
Cheap Homes for Rent in Panama, NE from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Panama.


1503 S 22nd St

1702 S 11th St

317 S 47th St
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.

1641 Prospect St

1360 S 35th St

1350 S 35th St

1618 S 14th St
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.
Panama, NE Local Guide

How much does it cost to rent a home in Panama?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Panama 2 Bedroom Homes for Rent | $1,680 | $895 | $2,550 |
Panama 3 Bedroom Homes for Rent | $1,829 | $1,200 | $2,900 |
Panama 4 Bedroom Homes for Rent | $2,470 | $1,600 | $3,200 |
Panama 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Panama
Explore Panama
Panama, NE Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Family Acres neighborhood priced from $805. Lodge at Heritage Lakes in the Family Acres neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $897. Here is today’s list of the most affordable Panama apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Kensington Park | Studio | Studio,1BA | $805 |
Lodge at Heritage Lakes | Conestoga | Studio,1BA | $897 |
East Lake Flats | Berkley | Studio,1BA | $945 |
Best Value Apartments for Rent in Panama, NE and Nearby
As of July 08, 2025 the best value apartment in the Panama area is the $1.18 price per square foot The Wilber Model at The Mirada in the in the Salt Valley View neighborhood starting from $1,525. The second greatest value Panama apartment is the The Osborne Model at Ashbrook by Broadmoor starting at $1,795 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Mirada | The Wilber | 2BR,2BA | $1.18 |
Ashbrook by Broadmoor | The Osborne | 2BR,2BA | $1.52 |
Water's Edge at the Woodlands | Canal | 2BR,2BA | $1.54 |
Williamsburg Park Apartments | Roanoke River | 1BR,1BA | $1.45 |
Kensington Park | 5100 Building Attached garage | 1BR,1.5BA | $1.14 |
Summit Falls Apartments & Townhomes | One Bedroom | 1BR,1BA | $1.29 |
Aventine at Wilderness Hills | The Lancaster | 1BR,1BA | $1.47 |
The Donovan Apartment Homes | A3R | 1BR,1BA | $1.52 |
Highpointe by Broadmoor | Denali | 1BR,1BA | $1.39 |
Somerset | 1 Bedroom, 1 Bathroom - 750 SF | 1BR,1BA | $1.47 |
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.
Frequently Asked Questions about Panama
What type of rentals are currently available in Panama?
There are currently 34 Apartments for Rent in Panama, NE with pricing that ranges from $805 to $10,096. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama ranging from $750 to $3,200.
What is the current price range for Rental Homes in Panama?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama ranges from $750 to $3,200 with an average monthly rent of $1,832.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.