
Cheap Homes for Rent in Panama Park Neighborhood of Sunnyvale, CA from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Panama Park area of Sunnyvale.


2640 Castello Way

988 E El Camino Real, Unit SI FL2-ID1613

1730 Halford Ave
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.

3756-3762 Poinciana Dr, Unit 3762-1

1750 Halford Ave

502 Hope Terrace

670 Azara Pl
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.

670 Azara Pl, Unit 2
Panama Park, Sunnyvale, CA Local Guide

How much does it cost to rent a home in Panama Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panama Park 2 Bedroom Homes for Rent | $3,378 | $2,950 | $3,800 |
| Panama Park 3 Bedroom Homes for Rent | $4,816 | $3,850 | $5,600 |
| Panama Park 4 Bedroom Homes for Rent | $6,342 | $5,000 | $8,250 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Panama Park Neighborhood of Sunnyvale, CA.
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Panama Park, Sunnyvale, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westport Senior | Studio | Studio,1BA | $1,652 |
| Miramar | 4 | 1BR,1BA | $1,850 |
| North Colonial House | 1B/1BA - Medium | 1BR,1BA | $1,895 |
Best Value Apartments for Rent in Panama Park, CA
As of April 13, 2026 the best value apartment in the Panama Park area is the $2.88 price per square foot The Preserve Model at 678 Bellflower in the in the North San Jose neighborhood starting from $3,099. The second greatest value Panama Park apartment is the 1x1 Model at 364-366 W Olive Ave starting at $2,650 with a $2.85 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 678 Bellflower | The Preserve | 2BR,1.5BA | $2.88 |
| 364-366 W Olive Ave | 1x1 | 1BR,1BA | $2.85 |
| 621 Grand Fir Ave, Unit 4 | 621 Grand Fir Ave | 2BR,1BA | $3.22 |
| Vista Pointe | 1/1 | 1BR,1BA | $3.27 |
| Royal Ambassador Apartments | 1 Bedroom Flat | 1BR,1BA | $3.29 |
| Gallatin Apartments | 1 Bedroom 1Bath | 1BR,1BA | $2.93 |
| North Colonial House | 1 Bedroom - L | 1BR,1BA | $2.93 |
| Lawrence Arms Apartments | Partially Updated 1 Bed, 1 Bath | 1BR,1BA | $2.93 |
| The Highlander | 1x1S | 1BR,1BA | $3.24 |
| Westport Senior | Studio | Studio ,1BA | $3.14 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestylePanama Park, Sunnyvale, CA
Ranked #5
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Panama Park, Sunnyvale, CA
Louis E. Stocklmeir Elementary
Marian A. Peterson Middle
School data provided by Great Schools
Frequently Asked Questions about Panama Park
What type of rentals are currently available in Panama Park?
There are currently 1197 Apartments for Rent in Panama Park, CA with pricing that ranges from $1,652 to $11,900. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama Park ranging from $1,000 to $8,250.
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 $1,000 to $8,250 with an average monthly rent of $4,258.
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 $3,325 to $11,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,850 to $5,600. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $6,075.
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

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.