Cheap Homes for Rent in Portsmouth, VA from $500 (23 Rentals)

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

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.

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property at 200 Pullman Ave

200 Pullman Ave

PortsmouthVA23707

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.

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property at 1517 Summit Ave

1517 Summit Ave

PortsmouthVA23704
property at 200 Pullman Ave

200 Pullman Ave

PortsmouthVA23707

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.

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Showing Results 1-23, Page 1 of 1

Portsmouth, VA Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 11/16/2025

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$1,345$70011
Downtown Portsmouth$1,750$79521
Old Towne Portsmouth$1,767$79513

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, VA is a 3 Beds unit found at Bains Pointe in the Beacon Light neighborhood priced from $635. Harbor Square Apartments in the South Brambleton neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Harbor Square ApartmentsClassic2BR,1BA$1,025
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,075
Stone Ridge ApartmentsOne Bedroom1BR,1BA$1,092
Independence Square1 Bedroom1BR,1BA$1,093

Best Value Apartments for Rent in Portsmouth, VA

As of November 16, 2025 the best value apartment in the Portsmouth area is the $1.19 price per square foot 3308 Harding st Model at 3308 Harding st in the starting from $1,900. The second greatest value Portsmouth apartment is the 3 Bedroom Model at Miars Farm starting at $1,725 with a $1.17 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.
3308 Harding st3308 Harding st4BR,2BA$1.19
Miars Farm3 Bedroom3BR,2BA$1.17
Crescent Place2 Bedroom2BR,2BA$1.14
426 London St426 London St2BR,1BA$1.14
The Banks at BerkleyThree Bedroom3BR,2BA$1.25
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Somyrr Properties2 BR 1.5 BA2BR,1.5BA$1.25
Residences at Crawford Farms2 Bedroom 1 Bath Renovated II2BR,1BA$1.21
Bains Pointe2 Bedroom2BR,1.5BA$1.12
Bell Diamond ManorTownhome2BR,1BA$1.26

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.

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The 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.

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Quick 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 Lifestyle
Portsmouth, VA

Ranked #21

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Portsmouth, VA

School data provided by Great Schools

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

Explore Portsmouth, VA Rentals by Map

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See the most popular apartments and homes in Portsmouth, VA

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Frequently Asked Questions about Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 425 Apartments for Rent in Portsmouth, VA with pricing that ranges from $700 to $4,880. There are also 177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $200 to $4,800.

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 $200 to $4,800 with an average monthly rent of $2,218.

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 $995 to $4,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,250. Four Bedroom Single-Family rentals are also available starting from $200 and Four Bedroom Apartments start at $1,900.

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.

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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! 

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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.

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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.