Cheap Homes for Rent in Portsmouth, VA from $700 (28 Rentals)

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

property at 9 Aylwin Rd

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

9 Aylwin Rd

PortsmouthVA23702
property at 1003 Douglas Ave

$900 - $1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,200

Total Monthly Price
$900 - $1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

1003 Douglas Ave

PortsmouthVA23707
property at 3605 Killam Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 2 Bath Home for Rent

Available Now

3605 Killam Ave

NorfolkVA23508

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.

property at 623 W 28th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

623 W 28th St

NorfolkVA23508
property at 742 Lexington St

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Home for Rent

Available Now

742 Lexington St

NorfolkVA23504
property at 104 Cushing St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Townhome for Rent

Available Now

104 Cushing St

PortsmouthVA23702
property at 146 Florida Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Now

146 Florida Ave

PortsmouthVA23707
property at 754 Fremont St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

754 Fremont St

NorfolkVA23504
property at 811 Randolph St

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

811 Randolph St, Unit A, Unit A

811 Randolph St
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.

property at 3408 Bainbridge Blvd

$1,175

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3408 Bainbridge Blvd

ChesapeakeVA23324
property at 915 Green St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

915 Green St

PortsmouthVA23704
property at 1003 Green St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

1003 Green St

PortsmouthVA23704
property at 1510 Wilson Rd

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd, Unit 5, Unit 5

1510 Wilson Rd
NorfolkVA23523
property at 1510 Wilson Rd

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd, Unit 3, Unit 3

1510 Wilson Rd
NorfolkVA23523
property at 5641 Parish Ln

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Home for Rent

Available Jun 10

5641 Parish Ln

PortsmouthVA23703

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.

property at 5626 Carisbrooke Ln

$1,285

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,285

Total Monthly Price
$1,285

2 Bedroom, 2 Bath Townhome for Rent

Available Now

5626 Carisbrooke Ln

PortsmouthVA23703
property at 1 Shelby St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Condo for Rent

Available Now

1 Shelby St

PortsmouthVA23701
property at 2007 Elm St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

2007 Elm St

PortsmouthVA23701
property at 70 Manly St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

70 Manly St

PortsmouthVA23702
property at 1510 Wilson Rd

$1,325

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd, Unit 1, Unit 1

1510 Wilson Rd
NorfolkVA23523
property at 804 City Park Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

804 City Park Ave

PortsmouthVA23701
property at 1130 Commerce Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Aug 23

1130 Commerce Ave

ChesapeakeVA23324

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

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 05/25/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Midtown Portsmouth$1,470$70021
Downtown Portsmouth$2,200$1,05017
Old Towne Portsmouth$2,382$95099

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 ListingModel NameBed/BathPriced From
Holley Pointe2 Bdrm2BR,1BA$507
New Port Landing1 Bedroom 1 Bath1BR,1BA$875
The Grand at New PortMLGR2BR2BR,1BA$950
Arbor Brook Apartments2BR/1.0BA2BR,1BA$995
Collinswood Lake Apartments1 Bed1BR,1BA$995
Bains Pointe2 Bedroom 1.5 Bath2BR,1BA$1,010
Harbor Square ApartmentsClassic2BR,1BA$1,025
Beacon 303A11BR,1BA$1,050
Bell Diamond Manor2 Bedroom Townhouse2BR,2BA$1,100
Victory Square 55+ Senior CommunityThe Commodore1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2124 Queen St, Unit 2124 Queen st2124 Queen St3BR,1BA$0.69
Miars Farm2 Bedroom2BR,2BA$1.29
Collinswood Lake Apartments3 Beds3BR,1BA$1.14
426 London St426 London St2BR,1BA$1.14
Taylor Bend Apartments2 bedroom/2Bath2BR,2BA$1.05
The Banks at Berkley3 Bdrm3BR,2BA$1.25
Origin Circle at Kindred2BR2BR,1BA$1.26
Welcome Home to The Grand at Mallard Manor!MC.2B1.5B2BR,1.5BA$1.29
Arbor Brook Apartments2BR/1.0BA2BR,1BA$1.11
Harbor Square ApartmentsClassic2BR,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 Article
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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.

Read Article
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Portsmouth, VA
Population: 94,632

Ranked #340

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portsmouth, VA Rentals by Map

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.