
Cheap Apartments for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, VA from $600 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portsmouth area of Portsmouth.


Victory Square 55+ Senior Community
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.

59 Riverview Ave
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.
Downtown Portsmouth, Portsmouth, VA Local Guide

How much does it cost to rent an apartment in Downtown Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portsmouth 1 Bedroom Apartments | $1,464 | $795 | $1,685 |
| Downtown Portsmouth 2 Bedroom Apartments | $1,740 | $1,250 | $2,121 |
| Downtown Portsmouth 3 Bedroom Apartments | $1,750 | $1,600 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Portsmouth Neighborhood of Portsmouth, VA.
See all Apartments in PortsmouthExplore Portsmouth
Downtown Portsmouth, Portsmouth, VA Local Guide
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Cheapest Available Downtown Portsmouth Apartments for Rent
 The cheapest available apartment rental in the Downtown Portsmouth area of Portsmouth, VA is a 3 Beds unit found at Bains Pointe priced from $635. Beacon 303 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,260. Here are the most affordable Downtown Portsmouth apartments for rent in Portsmouth, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bains Pointe | 3 Bedroom | 3BR,2BA | $635 |
| Beacon 303 | 2 Bedroom apartment available in Old Towne Port... | 2BR,1BA | $1,260 |
| Victory Square 55+ Senior Community | The Admiral | 2BR,1BA | $1,332 |
Best Value Apartments for Rent in Downtown Portsmouth, VA
As of November 18, 2025 the best value apartment in the Downtown Portsmouth area is the $1.38 price per square foot 1520 Prentis Ave Model at 1520 Prentis Ave, Unit 4 in the in the Beacon Light neighborhood starting from $1,900. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1520 Prentis Ave, Unit 4 | 1520 Prentis Ave | 3BR,1BA | $1.38 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Nav850 | The Hawthorne - Renovated | 2BR,2BA | $1.82 |
| Harbor Tower Apartments | Riverscape - D/H | 2BR,2BA | $1.58 |
| 330 Middle St, Unit Unit 2 | 330 Middle St | 1BR,1BA | $1.60 |
| Bains Pointe | 2 Bedroom | 2BR,1.5BA | $1.12 |
| Victory Square 55+ Senior Community | The Admiral | 2BR,1BA | $1.51 |
| Beacon 303 | Renovated and Spacious 2BR In Downtown Portsmou... | 2BR,1BA | $1.59 |
| Sterling King | THE CRAWFORD | 1BR,1BA | $1.89 |
| The Quarters at Park View | THE VICTORY | 1BR,1BA | $2.06 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Pet Friendly LifestyleDowntown Portsmouth, Portsmouth, VA
Ranked #4
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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!
Getting Around the Downtown Portsmouth Neighborhood in Portsmouth, VA
Walk Score®
86 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
57 / 100
Bikeable
Some bike infrastructure
Transit Score®
49 / 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 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 $1,492 at The Quarters at Park View.
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 $1,010 at Bains Pointe.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

