
Cheap Homes for Rent in Portsmouth, VA from $700 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Portsmouth.


9 Aylwin Rd

1003 Douglas Ave

1203 Baskerville Ln

4100 Wyndybrow Dr

3605 Killam Ave

1527 Highland Ave
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.

801 Greenway Ct, Unit 801 Greenway Ct. B-9

623 W 28th St

742 Lexington St

104 Cushing St

146 Florida Ave

754 Fremont St

811 Randolph St, Unit A, Unit A
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.

3408 Bainbridge Blvd

915 Green St

1003 Green St

1527 Highland Ave

1510 Wilson Rd, Unit 5, Unit 5

1510 Wilson Rd, Unit 3, Unit 3

5641 Parish Ln
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.

5626 Carisbrooke Ln

1 Shelby St

2007 Elm St

70 Manly St

1510 Wilson Rd, Unit 1, Unit 1

804 City Park Ave

1130 Commerce Ave
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.
Portsmouth, VA Local Guide

How much does it cost to rent a home in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth 2 Bedroom Homes for Rent | $1,751 | $1,075 | $3,500 |
| Portsmouth 3 Bedroom Homes for Rent | $2,280 | $1,300 | $3,200 |
| Portsmouth 4 Bedroom Homes for Rent | $2,511 | $900 | $3,600 |
| Portsmouth 5 Bedroom Homes for Rent | $3,160 | $2,550 | $4,000 |
| Portsmouth 7 Bedroom Homes for Rent | $3,499 | $3,499 | $3,499 |
Browse Top Homes for Rent in Portsmouth
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Portsmouth, VA Local Guide
- Portsmouth Neighborhoods
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Cheapest Neighborhoods for Apartments in Portsmouth, VA
Pricing Updated: 05/25/2026Current apartment rentals in the Portsmouth, VA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown Portsmouth | $1,470 | $700 | 21 |
| Downtown Portsmouth | $2,200 | $1,050 | 17 |
| Old Towne Portsmouth | $2,382 | $950 | 99 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, VA is a 2 Beds unit found at Holley Pointe in the South Brambleton neighborhood priced from $507. New Port Landing in the Camelot neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holley Pointe | 2 Bdrm | 2BR,1BA | $507 |
| New Port Landing | 1 Bedroom 1 Bath | 1BR,1BA | $875 |
| The Grand at New Port | MLGR2BR | 2BR,1BA | $950 |
| Arbor Brook Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| Collinswood Lake Apartments | 1 Bed | 1BR,1BA | $995 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,010 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1,025 |
| Beacon 303 | A1 | 1BR,1BA | $1,050 |
| Bell Diamond Manor | 2 Bedroom Townhouse | 2BR,2BA | $1,100 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
Best Value Apartments for Rent in Portsmouth, VA
As of May 25, 2026 the best value apartment in the Portsmouth area is the $0.69 price per square foot 2124 Queen St Model at 2124 Queen St, Unit 2124 Queen st in the in the Midtown Portsmouth neighborhood starting from $1,250. The second greatest value Portsmouth apartment is the 2 Bedroom Model at Miars Farm starting at $1,595 with a $1.29 price per square foot in the Western Branch neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2124 Queen St, Unit 2124 Queen st | 2124 Queen St | 3BR,1BA | $0.69 |
| Miars Farm | 2 Bedroom | 2BR,2BA | $1.29 |
| Collinswood Lake Apartments | 3 Beds | 3BR,1BA | $1.14 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Taylor Bend Apartments | 2 bedroom/2Bath | 2BR,2BA | $1.05 |
| The Banks at Berkley | 3 Bdrm | 3BR,2BA | $1.25 |
| Origin Circle at Kindred | 2BR | 2BR,1BA | $1.26 |
| Welcome Home to The Grand at Mallard Manor! | MC.2B1.5B | 2BR,1.5BA | $1.29 |
| Arbor Brook Apartments | 2BR/1.0BA | 2BR,1BA | $1.11 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1.28 |
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.
Portsmouth, VAPopulation: 94,632
Ranked #340
in US Census Population by City
Best Local Schools in Portsmouth, VA
Churchland Primary & Intermediate
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portsmouth, VA Rentals by Map
See the most popular apartments and homes in Portsmouth, VA
Frequently Asked Questions about Portsmouth
What type of rentals are currently available in Portsmouth?
There are currently 421 Apartments for Rent in Portsmouth, VA with pricing that ranges from $700 to $5,863. There are also 145 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $750 to $5,200.
What is the current price range for Rental Homes in Portsmouth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portsmouth ranges from $750 to $5,200 with an average monthly rent of $2,782.
How much are larger Three and Four Bedroom Rentals in Portsmouth?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portsmouth range from $1,250 to $5,863, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,200. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $2,200.
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

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.

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.