Cheap Apartments for Rent in Portsmouth, VA from $400 (104 Rentals)

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Search the lowest-cost Apartments available for rent right now in Portsmouth.

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.

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property at 1517 Summit Ave

$1,125

1 Bedroom, 1 Bath Home for Rent

Available Now

1517 Summit Ave

PortsmouthVA23704

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.

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Cash 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.

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Bains Pointe
2 to 3 Bedroom Apartments

Bains Pointe

1100 High StPortsmouth, VA 23704
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Shea Terrace
1 to 2 Bedroom Apartments

Shea Terrace

253 Constitution AvePortsmouth, VA 23704
Senior Living

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.

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Whispering Oaks Apts LP
1 to 3 Bedroom Apartments

Whispering Oaks Apts LP

2500 Oak Leaf WayPortsmouth, VA 23707
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Cavalier Gardens
2 Bedroom Apartments

Cavalier Gardens

808-814 Cavalier BlvdPortsmouth, VA 23701
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Cedar Creek Apartments
1 to 2 Bedroom Apartments

Cedar Creek Apartments

5624 High St WPortsmouth, VA 23703
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London Oaks
1 to 4 Bedroom Apartments

London Oaks

2680 High StPortsmouth, VA 23707
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Turnpike Terrace
1 to 3 Bedroom Apartments

Turnpike Terrace

3721 Turnpike RdPortsmouth, VA 23701

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.

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Portsmouth, VA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 12/21/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Midtown Portsmouth$1,392$70021
Old Towne Portsmouth$1,742$79517
Downtown Portsmouth$1,750$79527

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. Riverstone I in the Camelot neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,010. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Riverstone I1 Bedroom 1.5 Bath Classic1BR,1BA$1,010
Harbor Square ApartmentsClassic2BR,1BA$1,025
Beacon 303A11BR,1BA$1,050
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,075
Independence Square1 Bedroom1BR,1BA$1,093
Bell Diamond ManorGarden2BR,1BA$1,100
Residences at Paradise Creek2 Bedroom 1 Bath2BR,1BA$1,100

Best Value Apartments for Rent in Portsmouth, VA

As of December 21, 2025 the best value apartment in the Portsmouth area is the $1.19 price per square foot 3308 Harding st Model at 3308 Harding st in the starting from $1,900. The second greatest value Portsmouth apartment is the 3 Bedroom Model at Miars Farm starting at $1,725 with a $1.17 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 ListingModel NameBed/BathPrice Per Sq.Ft.
3308 Harding st3308 Harding st4BR,2BA$1.19
Miars Farm3 Bedroom3BR,2BA$1.17
Crescent Place2 Bedroom2BR,2BA$1.14
426 London St426 London St2BR,1BA$1.14
The Banks at BerkleyThree Bedroom3BR,2BA$1.25
Origin Circle at Kindred2BR2BR,1BA$1.26
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Somyrr Properties2 BR 1.5 BA2BR,1.5BA$1.25
Residences at Paradise Creek2 Bedroom 1 Bath2BR,1BA$1.15
Bains Pointe2 Bedroom2BR,1.5BA$1.12

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.

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The 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.

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Quick 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.

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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.

Pet Friendly Lifestyle
Portsmouth, VA

Ranked #21

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Portsmouth, VA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portsmouth, VA Rentals by Map

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See the most popular apartments and homes in Portsmouth, VA

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Getting Around Portsmouth, VA

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,100.

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Riverstone I which is listed at $1,010, while the average apartment in Portsmouth costs $1,628.

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 9 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 $193 which is $1,435 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

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.