Car Hire in Panama
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Cheapest Car Hire Rates
City Centre
Economy
Kia Rio or comparable
$14.00 per day
Enrique Malek Airport
Compact
Hyundai Solaris or comparable
$14.75 per day
Enrique Malek Airport
Intermediate
Toyota Yaris Sedan or comparable
$19.55 per day
Most Popular Car Hire Deals
Enrique Malek Airport
Standard
Hyundai Accent or comparable
$24.38 per day
Tocumen International Airport
Full-size
Hyundai Elantra or comparable
$30.80 per day
City Centre
Premium
Toyota Corolla or comparable
$46.79 per day
City Centre
Luxury
Kia Optima or comparable
$53.16 per day
The above prices are only approximate and were last updated at 22:12 on 10/07/2025. Prices may vary based on the booking dates, length of rental, and car class.
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Special offers
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Award-winning
World's Leading Car Rental Booking Website in the World Travel Tech Awards (4 years in a row).
Highly-rated
A combined rating of 4.5 with 200k+ total reviews on platforms like Trustpilot, Google, and Review Center.
4M users
Have already booked on one of the fastest-growing car rental booking websites.
Travel information
Languages
Spanish, English
Currency
PAB
Drive on
Right-hand side
Dialing code
+507
Average car hire price
$27 per day
Average car hire length
9 days
Speed limit within city centre
40 - 60 km/h or 25 - 37 mph
Speed limit out of city centre
100 km/h or 62 mph
Acceptable limit of BAC
0.05%
Average petrol price
$0.92 per litre or $3.48 per gallon
Lowest petrol price
$0.87 per litre or $3.29 per gallon
Highest petrol price
$1.17 per litre or $4.43 per gallon
Map of Car Hire Destinations
In which month is car hire in Panama the most affordable?
Prices for hiring a car in Panama fluctuate depending on the time of year. This table and graph can help you find the best bargain.
Average price for hiring a car per day in Panama
The best month to hire a car in Panama is June — when the average price for a hire is $20.39 per day. This is 27% less than the yearly average and 43% less than hiring a car in December (when the average price is $35.53 per day).
This information can help you determine the low season. But note that these prices are only averages. The cost of your hire is determined by the type of car you select, the length of time you hire it for and how much in advance you book. Simply type in your dates in the form at the top of the page in order to find out the exact prices.
This information can help you determine the low season. But note that these prices are only averages. The cost of your hire is determined by the type of car you select, the length of time you hire it for and how much in advance you book. Simply type in your dates in the form at the top of the page in order to find out the exact prices.
How many days do people keep their hire cars, on average, in Panama?
How long renters typically keep their vehicle sometimes varies depending on the time of year. Travelers tend to keep their rental cars longer in February — an average of 12 days. They tend to keep them for a shorter time in May — an average of 8 days.
Average number of hire days in Panama
Which month is most favoured for hiring a car in Panama?
Given the number of customers searching for a car in Panama, April is the most popular, while September is the month that sees the lowest demand.
Monthly Car Hire Searches in Panama Compared to the Yearly Average
Car hire information
| Car hire locations | 27 |
| Airport locations | 6 |
| Popular suppliers | Automarket Rent a Car, Thrifty, National, Alamo, Hertz |
| Popular car categories | SUVs, Small cars, Large cars, Medium cars |
| Lowest price | $14 per day |
| Cheapest supplier | Ace Rent a car |
Most popular car models of suppliers
| Hire Agency | Model | Doors | Luggage | Type |
|---|---|---|---|---|
| Automarket Rent a Car | Hyundai Venue | 5 | 2 | SUVs |
| Automarket Rent a Car | Hyundai Grand i10 | 4 | 2 | Small cars |
| Thrifty | Kia Picanto | 4 | 1 | Small cars |
| Automarket Rent a Car | Hyundai Solaris | 4 | 2 | Small cars |
| Automarket Rent a Car | Toyota RAV4 | 5 | 3 | SUVs |
| Alamo | Kia Picanto | 4 | 1 | Small cars |
| Thrifty | Kia Rio | 4 | 2 | Large cars |
| Automarket Rent a Car | Toyota Hilux | 4 | 3 | SUVs |
| Thrifty | Hyundai Creta | 5 | 2 | SUVs |
| Thrifty | Kia Carnival | 4 | 3 | People Carriers |
Car Hire Statistics
Highest-rated company
Hertz
8.7 / 10
Lowest-rated company
MEX RENT A CAR
5.7 / 10
Total number of reviews
27
Total rental companies
17
Average daily price
$27.27
Lowest daily price
$14.00
Total cars available
1297
Top 17 suppliers in Panama in 2025
Hertz
11 locations
$23 - $62
Automarket Rent a Car
14 locations
$15 - $89
Flexways
2 locations
$15 - $89
Enterprise
7 locations
$34 - $230
Thrifty
11 locations
$20 - $47
FOX
4 locations
$20 - $47
NUCarrentals
2 locations
$22 - $102
National
9 locations
$34 - $271
Budget
10 locations
$40 - $104
Routes Car Rental
1 location
$35 - $69
Firefly
4 locations
$18 - $38
Alamo
10 locations
$33 - $263
Avis
8 locations
$22 - $178
Europcar
5 locations
$23 - $93
Ace Rent a car
6 locations
$14 - $154
SIXT
6 locations
$15 - $318
MEX RENT A CAR
1 location
$39 - $90
Awards
World Travel Tech Awards - World's Best Car Rental Booking Website 2023
World Travel Tech Awards - World's Best Car Rental Booking App 2023
Magellan Awards Gold Winner 2023
Travel & Hospitality Awards 2021
FT 1000: Europe's Fastest Growing Companies - Top 300 Companies 2021
FT 1000: Europe's Fastest Growing Companies - Top 100 Companies 2020
Uzakrota Travel Awards - World’s Leading Car Rental Website 2022
Trustpilot - Top 10 Car Hire Agencies
SimilarWeb - Top 50 Car Hire Websites
Our clients highly recommend us
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