Cheap Apartments for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,495 (116 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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621 Grand Fir Ave, Unit 4
$2,850
Total Monthly Price

Total Monthly Price

Base Rent
$2,850
Total Monthly Price
$2,850
2 Bedroom Apartment Available Now

621 Grand Fir Ave, Unit 4

621 Grand Fir AveSunnyvale, CA 94086
Affordability
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Remington Grove
Studio to 3 Bedroom Apartments

Remington Grove

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

Iris Park Apartments

611 Iris AveSunnyvale, CA 94086
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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

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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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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Lincoln Glen Apartments
Studio to 2 Bedroom Apartments

Lincoln Glen Apartments

150-160 E Remington DrSunnyvale, CA 94087
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Villa Camino
1 to 2 Bedroom Apartments

Villa Camino

140 Locksunart WaySunnyvale, 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

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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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 Calabazas Community Apartments priced from $1,495. 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
Calabazas Community ApartmentsStudioStudio,1BA$1,495
Miramar41BR,1BA$1,850
North Colonial House1B/1BA - Medium1BR,1BA$1,895
Bali Hai Garden ApartmentsStudioStudio,1BA$2,295
Gallatin Apartments1 Bedroom 1Bath1BR,1BA$2,350
Magnolia Place ApartmentsLarge bedroom 1x11BR,1BA$2,495
Mathilda Garden Apartments1-Bed x 1-Bath1BR,1BA$2,500
The Orchard at SunnyvaleOne BR1BR,1BA$2,525
Mission Hills ApartmentsOne Bedroom1BR,1BA$2,725

Best Value Apartments for Rent in Panama Park, CA

As of August 27, 2026 the best value apartment in the Panama Park area is the $3.55 price per square foot Plan 2A Model at Reed Square in the in the North San Jose neighborhood starting from $4,249. The second greatest value Panama Park apartment is the 2BR/2.0BA Model at Thunderbird starting at $3,500 with a $3.11 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.
Reed SquarePlan 2A2BR,2BA$3.55
Thunderbird2BR/2.0BA2BR,2BA$3.11
Casa Alberta ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$3.50
678 BellflowerThe Preserve2BR,1.5BA$3.41
Central ParkLakewod1BR,1BA$3.30
364-366 W Olive Ave1 Bed / 1 Bath1BR,1BA$3.35
Vista Pointe1/11BR,1BA$3.56
Gallatin Apartments1 Bedroom 1Bath1BR,1BA$3.13
North Colonial House1 Bedroom - S1BR,1BA$3.20
Miramar41BR,1BA$3.36

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

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.

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 $2,725.

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 $4,031.

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 4 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 $190 which is $3,841 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.

Helpful Local Expert Guides

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Living and Working in San Jose: A Local Expert's Guide to the Best Neighborhoods to Rent Near San Joses Top Employers

Written by: Shannon Hilson

San Jose is absolutely one of those places where your zip code and your job eventually wind up in a very serious relationship.

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Beyond Campus: Finding Your Perfect San Jose Student Apartment and Neighborhood

Written by: Shannon Hilson

Sunny San Jose is so much more than just an incredible place to go to school, get an education, and prepare for the next chapter of your life.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.