Cheap Car Rentals in Panama City from $5
This price is the cheapest per day rate found by a Cheapflights user in the last 48 hours by searching for a car rental in Panama City with a pick-up date of 3/11 and drop-off date of 3/20. Fares are subject to change and may not be available at all agencies or on all dates of rental.
Panama City car rentals in 2025
Get helpful information to start your search for the perfect car rental in Panama City. The average price data is based on the last 12 months and was last updated on February 20, 2025.
Most popular company | ECONOMY |
|---|---|
Price of gas per gallon | $3.33 |
Average price per day | $15 |
Cheapest price per day | $5 |
What is the cheapest time to rent a car in Panama City?
Discover the most affordable period to rent a car in Panama City and save money on your trip. The monthly average price data is based on historical data over the last year and was last updated on February 20, 2025.
January
$13
February
$13
March
$13
April
$11
May
$11
June
$12
July
$13
August
$12
September
$9
October
$8
November
$11
December
$13
Currently, the cheapest month to rent a car in Panama City is October. The most expensive time to rent a car is January. The cheapest prices for each month are shown above, but prices will vary based on availability, how far out you book your rental car, and of course, car type.
Compare available car types for rental in Panama City
Compare and contrast the various car types offered for rental in Panama City to find the perfect fit for your trip. Price data is based on averages over the last 12 months and was last updated on February 20, 2025.
Small cars | $8 - $16 | |
|---|---|---|
All Car Types | $21 - $33 |
To rent a small car in Panama City, Panama, you would pay an average price of $12/day. January is the cheapest month to rent a small car in Panama City, Panama (~$8/day), while the most expensive month to rent that same car type is June (~$16/day). In fact, January is about 34% cheaper than prices during the rest of the year to book a small car rental for Panama City. When comparing with other car types available for rental in Panama City, renting a small car saves you 56% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity. Here are the best Panama City small car rental prices found by Cheapflights users in the past 7 days:
To rent a medium car in Panama City, Panama, you would pay an average price of $19/day. January is the cheapest month to rent a medium car in Panama City, Panama (~$17/day), while the most expensive month to rent that same car type is June (~$23/day). In fact, January is about 11% cheaper than prices during the rest of the year to book a medium car rental for Panama City. When comparing with other car types available for rental in Panama City, renting a medium car saves you 30% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity. Here are the best Panama City medium car rental prices found by Cheapflights users in the past 7 days:
To rent a large car in Panama City, Panama, you would pay an average price of $43/day. November is the cheapest month to rent a large car in Panama City, Panama (~$28/day), while the most expensive month to rent that same car type is December (~$56/day). In fact, November is about 37% cheaper than prices during the rest of the year to book a large car rental for Panama City. When comparing with other car types available for rental in Panama City, renting a large car is 39% more expensive. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
To rent a SUV in Panama City, Panama, you would pay an average price of $25/day. April is the cheapest month to rent a SUV in Panama City, Panama (~$19/day), while the most expensive month to rent that same car type is March (~$32/day). In fact, April is about 24% cheaper than prices during the rest of the year to book a SUV rental for Panama City. When comparing with other car types available for rental in Panama City, renting a SUV saves you 8% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity. Here are the best Panama City SUV rental prices found by Cheapflights users in the past 7 days:
To rent a van in Panama City, Panama, you would pay an average price of $69/day. October is the cheapest month to rent a van in Panama City, Panama (~$59/day), while the most expensive month to rent that same car type is December (~$92/day). In fact, October is about 15% cheaper than prices during the rest of the year to book a van rental for Panama City. When comparing with other car types available for rental in Panama City, renting a van is 61% more expensive. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity. Here are the best Panama City van rental prices found by Cheapflights users in the past 7 days:
To rent a pickup truck in Panama City, Panama, you would pay an average price of $40/day. November is the cheapest month to rent a pickup truck in Panama City, Panama (~$32/day), while the most expensive month to rent that same car type is July (~$54/day). In fact, November is about 22% cheaper than prices during the rest of the year to book a pickup truck rental for Panama City. When comparing with other car types available for rental in Panama City, renting a pickup truck is 35% more expensive. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
To rent a luxury car in Panama City, Panama, you would pay an average price of $57/day. November is the cheapest month to rent a luxury car in Panama City, Panama (~$40/day), while the most expensive month to rent that same car type is December (~$80/day). In fact, November is about 32% cheaper than prices during the rest of the year to book a luxury car rental for Panama City. When comparing with other car types available for rental in Panama City, renting a luxury car is 54% more expensive. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
Top rental agencies in Panama City
Explore the leading car rental agencies in Panama City known for their outstanding service and extensive range of vehicles to choose from. There are currently 8 car rental companies in Panama City. Reviews were last updated on February 20, 2025.
