Last updated
Average Rent in Portsmouth, VA & Rent Trends
Rent prices and market trends across 7 apartment communities in Portsmouth, VA. Updated daily.
Market Average
$1,544/mo
▲ +1.7% from last month
Lowest Available
$1,175/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
15
available now
Price Cuts This Week in Portsmouth, VA
4 listed units across 1 building offering 1 bed units in Portsmouth, VA dropped their asking rent in the past 7 days, an average cut of $475/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Lofts at Front Street | Unit 12 | $3,150 | $1,825 | $1,325 |
| Lofts at Front Street | Unit 6 | $3,050 | $2,675 | $375 |
| Lofts at Front Street | Unit 11 | $3,150 | $3,050 | $100 |
| Lofts at Front Street | Unit 9 | $2,550 | $2,450 | $100 |
Rent by Neighborhood in Portsmouth, VA
Compare average rent across Portsmouth, VA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Ghent | $2,459 | ▼ $1 | $1,780 | 1 | 15 |
| Downtown | $2,128 | ▲ $69 | $1,590 | 2 | 4 |
| Portsmouth 23704 | $1,757 | ▲ $90 | $1,175 | 7 | 34 |
Is Rent Going Up or Down in Portsmouth, VA?
As of August 2026, the average rent in Portsmouth, VA is $1,544 per month across 7 apartment communities and 15 available units. Rents have increased $30 (1.7%) over the past month.
The most affordable option is Beacon303 at Olde Towne Apartments starting at $1,175/mo. By unit type, a 1-bedroom averages $1,544/mo.
Prices range from $1,175 to $1,800 per month. The most common price point is the $1,400 range, where 6 units are currently listed.
Portsmouth, VA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,785 | - | 8 |
| August 2026 | $1,824 | +$39 | 8 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Portsmouth, VA
Rent Prices by Apartment in Portsmouth, VA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Beacon303 at Olde Towne Apartments | $1,175/mo | $1,263/mo | 2 | 2 |
| Montgomery Square | $1,199/mo | $1,299/mo | 2 | 4.4 |
| Harbor Vista | $1,500/mo | $1,544/mo | 4 | 4.5 |
| The Quarters at Park View Apartments | $1,585/mo | $1,585/mo | 1 | 3.7 |
| Harbor Tower Apartments | $1,590/mo | $1,590/mo | 1 | 4.2 |
| Nav850 | $1,651/mo | $1,701/mo | 3 | 2.9 |
| Lofts at Front Street | $1,780/mo | $1,790/mo | 2 | 4.4 |
Frequently Asked Questions About Rent in Portsmouth, VA
What is the average rent in Portsmouth, VA?
Is rent going up or down in Portsmouth, VA?
What is the cheapest apartment in Portsmouth, VA?
How much is a 1-bedroom apartment in Portsmouth, VA?
How many apartments are available in Portsmouth, VA?
What salary do I need to live comfortably in Portsmouth, VA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$62,000/year
Based on the 30 percent rule, using our tracked average rent of $1,544/mo.
Comfortable income
$74,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,175/mo), you need to earn at least $47,000/year.
Cost of living in Portsmouth, VA
We only have live rent data for Portsmouth, VA so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,544 |
| Estimated total | $1,544/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Google Search Trends for Portsmouth, VA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Portsmouth, VA Apartments
Browse all 7 communities with daily-updated pricing and availability.