Cheap Apartments for Rent in Portsmouth, VA from $400 (87 Rentals)

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Search the lowest-cost Apartments available for rent right now in Portsmouth.

property at 721 Dinwiddie St

721 Dinwiddie St

PortsmouthVA23704

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 525 North St

525 North St

PortsmouthVA23704
property at 49 Shelby St

49 Shelby St

PortsmouthVA23701
property at 9 Morris St

9 Morris St

PortsmouthVA23702
property at 548 Madison St

548 Madison St

PortsmouthVA23704
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Shea Terrace
1 to 2 Bedroom Apartments

Shea Terrace

253 Constitution AvePortsmouth, VA 23704
Senior Living
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Cavalier Gardens
2 Bedroom Apartments

Cavalier Gardens

808-814 Cavalier BlvdPortsmouth, VA 23701
  • Utilities Included
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Holley Pointe
2 to 3 Bedroom Apartments

Holley Pointe

622 Effingham StPortsmouth, VA 23704
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London Oaks
1 to 4 Bedroom Apartments

London Oaks

2680 High StPortsmouth, VA 23707
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Turnpike Terrace
2 to 3 Bedroom Apartments

Turnpike Terrace

3721 Turnpike RdPortsmouth, VA 23701
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Victory Village
2 to 3 Bedroom Apartments

Victory Village

2304 Victory BlvdPortsmouth, VA 23702
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Five17 King
1 Bedroom Apartments

Five17 King

517 King StPortsmouth, VA 23704
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Portsmouth, VA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Portsmouth, VA

Pricing Updated: 04/27/2025

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
Midtown Portsmouth$1,422$70061
Downtown Portsmouth$2,950$91098
Old Towne Portsmouth$3,120$91074

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, VA is a 2 Beds unit found at Reunion Senior Living at Kindred in the Dnc neighborhood priced from $828. New Port Landing in the Camelot neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reunion Senior Living at Kindred2BR2BR,1BA$828
New Port Landing1 Bedroom 1 Bath1BR,1BA$910
Welcome Home to The Grand at New Port!MLGR2BR2BR,1BA$950
Arbor Brook Apartments2BR/1.0BA2BR,1BA$950
a110262BR/1.0BA2BR,1BA$975
Holley PointeTwo Bedroom2BR,1BA$1,012
Sunnybrook Apartments2 Beds, 1 bath2BR,1BA$1,025
Harbor Square ApartmentsClassic2BR,1BA$1,025
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,034

Best Value Apartments for Rent in Portsmouth, VA

As of April 27, 2025 the best value apartment in the Portsmouth area is the $1.17 price per square foot 3 Bedroom Model at Miars Farm in the in the Western Branch neighborhood starting from $1,725. The second greatest value Portsmouth apartment is the 428 Russell St Model at 428 Russell St, Unit 1 starting at $1,575 with a $1.21 price per square foot in the Midtown Portsmouth 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.
Miars Farm3 Bedroom3BR,2BA$1.17
428 Russell St, Unit 1428 Russell St2BR,1BA$1.21
Pelham Place1 bedroom split1BR,1BA$1.04
1267 W 27th St, Unit 21267 W 27th St2BR,1BA$1.17
Crescent PlaceThe Crescent2BR,2BA$1.07
Reunion Senior Living at Kindred2BR2BR,1BA$0.74
Welcome Home to The Grand at Mallard Manor!MC.2B1.5B2BR,1.5BA$1.21
a110262BR/1.0BA2BR,1BA$0.98
Arbor Brook Apartments2BR/1.0BA2BR,1BA$1.06
124 Channing Ave, Unit BARNEY2124 Channing Ave2BR,1BA$1.07

Quick Rent Budget Calculator

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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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Portsmouth Overview

Wouldn’t you love living within a few hours of amazing seafood, bustling nightlife, tons of history, and beautiful hiking and outdoor activities? Well if you choose to call Portsmouth, VA home, then you can experience all of these and so much more! Portsmouth is a city that is loved by many, and thousands of tourists flock to this area each and every year. From mild temperatures and delicious food to museums and one-of-a-kind festivals, Portsmouth is a place that we all dream about.

Why live in Portsmouth, VA?

Due to the many historical sites, tons of exciting festivals, and close proximity to just about everything, Portsmouth, VA is the perfect place to live your life to the fullest. And by being right along the edge of the eastern part of the U.S., escaping to the beach and soaking in the view is just minutes away! These are just a few reasons why many people choose to look for homes and apartments in Portsmouth.

Pet Friendly Lifestyle
Portsmouth, VA

Ranked #18

Among cities in Virginia for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Portsmouth, VA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portsmouth, VA Rentals by Map

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See the most popular apartments and homes in Portsmouth, VA

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Getting Around Portsmouth, VA

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Portsmouth Apartments

What is a cheap apartment in Portsmouth?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portsmouth is under $1,034.

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is New Port Landing which is listed at $910, while the average apartment in Portsmouth costs $2,497.

What types of apartments are the cheapest in 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 14 regular apartments in 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 Portsmouth?

Cheap apartments in Portsmouth have an average cost of $240 which is $2,257 cheaper than the average rent for all rentals in Portsmouth.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.