
Cheap Homes for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, VA from $1,150 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portsmouth area of Portsmouth.

Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

506 South St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

106 Parkview Ave
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 | $1,150 | $1,150 | $1,150 |
| Downtown Portsmouth 3 Bedroom Homes for Rent | $2,180 | $1,895 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Downtown Portsmouth, VA
As of August 30, 2026 the best value apartment in the Downtown Portsmouth area is the $1.67 price per square foot THE COMMODORE Model at Sterling King in the in the South Brambleton neighborhood starting from $1,864. 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. |
|---|---|---|---|
| Sterling King | THE COMMODORE | 2BR,2BA | $1.67 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Nav850 | The Hawthorne | 2BR,2BA | $1.81 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.62 |
| Victory Square 55+ Senior Community | The Admiral | 2BR,1BA | $1.54 |
| Holley Pointe | 2 Bdrm | 2BR,1.5BA | $1.77 |
| Harbor Vista at Crawford Street | A4 | 1BR,1BA | $1.94 |
| The Quarters at Park View | THE FLAGSHIP | 1BR,1BA | $1.99 |
| Montgomery Square Apartments | 1SA | 1BR,1BA | $1.86 |
| Beacon 303 | A1U | 1BR,1BA | $2.24 |
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 ArticleReal 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.
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 #2
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 $635 to $2,285. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portsmouth ranging from $1,150 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 $1,150 to $2,500 with an average monthly rent of $1,865.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.