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 28 March 2025.
January
$20
February
$22
March
$20
April
$19
May
$17
June
$19
July
$22
August
$19
September
$14
October
$12
November
$17
December
$20
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.
Compare available car types for hire in Panama City
Compare and contrast the various car types offered for hire in Panama City to find the perfect fit for your trip. Price data is based on averages over the last 12 months and was last updated on 28 March 2025.
Small cars | $9 - $34 | |
|---|---|---|
All Car Types | $15 - $111 |
To hire a small car in Panama City, Panama, you would pay an average price of $19/day. February is the cheapest month to hire a small car in Panama City, Panama (~$9/day), while the most expensive month to hire that same car type is December (~$34/day). In fact, February is about 55% cheaper than prices during the rest of the year to book a small car hire for Panama City. When comparing with other car types available for hire in Panama City, hiring a small car saves you 50% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
To hire a medium car in Panama City, Panama, you would pay an average price of $32/day. July is the cheapest month to hire a medium car in Panama City, Panama (~$26/day), while the most expensive month to hire that same car type is April (~$138/day). In fact, July is about 22% cheaper than prices during the rest of the year to book a medium car hire for Panama City. When comparing with other car types available for hire in Panama City, hiring a medium car saves you 18% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
To hire a SUV in Panama City, Panama, you would pay an average price of $21/day. July is the cheapest month to hire a SUV in Panama City, Panama (~$25/day), while the most expensive month to hire that same car type is March (~$64/day). In fact, July is about 19% cheaper than prices during the rest of the year to book a SUV hire for Panama City. When comparing with other car types available for hire in Panama City, hiring a SUV saves you 48% in costs. Please note that average prices are based on historical data and can vary depending on how early you book, availability for your travel dates, and vehicle popularity.
Top hire agencies in Panama City
Explore the leading car hire agencies in Panama City known for their outstanding service and extensive range of vehicles to choose from. There are currently 8 car hire companies in Panama City. Reviews were last updated on 28 March 2025.
Hire a car with one of the top providers serving the Panama City area such as Budget, Dollar and National. Be sure to do your research on pricing, reviews, pickup locations, and other important criteria before choosing.
Budget
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Dollar
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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 hire FAQs
Find answers to frequently asked questions about car hires in Panama City, including policies, requirements, and more. FAQs were last updated on 28 March 2025.
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 (6.0 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 $1.40/litre over the past month, costing you anywhere between $63 and $91 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 early can save you upwards of 70% on your car hire. Booking your vehicle at least 7 days in advance can you get you a great below-average price in Panama City.
Can I rent a car for a month in Panama City?
Yes, cars are available to be hired for an entire month in Panama City.
What car do most people hire in Panama City?
The most popular car chosen by those travelling to Panama City is Standard (Hyundai Tucson) based on our Cheapflights data.