Cheap Car Rentals in Panama City from ₱393
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 5/19 and drop-off date of 5/21. Fares are subject to change and may not be available at all agencies or on all dates of rental. Click the price to replicate the search for this deal.
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 April 30, 2025.
January
₱729
February
₱785
March
₱673
April
₱673
May
₱617
June
₱673
July
₱785
August
₱673
September
₱505
October
₱448
November
₱617
December
₱729
Currently, the cheapest month to rent a car in Panama City is October. The most expensive time to rent a car is February. 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.
Popular car types in Panama City
Explore the most popular car models available for rent in Panama City and choose the one that suits your needs. The price data is sourced from various car rental companies and was last updated on April 30, 2025.
In Panama City, there are 109 active rental locations from 24 car rental companies. small car is the cheapest car type to rent in Panama City in the past week - currently priced from ₱393/day. View deals for 5 car types available to rent in this destination:
Economy
₱408+
Compact
₱1,279+
Intermediate
₱787+
Minivan
₱2,404+
Full-size SUV
₱4,229+
Mini
₱393+
Passenger van
₱3,794+
Pickup Truck
₱3,345+
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 April 30, 2025.
Book your reservation with one of the top rental car agencies located in Panama City, including Budget, Dollar and National. Skim reviews, rental company locations, prices, and more before making your decision.
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National
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Thrifty
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Avis
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Alamo
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Hertz
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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 ₱2,124. Data was last updated on April 30, 2025.
These are the best deals we've found on rentals cars in Panama City. If these deals don't completely appeal to you, check back soon for alternative offers.
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 April 30, 2025.
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: Thrifty (₱393/day), Hertz (₱408/day), and Sixt (₱1,279/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 (5.9 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 ₱49.39/gallon over the past month, costing you anywhere between ₱2,222 and ₱3,210 to fill up a car’s gas tank.
How far in advance should I rent a car in Panama City for the best price?
Booking in advance not only ensures a better chance of getting your vehicle of choice, it can save you up to 70% on your car rental. For a below average price in Panama City, Cheapflights recommends booking your car rental at least 7 days in advance.
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.
What car do most people rent in Panama City?
The most popular car chosen by those travelling to Panama City is Compact (Hyundai Venue) based on our Cheapflights data.