Cheap Apartments for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,500 (80 Rentals)

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

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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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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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
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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
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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
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829 Blair Ave
1 to 2 Bedroom Apartments

829 Blair Ave

829 Blair AveSunnyvale, CA 94087
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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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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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Sunnyvale Apartments
Studio to 2 Bedroom Apartments

Sunnyvale Apartments

390 S Sunnyvale AveSunnyvale, CA 94086
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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
  • Utilities Included
property at 502 Hope Terrace

$2,490

1 Bedroom, 1 Bath Condo for Rent

Available Now

502 Hope Terrace

SunnyvaleCA94087

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 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 Studio unit found at Westport Senior priced from $1,652. Miramar has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable Panama Park apartments for rent in San Jose, CA:

Apartment ListingModel NameBed/BathPriced From
Westport SeniorStudioStudio,1BA$1,652
Miramar41BR,1BA$1,850
North Colonial House1B/1BA - Medium1BR,1BA$1,895
Bali Hai Garden ApartmentsStudioStudio,1BA$2,045
Mathilda Garden ApartmentsStudioStudio,1BA$2,125
The Highlander1x1S1BR,1BA$2,195
110 Remington Apartments1-Bed, 1-Bath1BR,1BA$2,295
The Orchard at SunnyvaleOne BR1BR,1BA$2,525
Mission Hills ApartmentsOne Bedroom1BR,1BA$2,550
CherryhillOne Bedroom Plan A1BR,1BA$2,575

Best Value Apartments for Rent in Panama Park, CA

As of May 28, 2026 the best value apartment in the Panama Park area is the $3.33 price per square foot Townhouse Model at Stevens Creek Villas in the in the Rancho Rinconada neighborhood starting from $4,500. The second greatest value Panama Park apartment is the 3BR/2.0BA Model at Thunderbird starting at $3,795 with a $3.45 price per square foot in the North San Jose 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.
Stevens Creek VillasTownhouse2BR,2.5BA$3.33
Thunderbird3BR/2.0BA3BR,2BA$3.45
678 BellflowerThe Preserve2BR,1.5BA$3.30
Village Square Townhouses2 Beds, 1.5 Baths2BR,1.5BA$3.30
Vista Pointe1/11BR,1BA$3.30
North Colonial House1 Bedroom - L1BR,1BA$2.93
110 Remington Apartments1-Bed, 1-Bath1BR,1BA$3.37
The Highlander1x1S1BR,1BA$3.24
Miramar41BR,1BA$3.36
Westport SeniorStudioStudio ,1BA$3.14

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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Quick Rent Budget Calculator

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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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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.

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 $2,575.

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 $6,375.

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 6 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 $149 which is $6,226 cheaper than the average rent for all rentals in Panama Park.

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

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.

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.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.