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Panama City

Cheap Car Rentals in Panama City

Driver's age: 25-65
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Cheapflights insights for Panama City car rentals

Get relevant, data-driven information to help you hire a car in Panama City, including pricing trends, ideal booking times, and more.

How far in advance should I hire a car in Panama City?

Book your car hire in Panama City 2 days before your pickup date to maximise your savings. Car hire prices are around RM 41/day on average when booked 2 days ahead, which saves you 200% off the average price.

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What is the cheapest car hire company in Panama City?

In Panama City, the most affordable car hire company right now is Automarket Rent a Car, offering prices from just RM 5.42/day over the past two weeks. Another budget-friendly choice is Budget, with rates starting at RM 5.44/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 8.5/10 with 12 reviews). Fox (rated 8.0/10) is also highly rated by our users.

Budget
Budget
8.5
Fox
Fox
8.0
National
National
6.2
Thrifty
Thrifty
6.0

What is the cheapest month to rent a car in Panama City?

Planning to hire a car in Panama City? September is the cheapest month, costing about RM 37 per day. In contrast, March is the most expensive, with an average daily rate of RM 83. Monthly average car hire prices are listed below. Remember, prices can change based on when you book, the type of car, and availability.

January

RM 66

February

RM 70

March

RM 83

April

RM 62

May

RM 54

June

RM 46

July

RM 54

August

RM 46

September

RM 37

October

RM 46

November

RM 50

December

RM 66

What car do most people hire in Panama City?

The most popular types of cars to hire in Panama City are the following: Intermediate cars (Toyota Camry or similar), Compact cars (Hyundai Accent or similar), and Economy cars (Hyundai Accent or similar).

Which car hire 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.

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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 24 June 2026.

Budget

8.5
Very Good
12 reviews•6 locations
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Overview

Cleanliness

8.8

Comfort

8.6

Overall

8.5

Pick-up/drop-off

8.4

Value

8.2

Fox

3 locations
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Overview

Cleanliness

8.0

Comfort

8.0

Overall

8.0

Pick-up/drop-off

8.0

Value

8.0

National

6.2
Okay
3 reviews•6 locations
Check prices
Overview

Cleanliness

6.3

Comfort

6.3

Overall

6.2

Pick-up/drop-off

6.0

Value

6.0

Thrifty

6.0
Okay
8 reviews•14 locations
Check prices
Overview

Cleanliness

6.9

Comfort

6.4

Overall

6.0

Pick-up/drop-off

6.2

Value

5.9

Avis

5.8
Fair
13 reviews•4 locations
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Overview

Cleanliness

6.4

Comfort

6.1

Overall

5.8

Pick-up/drop-off

5.6

Value

5.8

Hertz

4.4
Mediocre
5 reviews•6 locations
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Overview

Cleanliness

5.6

Comfort

5.2

Overall

4.4

Pick-up/drop-off

5.3

Value

4.4

Europcar

4.1
Mediocre
5 reviews•6 locations
Check prices
Overview

Cleanliness

4.5

Comfort

4.7

Overall

4.1

Pick-up/drop-off

4.1

Value

4.1

Ace

3.0
Poor
2 reviews•3 locations
Check prices
Overview

Cleanliness

5.0

Comfort

4.6

Overall

3.0

Pick-up/drop-off

4.0

Value

4.0

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 24 June 2026.

  • How much does it cost to hire a car in Panama City for a week from Automarket Rent a Car?

    Hiring a car in Panama City for a week can be a great option for travel. Automarket Rent a Car, the most popular car hire company for this area, offers hire cars for around RM 421/week on average.

  • Can I rent a car for a month in Panama City?

    Yes, renting a vehicle in Panama City for a month is certainly possible.

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