Browse through some of the top rental car agencies in Panama City, including Budget, Dollar and Thrifty in Panama City. Skim reviews, rental company locations, prices, and more before making your decision.
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National
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Avis
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Alamo
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Enterprise Rent-A-Car
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Best Panama City car rental deals found
Browse through a selection of recently found affordable car rental deals in Panama City. Plan your trip with ease and find the perfect rental option for your needs. There are currently 8 rental car agencies in Panama City with an average daily rate of $18. Data was last updated on February 20, 2025.
Peruse the best Panama City car rental deals we've found. Check back soon for more deals if you're not finding the one you're looking for.
Car rental FAQs
Find answers to frequently asked questions about car rentals in Panama City, including policies, requirements, and more. FAQs were last updated on February 20, 2025.
What is the cheapest rental car found in Panama City?
In the past two weeks, Cheapflights users have found many deals under $15/day when booking a rental car in Panama City. The best deal a user found was for $5/day from Economy Rent a Car, booked on Feb. 16.
What car rental company is typically the cheapest in Panama City?
According to our data, users have found the cheapest deals when booking a rental car in Panama City from the following companies over the past two weeks: Economy Rent a Car ($5/day), Thrifty ($5/day), and Fox ($5/day).
Which car rental company is considered to be the best in Panama City?
Taking our users’ ratings and reviews into consideration, Budget (8.5 rating), Dollar (6.9 rating) and Thrifty (6.0 rating) seem to be the best rental car companies in Panama City.
What are gas prices like in Panama City?
The average gas price in Panama City is $3.33/gallon over the past month, costing you anywhere between $40 and $57 to fill up a car’s gas tank.
How much does it cost to rent a car in Panama City for a week from Economy Rent a Car?
Economy Rent a Car is a popular option for travelers looking for car rental in Panama City. You can expect the average cost of rental car to be about $51 per week.
How far in advance should I rent a car in Panama City for the best price?
Booking early can save you upwards 70% on your rental. Booking your vehicle at least 7 days in advance can you get you a great below-average price in Panama City.
Can I rent a car for a month in Panama City?
Typically how long you can rent a car for depends on the inventory of the supplier. For Panama City however, it is certainly possible to rent a car for an entire month.
How much does it cost to rent a car in Panama City for a month?
Economy Rent a Car currently has the lowest price available for a month-long booking. Users have saved up to 58% compared to the average price of a 30-day rental in Panama City. Typically, a monthly car rental in Panama City can be found for $218. You can find car rental deals to be on average $7 a day.
How much is a car rental in Panama City for a weekend?
For a weekend car rental in Panama City, you can expect the average price to be around $26. Usually a Economy rental in Panama City is your cheapest weekend car rental option, though you should always check Cheapflights to see if there are other deals on alternative car rental types. If you do opt for renting a Economy for March, it will cost approximately $23 per day.
What car do most people rent in Panama City?
Hyundai Venue, which is a Compact vehicle, is the most popular to rent at Panama City according to Cheapflights users.