Cheap Apartments for Rent in Panama, OK from $400 (29 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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Chapel Ridge of Fort Smith
$725 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $1,125
Required Monthly Fees
$125
Total Monthly Price
$725 - $1,250
1 to 4 Bedroom Apartments Available Now

Chapel Ridge of Fort Smith

7500 Jenny Lind RdFort Smith, AR 72908
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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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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
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Pine View Apartments
1 Bedroom Apartments

Pine View Apartments

5202 Towson AveFort Smith, AR 72901
  • Utilities Included

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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Southbrooke Apartments
1 to 3 Bedroom Apartments

Southbrooke Apartments

8201 Highway 271 SFort Smith, AR 72908
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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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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 1-29, Page 1 of 1

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 The Flats @ 5900 in the Sunnymede neighborhood priced from $600. The Bluffs @ Central in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Flats @ 59001.1S Reno1BR,1BA$600
The Bluffs @ Central1.1 Classic1BR,1BA$650
Aspen HeightsLive your Best Life! Silver Aspen 1 Bed/ 1 Bath1BR,1BA$675
N 47th Apartments1 Bed / 1 Bath1BR,1BA$675
The Links at Fort SmithCustom1BR,1BA$685
Lakeside Townhomes1.1 Rehab1BR,1BA$710
Forrest Brook Apartments1.11BR,1BA$725
"The Belle Grove" One Bedroom Apartments (Wifi Included)The Belle Grove 1 Bedroom1BR,1BA$725
Greystone ApartmentsSpacious 2 Bedroom Apartment at Greystone – Coz...2BR,1BA$725
Mill Creek: 1 & 2 Bedroom Apartments with Pool & ClubhouseMill Creek 1 Bedroom1BR,1BA$725

Best Value Apartments for Rent in Panama, OK and Nearby

As of February 19, 2026 the best value apartment in the Panama area is the $0.89 price per square foot 2 Bed 2 Bath 2 Car Garage Model at Willowbrook Duplexes in the in the Cavanaugh neighborhood starting from $1,199. 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.
Willowbrook Duplexes2 Bed 2 Bath 2 Car Garage2BR,2BA$0.89
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
N 47th Apartments2 Bed / 2 Bath2BR,2BA$0.74
Welcome to Stone Creek!2.2 U2BR,2BA$0.91
Addison Place Apartments2X22BR,2BA$0.92
Crown Ridge at Fort SmithThe Marquis2BR,2BA$0.93
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.86
Z Street Apartments2.12BR,1BA$0.87
Lakeside Townhomes1 bedroom 750sqft1BR,1BA$0.95
The Flats @ 59001.1S Reno1BR,1BA$0.94

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Panama, OK Rentals by Map

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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 $600 at The Flats @ 5900.

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 $710 at The Flats @ 5900.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at CompassRCG Management and starts from $912.

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.