Cheap Apartments for Rent in Portsmouth, VA from $400 (97 Rentals)

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

property at 20-20 Farragut St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

3 Bedroom, 1 Bath Home for Rent

Available Now

20-20 Farragut St

PortsmouthVA23702
property at 14 Pollux Cir E

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

14 Pollux Cir E

PortsmouthVA23701

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.

property at 86 Paul Jones St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

86 Paul Jones St

PortsmouthVA23702
property at 7 Decatur St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom Rentals

Available Now

7 Decatur St

PortsmouthVA23702

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.

property at 927 Green St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Now

927 Green St

PortsmouthVA23704
property at 708 Dinwiddie St

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

3 Bedroom, 2 Bath Home for Rent

Available Now

708 Dinwiddie St

PortsmouthVA23704

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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Shea Terrace
1 to 2 Bedroom Apartments

Shea Terrace

253 Constitution AvePortsmouth, VA 23704
Senior Living
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Whispering Oaks Apts LP
1 to 3 Bedroom Apartments

Whispering Oaks Apts LP

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

Cavalier Gardens

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

Cedar Creek Apartments

5624 High St WPortsmouth, VA 23703
  • Utilities Included

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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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
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Belle Hall Apartment
2 to 3 Bedroom Apartments

Belle Hall Apartment

159 Cheyenne TrlPortsmouth, VA 23701
  • Utilities Included
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Victory Village
2 to 3 Bedroom Apartments

Victory Village

2304 Victory BlvdPortsmouth, VA 23702
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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included
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Churchland Forest
2 to 3 Bedroom Apartments

Churchland Forest

20 Woodmill CtPortsmouth, VA 23703
  • Utilities Included
property at 1220 W 38th St

$704

Total Monthly Price

Total Monthly Price

Base Rent
$704

Total Monthly Price
$704

1 Bedroom, 1 Bath Home for Rent

Available Now

1220 W 38th St

NorfolkVA23508
property at 1225 W 39th St

$885

Total Monthly Price

Total Monthly Price

Base Rent
$885

Total Monthly Price
$885

1 Bedroom, 1 Bath Home for Rent

Available Now

1225 W 39th St

NorfolkVA23508

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

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 03/13/2026

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
Downtown Portsmouth$1,545$63536
Midtown Portsmouth$1,547$70020
Old Towne Portsmouth$1,918$1,11518

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 ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Proximity at ODURoom In 4 Bed - 4 Bath - 2026(1/1/2026-6/30/2026)4BR,4BA$815
New Port Landing1 Bedroom 1 Bath1BR,1BA$875
Welcome Home to The Grand at New Port!MLGR2BR2BR,1BA$950
Arbor Brook Apartments2BR/1.0BA2BR,1BA$995
Collinswood Lake Apartments1 Bed1BR,1BA$995
Harbor Square ApartmentsClassic2BR,1BA$1,025
Riverstone I1 Bedroom 1.5 Bath Classic1BR,1BA$1,030
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,075
Victory Square 55+ Senior CommunityThe Commodore1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Crescent Place2 Bedroom2BR,2BA$1.14
Collinswood Lake Apartments3 Beds3BR,1BA$1.14
426 London St426 London St2BR,1BA$1.14
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Welcome Home to The Grand at Mallard Manor!MC.2B1.5B2BR,1.5BA$1.29
Somyrr Properties2 BR 1.5 BA2BR,1.5BA$1.25
Residences at Crawford Farms2 Bedroom 1 Bath Renovated II2BR,1BA$1.36
Lake VillageB12BR,1BA$1.34
Bains Pointe2 Bedroom2BR,1.5BA$1.12
Arbor Brook Apartments2BR/1.0BA2BR,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.

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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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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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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.

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

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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

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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.

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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.

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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.

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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.