Cheap Apartments for Rent in Panama, NY from $500(26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Arneman Place Apartments
from $1792 to 4 Bedroom Apartments

Arneman Place

4690 Iroquois AveErie, PA 16511
View Details
close
View Me
Springwood Apartments
from $8001 Bedroom Apartments

Springwood Apartments

26-40 Spring StWestfield, NY 14787
Senior Living
View Details
Showing Results 1-26, Page 1 of 1

Panama, NY Local Guide

Cheapest Available Panama Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panama, NY is a 4 Beds unit found at University Gate in the East Suburban Erie neighborhood priced from $555. Willow Commons Apartments in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $665. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Gate4 Bed4BR,2BA$555
Willow Commons ApartmentsTwo Bedroom2BR,1BA$665
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$675
Drake Village Apartments2 Bedroom2BR,1BA$680
Laurel Springs ApartmentsStudio Apartment - 378Studio,1BA$735
The Meadows1 bedroom1BR,1BA$750
Lighthouse Apartments1 bedroom1BR,1BA$750
38 North Park Row1 Bedroom, 1 Bathroom1BR,1BA$750
Modern Tool Square0BR/1.0BAStudio,1BA$800
Cider Mill ApartmentsSpacious 1 BD 1 BA 041BR,1BA$820

Best Value Apartments for Rent in Panama, NY and Nearby

As of November 28, 2024 the best value apartment in the Panama area is the $0.81 price per square foot 3 Bedroom Large Model at Brookwood Village in the in the South East Hills neighborhood starting from $1,375. The second greatest value Panama apartment is the Three Bedroom Townhome - A Model at Granite Ridge Apartments starting at $1,225 with a $0.94 price per square foot . 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.
Brookwood Village3 Bedroom Large3BR,2BA$0.81
Granite Ridge ApartmentsThree Bedroom Townhome - A3BR,1.5BA$0.94
University Gate4 Bed Upgraded4BR,2BA$0.54
Park Place Collegiate Housing3BR/1BA by bedroom3BR,1BA$0.66
Willow Commons ApartmentsTwo Bedroom2BR,1BA$0.60
38 North Park Row2 Bedroom, 1 Bathroom2BR,1BA$1.12
The Meadows2 bedroom2BR,1BA$1.18
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.04
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31

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

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

Explore Panama, NY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Panama, NY

View MapPanama, NY Apartments MapView MapPanama, NY Rental Homes Map

Getting Around Panama, NY

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 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 Laurel Springs Apartments listed at $735.

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

The lowest price for a Cheap One Bedroom Panama Apartment is $675 at Fairmount Hills 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 $665 at Willow Commons Apartments.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at Granite Ridge Apartments and starts from $1,100.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process. While fees will range depending on...

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in...

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print. While most leases...

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new...