In San Francisco area of Panama City, I’d say rental prices are probably starting about $750 to $800 per month, going up to $5,000 if you’re in the higher-end part of San Francisco, in the Punta Pacifica area, which would be for a large 3-bedroom apartment. In the middle of the San Francisco area where you would find the lower priced apartments, you can probably get something quite nice for about $800 a month.
For $800 a month you can probably get something that’s about 1,300 square feet in size, 2-bedrooms with all the appliances. You would have to put in your own furniture for that price, and at that price you would also be in one of the newer buildings, so you would have a social area, which would include a pool, gym within the building, and 24-hour security. If you were looking for an option for the same apartment that would be furnished, you would probably pay an extra $400 per month.
If a retiree came down to see if Panama City is for them and they like living there, they would probably want to rent something that’s furnished, which would be around $1,200 or maybe $1,100 if you were in one of the newer and nicer buildings. If you were going to one of the older buildings at lower price point but within San Francisco, more than likely you’re not going to find anything furnished in these buildings.
(Condo city view with an outdoor shower in the San Francisco district, Panama City, Panama
These prices do not include the utilities. Most of the buildings would include the gas you would use for your hot water, for cooking and for gas dryers. A lot of people in Panama City use gas dryers as opposed to electrical dryers, which cuts down on your expenses. You would pay for your electricity, cable bill, and Internet. The water and gas would be included.
For $2,000 a month you could get a very nice, fully-furnished one bedroom apartment in the Punta Pacifica neighborhood so you would be oceanfront in one of the new, modern buildings and you would have all the amenities—a gym, swimming pool, 24-hour security, and 24-hour concierge service. If you wanted to get a larger apartment, you wouldn’t find that in Punta Pacifica at that price, but in other parts of San Francisco for $2,000 you could definitely get an unfurnished 3-bedroom apartment that would be about 1,600 square feet. it would be very nice and would have all the amenities as well.
In Punta Pacifica, there’s one-bedroom to four-bedroom apartments. There are buildings in Punta Pacifica where it’s only one apartment per floor, so one apartment may be 10,000 square feet.
If you wanted like a furnished two-bedroom, two-bathroom in Punta Pacifica, it would probably cost $2,600 to $2,700 on the lower end, and up to about $3,500 per month on the higher end. Punta Pacifica has pretty much the highest real estate in the country of Panama.
(Condo city view with an outdoor shower in the San Francisco district, Panama City, Panama, pictured.)