Cheap Apartments for Rent in Portsmouth, VA from $400 (80 Rentals)

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

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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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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property at 49 Shelby St

49 Shelby St

PortsmouthVA23701
property at 9 Morris St

9 Morris St

PortsmouthVA23702
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Shea Terrace
1 to 2 Bedroom Apartments

Shea Terrace

253 Constitution AvePortsmouth, VA 23704
Senior Living
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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
2 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

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.

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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included
property at 629 W 28th St

629 W 28th St

NorfolkVA23508
property at 1510 Wilson Rd

1510 Wilson Rd

NorfolkVA23523
Showing Results 1-50, Page 1 of 2

Portsmouth, VA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 07/02/2025

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$1,410$70020
Old Towne Portsmouth$1,899$1,00918
Downtown Portsmouth$1,902$1,00926

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, VA is a 2 Beds unit found at Reunion Senior Living at Kindred in the Dnc neighborhood priced from $828. Welcome Home to The Grand at New Port! in the Camelot neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reunion Senior Living at Kindred2BR2BR,1BA$828
Welcome Home to The Grand at New Port!MLGR2BR2BR,1BA$950
Collinswood Lake Apartments1 Bed1BR,1BA$995
Sunnybrook Apartments2 Beds, 1 bath2BR,1BA$1,025
Harbor Square ApartmentsClassic2BR,1BA$1,025
Crescent Place1 Bedroom1BR,1BA$1,050
Residences at Crawford Farms1 Bedroom 1 Bath Renovated1BR,1BA$1,050
Stone Ridge ApartmentsOne Bedroom1BR,1BA$1,092
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,099

Best Value Apartments for Rent in Portsmouth, VA

As of July 03, 2025 the best value apartment in the Portsmouth area is the $1.08 price per square foot 621 Redgate Ave Model at 621 Redgate Ave, Unit A in the in the Dnc neighborhood starting from $1,725. The second greatest value Portsmouth apartment is the 1 bedroom split Model at Pelham Place starting at $1,250 with a $1.04 price per square foot in the Dnc 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.
621 Redgate Ave, Unit A621 Redgate Ave2BR,2BA$1.08
Pelham Place1 bedroom split1BR,1BA$1.04
Riverstone I3 Bedroom 1.5 Bath Classic3BR,1.5BA$1.00
Reunion Senior Living at Kindred2BR2BR,1BA$0.74
Churchland SquareThree Bedroom Classic3BR,1BA$1.28
Victory Village3BR, 2BA3BR,2BA$1.21
Origin Circle at Kindred2BR2BR,1BA$1.26
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Collinswood Lake Apartments2 Beds2BR,1BA$1.13
Somyrr Properties2 BR 1.5 BA2BR,1.5BA$1.25

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 #16

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 $1,099.

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Collinswood Lake Apartments which is listed at $995, while the average apartment in Portsmouth costs $1,737.

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 14 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 $231 which is $1,506 cheaper than the average rent for all rentals in Portsmouth.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.