Cheap Apartments for Rent in Panama, OK from $400 (37 Rentals)

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

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Tara Gardens
1 to 2 Bedroom Apartments

Tara Gardens

1615 S 22nd StFort Smith, AR 72901
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Southbrooke Apartments
2 Bedroom Apartments

Southbrooke Apartments

8201 Highway 271 SFort Smith, AR 72908
  • Utilities Included
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St. Andrews Apartments
1 to 2 Bedroom Apartments

St. Andrews Apartments

4901 St Andrews WayFort Smith, AR 72903
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Showing Results 1-37, Page 1 of 1

Panama, OK Local Guide

Cheapest Available Panama Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panama, OK is a 1 Bed unit found at 601 Xavier St in the Cavanaugh neighborhood priced from $575. The Flats @ 5900 in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Panama apartments for rent:

Apartment ListingModel NameBed/BathPriced From
601 Xavier StOne Bedroom One Bathroom1BR,1BA$575
The Flats @ 59001 bed 1 bath Move-In Ready1BR,1BA$600
Pike PlaceStandard1BR,1BA$610
Southpoint Apartments1 Bedroom, 1 Bathroom1BR,1BA$610
Southbrooke ApartmentsSB 1 bed 1 bath1BR,1BA$625
N 47th Apartments1 Bed / 1 Bath1BR,1BA$625
Pine View Apartments1 Bedroom 1 Bath1BR,1BA$645
The Links at Fort SmithCustom1BR,1BA$665
The Bluffs @ Central1.1 Rehab1BR,1BA$665
Aspen HeightsLive your Best Life! Silver Aspen 1 Bed/ 1 Bath1BR,1BA$675

Best Value Apartments for Rent in Panama, OK and Nearby

As of April 17, 2025 the best value apartment in the Panama area is the $0.99 price per square foot 3 Bd House Model at Wyndchase Homes in the in the Massard neighborhood starting from $1,450. The second greatest value Panama apartment is the 2 Bed 2 Bath 2 Car Garage Model at Willowbrook Duplexes starting at $1,199 with a $0.89 price per square foot in the Cavanaugh 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.
Wyndchase Homes3 Bd House3BR,2BA$0.99
Willowbrook Duplexes2 Bed 2 Bath 2 Car Garage2BR,2BA$0.89
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
Glen Oaks2 Bed, 2 Bath (REHAB)2BR,2BA$0.87
Harbortown Apartments2.22BR,2BA$0.95
Better than the next- Colony West***Move in for $500 in September!***2BR,2BA$0.79
Southbrooke ApartmentsSB 2 beds 1 bath2BR,1BA$0.83
Lakeside Townhomes1 bedroom 750sqft1BR,1BA$0.95
Southpoint Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.86
The Flats @ 59001 bed 1 bath Move-In Ready1BR,1BA$0.92

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Getting Around Panama, OK

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 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

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

The lowest price for a Cheap One Bedroom Panama Apartment is $575 at 601 Xavier St.

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 $680 at Pike Place.

What is the most affordable Panama Three Bedroom Apartment?

The best deal on a cheap Panama Three Bedroom Apartment rental is at CompassRCG Management and starts from $912.

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.