Cheap Apartments for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, VA from $600 (24 Rentals)

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

property at 436 Court St

$1,020

Total Monthly Price

Total Monthly Price

Base Rent
$1,020

Total Monthly Price
$1,020

1 Bedroom, 1 Bath Home for Rent

Available Now

436 Court 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

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.

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Nav850
$1,584 - $2,189
Total Monthly Price

Total Monthly Price

Base Rent
$1,505 - $2,110
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Nav850

850 Crawford PkyPortsmouth, VA 23704
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  • Utilities Included
property at 273 Elm Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Now

273 Elm Ave

PortsmouthVA23704
property at 1508 Richmond Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

4 Bedroom, 2 Bath Home for Rent

Available Now

1508 Richmond Ave

PortsmouthVA23704
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Holley Pointe
2 to 3 Bedroom Apartments

Holley Pointe

622 Effingham StPortsmouth, VA 23704
property at 915 Green St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Condo for Rent

Available Now

915 Green St

PortsmouthVA23704

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.

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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included
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Tower 507
1 to 2 Bedroom Apartments

Tower 507

507 High StPortsmouth, VA 23704
  • Utilities Included
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309 North St
2 to 3 Bedroom Apartments

309 North St

309 North StPortsmouth, VA 23704
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Crawford House
Studio to 2 Bedroom Apartments

Crawford House

430 Crawford StPortsmouth, VA 23704
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Sterling King
Studio to 2 Bedroom Apartments

Sterling King

714 Court StPortsmouth, VA 23704
Corporate Housing
property at 411 Dinwiddie St

$1,695

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

2 Bedroom, 2 Bath Condo for Rent

Available Now

411 Dinwiddie St

PortsmouthVA23704
property at 1440 Lasalle Ave

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

4 Bedroom, 2 Bath Home for Rent

Available Now

1440 Lasalle Ave

PortsmouthVA23704

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.

Downtown Portsmouth, Portsmouth, VA Local Guide

Cheapest Available Downtown Portsmouth Apartments for Rent

 

The cheapest available apartment rental in the Downtown Portsmouth area of Portsmouth, VA is a 2 Beds unit found at Bains Pointe priced from $1,060. Victory Square 55+ Senior Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here are the most affordable Downtown Portsmouth apartments for rent in Portsmouth, VA:

Apartment ListingModel NameBed/BathPriced From
Bains Pointe2 Bedroom 1.5 Bath2BR,1BA$1,060
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,129
Beacon 303A11BR,1BA$1,175
The Quarters at Park ViewTHE FREEDOMStudio,1BA$1,293
Harbor Vista at Crawford StreetAurora1BR,1BA$1,599

Best Value Apartments for Rent in Downtown Portsmouth, VA

As of July 15, 2026 the best value apartment in the Downtown Portsmouth area is the $1.53 price per square foot 3 Bdrm Model at Holley Pointe in the in the South Brambleton neighborhood starting from $1,850. The second greatest value Downtown Portsmouth apartment is the 426 London St Model at 426 London St starting at $1,250 with a $1.14 price per square foot in the Dnc neighborhood. Here is today’s list of the best values for Downtown Portsmouth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Holley Pointe3 Bdrm3BR,2BA$1.53
426 London St426 London St2BR,1BA$1.14
Nav850The Hawthorne2BR,2BA$1.87
Bains Pointe2 Bedroom 1.5 Bath2BR,1.5BA$1.17
Sterling KingTHE GOSPORT1BR,1BA$1.91
Harbor Vista at Crawford StreetAurora1BR,1BA$1.94
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1.67
Beacon 303A1U1BR,1BA$2.24
The Quarters at Park ViewTHE FREEDOMStudio ,1BA$2.58

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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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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Pet Friendly Lifestyle
Downtown Portsmouth, Portsmouth, VA

Ranked #1

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Downtown Portsmouth, Portsmouth, and the greater Portsmouth area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Portsmouth Apartments

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

The lowest price for a Cheap One Bedroom Downtown Portsmouth Apartment is $1,129 at Victory Square 55+ Senior Community.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Portsmouth is starting from $1,060 at Bains Pointe.

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

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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.

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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.

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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.