Cheap Apartments for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,400 (140 Rentals)

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

property at 819 Rubis Dr

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Jul 15

819 Rubis Dr, Unit Private Suite

819 Rubis Dr
SunnyvaleCA94087

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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property at 929 Reed Ave

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

4 Bedroom, 2.5 Bath Home for Rent

Available Now

929 Reed Ave

SunnyvaleCA94086

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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990 Helen Ave, Unit 4
$2,800
Total Monthly Price

Total Monthly Price

Base Rent
$2,800
Total Monthly Price
$2,800
2 Bedroom Apartment Available Now

990 Helen Ave, Unit 4

990 Helen AveSunnyvale, CA 94086
Affordability
  • Smoke Free

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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621 Grand Fir Ave, Unit 4
$2,899
Total Monthly Price

Total Monthly Price

Base Rent
$2,899
Total Monthly Price
$2,899
2 Bedroom Apartment Available Now

621 Grand Fir Ave, Unit 4

621 Grand Fir AveSunnyvale, CA 94086
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Savoy
$3,561 - $5,079
Total Monthly Price

Total Monthly Price

Base Rent
$3,561 - $5,079
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Savoy

1120 Kifer RdSunnyvale, CA 94086
Pet Friendly
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  • Customer Reviewed
  • 3D Tour

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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481 On Mathilda
$3,586 - $5,552
Total Monthly Price

Total Monthly Price

Base Rent
$3,586 - $5,552
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 14

481 On Mathilda

481 S Mathilda AveSunnyvale, CA 94086
Pet Friendly
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  • Customer Reviewed
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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
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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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1630 Ottawa Court
Studio to 3 Bedroom Apartments

1630 Ottawa Court

1630 Ottawa CtSunnyvale, CA 94087
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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

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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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. Westport Senior has the second lowest priced unit, which is a Studio apartment currently listed from $1,652. 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
Westport SeniorStudioStudio,1BA$1,652
Miramar41BR,1BA$1,850
North Colonial House1B/1BA - Medium1BR,1BA$1,895
Bali Hai Garden ApartmentsStudioStudio,1BA$2,045
The Highlander1x1S1BR,1BA$2,395
Magnolia Place ApartmentsLarge bedroom 1x11BR,1BA$2,495
1578 Albatross Dr1 Beds, 1 Baths1BR,1BA$2,500
The Orchard at SunnyvaleOne BR1BR,1BA$2,525
Mission Hills ApartmentsOne Bedroom1BR,1BA$2,550

Best Value Apartments for Rent in Panama Park, CA

As of July 12, 2026 the best value apartment in the Panama Park area is the $3.26 price per square foot 2 Bedroom 2 Bath Model at Encinal Place in the in the North San Jose neighborhood starting from $3,895. The second greatest value Panama Park apartment is the Two Bedroom 1.5 Bath Model at Casa Alberta Apartments starting at $3,595 with a $3.27 price per square foot in the Community Center 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.
Encinal Place2 Bedroom 2 Bath2BR,2BA$3.26
Casa Alberta ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$3.27
Thunderbird3BR/1.0BA3BR,1BA$3.36
Village Square Townhouses2 Beds, 1.5 Baths2BR,1.5BA$3.30
Central ParkLakewod1BR,1BA$3.30
364-366 W Olive Ave1 Bed / 1 Bath1BR,1BA$3.35
Vista Pointe1/11BR,1BA$3.30
North Colonial House1 Bedroom - S1BR,1BA$3.20
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

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 $2,550.

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 $6,344.

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 5 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 $163 which is $6,181 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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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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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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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.

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.