
Cheap Apartments for Rent in the Old Towne Portsmouth Neighborhood of Portsmouth, VA from $1,100 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Towne Portsmouth area of Portsmouth.


Total Monthly Price
Nav850

Harbor Tower Apartments

311-315 North Street

424 North St
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915 High St

Moore

The Crawford

Admiral's Landing

Sterling King
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Tower 507

Crawford House

Holley Pointe

Five17 King

Green Street Apartments
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Olde Towne Apartments
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 1 Bedroom Apartments | $1,504 | $1,115 | $1,938 |
| Old Towne Portsmouth 2 Bedroom Apartments | $1,789 | $1,250 | $2,189 |
| Old Towne Portsmouth 3 Bedroom Apartments | $1,275 | $1,275 | $1,275 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Old Towne Portsmouth Neighborhood of Portsmouth, VA.
See all Apartments in PortsmouthExplore Portsmouth
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 1 Bed unit found at Victory Square 55+ Senior Community priced from $1,115. Beacon 303 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,260. Here are the most affordable Old Towne Portsmouth apartments for rent in Portsmouth, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
| Beacon 303 | 2 Bedroom apartment available in Old Towne Port... | 2BR,1BA | $1,260 |
| Sterling King | THE LAFAYETTE | Studio,1BA | $1,338 |
| Nav850 | The Sycamore | 1BR,1BA | $1,417 |
| Crawford House | THE WALKER 550 sf | 1BR,1BA | $1,519 |
Best Value Apartments for Rent in Old Towne Portsmouth, VA
As of February 23, 2026 the best value apartment in the Old Towne Portsmouth area is the $1.14 price per square foot 426 London St Model at 426 London St in the in the Dnc neighborhood starting from $1,250. The second greatest value Old Towne Portsmouth apartment is the The Sugar Maple - Renovated Model at Nav850 starting at $1,918 with a $2.05 price per square foot in the South Brambleton 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. |
|---|---|---|---|
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Nav850 | The Sugar Maple - Renovated | 1BR,1BA | $2.05 |
| Beacon 303 | Renovated and Spacious 2BR In Downtown Portsmou... | 2BR,1BA | $1.59 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1.65 |
| Sterling King | THE LAFAYETTE | Studio ,1BA | $2.05 |
| Crawford House | THE WALKER 550 sf | 1BR,1BA | $2.76 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 #3
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 Victory Square 55+ Senior Community which is listed at $1,115, while the average apartment in Old Towne Portsmouth costs $1,929.
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.
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

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.

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.

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.

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.