915 Green St
PortsmouthVA23704
Cheap Homes for Rent in Downtown Portsmouth Neighborhood of Portsmouth, VA from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portsmouth area of Portsmouth.
322 Washington St
PortsmouthVA23704
1416 Richmond Ave
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.
811 Randolph St, Unit A, Unit A
811 Randolph St
PortsmouthVA23704
710 Dinwiddie St
PortsmouthVA23704
340 Worthington Square
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.
Showing Results 1-6, Page 1 of 1
Downtown Portsmouth, Portsmouth, VA Local Guide
How much does it cost to rent a home in Downtown Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portsmouth 2 Bedroom Homes for Rent | $1,438 | $995 | $1,995 |
| Downtown Portsmouth 4 Bedroom Homes for Rent | $2,400 | $2,300 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Portsmouth Neighborhood of Portsmouth, VA.
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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 | Two Bedroom | 2BR,1BA | $507 |
| Bains Pointe | 2 Bedroom | 2BR,1BA | $1,010 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
Best Value Apartments for Rent in Downtown Portsmouth, VA
As of April 16, 2026 the best value apartment in the Downtown Portsmouth area is the $1.49 price per square foot Three Bedroom 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 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 | Three Bedroom | 3BR,2BA | $1.49 |
| Bains Pointe | 3 Bedroom | 3BR,2BA | $1.40 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Montgomery Square Apartments | 2.2B | 2BR,2BA | $1.56 |
| Nav850 | The Sugar Maple - Renovated | 1BR,1BA | $2.05 |
| Sterling King | THE CRAWFORD | 1BR,1BA | $1.89 |
| The Quarters at Park View | THE LIBERTY | 1BR,1BA | $2.10 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1.65 |
| Beacon 303 | Renovated and Spacious 1BR In Downtown Portsmouth | 1BR,1BA | $1.90 |
| Crawford House | THE WALKER 550 sf | 1BR,1BA | $2.76 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleCash 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.
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.
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Pet Friendly LifestyleDowntown Portsmouth, Portsmouth, VA
Ranked #1
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Portsmouth
What type of rentals are currently available in Downtown Portsmouth?
There are currently 66 Apartments for Rent in Downtown Portsmouth, VA with pricing that ranges from $1,010 to $3,450. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portsmouth ranging from $995 to $2,500.
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 $995 to $2,500 with an average monthly rent of $1,669.
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
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.