Cheap car hire in Panama City, Panama

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Choose from 108 pick-up spots

When's the cheapest time to hire a car in Panama City?

Our data shows that September is the cheapest month to rent a car in Panama City. It’s around 29 € per day in September, compared to the yearly average of 37 € per day.
Cheapest month avgSeptember • 29 €
Yearly avg price37 €

Select your Panama City pick-up location

There are 108 car hire providers in Panama City. Check out the map below to find the most convenient pick-up spot.

Car hire pick-up spots in Panama City

Compare car hire prices at airports, train stations and in different neighbourhoods across Panama City. You might find a better price, or the perfect pick-up point nearby. Start your journey where it suits you.
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These are estimated prices to help you choose from a large number of options. Each is an average based on the lowest car rental prices found for each destination over the last 15 days.

The most popular car rental companies in Panama City

What's the most popular car to hire in Panama City?

Based on recent Skyscanner data, the Kia Picanto is the most popular car to hire in Panama City, with prices starting from €6 per day. The Hyundai Venue and similar models are also popular drives in Panama City.
Kia Picanto
Kia Picanto13% chose this
Hyundai Venue
Hyundai Venue9% chose this
Hyundai i10
Hyundai i108% chose this
Hyundai Tucson
Hyundai Tucson7% chose this
Most popular carKia Picanto
Why?Small, practical, easy to park

Panama City's cheapest car hire providers

NU Car Rentals has the cheapest car hire in Panama City right now, with prices from €6 per day. You'll save an average of €5 per day when you book with them.
NU Car Rentalsfrom €6 per day
Ace Rent a Carfrom €8 per day
MEXfrom €8 per day
Green Motionfrom €18 per day
Cheapest providerNU Car Rentals
Book with them to save around€5 per day

Hiring a car in Panama City: Fast facts

Here's everything you need to know to hit the road happy.
Most popular car hire companyAutomarket Rent a Car
Most popular carEconomy, Commercial Van
Average daily price54 €
Best time to book4 weeks before

How to book the best car rental deals in Panama City

We’re frequently named as the most trusted travel search site out there. We scan hundreds of trusted travel providers and put it all in one place, allowing you to instantly compare car hire rates and then book with no fees. Here's how to get the most out of your Panama City car rental search.

How to find a cheap car hire deal in Panama City

  • Pick up a cheap rental car in Panama City for an average of 54 € a day and hit the road happy. We do the hard work for you by searching all the top rental companies, putting amazing deals at your fingertips.

  • 6 € is the cheapest daily price listed for a rental in Panama City.

  • For longer trips, pick up a weekly rental from 41 € and make room for more adventures.

  • Here's your clue on when to book. Around three weeks in advance gives you the best window to grab the best price on a Panama City car hire.

  • Avis, MEX and Dollar are some of the best-known providers in the city. They're a smart place to start comparing offers.

  • Whether you choose Avis or another supplier, double-check the coverage on your Panama City car hire. Some companies include a collision damage waiver (CDW), while others offer it as an optional extra.

  • Booking a one-way car hire is often a great hack for finding a deal. Select 'Return car to a different location.' Providers sometimes have to move vehicles from one branch to another, which means you can bag some awesome one-way prices on a car for rent in Panama City.

  • Avoid any surprise charges by booking a vehicle with a 'Fair fuel policy.' Begin and end your trip with a full tank, paying only for what you use.

  • Hit the highway without watching the miles and racking up extra charges. Go to the 'Policies' filter and choose 'Unlimited mileage' to find a car that lets you go the distance.

Best value car hire options right now

  • You'll find the best deal with this company. Prices average 29 € a day.

  • Next in line is this provider, offering daily rates of around 29 €.

  • The third option also keeps costs reasonable. Expect to pay roughly 31 € a day for one of their rentals.

  • After a car that works for most trips? The Economy rental category is the number one choice for travellers visiting Panama City.

Flying to Panama City? Think about an airport pick-up

Compare car hire types in Panama City

  • Small: Whether you're zipping around the city or taking a quick trip, this car category delivers big value in a small package. Including mini and economy classes, you can expect easy handling and excellent fuel efficiency.

  • Medium: Not too small, not too big, this is the Goldilocks of rentals! Typically including compact and intermediate cars, they strike a balance of fuel efficiency and interior space and are good for couples and small families.

  • Large: Long drives fly by in this Panama City car hire category. Also known as full-size, their bigger engines are built to perform. The extra space and comfort make them an excellent option for groups of friends and families.

  • SUV: Get a higher ground clearance and a commanding view of the journey ahead in an SUV. Whether you're carving through winding trails or cruising along wide-open highways, many offer all-wheel drive to keep you steady on any road.

  • Van: Go for this vehicle category when you want a car for rent in Panama City that makes light work of heavy loads. Typically featuring commercial vans and trucks, they're made to carry more, whether that's supplies, suitcases or groups of people.

