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Apartment and house rental in Panama is reasonably priced and will probably get cheaper in the short term. As North Americans deal with credit concerns back home we may see fewer competing for housing space in Panama. There are lots of reasonably priced apartments to rent in safe neighborhoods in Panama City.

A quick look at one of the on line apartment rental sites in Panama City, Panama is instructive. The following table is a sampling of November 2008 rental listings by neighborhood or street from a popular on line site. This sample is for a two bedroom, two bathroom apartment rental listing for $500 to $2,000. The rental listings are for units of 100 to 240 square meters.

The most popular and trendy barrio, el Cangrejo, has the lowest priced apartment rental listing on the site in question. The high numbers of rental listings for Punta Paitilla and Marbella have to do with the number of high rises in these upscale areas.

Remember, these are asking prices. Also these rental listings include new and old apartments as well as pre construction listings.

When looking for an apartment in Panama City looking on line rental listings will give you an idea of asking prices but often the rental listings are out of date. Also, many apartments are listed with agents who do not list on line. Lower priced apartments usually are gone within a day of two of being available.

Thus it is wise to deal with a reputable rental agent such as ABPanama. We not only have 23 years experience managing real estate investment portfolios but also act as a rental agent. We also have on line rental listings but since the best apartments at the best prices go so fast they may not get onto our web site before they are sold.

Contact us and let us know what size and price range of apartment you are interested in. With years of experience doing business throughout Panama we can suggest less expensive neighborhoods but areas that are safe and convenient.

A 135 square meter apartment in el Cangrejo just went for $800 a month. This unit is half a block from Manolo’s, the place for great food a few steps from Venito, the hotel and casino. The owner only places her properties with an agent and does not advertise. The apartment was seen and rented within two days of being offered.

So, there are great deals on apartments in Panama City. Whether you find an rental listing on line or see a phone number on the side of a building call us at ABPanama. We are bilingual and can safely walk you through a visit, negotiations, and a rental contract.