What is not included in a typical condo for rent in Panama is the power, internet, and any other services which may be contracted by the tenant including cable and/or local telephone. In the case of some apartments in Panama, the cable and internet are included in the monthly building administration so they are, by default, also included in the monthly rent. An example of a building that includes virtually everything is the Trump Ocean Club, which gives internet, cable, and gas to residents and tenants as part of maintenance fees. Most other buildings at least include water and gas, meaning they are covered in the monthly building administration charge and not paid by a tenant.
Condos for Rent in Panama City Panama
Regarding the cost of condos for rent in Panama, there is a very wide range of options to choose from and thus an equally wide range of rental prices on condos. Expect to pay at the very least $550.00 per month for a condo in the center of Panama City, which in all likelihood will be in an older building with only a handful (if any) amenities and probably exclude furniture. Again, this is just a general range; that figure would get you a fairly small (approximately 50 meter or 550 square foot) condo. The mid range or average price of a condo for rent in Panama City (not including furniture in a building that is between 3-7 years old) is approximately $10.00 per meter, meaning a 120 meter apartment will generally run approximately $1,200 per month in rent.
Luxury Apartments for Rent in Panama
Certain areas of Panama City are known for a higher-end luxury offering. Typically these apartments for rent in Panama will offer a long list of amenities including swimming pools, a gym, a barbeque area and in some cases a local spa or other small business. The finish quality and construction materials in these types of apartments for rent generally include marble floors, granite counters, top-notch plumbing and electrical fixtures, central air conditioning and a generally more “upscale” offering. The average rental price on these types of luxury condos starts at around $15.00 per meter meaning the same 1,300 square foot (120 meter) condo for rent in the example above would be closer to $1,800 per month.
What makes Panama such a livable city is the wide range of condo options to rent. There really is a condo for rent in Panama for every price range, and we would encourage you to explore our site or contact us if you are looking to rent a condo in Panama! [/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]