Cheap Apartments for Rent in the Old Towne Portsmouth Neighborhood of Portsmouth, VA from $900 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Towne Portsmouth area of Portsmouth.

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Nav850
$1,574 - $2,189
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$1,495 - $2,110
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1 to 2 Bedroom Apartments Available Jul 2

Nav850

850 Crawford PkyPortsmouth, VA 23704
Family Friendly
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  • Utilities Included
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915 High St
2 Bedroom Apartments

915 High St

915 High StPortsmouth, VA 23704

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.

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311-315 North Street
2 Bedroom Apartments

311-315 North Street

311-315 North StPortsmouth, VA 23704
  • Utilities Included
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424 North St
1 to 2 Bedroom Apartments

424 North St

424 North StPortsmouth, VA 23704
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Moore
2 Bedroom Apartments

Moore

501 Hampton PlPortsmouth, VA 23704
  • Utilities Included
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The Crawford
Studio Apartments

The Crawford

1 Crawford PkyPortsmouth, VA 23704

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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Sterling King
Studio to 2 Bedroom Apartments

Sterling King

714 Court StPortsmouth, VA 23704
Corporate Housing
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Holley Pointe
2 to 3 Bedroom Apartments

Holley Pointe

622 Effingham StPortsmouth, VA 23704
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Tower 507
1 to 2 Bedroom Apartments

Tower 507

507 High StPortsmouth, VA 23704
  • Utilities Included
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Crawford House
Studio to 2 Bedroom Apartments

Crawford House

430 Crawford StPortsmouth, VA 23704
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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included

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.

Old Towne Portsmouth, Portsmouth, VA Local Guide

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 Beacon 303 priced from $1,050. Victory Square 55+ Senior Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here are the most affordable Old Towne Portsmouth apartments for rent in Portsmouth, VA:

Apartment ListingModel NameBed/BathPriced From
Beacon 303A11BR,1BA$1,050
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,129
Montgomery Square Apartments1G1BR,1BA$1,499
Nav850The Sycamore1BR,1BA$1,574
Holley Pointe3 Bdrm3BR,2BA$1,850

Best Value Apartments for Rent in Old Towne Portsmouth, VA

As of June 30, 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 364 Middle St Model at 364 Middle St, Unit #5 starting at $1,525 with a $1.39 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Holley Pointe3 Bdrm3BR,2BA$1.53
364 Middle St, Unit #5364 Middle St2BR,1BA$1.39
Nav850The Sycamore1BR,1BA$2.10
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1.67
Montgomery Square Apartments1G1BR,1BA$2.24
Beacon 303Renovated and Spacious 1BR In Downtown Portsmouth1BR,1BA$2.24
367 Middle St, Unit 3367 Middle St1BR,1BA$3.64

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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Real 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.

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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
Old Towne Portsmouth, Portsmouth, VA

Ranked #3

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 Beacon 303 which is listed at $1,050, while the average apartment in Old Towne Portsmouth costs $1,950.

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 4 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

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.