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 29 April 2025.
January
RM 56
February
RM 61
March
RM 52
April
RM 52
May
RM 48
June
RM 52
July
RM 61
August
RM 52
September
RM 39
October
RM 34
November
RM 48
December
RM 56
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 29 April 2025.
There are 24 hire agencies servicing Panama City. These agencies, altogether, have 109 hire locations available. Need an affordable hire? small car is the cheapest car type to hire in Panama City with prices from RM 48 a day in the previous 7-day period. Here are 4 car types you can hire in Panama City:
Economy
RM 62+
Compact
RM 48+
Intermediate
RM 128+
People carrier
RM 341+
Full-size SUV
RM 323+
Mini
RM 44+
Passenger van
RM 460+
Premium SUV
RM 653+
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 29 April 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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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 29 April 2025.
What car hire 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: MEXRENTACAR (RM 44/day), Avis (RM 48/day), and Thrifty (RM 128/day).
Which car hire 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 car hire companies in Panama City.
What are petrol prices like in Panama City?
The average price of petrol in Panama City is RM 3.85/litre over the past month, costing you anywhere between RM 173 and RM 250 to fill up a car’s fuel tank.
How far in advance should I hire 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 hire. For a below average price in Panama City, Cheapflights recommends booking your car hire at least 7 days in advance.
Can I rent a car for a month in Panama City?
Yes, renting a vehicle in Panama City for a month is certainly possible.
What car do most people hire in Panama City?
The majority of Cheapflights travellers prefer to hire a Compact (Hyundai Venue) in Panama City, making it the most popular option.