Cheap Apartments for Rent in Panama, NE from $700 (38 Rentals)

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

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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-38, 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 1 Bed unit found at Sutter Place in the Country Club neighborhood priced from $850. Hickman Hills Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sutter Place1 Bed, 1 Bath1BR,1BA$850
Hickman Hills ApartmentsAStudio,1BA$895
Notting Hill ApartmentsSStudio,1BA$955
Wilderness Creek ResidencesAzaleaStudio,1BA$985
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$995
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1,025
East Lake FlatsAspynStudio,1BA$1,035
Water's Edge at the WoodlandsBrookStudio,1BA$1,039
Kensington Park6231 Attached Garage1BR,1BA$1,050

Best Value Apartments for Rent in Panama, NE and Nearby

As of March 14, 2026 the best value apartment in the Panama area is the $1.40 price per square foot Presley Model at Broadmoor27 in the in the Porter Ridge neighborhood starting from $1,700. The second greatest value Panama apartment is the 2 Bedroom, 2 Bathroom - 950 SF Model at Somerset starting at $1,295 with a $1.36 price per square foot in the Taylor Park 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.
Broadmoor27Presley2BR,2BA$1.40
Somerset2 Bedroom, 2 Bathroom - 950 SF2BR,2BA$1.36
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.32
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Kensington Park6231 Attached Garage1BR,1.5BA$1.27
Aventine at Wilderness HillsThe Mahoney1BR,1BA$1.47
Sutter Place1 Bed, 1 Bath1BR,1BA$1.06
Wilderness Hills South ApartmentsB1/B21BR,1BA$1.40
Highpointe by BroadmoorDenali1BR,1BA$1.39
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #53

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 $850 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 Kensington Park and starts from $1,500.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.