A display substrate, a display panel and a display apparatus are provided. The display substrate includes: a first display region and a second display region, and a light transmittance of the first display region is greater than a light transmittance of the second display region. The display substrate includes: a base substrate; and a plurality of sub-pixels arranged on the base substrate and located in the first display region. The sub-pixel includes a first pixel driving circuit and a first light-emitting device. The first pixel driving circuit is electrically connected to the first light-emitting device and configured to drive the first light-emitting device to emit light. The pixel driving circuit includes a storage capacitor and a plurality of transistors, and the storage capacitor and the plurality of transistors included in the first pixel driving circuit are located in the first display region.