
Cheap Apartments for Rent in the Panama Neighborhood of Tampa, FL from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Panama area of Tampa.


1906 E 31st Ave

2208 E 15th Ave

2301 N Jefferson St, Unit 7

505 E Virginia Ave

307 E Frances Ave
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.

2617 E 12th Ave

2916 N 16th St

3618 Machado St

2704 E Columbus Dr

2601 N 29th St, Unit Apt-B

2217 E 19th Ave, Unit B
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.

Casa Oliva - Ybor City

1105 E 28th Ave

916 E Emma St

1510 N 17th St

1221 E Columbus Dr
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2501 E Chelsea St

505 E Virginia Ave

3112 N 16th St
Tampa's Best Affordable Neighborhoods
Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson

308 E Adalee St

712 E Floribraska Ave

1810 E Palm Ave

2811 N 21st St

1910 E Palm Ave
Panama, Tampa, FL Local Guide

How much does it cost to rent an apartment in Panama?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Panama Studio Apartments | $2,148 | $1,000 | $3,030 |
Panama 1 Bedroom Apartments | $2,537 | $991 | $4,865 |
Panama 2 Bedroom Apartments | $3,702 | $1,088 | $6,580 |
Panama 3 Bedroom Apartments | $3,383 | $1,258 | $6,300 |
Panama 4 Bedroom Apartments | $3,203 | $2,250 | $4,860 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 1 mile radius of the Panama Neighborhood of Tampa, FL.
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Panama, Tampa, FL Local Guide
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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 Mobley Park priced from $991. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mobley Park | Elm | 1BR,1BA | $991 |
East Ybor Casitas | Casita 2306 | 1BR,1BA | $1,550 |
Casa Oliva - Ybor City | Studio | Studio,1BA | $1,575 |
Casa Marti | Arnao | Studio,1BA | $1,656 |
Casa Buchman - Ybor City | Buchman Apartments | Studio,1BA | $1,724 |
Casa Pedroso - Ybor City | 1x1 w/ a Den | 2BR,1BA | $1,999 |
Ybor Lofts | Colon | 1BR,1BA | $2,004 |
La Unión | A2A | Studio,1BA | $2,005 |
101 N Meridian | One Bedroom - A1B | 1BR,1BA | $2,014 |
Best Value Apartments for Rent in Panama, FL
As of June 01, 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 Colon Model at Ybor Lofts starting at $2,004 with a $2.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
East Ybor Casitas | Casita 2306 | 1BR,1BA | $1.88 |
Ybor Lofts | Colon | 1BR,1BA | $2.64 |
Casa Pedroso - Ybor City | 1x1 -Patio | 1BR,1BA | $2.84 |
Casa Buchman - Ybor City | Buchman Apartments | Studio ,1BA | $2.76 |
Inscription Channel District | SA (Studio) | Studio ,1BA | $3.53 |
Mobley Park | Elm | 1BR,1BA | $1.80 |
La Unión | A2A | Studio ,1BA | $3.80 |
Casa Oliva - Ybor City | Studio | Studio ,1BA | $3.52 |
Casa Marti | Candido - Balcony | Studio ,1BA | $4.01 |
2301 N Jefferson St, Unit 7 | 2301 N Jefferson St | Studio ,1BA | $2.86 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestylePanama, Tampa, FL
Ranked #223
Among neighborhoods in Tampa, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $2,014.
What is the price of a cheap apartment in Panama?
The cheapest apartment in Panama is Mobley Park which is listed at $991, while the average apartment in Panama costs $3,476.
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 78 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 $409 which is $3,067 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.

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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.