Cheap Apartments for Rent in Panama, OK from $400 (51 Rentals)

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

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Aspen Heights
$595 - $960
Total Monthly Price

Total Monthly Price

Base Rent
$595 - $960
Total Monthly Price
$595 - $960
1 to 3 Bedroom Apartments Available Now

Aspen Heights

5801 Kinkead AveFort Smith, AR 72903
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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The Flats @ 5900
$650 - $965
Total Monthly Price

Total Monthly Price

Base Rent
$650 - $965
Total Monthly Price
$650 - $965
1 to 3 Bedroom Apartments Available Now

The Flats @ 5900

5900 Kinkead AveFort Smith, AR 72903
Affordability
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  • Customer Reviewed
  • Utilities Included

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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Lofts on Park
$855 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$855 - $1,550
Total Monthly Price
$855 - $1,550
1 to 2 Bedroom Apartments Available Now

Lofts on Park

3600 Kinkead AveFort Smith, AR 72903
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Crown Ridge
$950 - $1,050
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,050
Total Monthly Price
$950 - $1,050
2 to 3 Bedroom Apartments Available Aug 14

Crown Ridge

7114 Texas RdFort Smith, AR 72908
Affordability
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  • Customer Reviewed
  • Utilities Included
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Tara Gardens
1 to 2 Bedroom Apartments

Tara Gardens

1615 S 22nd StFort Smith, AR 72901
Senior Living
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601 Xavier St
1 Bedroom Apartments

601 Xavier St

601 Xavier StFort Smith, AR 72901

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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Pine View Apartments
1 Bedroom Apartments

Pine View Apartments

5202 Towson AveFort Smith, AR 72901
  • Utilities Included
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St. Andrews Apartments
1 to 2 Bedroom Apartments

St. Andrews Apartments

4901 St Andrews WayFort Smith, AR 72903
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800 S 25th St
Studio to 2 Bedroom Apartments

800 S 25th St

800 S 25th StFort Smith, AR 72901
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The Grove
Studio to 2 Bedroom Apartments

The Grove

3601 Barry AveFort Smith, AR 72903
  • Utilities Included
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Cherry Tree
1 to 2 Bedroom Apartments

Cherry Tree

6505 Fresno StFort Smith, AR 72903
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Colony West
2 Bedroom Apartments

Colony West

7700 Jenny Lind RdFort Smith, AR 72908

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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Willow Lake Townhomes
2 to 4 Bedroom Apartments

Willow Lake Townhomes

1400 Albert Pike AveFort Smith, AR 72903
  • Utilities Included
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The Azalea
1 to 2 Bedroom Apartments

The Azalea

2322 S I StFort Smith, AR 72901
  • Utilities Included
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Q St.
2 Bedroom Apartments

Q St.

1621 S Q StFort Smith, AR 72901

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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Showing Results 1-50, Page 1 of 2

Panama, OK Local Guide

Cheapest Available Panama Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panama, OK is a 1 Bed unit found at Phoenix Village in the Cavanaugh neighborhood priced from $550. StoneRidge Duplexes of Poteau in the Le Flore County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $560. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix VillageStudio1BR,1BA$550
StoneRidge Duplexes of Poteau2 Bedroom2BR,2BA$560
The Bluffs @ Central1.1 R1BR,1BA$600
Pike PlaceStandard1BR,1BA$630
The Flats @ 59001.1L Reno1BR,1BA$650
The Links at Fort SmithCustom1BR,1BA$685
Mill Creek ApartmentsMill Creek 1 Bedroom1BR,1BA$725
The Belle Grove ApartmentsThe Belle Grove 1 Bedroom1BR,1BA$725
Greystone Apartments2x12BR,1BA$725
Ramsey Square ApartmentsRamsey Square 1 Bedroom Unit Type1BR,1BA$745

Best Value Apartments for Rent in Panama, OK and Nearby

As of July 08, 2026 the best value apartment in the Panama area is the $0.32 price per square foot Bedroom D Model at University Park Place in the in the Sunnymede neighborhood starting from $599. The second greatest value Panama apartment is the North Pointe I (SF4) Model at CompassRCG Management starting at $1,022 with a $0.77 price per square foot in the Sunnymede 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.
University Park PlaceBedroom D1BR,1BA$0.32
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
Welcome to Stone Creek!2.22BR,2BA$0.94
StoneRidge Duplexes of Poteau2 Bedroom2BR,2BA$0.58
Harbortown Apartments2.22BR,2BA$0.95
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
Southbrook Apartments2BR/1.0BA2BR,1BA$0.83
Livin' Lakeside!1.1 Loft1BR,1BA$0.88
Aspen Heights2 Bed, 1.5 Bath2BR,1.5BA$0.96
The Bluffs @ Central2.1 R2BR,1BA$0.96

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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Frequently Asked Questions about Cheap Panama Apartments

How much is rent for a Cheap One Bedroom Panama Apartment?

The lowest price for a Cheap One Bedroom Panama Apartment is $550 at Phoenix Village.

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 $560 at StoneRidge Duplexes of Poteau.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at StoneRidge Duplexes of Poteau and starts from $660.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.