Cheap Homes for Rent in Portsmouth, VA from $600 (17 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.

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 811 Randolph St

$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

811 Randolph St

PortsmouthVA23704

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 1510 Wilson Rd

$1,200

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd

NorfolkVA23523

Portsmouth, VA Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 02/17/2026

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
Old Towne Portsmouth$1,912$1,3004
Midtown Portsmouth$2,174$80016
Downtown Portsmouth$2,950$8008

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
Collinswood Lake Apartments1 Bed1BR,1BA$995
Riverstone I1 Bedroom 1.5 Bath Classic1BR,1BA$1,010
Harbor Square ApartmentsClassic2BR,1BA$1,025

Best Value Apartments for Rent in Portsmouth, VA

As of February 17, 2026 the best value apartment in the Portsmouth area is the $1.14 price per square foot 2 Bedroom Model at Crescent Place in the in the Culpepper Landing neighborhood starting from $1,351. The second greatest value Portsmouth apartment is the 3 Beds Model at Collinswood Lake Apartments starting at $1,295 with a $1.14 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.
Crescent Place2 Bedroom2BR,2BA$1.14
Collinswood Lake Apartments3 Beds3BR,1BA$1.14
426 London St426 London St2BR,1BA$1.14
Clairmont at Campostella I2BR2BR,2BA$1.03
Origin Circle at Kindred2BR2BR,1BA$1.26
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Somyrr Properties2 BR 1.5 BA2BR,1.5BA$1.25
Bains Pointe2 Bedroom2BR,1.5BA$1.12
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.

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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!

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Frequently Asked Questions about Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 424 Apartments for Rent in Portsmouth, VA with pricing that ranges from $635 to $4,929. There are also 153 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $650 to $4,000.

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 $650 to $4,000 with an average monthly rent of $2,140.

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 $635 to $4,929, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,000. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $2,400.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.