Cheap Homes for Rent in Downtown Portsmouth Neighborhood of Portsmouth, VA from $1,300 (8 Rentals)

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

property at 717 South St

717 South St

PortsmouthVA23704
property at 442 Court St

442 Court St

PortsmouthVA23704
property at 416 Queen St

416 Queen St

PortsmouthVA23704

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 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 ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Beacon 3032 Bedroom apartment available in Old Towne Port...2BR,1BA$1,260
Victory Square 55+ Senior CommunityThe Admiral2BR,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 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
330 Middle St, Unit 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 CRAWFORD1BR,1BA$1.89
The Quarters at Park ViewTHE VICTORY1BR,1BA$2.06

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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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Frequently Asked Questions about Downtown Portsmouth

What type of rentals are currently available in Downtown Portsmouth?

There are currently 70 Apartments for Rent in Downtown Portsmouth, VA with pricing that ranges from $795 to $2,101. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portsmouth ranging from $200 to $3,500.

What is the current price range for Rental Homes in Downtown Portsmouth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portsmouth ranges from $200 to $3,500 with an average monthly rent of $1,780.

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.