Cheap Apartments for Rent in Portsmouth, VA from $400 (134 Rentals)

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

property at 1003 Douglas Ave

$900 - $1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,200

Total Monthly Price
$900 - $1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

1003 Douglas Ave

PortsmouthVA23707
property at 531 County St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

531 County St

PortsmouthVA23704
property at 3626-3628 Bart St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

3626-3628 Bart St

PortsmouthVA23707

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.

property at 124 Tyler Crescent E

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

124 Tyler Crescent E

PortsmouthVA23707

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 509 Mt Vernon Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom Rentals

Available Now

509 Mt Vernon Ave

PortsmouthVA23707

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.

property at 507-507 Broad St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

3 Bedroom, 1.5 Bath Home for Rent

Available Now

507-507 Broad St

PortsmouthVA23707
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Holley Pointe
2 to 3 Bedroom Apartments

Holley Pointe

622 Effingham StPortsmouth, VA 23704
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Shea Terrace
1 to 2 Bedroom Apartments

Shea Terrace

253 Constitution AvePortsmouth, VA 23704
Senior Living

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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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
property at 9 Aylwin Rd

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

9 Aylwin Rd

PortsmouthVA23702
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Bains Pointe
2 to 3 Bedroom Apartments

Bains Pointe

1100 High StPortsmouth, VA 23704
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London Oaks
1 to 4 Bedroom Apartments

London Oaks

2680 High StPortsmouth, VA 23707

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Portsmouth, VA Local Guide

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Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 06/12/2026

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
Midtown Portsmouth$1,497$70011
Old Towne Portsmouth$1,950$90020
Downtown Portsmouth$2,100$90021

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 ListingModel NameBed/BathPriced From
Holley Pointe2 Bdrm2BR,1BA$507
New Port Landing1 Bedroom 1 Bath1BR,1BA$875
The Grand at New PortMLGR2BR2BR,1BA$950
Bains Pointe2 Bedroom 1.5 Bath2BR,1BA$1,010
Harbor Square ApartmentsClassic2BR,1BA$1,025
Beacon303 at Olde Towne ApartmentsA11BR,1BA$1,050
Bell Diamond Manor2 Bedroom Townhouse2BR,2BA$1,100
Unity Place at KindredA31BR,1BA$1,116
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,129
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,135

Best Value Apartments for Rent in Portsmouth, VA

As of June 12, 2026 the best value apartment in the Portsmouth area is the $1.29 price per square foot 3 Beds, 1 Baths Model at 259 Broad St in the in the Midtown Portsmouth neighborhood starting from $1,550. The second greatest value Portsmouth apartment is the 3 Bedroom 2 Bath Model at Bains Pointe starting at $1,545 with a $1.40 price per square foot in the Beacon Light 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.
259 Broad St3 Beds, 1 Baths3BR,1BA$1.29
Bains Pointe3 Bedroom 2 Bath3BR,2BA$1.40
426 London St426 London St2BR,1BA$1.14
364 Middle St, Unit #5364 Middle St2BR,1BA$1.39
The Banks at Berkley3 Bdrm3BR,2BA$1.25
The Grand at MallardMC.2B1.5B2BR,1.5BA$1.29
Lake VillageB12BR,1BA$1.34
Victory Village2BR, 1BA2BR,1BA$1.39
Crescent Place1 Bedroom1BR,1BA$1.41
Harbor Square ApartmentsClassic2BR,1BA$1.28

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

Portsmouth, VA
Population: 94,632

Ranked #340

in US Census Population by City

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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 $1,135.

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 $1,849.

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 8 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 $297 which is $1,552 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.