Heritage LakesCornhusker Overlook with Attached Garage2BR,2BA$1.46
Water's Edge at the WoodlandsCanal2BR,2BA$1.49
Kensington Park5100 Attached Garage2BR,2BA$1.22
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.29
The Donovan Apartment HomesA4R1BR,1BA$1.38
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Aventine at Wilderness HillsThe Mahoney1BR,1BA$1.57
Tamarin RidgeBridle1BR,1BA$1.56
Somerset1 Bedroom, 1 Bathroom - 750 SF Reno1BR,1BA$1.54

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 #73

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 $1,678.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.