1 Bedroom Apartments for Rent in Panama, IL (28 Rentals)

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property at 90 Magnolia Dr

90 Magnolia Dr

Glen CarbonIL62034
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Panama, IL Local Guide

Largest Available Panama and Nearby 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in Panama, IL is found at Cedar Point Apartments in the Metro East neighborhood and is 980 square feet priced from $1,050. Station on Main in the Fruit Maple Carpenter neighborhood has the second largest 1 Bedroom, which is sized at 835 square feet and currently listed start at $1,955. Here is today’s list of the largest available 1 Bedroom units in Panama:

Apartment ListingModel NameSquare FootagePriced From
Cedar Point ApartmentsTwo Bedroom Garden980 Sq Ft$1,050
Station on Main1-1E835 Sq Ft$1,955
Thirteen01 at Hartman Lakes1 Bedroom816 Sq Ft$1,495
The Oasis at Hartman Lakes1 Bed766 Sq Ft$1,650
Marian Heights1 Bedroom754 Sq Ft$1,355
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...700 Sq Ft$950
Metro Apartments at Granite CityYour Next Home + $100 Off Monthly Rent + 1 Mont...700 Sq Ft$900
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...700 Sq Ft$950
Whispering Heightswh.A3691 Sq Ft$1,499
Rocwood Apartments1BR Units600 Sq Ft$650

Cheapest Available Panama and Nearby 1 Bedroom Apartments

As of April 24, 2025 the lowest priced 1 Bedroom apartment unit in Panama, IL is the 1BR Units Model starting from $650 at Rocwood Apartments . The second most affordable Panama 1 Bedroom is the Your Next Home + $100 Off Monthly Rent + 1 Mont... Model at Metro Apartments at Granite City starting at $900 in the Metro East neighborhood. The average price for all 1 Bedroom apartments in Panama is currently $1,365. Here is today’s list of the cheapest available 1 Bedroom options in Panama:

Apartment ListingModel NamePriced From
Rocwood Apartments1BR Units$650
Metro Apartments at Granite CityYour Next Home + $100 Off Monthly Rent + 1 Mont...$900
Cedar Point ApartmentsOne Bedroom Garden$900
ReNew at AltonFinley$915
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...$950
Metro Apartments At BethaltoSave up to $500 off Move In Costs with your EXC...$950
Whispering Heightswh.A1$1,325
Marian Heights1 Bedroom$1,355
Station on Main1-1B$1,490
Thirteen01 at Hartman Lakes1 Bedroom$1,495

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Getting Around Panama, IL

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 1 Bedroom Panama Apartments

What is the Cheapest apartment in Panama with 1 Bedroom?

Currently the most affordable 1 Bedroom in Panama is at Rocwood Apartments listed at $650.

How much is the average rent for a 1 Bedroom Panama Apartment?

The average rent for a 1 Bedroom Apartment in Panama is $1,365.

What is the largest available 1 Bedroom Panama Apartment for rent?

Today's apartment with the most square footage in Panama is a 980 square feet unit starting from $1,050 at Cedar Point Apartments.

What is the average size for Panama 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Panama is currently 600 sq ft.

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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.