
Cheap Apartments for Rent in Portsmouth, VA from $400 (138 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


9 Horne Ave

New Port Landing

The Grand at New Port

Total Monthly Price
2 Axson St, Unit C, Unit C

1527 Highland Ave

Collinswood Lake Apartments

5990 Eagle Point

Bains Pointe

Harbor Square Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Independence Square

146 Florida Ave

742 Mt Vernon Ave

Total Monthly Price
Victory Square 55+ Senior Community

Crescent Place

Manor View Apartments

Beacon 303

Total Monthly Price
821 Mt Vernon Ave, Unit Unit B, Unit Unit B

Stone Ridge Apartments

The Connelly
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.

Somyrr Properties

Hodges Manor Apartments

Biltmore Commons Apartments

Total Monthly Price
Residences at Crawford Farms

The Henley

Abelia Square

Cedarfield at Churchland Apartments

Total Monthly Price
2124 Queen St, Unit 2124 Queen st, Unit 2124 Queen st

Total Monthly Price
426 London St

Total Monthly Price
367 Middle St, Unit 3, Unit 3
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.

5626 Carisbrooke Ln

Arbour Reach Apartments

Welcome Home to The Grand at Mallard Manor!

The Quarters at Park View

Montgomery Square Apartments

2025 Peach St

Total Monthly Price
Starboard Townhomes

Westwinds

Edgefield Apartments

Churchland Square
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.

Holley Pointe

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

9 Aylwin Rd
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.
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 | $1,550 | $700 | $1,967 |
| Cheap Portsmouth 1 Bedroom Apartments | $1,619 | $825 | $2,449 |
| Cheap Portsmouth 2 Bedroom Apartments | $1,801 | $950 | $3,300 |
| Cheap Portsmouth 3 Bedroom Apartments | $2,131 | $1,250 | $4,989 |
| Cheap Portsmouth 4 Bedroom Apartments | $2,822 | $2,295 | $3,350 |
Browse Top Apartments in Portsmouth
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Portsmouth, VA Local Guide

- Portsmouth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portsmouth, VA
Pricing Updated: 04/28/2026Current 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 |
|---|---|---|---|
| Midtown Portsmouth | $1,427 | $700 | 19 |
| Downtown Portsmouth | $3,350 | $1,010 | 29 |
| Old Towne Portsmouth | $3,350 | $1,115 | 17 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, VA is a 2 Beds unit found at Holley Pointe in the South Brambleton neighborhood priced from $507. New Port Landing in the Camelot neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holley Pointe | Two Bedroom | 2BR,1BA | $507 |
| New Port Landing | 1 Bedroom 1 Bath | 1BR,1BA | $875 |
| 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 |
| Bains Pointe | 2 Bedroom | 2BR,1BA | $1,010 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1,025 |
| The Orchards at Belleville | The Magnolia | 1BR,1BA | $1,073 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
| Unity Place at Kindred | A3 | 1BR,1BA | $1,116 |
Best Value Apartments for Rent in Portsmouth, VA
As of April 28, 2026 the best value apartment in the Portsmouth area is the $1.17 price per square foot 1267 W 27th St Model at 1267 W 27th St, Unit 2 in the in the Edgewater neighborhood starting from $1,400. 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. |
|---|---|---|---|
| 1267 W 27th St, Unit 2 | 1267 W 27th St | 2BR,1BA | $1.17 |
| Collinswood Lake Apartments | 3 Beds | 3BR,1BA | $1.14 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Origin Circle at Kindred | 2BR | 2BR,1BA | $1.26 |
| 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 |
| Arbor Brook Apartments | 2BR/1.0BA | 2BR,1BA | $1.11 |
| Victory Village | 2BR, 1BA | 2BR,1BA | $1.39 |
| Crescent Place | 1 Bedroom | 1BR,1BA | $1.39 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1.28 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Portsmouth, VAPopulation: 94,632
Ranked #340
in US Census Population by City
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 $1,116.
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 $2,709.
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 27 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 $351 which is $2,358 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.