Insurance and optional extras

  • Excess insurance covers what you'd otherwise have to pay if your Panama City car hire is damaged or stolen. While not mandatory, it's a smart add-on if you'd rather play it safe. Just remember that not all insurance policies are equal, so make sure you know exactly what's offered.

  • Take your ride to the next level with extras like mobile Wi-Fi or a reverse camera. These add-ons can turn your drive into a smoother experience when you rent a car in Panama City.

Good to know

  • Check each company's age requirements before booking your car rental in Panama. Rules can differ, and extra charges or restrictions may apply if you're a younger driver. At the start of your search, simply uncheck the 'Driver aged between 25–70' box and enter your age to explore your options.

  • Travel plans include the kids? Car seat laws vary depending on where you are, and the right setup may depend on their height, weight and age. Be sure to add the right one to your Panama City car rental reservation.

  • Bring the right documents and save time at pick-up. You'll generally need your physical driver's licence (not a screenshot or digital version) plus another photo ID. Have a credit card ready for the deposit too. If there's anything extra, it'll be listed in your booking.

  • Spend a moment familiarising yourself with your rental. Fix your seat and mirrors, test the brakes and turn signals, and get a feel for its handling before you drive away. And remember to stick to the right side of the road in Panama.

  • Local speed limits are usually about 45kph through built-up areas and around 110kph on highways. Always check the posted signs, as limits may vary.

  • The blood alcohol concentration (BAC) limit in Panama is 0.05%. Since alcohol's effects vary from person to person, the only way to be sure you're safe to drive is to avoid drinking.

  • One of the busiest times to be on the road in this destination is around 8am. Make travel easier by steering clear of peak periods.

Best hotels in Panama City for drivers

  • Spend less time circling for a parking space and more time enjoying the comfort of Sofia's B&B Hostal Boutique. About 3 kilometres from central Panama City, it comes with parking, air conditioning and a laundry.

  • Sofitel Legend Casco Viejo - Panama City makes life simpler with parking and features such as a fitness centre and a beauty salon. It's roughly 3 kilometres from the city centre.

  • Browse through the range of hotels in Panama City for even more choices. Use the 'Parking,' 'Outdoor parking,' and 'Valet parking' filters to find the ideal fit. You can even select the 'Electric vehicle (EV) charging station' filter to limit results to EV-friendly stays.

  • It's time to start exploring now you've found a car hire deal in Panama City and your hotel. From Casco Viejo to Metropolitan Cathedral (Catedral Metropolitan) and Independence Square, you'll find plenty to fill your days here.

Hit the road: Where to drive to from Panama City

  • Keep travelling to Colon. Around 56 kilometres northwest of central Panama City, it's home to must-sees like Agua Clara Locks and Catedral Inmaculada Concepcion.

  • You'll be well taken care of at Radisson Colon 2,000 Hotel & Casino and New Washington Hotel, two accommodation options with parking in Colon.

  • Or make the trip to La Chorrera after picking up your cheap car hire in Panama City. It's around 31 kilometres west and features highlights like La Esquina Real Hortencio De Icaza.

  • Stretch your journey and road-trip it to Pocrí, around 137 kilometres southwest of Panama City. First, swing past Stella Sierra Regional Museum, then spend some time at Parador Fotográfico | Aguadulce.

Frequently asked questions

On average, hiring a car in Panama City will set you back around 54 € per day or 240 € per week. 

The cheapest car to rent in Panama City is a compact SUV. The most popular is Economy, Commercial Van.

The cheapest car hire companies in Panama City are currently Drive Rental Cars and Drive Car Rental.

Bagging the best car hire deal depends on when you book  – often, it pays to book your wheels as far in advance as possible. But according to our data, the cheapest month to rent a car in Panama City is currently July.

On average, around 240 €. But the best price we found for car hire for a week in Panama City is 41 €.

Based on everything we know about daily prices, the average cost to hire a car in Panama City for a whole month is 906 €. 

But sometimes, you'll get a discount for booking a whole month instead of 3 and a half weeks. So play with your dates to find the best deals!

If you're looking for freedom to explore Panama City, choose a car with unlimited mileage, or look for car hire deals with a ’full to full' fuel policy as opposed to a 'half-full to full' one.

We also clearly highlight car and van hire options in Panama City that have free cancellation

Yes – you can easily find car hire companies that allow you to pick up your car in one place, and then drop it off in another. Just select ‘Return car to a different location’ when you search with us.

Public transport can only get you so far, and could be tricky to navigate with children or luggage. With your own set of wheels, you can go wherever you want, whenever you want, for as long as you want. And you'll be able to discover more outside of Panama City.

Most places – Panama City included – allow under 25s to rent a car as long as they provide a valid driver's license and the correct documentation. It may cost slightly more due to a higher insurance excess for young drivers. 

The cheapest price we found for an economy car is 8 € per day. The average price per day is around 54 €.

Of course. Most major car hire companies like Automarket Rent a Car, Routes Car Rental and Hertz offer baby and child seats as an add-on when you book.

Other travellers rated Budget as the best overall in terms of experience.

Yes – van hire is available in Panama City.