Cheap Homes for Rent in Portsmouth, VA from $700 (30 Rentals)

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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 1219 Redgate Ave

$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

1219 Redgate Ave

NorfolkVA23507

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.

property at 200 Pullman Ave

$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

200 Pullman Ave

PortsmouthVA23707
property at 1517 Summit Ave

$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Now

1517 Summit Ave

PortsmouthVA23704
property at 811 Randolph St

$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

811 Randolph St

PortsmouthVA23704
property at 1510 Wilson Rd

$1,200

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd

NorfolkVA23523
property at 200 Pullman Ave

$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

200 Pullman Ave

PortsmouthVA23707

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 13 Hedge Ln

$1,250

2 Bedroom, 2 Bath Condo for Rent

Available Now

13 Hedge Ln

PortsmouthVA23701
property at 13 Hedge Ln

$1,250

2 Bedroom, 2 Bath Condo for Rent

Available Now

13 Hedge Ln

PortsmouthVA23701
property at 1443 W 40th St

$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1443 W 40th St

NorfolkVA23508
property at 2020 Elmhurst Ln

$1,300

2 Bedroom, 1.5 Bath Home for Rent

Available Now

2020 Elmhurst Ln

PortsmouthVA23701

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Portsmouth, VA Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 01/02/2026

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
Downtown Portsmouth$1,832$1,05028
Old Towne Portsmouth$1,889$1,05017
Midtown Portsmouth$2,400$70029

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. Arbor Brook Apartments in the Culpepper Landing neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Arbor Brook Apartments2BR/1.0BA2BR,1BA$995
Riverstone I1 Bedroom 1.5 Bath Classic1BR,1BA$1,010
Harbor Square ApartmentsClassic2BR,1BA$1,025
Residences at Crawford Farms1 Bedroom 1 Bath Classic1BR,1BA$1,050
Beacon 303A11BR,1BA$1,050
The Orchards at BellevilleThe Magnolia1BR,1BA$1,073
Manor View Apartments1 Bedroom/1 Bath/Wood Floors1BR,1BA$1,075
Independence Square1 Bedroom1BR,1BA$1,093

Best Value Apartments for Rent in Portsmouth, VA

As of January 02, 2026 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 2 Bedroom Model at Miars Farm starting at $1,400 with a $1.13 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 Farm2 Bedroom2BR,2BA$1.13
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 Paradise Creek2 Bedroom 1 Bath2BR,1BA$1.15
Bains Pointe2 Bedroom2BR,1.5BA$1.12
Arbor Brook Apartments2BR/1.0BA2BR,1BA$1.11

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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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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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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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 429 Apartments for Rent in Portsmouth, VA with pricing that ranges from $700 to $4,880. There are also 145 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $200 to $3,700.

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 $3,700 with an average monthly rent of $2,438.

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 $1,200 to $3,000. Four Bedroom Single-Family rentals are also available starting from $200 and Four Bedroom Apartments start at $1,900.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!