Cheap Apartments for Rent in the Panama Neighborhood of Tampa, FL from $600 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Tampa Park Apartments
1 to 3 Bedroom Apartments

Tampa Park Apartments

1417 Tampa Park PlzTampa, FL 33602
  • Utilities Included
close
View Me
Mobley Park
1 to 3 Bedroom Apartments

Mobley Park

401 E 7th AveTampa, FL 33602
  • Utilities Included
Showing Results 1-28, Page 1 of 1

Panama, Tampa, FL Local Guide

Cheapest Available Panama Apartments for Rent

 

The cheapest available apartment rental in the Panama area of Tampa, FL is a 1 Bed unit found at Miles at Ybor priced from $1,025. East Ybor Casitas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here are the most affordable Panama apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Miles at YborThe Murphy Co-Living Suite1BR,1BA$1,025
East Ybor CasitasCasita 23061BR,1BA$1,550
Casa Buchman - Ybor CityBuchman ApartmentsStudio,1BA$1,724
7th & OakStudio-S1Studio,1BA$1,736
Ybor LoftsColon1BR,1BA$1,790
La UnionA2AStudio,1BA$1,844
Casa MartiFigueredo - Balcony1BR,1BA$1,934

Best Value Apartments for Rent in Panama, FL

As of October 15, 2025 the best value apartment in the Panama area is the $1.88 price per square foot Casita 2306 Model at East Ybor Casitas in the in the Ybor City neighborhood starting from $1,550. The second greatest value Panama apartment is the 1x1 -Patio Model at Casa Pedroso - Ybor City starting at $2,150 with a $2.84 price per square foot in the Ybor City neighborhood. Here is today’s list of the best values for Panama apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
East Ybor CasitasCasita 23061BR,1BA$1.88
Casa Pedroso - Ybor City1x1 -Patio1BR,1BA$2.84
2402 E Dr Martin Luther King Jr Blvd, Unit 12402 E Dr Martin Luther King Jr Blvd2BR,1BA$1.69
1910 E Palm Ave, Unit 112101910 E Palm Ave1BR,1BA$2.19
Casa MartiFigueredo1BR,1BA$3.06
Ybor LoftsBauta1BR,1BA$2.93
Casa Buchman - Ybor CityBuchman ApartmentsStudio ,1BA$2.76
1307 E 17th Ave, Unit El Cafecito Loft1307 E 17th Ave1BR,1BA$2.67
La UnionA2AM - WDU1BR,1BA$3.67
7th & OakStudio-S1Studio ,1BA$3.39

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Panama, Tampa, FL

Ranked #233

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Panama Apartments

What is a cheap apartment in Panama?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Panama is under $1,934.

What is the price of a cheap apartment in Panama?

The cheapest apartment in Panama is Miles at Ybor which is listed at $1,025, while the average apartment in Panama costs $5,500.

What types of apartments are the cheapest in Panama?

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 20 regular apartments in Panama 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?

Cheap apartments in Panama have an average cost of $332 which is $5,168 cheaper than the average rent for all rentals in Panama.

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.

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa article

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa

Written by: Vickie Ferguson

Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.