2 Bedroom Apartments for Rent in Panama, NY (57 Rentals)

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property at 639 W 5th St

639 W 5th St

EriePA16507
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Panama, NY Local Guide

Largest Available Panama and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Panama, NY is found at The Hammocks at MillCreek in the West Suburban Erie neighborhood and is 1,327 square feet priced from $1,885. CopperLeaf Erie has the second largest 2 Bedroom, which is sized at 1,307 square feet and currently listed start at $1,705. Here is today’s list of the largest available 2 Bedroom units in Panama:

Apartment ListingModel NameSquare FootagePriced From
The Hammocks at MillCreek2 Bedroom 2 Bath with Den - 13271,327 Sq Ft$1,885
CopperLeaf ErieManchester1,307 Sq Ft$1,705
Brookwood Village2 Bedroom1,250 Sq Ft$1,360
University Gate2 Bed1,100 Sq Ft$670
Carriage Hill Erie2 Bedroom, 1.5 Bathroom1,088 Sq Ft$1,187
Wellman Building2 Beds, 1 bath983 Sq Ft$927
Cider Mill ApartmentsRenovated 2 BD 2 BA950 Sq Ft$1,175
Ellicott Oaks Apartments2 Beds, 1 bath936 Sq Ft$850
Lovell Place2B2B906 Sq Ft$1,316
Connect55+ Lakewood Senior Living 55+2 BR, 1.5 BA839 Sq Ft$1,620

Cheapest Available Panama and Nearby 2 Bedroom Apartments

As of November 17, 2025 the lowest priced 2 Bedroom apartment unit in Panama, NY is the 2 Bed Model starting from $670 at University Gate in the Walczak Park neighborhood. The second most affordable Panama 2 Bedroom is the 2 Bedroom Model at Drake Village Apartments starting at $680 . The average price for all 2 Bedroom apartments in Panama is currently $1,405. Here is today’s list of the cheapest available 2 Bedroom options in Panama:

Apartment ListingModel NamePriced From
University Gate2 Bed$670
Drake Village Apartments2 Bedroom$680
Wellman Building2 Bedroom$750
Fairmount Hills Apartments2 Bedroom, 1 Bathroom$750
Ellicott Oaks Apartments2 Beds, 1 bath$850
The Meadows2 bedroom$945
Northview Heights ApartmentsTwo Bedroom$950
The Reserve at MillcreekTwo Bedroom B$1,015
Cider Mill ApartmentsSpacious 2 BD 1 BA$1,075
Carriage Hill Erie2 Bedroom, 1.5 Bathroom$1,187

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Getting Around Panama, NY

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 2 Bedroom Panama Apartments

What is the Cheapest apartment in Panama with 2 Bedroom?

Currently the most affordable 2 Bedroom in Panama is at University Gate listed at $670.

How much is the average rent for a 2 Bedroom Panama Apartment?

The average rent for a 2 Bedroom Apartment in Panama is $1,405.

What is the largest available 2 Bedroom Panama Apartment for rent?

Today's apartment with the most square footage in Panama is a 1,327 square feet unit starting from $1,885 at The Hammocks at MillCreek.

What is the average size for Panama 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Panama is currently 1,097 sq ft.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.