Cheap Apartments for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, VA from $600 (4 Rentals)

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

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Bains Pointe
2 to 3 Bedroom Apartments

Bains Pointe

1100 High StPortsmouth, VA 23704
  • Smoke Free
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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included

Downtown Portsmouth, Portsmouth, VA Local Guide

Best Value Apartments for Rent in Downtown Portsmouth, VA

As of November 17, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1520 Prentis Ave, Unit 41520 Prentis Ave3BR,1BA$1.38
426 London St426 London St2BR,1BA$1.14
Nav850The Hawthorne - Renovated2BR,2BA$1.82
Harbor Tower ApartmentsRiverscape - D/H2BR,2BA$1.58
The Quarters at Park ViewTHE QUARTERS2BR,2BA$1.87
330 Middle St, Unit 2330 Middle St1BR,1BA$1.60
Bains Pointe2 Bedroom2BR,1.5BA$1.12
Victory Square 55+ Senior CommunityThe Admiral2BR,1BA$1.51
Beacon 303Renovated and Spacious 2BR In Downtown Portsmou...2BR,1BA$1.59
Sterling KingTHE LAFAYETTEStudio ,1BA$2.05

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Pet Friendly Lifestyle
Downtown Portsmouth, Portsmouth, VA

Ranked #4

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

Frequently Asked Questions about Cheap Downtown Portsmouth Apartments

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.