Cheap Apartments for Rent in Portsmouth, VA from $400 (161 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 2318 Lansing Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

2318 Lansing Ave

PortsmouthVA23704

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 12 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

12 Pollux Cir E

PortsmouthVA23701
property at 16 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

16 Pollux Cir E

PortsmouthVA23701
property at 3587 Gum Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom Rentals

Available Now

3587 Gum Dr

PortsmouthVA23707
property at 635 South St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom Rentals

Available Now

635 South St

PortsmouthVA23704
property at 424 London St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Aug 7

424 London St

PortsmouthVA23704

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 1021 Green St

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

2 Bedroom, 1.5 Bath Home for Rent

Available Now

1021 Green St

PortsmouthVA23704
property at 387 Carver Cir

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

387 Carver Cir

PortsmouthVA23701

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.

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Abelia Square
$1,280 - $2,431
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,401
Required Monthly Fees
$30

Total Monthly Price
$1,280 - $2,431
1 to 3 Bedroom Apartments Available Sep 5

Abelia Square

6072 Churchland BlvdPortsmouth, VA 23703
Affordability
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  • Utilities Included
property at 1802 Atlanta Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1802 Atlanta Ave

PortsmouthVA23704

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 8 Pollux Cir E

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

8 Pollux Cir E

PortsmouthVA23701
property at 126 Linden Ave

$1,320 - $1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

1 To 2 Bedroom Rentals

Available Now

126 Linden Ave

PortsmouthVA23704
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Starboard Townhomes
Rent Specials
$1,418 - $1,448
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,319 - $1,349
Required Monthly Fees
$99

Total Monthly Price
$1,418 - $1,448
2 Bedroom Apartments Available Now

Starboard Townhomes

543 Edwards StPortsmouth, VA 23704
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  • Customer Reviewed
  • 3D Tour
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151 Florida Ave
$1,500
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500
1 Bedroom Apartment Available Now

151 Florida Ave

151 Florida AvePortsmouth, VA 23707
  • Smoke Free
property at 335 Mt Vernon Ave

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

335 Mt Vernon Ave

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.

Portsmouth, VA Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 07/27/2026

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
Old Towne Portsmouth$1,695$1,6952
Downtown Portsmouth$2,397$1,0506
Midtown Portsmouth$2,500$90016

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 $532. 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$532
New Port Landing1 Bedroom 1 Bath1BR,1BA$875
The Grand at New PortMLGR2BR2BR,1BA$950
Arbor Brook Apartments2BR/1.0BA2BR,1BA$995
Harbor Square ApartmentsClassic2BR,1BA$1,025
Bains Pointe2 Bedroom 1.5 Bath2BR,1BA$1,060
Unity Place at KindredA31BR,1BA$1,116
Belleville HarbourTwo Bedroom2BR,2BA$1,127
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,135

Best Value Apartments for Rent in Portsmouth, VA

As of July 27, 2026 the best value apartment in the Portsmouth area is the $1.19 price per square foot 2 Bedroom Model at Miars Farm in the in the Western Branch neighborhood starting from $1,475. The second greatest value Portsmouth apartment is the 3 Beds, 1 Baths Model at 259 Broad St starting at $1,475 with a $1.23 price per square foot in the Portsmouth County 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.
Miars Farm2 Bedroom2BR,2BA$1.19
259 Broad St3 Beds, 1 Baths3BR,1BA$1.23
Crescent Place2 Bedroom2BR,2BA$1.16
426 London St426 London St2BR,1BA$1.14
Belleville HarbourTwo Bedroom2BR,2BA$1.03
Victory Village3BR, 2BA3BR,2BA$1.21
The Grand at MallardMC.2B1.5B2BR,1.5BA$1.29
Bains Pointe2 Bedroom 1.5 Bath2BR,1.5BA$1.17
Arbor Brook Apartments2BR/1.0BA2BR,1BA$1.11
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!

Explore Portsmouth, VA Rentals by Map

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Frequently Asked Questions about Cheap Portsmouth Apartments

How much is rent for a Cheap One Bedroom Portsmouth Apartment?

The lowest price for a Cheap One Bedroom Portsmouth Apartment is $875 at New Port Landing.

What is the lowest price for a Cheap Two Bedroom Portsmouth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portsmouth is starting from $532 at Holley Pointe.

What is the most affordable Portsmouth Three Bedroom Apartment?

The best deal on a cheap Portsmouth Three Bedroom Apartment rental is at Victory Village and starts from $1,267.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.