
Cheap Homes for Rent in the Panama Park Neighborhood of Sunnyvale, CA from $1,325 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Panama Park area of Sunnyvale.


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988 E El Camino Real, Unit SI FL2-ID1613

4681 Albany Cir

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170 Locksunart Way, Unit SI FL2-ID1890

229 Greendale Way
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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906 Burbank Dr, Unit SI FL0-ID1487

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160 Locksunart Way, Unit SI FL2-ID2031

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929 E El Camino Real, Unit SI FL1-ID1581

1592 Quebec Ct, Unit 4

10065 Judy Ave
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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906 Burbank Dr, Unit SI FL2-ID1486

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202 Calvert Dr, Unit SI FL2-ID2050

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202 Calvert Dr, Unit SI FL2-ID2051

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3560 Rambla Pl, Unit SI FL3-ID1948

1720 Halford Ave
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.
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 | $3,580 | $2,650 | $4,400 |
| Panama Park 3 Bedroom Homes for Rent | $5,706 | $4,700 | $7,000 |
| Panama Park 4 Bedroom Homes for Rent | $5,964 | $4,940 | $7,200 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Calabazas Community Apartments | Studio | Studio,1BA | $1,495 |
| Miramar | 4 | 1BR,1BA | $1,850 |
| North Colonial House | 1B/1BA - Medium | 1BR,1BA | $1,895 |
| Bali Hai Garden Apartments | Studio | Studio,1BA | $2,295 |
| Gallatin Apartments | 1 Bedroom 1Bath | 1BR,1BA | $2,350 |
Best Value Apartments for Rent in Panama Park, CA
As of August 26, 2026 the best value apartment in the Panama Park area is the $2.74 price per square foot 2B/2.5BA Model at Encinal Place in the in the North San Jose neighborhood starting from $4,195. The second greatest value Panama Park apartment is the Plan 2A Model at Reed Square starting at $4,249 with a $3.55 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. |
|---|---|---|---|
| Encinal Place | 2B/2.5BA | 2BR,2.5BA | $2.74 |
| Reed Square | Plan 2A | 2BR,2BA | $3.55 |
| Thunderbird | 2BR/2.0BA | 2BR,2BA | $3.11 |
| Casa Alberta Apartments | Two Bedroom 1.5 Bath | 2BR,1.5BA | $3.50 |
| 678 Bellflower | The Preserve | 2BR,1.5BA | $3.48 |
| Central Park | Lakewod | 1BR,1BA | $3.30 |
| 364-366 W Olive Ave | 1 Bed / 1 Bath | 1BR,1BA | $3.35 |
| Gallatin Apartments | 1 Bedroom 1Bath | 1BR,1BA | $3.13 |
| North Colonial House | 1 Bedroom - S | 1BR,1BA | $3.20 |
| Miramar | 4 | 1BR,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.
Read ArticleReal 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.
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 School
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 1196 Apartments for Rent in Panama Park, CA with pricing that ranges from $1,495 to $11,985. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama Park ranging from $1,325 to $7,200.
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 $1,325 to $7,200 with an average monthly rent of $5,160.
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 $3,360 to $11,985, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,700 to $7,000. Four Bedroom Single-Family rentals are also available starting from $4,940 and Four Bedroom Apartments start at $5,895.
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

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.

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.

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

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.

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.

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.

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.