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 11/4 and drop-off date of 11/19. Fares are subject to change and may not be available at all agencies or on all dates of rental.
Panama City car rentals in 2026
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 October 30, 2026.
Most popular company | AUTOMARKET |
|---|---|
Price of gas per gallon | $5.38 |
Average price per day | $10 |
Cheapest price per day | $5 |
Best car rental deals found in Panama City
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 $8. Data was last updated on October 30, 2026.
Cheapflights insights for Panama City car rentals
Get relevant, data-driven information to help you rent a car in Panama City, including pricing trends, ideal booking times, and more.
How far in advance should I rent a car in Panama City?
For the best savings on car rentals in Panama City, make your reservation 80 days before pickup. The average price then is just $11/day—about 22% less than the yearly average.
What is the cheapest rental car company in Panama City?
In Panama City, the most affordable rental car company right now is Automarket Rent a Car, offering prices from just $5.01/day over the past two weeks. Another budget-friendly choice is Thrifty, with rates starting at $5.01/day.
What is the best car rental company in Panama City?
Based on Cheapflights user feedback, the highest rated car rental company in Panama City is Budget (rated 8.7/10 with 13 reviews). Fox (rated 8.0/10) is also highly rated by our users.
What is the cheapest month to rent a car in Panama City?
The cheapest month to rent a car in Panama City is September where you can expect to pay $10/day on average. The most expensive month to rent a car in Panama City is March ($21/day on average). The average daily rental price for each month is shown below. Keep in mind that prices will vary based on availability, when you book, and the type of car you rent.
January
$17
February
$17
March
$21
April
$15
May
$13
June
$11
July
$13
August
$11
September
$10
October
$11
November
$13
December
$17
What car do most people rent in Panama City?
SUV rentals (Toyota Land Cruiser Prado, for example) are the most popular in Panama City. Passenger van (Dodge Grand Caravan) and Economy (Toyota Yaris) rentals are also often chosen by our users when visiting Panama City.
Which car rental company has the most locations in Panama City?
Avis has 4 locations throughout the area, more than any other company. Automarket Rent a Car has the second highest number of locations in Panama City at 13.
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 October 30, 2026.
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View Budget Locations in Panama City
Fox
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View Fox Locations in Panama City
National
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View National Locations in Panama City
Thrifty
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View Thrifty Locations in Panama City
Avis
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View Avis Locations in Panama City
Europcar
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View Europcar Locations in Panama City
Hertz
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View Hertz Locations in Panama City
Ace
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View Ace Locations in Panama City
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 October 30, 2026.
What is the cheapest rental car found in Panama City?
In the past two weeks, Cheapflights users have found many deals under $10/day when booking a rental car in Panama City. The best deal a user found was for $5/day from Automarket Rent a Car, booked on Oct. 24.
How much does it cost to rent a car in Panama City for a week from Automarket Rent a Car?
Automarket 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 $48 per week.
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?
Automarket Rent a Car currently has the lowest price available for a month-long booking. Users have saved up to 43% 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 $208. 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 $27. 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 November, it will cost approximately $20 per day.