Condado del Rey is where Panama City's suburban growth is happening fastest - gated communities, new apartment complexes, and commercial strips spreading across what was farmland a decade ago.
Condado del Rey is where Panama City's suburban growth is happening fastest - gated communities, new apartment complexes, and commercial strips spreading across what was farmland a decade ago. Rents and purchase prices are dramatically lower than the urban core. The trade-off is absolute car dependency and a 25-40 minute commute to downtown. The neighborhood is almost entirely Panamanian and Latin American families. Not on the expat radar, but worth knowing about for budget-conscious families willing to trade location for space.
Sprawling suburban residential area northeast of the city center. A mix of gated communities, apartment complexes, and commercial strips. One of the faster-growing areas in Panama City. Family-oriented, car-dependent, and affordable compared to the urban core.
Yennifer's commute defines her weekdays. She leaves at 5:50am to beat the traffic. Her shift at the clinic in Paitilla starts at 7. If she leaves at 6:15, she arrives at 7:15, flustered, looking for parking. She has learned not to leave at 6:15.
Her husband handles the morning kid routine. Their two-bedroom apartment has a small enclosed terrace where the kids play - this was the deciding factor when they moved. The building is in a gated complex: 24-hour security, a playground that actually works, a parking spot for their car. $750 a month.
Condado del Rey is a neighborhood designed for cars and families. The streets are wide, the plazas have parking lots, and nobody walks anywhere unless they're inside their gated community. The nearest supermarket is a 5-minute drive. The nearest pharmacy is in the same commercial strip. Everything clusters around the road.
On Saturdays she drives the kids to Albrook Mall. On Sundays her mother-in-law comes from San Miguelito and they cook together. The Venezuelan community in Condado del Rey is large enough that Yennifer has found Colombian cheese, Harina P.A.N., and a woman who makes cachapas from a home kitchen down the road.
She doesn't think about walkability because walking isn't part of the equation. The trade-off is explicit: space and affordability for the commute. The clinic is 20 km away. But the apartment is three times the size of anything she could afford near work, and the gated complex means the kids can play outside unsupervised while she's gone.
Her dream is to own. Condado del Rey has new construction projects with prices that feel reachable - $80,000-120,000 for a two-bedroom. In the city center that buys a parking spot.
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| Unit type | Monthly rent (USD) |
|---|---|
| Studio | $350 – $550 |
| 1 Bedroom | $450 – $750 |
| 2 Bedrooms | $650 – $1,050 |
| 3 Bedrooms | $850 – $1,400 |
Rent data updated April 2026.
Walk times on this page are estimated from Condado del Rey. Times will vary a few minutes depending on your exact address.
71 local places mapped in Condado del Rey — cafes, gyms, pharmacies, salons, restaurants, banks, and more. Every name below is a link that opens Google Maps directions directly. One tap from anywhere in the list.
Top-rated on Google within 800m · Last verified April 2026
Walk times estimated from Condado del Rey. Explore the area in Google Maps