Cheap Homes for Rent in Panama Park Neighborhood of Sunnyvale, CA from $1,900 (8 Rentals)

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Search the lowest-cost Homes 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.

property at 502 Hope Terrace

$2,490

1 Bedroom, 1 Bath Condo for Rent

Available Now

502 Hope Terrace

SunnyvaleCA94087

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.

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

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

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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Frequently Asked Questions about Panama Park

What type of rentals are currently available in Panama Park?

There are currently 1192 Apartments for Rent in Panama Park, CA with pricing that ranges from $1,652 to $12,152. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama Park ranging from $1,900 to $5,900.

What is the current price range for Rental Homes in Panama Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama Park ranges from $1,900 to $5,900 with an average monthly rent of $4,341.

How much are larger Three and Four Bedroom Rentals in Panama Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama Park range from $3,161 to $11,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,500 to $5,900. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $6,175.

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

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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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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.