With a thriving real estate market, Panama City offers a wide range of rental properties for every budget and preference. Renting an apartment here is certainly worth considering if you’re staying for a few weeks or months, whether for work, business, or an extended holiday. Whether you’re looking for a family-friendly three-bedroom condo, a luxurious penthouse, or an efficient studio, you will find Panama City apartments well-appointed with top amenities so you can feel at home.
How do you know which property to rent? Here are key considerations to help you narrow down the options.
The neighborhood
Panama City has many expat-friendly neighborhoods with their own unique offerings and character. Where you stay can impact your overall experience. For instance, El Cangrejo features a bustling nightlife, while Costa del Este offers a quiet atmosphere with tranquil waterfront vistas. Ultimately, your choice should depend on factors like transportation options, safety, proximity to school and work, and convenience.
Features and amenities
Most neighborhoods in the heart of the city have a mix of modern and old buildings. Most new high-rises have gyms, swimming pools, and barbecue areas, as well as concierge services and playgrounds for kids. You will find Panama City apartments in all sizes in these buildings, from studios to three bedrooms, with studios being the most sought-after. You’ll also find ones with four or more bedrooms, but they are rare and more expensive.
Age of the property
Most apartments have a small service room where a live-in housekeeper can stay, but this isn’t usually included when counting the number of bedrooms. Note that the dimensions of apartments vary per construction year and price. Of course, a bigger budget means more square footage, usually seen in older apartments that range from 80 to 160 square meters. The downside is they don’t often have the usual amenities found in newer Panama City apartments.
Cost
Apartment rental costs depend on the neighborhood, amenities, furnishings, construction year, and size. The closer you are to real estate hotspots and the city center, the bigger your budget needs to be. These hotspots are high-demand upscale neighborhoods, such as Punta Pacifica, Santa Maria, Avenida Balboa, and Albrook.
Find the perfect apartment in Panama City.
Use Panama Centro Realty to save time finding and comparing Panama City apartments for rent. If you need assistance, email them at info@panamarealtor.com or speak to their friendly team by calling 507-2276645.
About the Company:
Based out of Panama City, Panama Centro Realty is a duly licensed real estate company in the Republic of Panama. The firm represents properties throughout the ten provinces of the Republic and is committed to deliver a professional real estate experience to all of its clients.
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