Cheap Car Rentals in Panama 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 with a pick-up date of 10/8 and drop-off date of 11/7. Fares are subject to change and may not be available at all agencies or on all dates of rental.
Panama car rentals in 2025
Get helpful information to start your search for the perfect car rental in Panama. The average price data is based on the last 12 months and was last updated on September 15, 2025.
Most popular company | Budget |
|---|---|
Most common car type | Compact |
Average price per day | $20 |
Cheapest price per day | $5 |
Compare car rental deals in Panama by type
Here are the best Panama small car rental prices found by Cheapflights users in the past 7 days:
Here are the best Panama medium car rental prices found by Cheapflights users in the past 7 days:
Here are the best Panama SUV rental prices found by Cheapflights users in the past 7 days:
Here are the best Panama van rental prices found by Cheapflights users in the past 7 days:
Here are the best Panama pickup truck rental prices found by Cheapflights users in the past 7 days:
Here are the best Panama luxury car rental prices found by Cheapflights users in the past 7 days:
Best car rental deals found in Panama
Browse through a selection of recently found affordable car rental deals in Panama. Plan your trip with ease and find the perfect rental option for your needs. There are currently 8 rental car agencies in Panama with an average daily rate of $16. Data was last updated on September 15, 2025.
Cheapflights insights for Panama car rentals
Get relevant, data-driven information to help you rent a car in Panama, including pricing trends, ideal booking times, and more.
How far in advance should I rent a car in Panama?
To get the best deal on a rental car in Panama, book about 7 days before your trip. At that point, average daily prices are around $7, which is about 39% cheaper than the typical rate.
What is the cheapest rental car company in Panama?
Fox is currently the cheapest rental car company in Panama with deals as low as $4.92/day found in the past two weeks. Avis is another inexpensive option with rates as low as $5.00/day.
What is the cheapest month to rent a car in Panama?
Planning a car rental in Panama? October is the cheapest month, costing about $8 per day. In contrast, February is the most expensive, with an average daily rate of $14. Monthly average rental prices are listed below. Remember, prices can change based on when you book, the type of car, and availability.
January
$13
February
$14
March
$12
April
$12
May
$11
June
$11
July
$12
August
$12
September
$9
October
$8
November
$11
December
$13
What car do most people rent in Panama?
Economy rentals (Hyundai Accent or similar) are the most popular option for those visiting Panama. SUV rentals (Subaru Forester or similar) are also a popular choice, followed by Luxury rentals (Toyota Camry or similar).
Which car rental company has the most locations in Panama?
Dollar has 25 locations throughout the area, more than any other company. Automarket Rent a Car has the second highest number of locations in Panama at 23.
What are the car rental prices for popular cities in Panama?
Discover the price range for renting a car in popular cities across Panama, helping you budget and make informed decisions for your upcoming travel. There are 108 pickup locations in Panama to choose from. Price data has been averaged over the last 12 months and was last updated on September 15, 2025.
Among the most popular cities in Panama, Bocas del Toro offers the lowest average rental price at just $5/day. Other affordable options include Panama City ($5/day), David ($6/day), and Río Hato ($7/day).
Top rental agencies in Panama
Explore the leading car rental agencies in Panama known for their outstanding service and extensive range of vehicles to choose from. There are currently 8 car rental companies in Panama. Reviews were last updated on September 15, 2025.
Thrifty
Budget
Dollar
National
Avis
Alamo
Hertz
Ace
Car rental FAQs
Find answers to frequently asked questions about car rentals in Panama, including policies, requirements, and more. FAQs were last updated on September 15, 2025.
What is the most popular car rental provider in Panama?
The most popular rental car company in Panama is Fox. With prices on LUXURY starting at $5/day about 274% more people book with Fox than other companies in the country.
What is the cheapest city to get a rental car in Panama?
At $21/day, it is 0% cheaper on average to rent a car in Panama City than any other city in Panama. The cheapest price found in Panama was for $9/day in Panama City.
What side of the road do you drive on in Panama?
Cars travel on the right side of the road in Panama.