I am writing this article in March of 2019, and will be showing you rental properties, taken from live online listing, to help you see what you can get for your money renting a home in Panama.
To people thinking to move here, even if you have the finances to buy, I would highly recommend renting here for the first 6 – 12 months, just to make sure the you absolutely love the location you have decided to live in.
Moving to another country is a big step, and confusing the matter with purchasing home right away, is usually not a good choice.
I am going to be covering six area, and the prices vary a lot in each area, Panama City, Coronado, Valle de Anton, Los Tablas, David and Boquete. Some of the “see full listing here” links may have expired, but if you get that notice when you click on them, then do a new search for what you are looking for.
Homes are rented both furnished and unfurnished, usually with a 6 month to 12 month lease, so depending on if you are bringing a container of your belongings or not, will be the deciding factor on what you need.
Panama City is the most expensive place to live in Panama, but it can be much cheaper than many north American cities, and you still have all the amenities of big city life.
In the area of San Francisco, on the Causeway, you can rent a 3-bedroom, 3-bath condo, with ocean views. This condo has all the amenities like Pool and Gym and is unfurnished for $1325/month.
The area of El Cangrejo in Panama City is very popular with expats because of its walkability to shops, restaurants and services. This newly remodeled 2-bedroom, 2-bathroom, plus maids quarters and bath is available for $800/month, unfurnished.
Another example is a 2 bedroom, 2 bathroom, furnished penthouse on the prestigious Avenue Balboa is a deal at $1875/month.
Let’s move on to Coronado, one of Panama’s most popular expat communities on the beach. This fully furnished 5th floor condo is located in Coronado Bay, an ocean front resort, one hour from Panama City. Coronado Bay offers exclusive resort-style living with dramatic ocean views. This apartment is available for a long-term rental of 6 to 12 months or longer. The 12-month lease rate is $1100/month plus utilities (Cable TV/WiFi and Electricity).
Maybe you are single, and on a budget, well there are beach front options for you also, starting for as little as $400 a month. This Playa Serena Gorgona (next to Coronado) a spacious, 1-bedroom beach apartment for rent,4th floor walk-up, ocean view, walk to the Beach, large swimming pool.
El Valle de Anton
Now we are going to visit our first mountain town, with cooler weather and made for people who love nature and the outdoors. Many expats are starting to consider El Valle de Anton as a retirement destination.
This is a great deal for a fully furnished, utilities included, 2-bedroom house in this charming town. Located in the beautiful and temperate mountain town of El Valle, this 2BR/1BA home is located close to shopping and the bus, yet is quiet. It is recently remodeled, fully furnished, and includes ALL utilities, good internet, and gardener. $600 per month.
The Azuero Peninsula is becoming popular with expats retiring in Panama with towns like Los Tablas, Chitré and Pedasí. The popularity comes from the quiet small-town life, close proximity to the beach and lower cost of living.
This bright, clean, furnished 2-bedroom + Den home for rent in Las Tablas for $500 a month. Fridge, stove, washer, and barbecue. Split Air in living room and bedroom, ceiling fans in all rooms, except for bathrooms. Freshly painted inside. Large, private covered rear deck accessible from kitchen exit or through master bedroom. Master ensuite and main bathroom off living room.
Here is a steal, but not a lot of pictures, in the city of Chitré, a 2-bedroom, 2-bath new construction for $250 a month.
Let’s move further west to the city of David in the Chiriquí province. David is the 3rd largest city in panama, with a population of around 175,000. It is close to the beach with very hot weather. It has all the amenities of the big city, like your PriceMart (Costco), Do-It-Center, movie theaters and a mall.
Although not the most popular place for expats in Panama, there are a lot of them living there, as the rents are cheap. Rents from as low as $300 a month.
Here is a fully furnished 2-bedroom, 2-bathroom condo, high end in a gated community with pool. For $750 a month.
Just outside of the city, a 1100 square foot unfurnished 2-bedroom, big yard for $425/month.
Now we head 35 kilometers up the mountain from David to Boquete, which is the largest expat community in Panama. People have been moving here to retire in Boquete for over 20 years, and there are somewhere around 5,000 expats living the Boquete area. This area has a very diverse rental market, from Panamanian neighborhoods to exclusive gated North American style expat communities.
For you retired singles, in Alto Boquete, close to everything you need, you can rent a large, new, modern studio apartment starting $350 a month. Fully furnished, including utilities and WIFI.
There are many 2-bedroom, 2 bath homes available in Boquete, starting from $500 a month to $1200 a month, depending on your tastes and budget. Here is a 2-bedroom condo, right downtown, fully furnished, and high-end for $1000 a month.
Or, for the more luxury renter a 3-bedroom, 2.5-baths, large deck, fully furnished in Valle Escondido, one of the most prestigious gated communities in panama, complete with a golf course. $1800/month.
See full listing here
So, as you can see, there are many renting options in Panama, for all tastes and all budgets. I personally live in Boquete, in the area of Alto Boquete, in a Panamanian style home, 2-bedroom, 2-bath, about 1200 square feet, unfurnished, with a 1/4 acre fenced and gated yard, for only $500 a month, and I love it here. Lots of space, big yard for the 2 dogs, and a very friendly neighborhood.
To check out rentals in different areas of Panama here are some great resources:
Check out Facebook Groups in your town
Come on one of our Retire in Panama Tours, and Oscar and I will show you all these expat communities with all these Rental Properties in Panama.
Retire in Panama Tours
It’s more than a tour . . it’s an experience.