Cheap Apartments for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,500 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Panama Park area of Sunnyvale.

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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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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Remington Grove
Studio to 3 Bedroom Apartments

Remington Grove

575 E Remington DrSunnyvale, CA 94087
  • Utilities Included
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Iris Park Apartments
Studio to 3 Bedroom Apartments

Iris Park Apartments

611 Iris AveSunnyvale, CA 94086
  • Utilities Included

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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Amber Circle
1 Bedroom Apartments

Amber Circle

715 E El Camino RealSunnyvale, CA 94087
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993 Mangrove Ave
2 Bedroom Apartments

993 Mangrove Ave

993 Mangrove AveSunnyvale, CA 94086
  • Utilities Included
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Cambria Apartments
Studio to 3 Bedroom Apartments

Cambria Apartments

815 E Fremont AveSunnyvale, CA 94087
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La Hacienda Apartments
1 to 3 Bedroom Apartments

La Hacienda Apartments

475 Cumulus AveSunnyvale, CA 94087
  • Utilities Included
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Tamarack Gardens
1 to 3 Bedroom Apartments

Tamarack Gardens

923 Tamarack LnSunnyvale, CA 94086
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PKSL
Studio to 3 Bedroom Apartments

PKSL

1090 Sunnyvale Saratoga RdSunnyvale, CA 94087
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Villa Camino
1 to 2 Bedroom Apartments

Villa Camino

140 Locksunart WaySunnyvale, CA 94087
  • 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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829 Blair Ave
1 to 2 Bedroom Apartments

829 Blair Ave

829 Blair AveSunnyvale, CA 94087
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360 W Olive Ave
1 to 2 Bedroom Apartments

360 W Olive Ave

360 W Olive AveSunnyvale, CA 94086
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Central Park
1 to 2 Bedroom Apartments

Central Park

1055 Manet DrSunnyvale, CA 94087
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Linden Arms Apartments
1 to 2 Bedroom Apartments

Linden Arms Apartments

940-950 Linden AveSunnyvale, CA 94086
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Pacific Plaza
2 Bedroom Apartments

Pacific Plaza

785 Reseda DrSunnyvale, CA 94087
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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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Panama Park, Sunnyvale, CA Local Guide

Cheapest Available Panama Park Apartments for Rent

 

The cheapest available apartment rental in the Panama Park area of San Jose, CA is a 1 Bed unit found at Miramar priced from $1,850. Twin Pines Manor Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,988. Here are the most affordable Panama Park apartments for rent in San Jose, CA:

Apartment ListingModel NameBed/BathPriced From
Miramar41BR,1BA$1,850
Twin Pines Manor ApartmentsPR-StudioStudio,1BA$1,988
Bali Hai Garden ApartmentsStudioStudio,1BA$2,045
Remington Place ApartmentsRemodeled StudioStudio,1BA$2,100
Marina PlayaOne Bedroom La Paloma1BR,1BA$2,145
The Highlander1x1S1BR,1BA$2,195
Sunnyvale ApartmentsUnit 01Studio,1BA$2,195
Mathilda Garden Apartments1-Bed x 1-Bath1BR,1BA$2,250
Village Green ApartmentsOne Bedroom/1 Bath1BR,1BA$2,295
The Orchard at Sunnyvale1x11BR,1BA$2,295

Best Value Apartments for Rent in Panama Park, CA

As of November 17, 2025 the best value apartment in the Panama Park area is the $2.40 price per square foot 2BR/2.0BA Model at Ranchero in the in the North San Jose neighborhood starting from $3,449. The second greatest value Panama Park apartment is the Townhouse Model at Stevens Creek Villas starting at $4,300 with a $3.19 price per square foot in the Rancho Rinconada neighborhood. Here is today’s list of the best values for Panama Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ranchero2BR/2.0BA2BR,2BA$2.40
Stevens Creek VillasTownhouse2BR,2.5BA$3.19
Bradley ApartmentsUPDATED 2BR/1.5BA2BR,1.5BA$2.69
678 BellflowerThe Preserve2BR,1.5BA$3.25
Village Square Townhouses2 Beds, 1.5 Baths2BR,1.5BA$3.30
Thunderbird2BR/1.0BA2BR,1BA$3.13
364-366 W Olive Ave1x11BR,1BA$2.85
Willowbend ApartmentsB12BR,2BA$3.24
Bonnie Terrace ApartmentsDel Mar2BR,1BA$2.85
Vista Pointe1/11BR,1BA$3.24

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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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.

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Pet Friendly Lifestyle
Panama Park, Sunnyvale, CA

Ranked #5

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Panama Park, Sunnyvale, CA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Panama Park, Sunnyvale, and the greater San Jose area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Panama Park Neighborhood in Sunnyvale, CA

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

78 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

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 Cheap Panama Park Apartments

What is a cheap apartment in Panama Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Panama Park is under $2,295.

What is the price of a cheap apartment in Panama Park?

The cheapest apartment in Panama Park is Miramar which is listed at $1,850, while the average apartment in Panama Park costs $6,160.

What types of apartments are the cheapest in Panama Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Panama Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Panama Park?

Cheap apartments in Panama Park have an average cost of $141 which is $6,019 cheaper than the average rent for all rentals in Panama Park.

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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A Local Expert's Guide to the Top 10 Best Affordable Neighborhoods for Renters in San Jose

Written by: Shannon Hilson

If you’ve spent much time in San Jose, you’ve likely heard it referred to as “the capital of Silicon Valley” a time or two, and with good reason. San Jose has it all when it comes to the modern California lifestyle and then some.

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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.