
Cheap Apartments for Rent in Portsmouth, VA from $400 (134 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


9 Horne Ave

New Port Landing

1003 Douglas Ave

531 County St

The Grand at New Port

3626-3628 Bart St

220 Avondale Rd

Harbor Square Apartments

Beacon 303
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

Collinswood Lake Apartments

Total Monthly Price
Victory Square 55+ Senior Community

Manor View Apartments

Crescent Place

Stone Ridge Apartments

124 Tyler Crescent E

Somyrr Properties

Hodges Manor Apartments

Biltmore Commons Apartments
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.

The Connelly

Total Monthly Price
Residences at Paradise Creek

Cedarfield at Churchland Apartments

The Henley

Abelia Square

Total Monthly Price
426 London St

509 Mt Vernon Ave

Total Monthly Price
Residences at Crawford Farms

Total Monthly Price
367 Middle St, Unit 3

Arbour Reach Apartments
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.

The Grand at Mallard

The Quarters at Park View

Westwinds

Edgefield Apartments

507-507 Broad St

Churchland Square

Holley Pointe

Cross Creek Apartments

Shea Terrace

Merrifields Estates Apartments
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.

Whispering Oaks Apts LP

Cavalier Gardens

Cedar Creek Apartments

Hodges Ferry East Townhomes

9 Aylwin Rd

1112-1114 Victory Blvd

Amber Brook Apartments

The Flats at Gum Drive

Bains Pointe

London Oaks
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

How much does it cost to rent an apartment in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portsmouth Studio Apartments | $1,570 | $700 | $2,099 |
| Cheap Portsmouth 1 Bedroom Apartments | $1,641 | $825 | $2,312 |
| Cheap Portsmouth 2 Bedroom Apartments | $1,826 | $950 | $4,908 |
| Cheap Portsmouth 3 Bedroom Apartments | $2,113 | $1,250 | $5,884 |
| Cheap Portsmouth 4 Bedroom Apartments | $2,148 | $1,695 | $2,500 |
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: 06/12/2026Current 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 | $1,497 | $700 | 11 |
| Old Towne Portsmouth | $1,950 | $900 | 20 |
| Downtown Portsmouth | $2,100 | $900 | 21 |
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 | 2 Bdrm | 2BR,1BA | $507 |
| New Port Landing | 1 Bedroom 1 Bath | 1BR,1BA | $875 |
| The Grand at New Port | MLGR2BR | 2BR,1BA | $950 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,010 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1,025 |
| Beacon303 at Olde Towne Apartments | A1 | 1BR,1BA | $1,050 |
| Bell Diamond Manor | 2 Bedroom Townhouse | 2BR,2BA | $1,100 |
| Unity Place at Kindred | A3 | 1BR,1BA | $1,116 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,129 |
| Manor View Apartments | 1 Bedroom/1 Bath/Wood Floors | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 259 Broad St | 3 Beds, 1 Baths | 3BR,1BA | $1.29 |
| Bains Pointe | 3 Bedroom 2 Bath | 3BR,2BA | $1.40 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| 364 Middle St, Unit #5 | 364 Middle St | 2BR,1BA | $1.39 |
| The Banks at Berkley | 3 Bdrm | 3BR,2BA | $1.25 |
| The Grand at Mallard | MC.2B1.5B | 2BR,1.5BA | $1.29 |
| Lake Village | B1 | 2BR,1BA | $1.34 |
| Victory Village | 2BR, 1BA | 2BR,1BA | $1.39 |
| Crescent Place | 1 Bedroom | 1BR,1BA | $1.41 |
| Harbor Square Apartments | Classic | 2BR,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.
Read ArticleReal 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.
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 $1,135.
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

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.

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.

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.

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.