Cheap Homes for Rent in Panama Neighborhood of Tampa, FL from $600 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

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.

Read Article
Showing Results 1-14, 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 Mobley Park priced from $991. Miles at Ybor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Panama apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Mobley ParkElm1BR,1BA$991
Miles at YborMurphy Co-Living Suite1BR,1BA$1,100
East Ybor CasitasCasita 23061BR,1BA$1,550
Casa Oliva - Ybor CityStudioStudio,1BA$1,575
La UnionA2AM - WDU1BR,1BA$1,649

Best Value Apartments for Rent in Panama, FL

As of July 28, 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
Casa MartiNestor - Den - Balcony1BR,1BA$3.16
2402 E Dr Martin Luther King Jr Blvd, Unit 12402 E Dr Martin Luther King Jr Blvd2BR,1BA$2.39
Ybor LoftsBauta1BR,1BA$2.80
Casa Buchman - Ybor CityBuchman ApartmentsStudio ,1BA$2.76
Mobley ParkElm1BR,1BA$1.80
La UnionA2AStudio ,1BA$3.66
7th & OakStudio-S1Studio ,1BA$4.35
Casa Oliva - Ybor CityStudioStudio ,1BA$3.52

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

Frequently Asked Questions about Panama

What type of rentals are currently available in Panama?

There are currently 74 Apartments for Rent in Panama, FL with pricing that ranges from $991 to $4,955. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panama ranging from $600 to $5,000.

What is the current price range for Rental Homes in Panama?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Panama ranges from $600 to $5,000 with an average monthly rent of $2,319.

How much are larger Three and Four Bedroom Rentals in Panama?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Panama range from $1,258 to $4,955, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $4,030.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.