
Cheap Apartments for Rent in the Old Towne Portsmouth Neighborhood of Portsmouth, VA from $667 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Portsmouth area of Portsmouth.


The Grand at New Port

Harbor Square Apartments

424 London St

Total Monthly Price
301 Broad St, Unit Apt 3

Crescent Place

Montgomery Square Apartments

Beacon 303
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Biltmore Commons Apartments

Total Monthly Price
426 London St

2124 Queen St

The Quarters at Park View

1609 Spratley St, Unit A

Total Monthly Price
Victory Square 55+ Senior Community

Total Monthly Price
Starboard Townhomes

Silvertree Seniors
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Somyrr Properties

Holley Pointe

Five17 King

318 Washington St

Tower 507

309 North St

801 Greenway Ct, Unit B-5

Origin Circle at Kindred
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Villa Terrace

Unity Place at Kindred

The Rockefeller

Hague Towers

The Law Building

Total Monthly Price
2009 Mclain Street, Unit #D

The James

Pembroke Towers
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.

Kinship at Kindred

1100 Wilson Rd
Old Towne Portsmouth, Portsmouth, VA Local Guide

How much does it cost to rent an apartment in Old Towne Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Towne Portsmouth Studio Apartments | $1,609 | $900 | $1,973 |
| Old Towne Portsmouth 1 Bedroom Apartments | $1,693 | $1,097 | $2,479 |
| Old Towne Portsmouth 2 Bedroom Apartments | $2,006 | $950 | $4,238 |
| Old Towne Portsmouth 3 Bedroom Apartments | $2,355 | $667 | $4,624 |
| Old Towne Portsmouth 4 Bedroom Apartments | $2,627 | $2,627 | $2,627 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Old Towne Portsmouth Neighborhood of Portsmouth, VA.
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Old Towne Portsmouth, Portsmouth, VA Local Guide
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Cheapest Available Old Towne Portsmouth Apartments for Rent
 The cheapest available apartment rental in the Old Towne Portsmouth area of Portsmouth, VA is a 2 Beds unit found at The Grand at New Port priced from $950. Harbor Square Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here are the most affordable Old Towne Portsmouth apartments for rent in Portsmouth, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Grand at New Port | MLGR2BR | 2BR,1BA | $950 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1,025 |
| Holley Pointe | 2 Bdrm | 2BR,1BA | $1,055 |
| Unity Place at Kindred | A3 | 1BR,1BA | $1,116 |
| Crescent Place | 1 Bedroom | 1BR,1BA | $1,144 |
| Montgomery Square Apartments | 1SA | 1BR,1BA | $1,169 |
| Beacon 303 | A1 | 1BR,1BA | $1,175 |
| Biltmore Commons Apartments | Garden-Large-2 Bedroom, 1 Bath, 1st Floor | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Old Towne Portsmouth, VA
As of August 22, 2026 the best value apartment in the Old Towne Portsmouth area is the $1.53 price per square foot 3 Bdrm Model at Holley Pointe in the in the South Brambleton neighborhood starting from $1,850. The second greatest value Old Towne Portsmouth apartment is the 426 London St Model at 426 London St starting at $1,250 with a $1.14 price per square foot in the Dnc neighborhood. Here is today’s list of the best values for Old Towne Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Holley Pointe | 3 Bdrm | 3BR,2BA | $1.53 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.62 |
| Starboard Townhomes | 2bd/1ba | 2BR,1BA | $1.58 |
| Victory Square 55+ Senior Community | The Admiral | 2BR,1BA | $1.54 |
| Crescent Place | 1 Bedroom | 1BR,1BA | $1.41 |
| Harbor Square Apartments | Classic | 2BR,1BA | $1.28 |
| Biltmore Commons Apartments | Garden-Large-2 Bedroom, 1 Bath, 1st Floor | 2BR,1BA | $1.62 |
| 301 Broad St, Unit Apt 3 | 301 Broad St | 1BR,1BA | $1.53 |
| Unity Place at Kindred | A2 | 1BR,1BA | $1.59 |
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.
Pet Friendly LifestyleOld Towne Portsmouth, Portsmouth, VA
Ranked #1
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Old Towne Portsmouth Apartments
What is the price of a cheap apartment in Old Towne Portsmouth?
The cheapest apartment in Old Towne Portsmouth is Unity Place at Kindred which is listed at $1,116, while the average apartment in Old Towne Portsmouth costs $1,842.
What types of apartments are the cheapest in Old Towne Portsmouth?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Old Towne Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Old Towne Portsmouth?
Cheap apartments in Old Towne Portsmouth have an average cost of $111 which is $1,731 cheaper than the average rent for all rentals in Old Towne Portsmouth.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.