Cheap Apartments for Rent in Panama, NE from $800 (49 Rentals)

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

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Panama, NE Local Guide

Cheapest Available Panama Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panama, NE is a Studio unit found at Kensington Park in the Southern Hills neighborhood priced from $805. Pine Lake Heights Apartments in the Southern Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $928. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kensington ParkStudioStudio,1BA$805
Pine Lake Heights ApartmentsShelbyStudio,1BA$928
East Lake FlatsBerkleyStudio,1BA$945
Lodge at Heritage LakesConestogaStudio,1BA$965
Wilderness Creek ResidencesAzaleaStudio,1BA$985
Broadmoor27RossStudio,1BA$995
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$995
Summit Falls Apartments & TownhomesOne Bedroom1BR,1BA$1,035
AristosFlorenceStudio,1BA$1,045
Level at Village GardensPoppyStudio,1BA$1,099

Best Value Apartments for Rent in Panama, NE and Nearby

As of April 24, 2025 the best value apartment in the Panama area is the $1.51 price per square foot Ash Model at The Villas at Wilderness Ridge in the in the Southern Hills neighborhood starting from $1,693. The second greatest value Panama apartment is the Sawyer Model at Tamarin Ridge starting at $1,500 with a $1.42 price per square foot in the Salt Valley View 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.
The Villas at Wilderness RidgeAsh2BR,2BA$1.51
Tamarin RidgeSawyer2BR,2BA$1.42
Wilderness Hills South ApartmentsC1 Attached Garage2BR,2BA$1.55
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.27
Kensington Park6200 Building2BR,2BA$1.14
Aventine at Wilderness Hills ApartmentsThe Lancaster1BR,1BA$1.50
The Donovan Apartment HomesA3R1BR,1BA$1.58
Highpointe by BroadmoorDenali1BR,1BA$1.45
Somerset1 Bedroom, 1 Bathroom - 750 SF1BR,1BA$1.33
Wilderness Brook ApartmentsOne Bedroom1BR,1BA$1.57

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Pet Friendly Lifestyle
Panama, NE

Ranked #40

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Panama, NE Rentals by Map

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See the most popular apartments and homes in Panama, NE

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Getting Around Panama, NE

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 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 Cheap Panama Apartments

What is the Cheapest Studio apartment in Panama?

Currently the most affordable Cheap Studio Apartment in Panama is at Kensington Park listed at $805.

How much is rent for a Cheap One Bedroom Panama Apartment?

The lowest price for a Cheap One Bedroom Panama Apartment is $990 at Pine Lake Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Panama Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Panama is starting from $1,010 at Kensington Park.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at Lodge at Heritage Lakes and starts from $1,730.

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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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.

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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.