(Panama Gringo) Renting in Panama City is often comparable to renting in similar neighborhoods in major US cities. But, the historic Casco Viejo (or Old City) district of Panama City is surprisingly affordable when compared to similar historic districts. Casco Viejo has undergone a major revitalization in recent years and was also named a World Heritage site in 2003.With a combination of Art Deco, Caribbean, and traditional Colonial architecture apartments and 
businesses in Casco land a comfortable yet monumental feel that is reminiscent of historic French cities in southern regions of the states.
You can find a newly remodeled 1 bedroom in Casco for about half as much as you would pay for one of similar size in New Orleans French Quarter. Arco Properties has a great site for searching condos and commercial properties in Casco Viejo. You can find a surprisingly fresh and charming one bedroom for anywhere from $700 to $1500 in Casco while a similar unit will begin around $1200 in the states.Casco also benefits from tropical weather and delicious Panamanian and Caribbean foods. There are many stores and restaurants in the neighborhood so finding one within walking distance from any rental shouldn’t be an issue. You can enjoy the ocean breeze while you walk through Casco Viejo and take in the slower pace the city has to offer.
For more to do in Casco Viejo, check out these posts.