
Cheap Apartments for Rent in the Panama Neighborhood of Tampa, FL from $600 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Panama area of Tampa.


1104 E Genesee St

1320 E Louise Ave, Unit B

1411 E 27th Ave

Miles at Ybor

3407 N Avenida Republica de Cuba

1216 E Chelsea St

2301 N Jefferson St

1014 E 31st Ave
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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.

2916 N 16th St

1907 N Morgan St

Buchman

2914 N 10th St

2702 N Florida Ave

2817 N Taliaferro Ave, Unit 3

2817 N Taliaferro Ave

1007 E 32nd Ave

1007 E 32nd Ave, Unit 1/2
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1814 E Emma St

3618 Machado St

2603 N 29th St, Unit Apt-A, Unit Apt-A

418 E Amelia Ave

Casa Marti

The Casitas & Lofts at Casa Ybor

409 E Floribraska Ave

Casa Oliva

1910 E Palm Ave, Unit 11211, Unit 11211
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Tampa Park Apartments

9th Avenue Apartments

1028 E 17th Ave

2917 Sanchez St

2802 Banza St

La Union

2810 N Mitchell Ave

2909 N 17th St

1910 E Palm Ave
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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 | $1,722 | $900 | $2,923 |
| Panama 1 Bedroom Apartments | $2,160 | $936 | $3,082 |
| Panama 2 Bedroom Apartments | $3,099 | $1,395 | $4,144 |
| Panama 3 Bedroom Apartments | $3,604 | $2,000 | $4,604 |
| Panama 4 Bedroom Apartments | $6,725 | $6,725 | $6,725 |
Browse Apartments in this Neighborhood
There are currently 36 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 Miles at Ybor priced from $936. 2301 N Jefferson St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Panama apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miles at Ybor | The Murphy Co-Living Suite | 1BR,1BA | $936 |
| 2301 N Jefferson St | 1 Bedroom | 1BR,1BA | $1,095 |
| Casa Marti | Candido | Studio,1BA | $1,507 |
| Casa Oliva | Corona | Studio,1BA | $1,599 |
| Casa Pedroso | Liberty | Studio,1BA | $1,699 |
| 7th & Oak | Studio-S1 | Studio,1BA | $1,725 |
| Ybor Lofts | Bayamo | 1BR,1BA | $1,795 |
| The Stevedore | A1A-WDU | 1BR,1BA | $1,800 |
| La Union | A2A | Studio,1BA | $1,820 |
Best Value Apartments for Rent in Panama, FL
As of April 16, 2026 the best value apartment in the Panama area is the $2.97 price per square foot A9A Model at La Union in the in the Ybor City neighborhood starting from $2,251. The second greatest value Panama apartment is the Bayamo Model at Ybor Lofts starting at $1,795 with a $2.51 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. |
|---|---|---|---|
| La Union | A9A | 1BR,1BA | $2.97 |
| Ybor Lofts | Bayamo | 1BR,1BA | $2.51 |
| Casa Pedroso | Sovereign | 1BR,1BA | $3.04 |
| 7th & Oak | Studio-S1.120 WDU | Studio ,1BA | $3.39 |
| The Stevedore | A1A | 1BR,1BA | $3.95 |
| 2301 N Jefferson St | 1 Bedroom | 1BR,1BA | $2.46 |
| Casa Oliva | Corona | Studio ,1BA | $3.60 |
| Casa Marti | Candido - Balcony | Studio ,1BA | $3.83 |
| Miles at Ybor | S1A - Studio | Studio ,1BA | $5.06 |
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Read ArticleTop Student Friendly Neighborhoods to Rent Near Colleges in Tampa
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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, Tampa, FL
Ranked #255
Among cities in Florida 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 $1,820.
What is the price of a cheap apartment in Panama?
The cheapest apartment in Panama is Miles at Ybor which is listed at $936, while the average apartment in Panama costs $6,725.
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 31 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 $674 which is $6,051 cheaper than the average rent for all rentals in Panama.
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 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.

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.