Cheap Apartments for Rent in Panama, OK from $400 (53 Rentals)

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

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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Crown Ridge
$815 - $1,050
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,050
Total Monthly Price
$815 - $1,050
1 to 3 Bedroom Apartments Available Jun 15

Crown Ridge

7114 Texas RdFort Smith, AR 72908
Affordability
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  • Customer Reviewed
  • Utilities Included
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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
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  • 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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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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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
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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
  • Utilities Included

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
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Q St.
2 Bedroom Apartments

Q St.

1621 S Q StFort Smith, AR 72901

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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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 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 $600. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Flats @ 59001.1L Reno1BR,1BA$600
The Bluffs @ Central1.1 R1BR,1BA$600
The Links at Fort SmithCustom1BR,1BA$685
"The Grove" One & Two Bedroom ApartmentsThe Grove 1 Bedroom1BR,1BA$695
Pike PlaceStandard2BR,1BA$700
Mill Creek: 1 & 2 Bedroom Apartments with Pool & ClubhouseMill Creek 1 Bedroom1BR,1BA$725
Forrest Brook Apartments1.11BR,1BA$725
"The Belle Grove" One Bedroom Apartments (Wifi Included)The Belle Grove 1 Bedroom1BR,1BA$725
Phoenix Village2.1S Rehab2BR,1BA$725
Ramsey Square: 1 & 2 Bedroom Apartments with Dog Park & PoolRamsey Square 1 Bedroom Unit Type1BR,1BA$745

Best Value Apartments for Rent in Panama, OK and Nearby

As of May 22, 2026 the best value apartment in the Panama area is the $0.29 price per square foot Bedroom C Model at University Park Place in the in the Sunnymede neighborhood starting from $550. 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 C1BR,1BA$0.29
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
Lakeside Townhomes11002BR,1.5BA$0.86
N 47th Apartments2 Bed / 2 Bath2BR,2BA$0.74
Aspen Heights2 Bed, 2 Bath (W/D, Golden)2BR,2BA$0.74
Addison Place Apartments2X22BR,2BA$0.92
StoneRidge Duplexes of Poteau2 Bedroom2BR,2BA$0.82
Better than the next- Colony West2.22BR,2BA$0.83
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
The Flats @ 59001.1L Reno1BR,1BA$0.92

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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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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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 $700 at Pike Place.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.