
Cheap Apartments for Rent in Portsmouth, VA from $400 (97 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Waterview Colonial Manor Apartments

New Port Landing

Welcome Home to The Grand at New Port!

Collinswood Lake Apartments

20-20 Farragut St

Harbor Square Apartments

Manor View Apartments

Independence Square

14 Pollux Cir E
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Victory Square 55+ Senior Community

Crescent Place

The Connelly

86 Paul Jones St

Stone Ridge Apartments

Biltmore Commons Apartments

Residences at Crawford Farms

Somyrr Properties

7 Decatur St

Hodges Manor Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Abelia Square

The Henley

Cedarfield at Churchland Apartments

Total Monthly Price
367 Middle St, Unit 1

927 Green St

Total Monthly Price
426 London St

Beacon 303

708 Dinwiddie St

Arbour Reach Apartments

Welcome Home to The Grand at Mallard Manor!
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cross Creek Apartments

Shea Terrace

Merrifields Estates Apartments

Whispering Oaks Apts LP

Cavalier Gardens

Cedar Creek Apartments

Hodges Ferry East Townhomes

1112-1114 Victory Blvd

Arbor Brook Apartments

The Flats at Gum Drive
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

London Oaks

Turnpike Terrace

Belle Hall Apartment

Victory Village

Five17 King

Churchland Forest

1220 W 38th St

Proximity at ODU

1225 W 39th St

Arbors at Western Branch
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Portsmouth, VA Local Guide

How much does it cost to rent an apartment in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portsmouth Studio Apartments | $1,528 | $700 | $1,914 |
| Cheap Portsmouth 1 Bedroom Apartments | $1,630 | $704 | $2,289 |
| Cheap Portsmouth 2 Bedroom Apartments | $1,777 | $950 | $3,728 |
| Cheap Portsmouth 3 Bedroom Apartments | $2,032 | $635 | $4,989 |
| Cheap Portsmouth 4 Bedroom Apartments | $1,198 | $815 | $2,495 |
Browse Top Apartments in Portsmouth
See all Apartments in PortsmouthExplore Portsmouth
Portsmouth, VA Local Guide

- Portsmouth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portsmouth, VA
Pricing Updated: 03/13/2026Current apartment rentals in the Portsmouth, VA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Portsmouth | $1,545 | $635 | 36 |
| Midtown Portsmouth | $1,547 | $700 | 20 |
| Old Towne Portsmouth | $1,918 | $1,115 | 18 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, VA is a 3 Beds unit found at Bains Pointe in the Beacon Light neighborhood priced from $635. Proximity at ODU in the Edgewater neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $815. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bains Pointe | 3 Bedroom | 3BR,2BA | $635 |
| Proximity at ODU | Room In 4 Bed - 4 Bath - 2026(1/1/2026-6/30/2026) | 4BR,4BA | $815 |
| New Port Landing | 1 Bedroom 1 Bath | 1BR,1BA | $875 |
| Welcome Home to The Grand at New Port! | MLGR2BR | 2BR,1BA | $950 |
| Arbor Brook Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| Collinswood Lake Apartments | 1 Bed | 1BR,1BA | $995 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1,025 |
| Riverstone I | 1 Bedroom 1.5 Bath Classic | 1BR,1BA | $1,030 |
| Manor View Apartments | 1 Bedroom/1 Bath/Wood Floors | 1BR,1BA | $1,075 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
Best Value Apartments for Rent in Portsmouth, VA
As of March 13, 2026 the best value apartment in the Portsmouth area is the $1.14 price per square foot 2 Bedroom Model at Crescent Place in the in the Culpepper Landing neighborhood starting from $1,351. The second greatest value Portsmouth apartment is the 3 Beds Model at Collinswood Lake Apartments starting at $1,295 with a $1.14 price per square foot in the Western Branch neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crescent Place | 2 Bedroom | 2BR,2BA | $1.14 |
| Collinswood Lake Apartments | 3 Beds | 3BR,1BA | $1.14 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Arbour Reach Apartments | Two Bedroom | 2BR,2BA | $1.25 |
| Welcome Home to The Grand at Mallard Manor! | MC.2B1.5B | 2BR,1.5BA | $1.29 |
| Somyrr Properties | 2 BR 1.5 BA | 2BR,1.5BA | $1.25 |
| Residences at Crawford Farms | 2 Bedroom 1 Bath Renovated II | 2BR,1BA | $1.36 |
| Lake Village | B1 | 2BR,1BA | $1.34 |
| Bains Pointe | 2 Bedroom | 2BR,1.5BA | $1.12 |
| Arbor Brook Apartments | 2BR/1.0BA | 2BR,1BA | $1.11 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Portsmouth Overview
Wouldn’t you love living within a few hours of amazing seafood, bustling nightlife, tons of history, and beautiful hiking and outdoor activities? Well if you choose to call Portsmouth, VA home, then you can experience all of these and so much more! Portsmouth is a city that is loved by many, and thousands of tourists flock to this area each and every year. From mild temperatures and delicious food to museums and one-of-a-kind festivals, Portsmouth is a place that we all dream about.
Why live in Portsmouth, VA?
Due to the many historical sites, tons of exciting festivals, and close proximity to just about everything, Portsmouth, VA is the perfect place to live your life to the fullest. And by being right along the edge of the eastern part of the U.S., escaping to the beach and soaking in the view is just minutes away! These are just a few reasons why many people choose to look for homes and apartments in Portsmouth.
Best Local Schools in Portsmouth, VA
Churchland Primary & Intermediate
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portsmouth, VA Rentals by Map
See the most popular apartments and homes in Portsmouth, VA
Frequently Asked Questions about Cheap Portsmouth Apartments
What is a cheap apartment in Portsmouth?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portsmouth is under $1,115.
What is the price of a cheap apartment in Portsmouth?
The cheapest apartment in Portsmouth is New Port Landing which is listed at $875, while the average apartment in Portsmouth costs $1,670.
What types of apartments are the cheapest in Portsmouth?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Portsmouth?
Cheap apartments in Portsmouth have an average cost of $382 which is $1,288 cheaper than the average rent for all rentals in Portsmouth.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.