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$1,050 - $1,950
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowBeacon 303
303 Effingham StPortsmouth, VA 23704
Cheap Apartments for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, VA from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portsmouth area of Portsmouth.
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$1,115 - $1,337
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,110 - $1,332
Required Monthly Fees
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Victory Square 55+ Senior Community
900 County StPortsmouth, VA 23704
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$1,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
426 London St
426 London StPortsmouth, VA 23704
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$1,275
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,275
Total Monthly Price
$1,275
367 Middle St, Unit 3
367 Middle StPortsmouth, VA 23704
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$1,357 - $1,902
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Quarters at Park View
1140 London BlvdPortsmouth, VA 23704
923 Green 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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$1,584 - $2,043
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,505 - $1,964
Required Monthly Fees
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Nav850
850 Crawford PkyPortsmouth, VA 23704
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$1,599
Plus Fees
1 Bedroom Apartments Available NowHarbor Vista at Crawford Street
800 Crawford StPortsmouth, VA 23704
273 Elm Ave
PortsmouthVA23704
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$1,707 - $1,838
Plus Fees
1 to 2 Bedroom Apartments Available Aug 11Harbor Tower Apartments
1 Harbor CtPortsmouth, VA 23704
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$1,725
Plus Fees
2 Bedroom Apartments Available NowMontgomery Square Apartments
714 King StPortsmouth, VA 23704
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2 to 3 Bedroom Apartments
Holley Pointe
622 Effingham StPortsmouth, VA 23704
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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2 to 3 Bedroom Apartments
Bains Pointe
1100 High StPortsmouth, VA 23704
811 Randolph St, Unit A
811 Randolph St
PortsmouthVA23704
915 Green St
PortsmouthVA23704
1003 Green St
PortsmouthVA23704
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1 Bedroom Apartments
Five17 King
517 King StPortsmouth, VA 23704
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1 to 2 Bedroom Apartments
Tower 507
507 High StPortsmouth, VA 23704
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.
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2 to 3 Bedroom Apartments
309 North St
309 North StPortsmouth, VA 23704
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Studio to 2 Bedroom Apartments
Crawford House
430 Crawford StPortsmouth, VA 23704
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Studio to 2 Bedroom Apartments
Sterling King
714 Court StPortsmouth, VA 23704
1503 Elm Ave
PortsmouthVA23704
403 Court St
PortsmouthVA23704
1609 Richmond Ave
PortsmouthVA23704
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.
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2 Bedroom Apartments
The Albemarle at One East Plume St
1 E Plume StNorfolk, VA 23510
Showing Results 1-25, Page 1 of 1
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 Studio Apartments | $1,357 | $1,357 | $1,357 |
| Downtown Portsmouth 1 Bedroom Apartments | $1,316 | $1,050 | $1,835 |
| Downtown Portsmouth 2 Bedroom Apartments | $1,567 | $1,250 | $2,043 |
| Downtown Portsmouth 3 Bedroom Apartments | $3,110 | $1,600 | $5,782 |
| Downtown Portsmouth 4 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 25 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 2 Beds unit found at Holley Pointe priced from $507. Bains Pointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,010. Here are the most affordable Downtown Portsmouth apartments for rent in Portsmouth, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holley Pointe | 2 Bdrm | 2BR,1BA | $507 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,010 |
| Beacon 303 | A1 | 1BR,1BA | $1,050 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
| Harbor Vista at Crawford Street | Aurora | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Downtown Portsmouth, VA
As of May 31, 2026 the best value apartment in the Downtown Portsmouth area is the $1.49 price per square foot 3 Bdrm Model at Holley Pointe in the in the South Brambleton neighborhood starting from $1,797. The second greatest value Downtown 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 Downtown Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Holley Pointe | 3 Bdrm | 3BR,2BA | $1.49 |
| Bains Pointe | 3 Bedroom 2 Bath | 3BR,2BA | $1.40 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Nav850 | The Hawthorne | 2BR,2BA | $1.87 |
| Montgomery Square Apartments | 2.2B | 2BR,2BA | $1.63 |
| The Quarters at Park View | THE QUARTERS | 2BR,2BA | $1.87 |
| Harbor Vista at Crawford Street | Aurora | 1BR,1BA | $1.94 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1.65 |
| Crawford House | THE BLACKWELL 644 sf | 1BR,1BA | $2.53 |
| Beacon 303 | A1R | 1BR,1BA | $1.94 |
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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Pet Friendly LifestyleDowntown Portsmouth, Portsmouth, VA
Ranked #3
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!
Frequently Asked Questions about Cheap Downtown Portsmouth Apartments
What is the price of a cheap apartment in Downtown Portsmouth?
The cheapest apartment in Downtown Portsmouth is Beacon 303 which is listed at $1,050, while the average apartment in Downtown Portsmouth costs $2,200.
What types of apartments are the cheapest in Downtown 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 3 regular apartments in Downtown Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.