Cheap Apartments for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,500 (63 Rentals)

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

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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Iris Park Apartments
Studio to 3 Bedroom Apartments

Iris Park Apartments

611 Iris AveSunnyvale, CA 94086
  • 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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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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Tamarack Gardens
1 Bedroom Apartments

Tamarack Gardens

923 Tamarack LnSunnyvale, CA 94086
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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 Bedroom Apartments

829 Blair Ave

829 Blair AveSunnyvale, 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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360 W Olive Ave
2 Bedroom Apartments

360 W Olive Ave

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

PKSL

1090 Sunnyvale Saratoga RdSunnyvale, CA 94087
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Central Park
1 to 2 Bedroom Apartments

Central Park

1055 Manet DrSunnyvale, CA 94087
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Ranchero
1 Bedroom Apartments

Ranchero

900 Henderson 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
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Cambria Apartments
1 to 2 Bedroom Apartments

Cambria Apartments

815 E Fremont AveSunnyvale, CA 94087
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Remington Grove
2 Bedroom Apartments

Remington Grove

575 E Remington DrSunnyvale, CA 94087
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Bali Hai Garden Apartments priced from $2,045. The Highlander has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,195. Here are the most affordable Panama Park apartments for rent in San Jose, CA:

Apartment ListingModel NameBed/BathPriced From
Bali Hai Garden ApartmentsStudioStudio,1BA$2,045
The Highlander1x1S1BR,1BA$2,195
Remington Place ApartmentsRemodeled StudioStudio,1BA$2,200
Mathilda Garden Apartments1-Bed x 1-Bath1BR,1BA$2,250
PKSL1 Bedroom/ 1 Bath1BR,1BA$2,295
The Orchard at Sunnyvale1x11BR,1BA$2,295
Cezanne Apartments1br 650 sf1BR,1BA$2,295
Lake Terrace ApartmentsPlan A1BR,1BA$2,315
Village Green Apartments1x11BR,1BA$2,325
Ranchero1BR/1.0BA1BR,1BA$2,350

Best Value Apartments for Rent in Panama Park, CA

As of June 23, 2025 the best value apartment in the Panama Park area is the $2.69 price per square foot Upstairs 2 bed/2 bathroom w/Wood Floors Model at Bradley Apartments in the in the Community Center neighborhood starting from $3,095. The second greatest value Panama Park apartment is the 2 Bedroom 2 Bath Model at Encinal Place starting at $3,125 with a $2.89 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.
Bradley ApartmentsUpstairs 2 bed/2 bathroom w/Wood Floors2BR,2BA$2.69
Encinal Place2 Bedroom 2 Bath2BR,2BA$2.89
Marina PlayaTwo Bedroom Carmel2BR,2BA$3.10
Thunderbird2BR/2.0BA2BR,2BA$3.11
1737 Noranda Dr, Unit 11737 Noranda Dr2BR,1.5BA$2.97
364-366 W Olive Ave2x12BR,1BA$3.15
The LuxeModel 2B2BR,2BA$3.29
The Highlander1x1L1BR,1BA$3.37
Oakridge ApartmentsOne Bedroom B1BR,1BA$3.18
Oakwood ApartmentsTwo Bedroom, One Bathroom2BR,1BA$3.37

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 #7

Among neighborhoods in Sunnyvale, CA 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 the Cheapest Studio apartment in Panama Park?

Currently the most affordable Cheap Studio Apartment in Panama Park is at Bali Hai Garden Apartments listed at $2,045.

How much is rent for a Cheap One Bedroom Panama Park Apartment?

The lowest price for a Cheap One Bedroom Panama Park Apartment is $2,100 at Lawrence Road Apartments.

What is the lowest price for a Cheap Two Bedroom Panama Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Panama Park is starting from $2,395 at Oakwood Apartments.

What is the most affordable Panama Park Three Bedroom Apartment?

The best deal on a cheap Panama Park Three Bedroom Apartment rental is at Cherryhill and starts from $3,350.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.