[vc_row][vc_column][vc_column_text]Browse through our listings of Panama Real Estate for Rent and contact us with any questions. Prices on Panama real estate for rent vary depending on a number of factors, most principally neighborhood, the age of the property, floor height (in the case of a condo for rent), and amenities included in the building or the gated community. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_tta_accordion style=”flat” color=”white” c_icon=”” active_section=”0″ no_fill=”true” el_class=”prop-landing” css=”.vc_custom_1457651792479{background-color: #ffffff !important;}” collapsible_all=”true”][vc_tta_section title=”Read more about Panama Real Estate for Rent” tab_id=”read-more” el_class=”prop-read-more”][vc_column_text] In most instances, Panama rental contracts are for a minimum of 12 months, however some owners are inclined to shorten the period to six months. Typically, the tenant is responsible for paying the monthly utility bills which include electricity, internet, cable, and local telephone. Cost for a basic phone/internet/cable combination is roughly $60.00 per month and power bills depend on the size of the property and how often the tenant is at home. For a typical 1,200 square foot condo, a power bill will range anywhere from $75.00 – $200.00 per month, depending on how cold/frequent you keep the air conditioning running and how often you are home.
If you are looking for a Panama rental property in the city center, you’ll find that the Panama real estate market for rental property is mostly comprised of condos for rent. The words “condo” and “apartment” are generally interchangeable in Panama and refer to multi-family residential towers referred to locally simply as “condos”.
Condos for rent in Panama range from three story low rises to massive 70+ story high rises.
Panama City Panama for Rent
Panama City Panama real estate for rent prices vary based mostly on location. Panama City neighborhoods that tend to have a higher-end offering (and thus higher rental prices) include Punta Pacifica, Costa del Este, Avenida Balboa and the historic region of Casco Viejo. More affordable sectors of the Panama real estate for rent market are San Francisco, El Cangrejo, Bella Vista, and El Dorado.
The condo offering in the Panama real estate for rent market is comprised of both furnished and unfurnished properties for rent. Typically, there is a 10% premium on an unfurnished rental property, meaning that an unfurnished condo may run $1,000/month and that same condo would be $1,100/month if it was furnished. Most appliances including the water heater are run on gas, and the gas is usually part of the condo association dues, meaning that gas is usually included in the monthly rental price. This is also the case with water.
Homes for rent in Panama are traditionally either stand alone single family homes or duplex style construction. In the example of a duplex, two homes will share a common wall. If the Panama home for rent is located in a gated community, you may have the advantage of a shared swimming pool or barbeque area, the use of which would be included in your monthly rent.
Panama real estate for rent options vary greatly, with some buildings and neighborhoods having all sorts of amenities like multiple swimming pools, gyms, social areas, putting greens, saunas, racquetball courts while other buildings have none of the above.
Panama Equity works with owners, property administrators, and fellow real estate agents to help our clients source the right fit for their rental needs and we have literally hundreds of rental options to choose from.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]