Portsmouth, VA Rental Market Trends
What is the average rent in Portsmouth?
The average rent for an apartment in Portsmouth is $1,029, a 5% increase compared to the previous year, when the average rent was $977.
Average Rent in Portsmouth, VA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,029 | 5% | 863 sq. ft. |
What is the average apartment size in Portsmouth?
The average size for a Portsmouth, VA apartment is 863 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Portsmouth, VA Apartment Rent Ranges
- $501-$7004%
- $701-$1,00047%
- $1,001-$1,50044%
- $1,501-$2,0005%
Portsmouth, VA Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
15,162 or 41% of the households in Portsmouth, VA are renter-occupied while 21,208 or 58% are owner-occupied.
Portsmouth, VA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Portsmouth, VA | $924 | $936 | $958 | $951 | $965 | $962 | $977 | $1,008 | $1,019 | $1,029 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
Average Rent in Portsmouth, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Arcadia Heights | $1,243 |
| Brighton | $1,243 |
| Columbia Commons | $1,243 |
| Dale Homes | $1,243 |
| Downtown Portsmouth | $1,243 |
| Lincoln Park | $1,243 |
| Norfolk Naval Shipyard | $1,243 |
| Olde Towne Portsmouth | $1,243 |
| Park View | $1,243 |
| Portcentre Commerce Park | $1,243 |
| Prentis Park | $1,243 |
| Prentis Place | $1,243 |
| Shea Terrace | $1,243 |
| Southside Gardens | $1,243 |
| Southside Portsmouth | $1,243 |
| Swanson Homes | $1,243 |
| Swimming Point | $1,243 |
| The Myrtles | $1,243 |
| Uptown Portsmouth | $1,243 |
| West Park View | $1,243 |
| Westbury | $1,243 |
| Mt. Hermon Village | $1,155 |
| North Truxtun | $1,155 |
| Seaboard Square | $1,155 |
| Cradock | $1,149 |
| Truxtun | $1,149 |
| Arbor Reach | $1,012 |
| Armistead Forest | $1,012 |
| Bayberry Commons | $1,012 |
| Belvedere | $1,012 |
| Bishops Green | $1,012 |
| Brandon Square | $1,012 |
| Briarwood | $1,012 |
| Carney Farm | $1,012 |
| Castle Heights | $1,012 |
| Cavalier Forest | $1,012 |
| Cedarfield of Churchland | $1,012 |
| Centre Point | $1,012 |
| Chelsea Point Apartments | $1,012 |
| Churchland Croft | $1,012 |
| Churchland Forest Apartments | $1,012 |
| Churchland Square | $1,012 |
| Churchland West | $1,012 |
| Craney Island Reservation | $1,012 |
| Creekside | $1,012 |
| Cypress Cove Villas | $1,012 |
| Ebony Heights | $1,012 |
| Edgefield | $1,012 |
| Edgefield Apartments | $1,012 |
| Edgefield East | $1,012 |
| Edgewood Park | $1,012 |
| Egrets Cove | $1,012 |
| First Watch at River Pointe | $1,012 |
| Green Acres | $1,012 |
| Greenefield Farms | $1,012 |
| Hardee Point | $1,012 |
| Hatton Point Estates | $1,012 |
| Hatton Square | $1,012 |
| Hidden Cove | $1,012 |
| Hosiers Oaks | $1,012 |
| Hunters Point | $1,012 |
| Huntington Parks | $1,012 |
| Jordansville | $1,012 |
| Lanier Gardens | $1,012 |
| Laurel Park | $1,012 |
| Long Point | $1,012 |
| Merrifields | $1,012 |
| Midfield Pointe | $1,012 |
| North Point | $1,012 |
| North Siesta Gardens | $1,012 |
| Nottingham Homes | $1,012 |
| Onelia Acres | $1,012 |
| Peachtree | $1,012 |
| Pepperwood | $1,012 |
| Pinecroft | $1,012 |
| Pinehurst | $1,012 |
| Pointe of View | $1,012 |
| Pride Homes - Cedar Creek Apartments | $1,012 |
| River Cove | $1,012 |
| River Peace | $1,012 |
| River Shores | $1,012 |
| Siesta Gardens | $1,012 |
| Southhampton | $1,012 |
| Sterling Cove | $1,012 |
| Sterling Point | $1,012 |
| Stone Mill Estates | $1,012 |
| Stoneridge Apartments | $1,012 |
| Sweetbriar | $1,012 |
| Sweethaven | $1,012 |
| The Estates at River Pointe | $1,012 |
| The Gateway at Sterling Point | $1,012 |
| The Lanterns | $1,012 |
| The Pointe | $1,012 |
| The Villas at River Pointe | $1,012 |
| Twin Pines | $1,012 |
| Village at Western Branch | $1,012 |
| West Norfolk | $1,012 |
| Westmoreland | $1,012 |
| Westwind Apartments | $1,012 |
| Westwood | $1,012 |
| Willow Breeze | $1,012 |
| Wimbledon Chase | $1,012 |
| Windmill Shores | $1,012 |
| Windy Pines | $1,012 |
| Wise Beach | $1,012 |
| Woodbine | $1,012 |
| Woods of Hampton | $1,012 |
| Belmont | $940 |
| Bide-A-Wee Manor | $940 |
| Cavalier Manor | $940 |
| Cedar Point | $940 |
| Century Homes | $940 |
| Charlestowne Townhouses | $940 |
| Cherokee Park Apartments | $940 |
| Collinswood | $940 |
| Crystal Lake | $940 |
| Cypress Point | $940 |
| Elizabeth Acres | $940 |
| Elizabeth Manor | $940 |
| Evergreen at Bethel | $940 |
| Glendale | $940 |
| Green Lakes | $940 |
| Hattonsville | $940 |
| Hattonville Estates | $940 |
| Hodges Manor | $940 |
| Hodges Manor Apartments | $940 |
| Hodges Manor East Apartments | $940 |
| Kimberly Acres | $940 |
| Kings Gate Crossing | $940 |
| Lake Forest | $940 |
| Lincoln Gardens | $940 |
| Mallard Cove Apartments | $940 |
| Manor View | $940 |
| Maplewood Park | $940 |
| Mayflower Park | $940 |
| Mimosa Cove | $940 |
| Oregon Acres | $940 |
| Park East Apartments | $940 |
| Park Manor | $940 |
| Pine Acres | $940 |
| Portsmouth Acres | $940 |
| Portsmouth Estates | $940 |
| Rollingwood | $940 |
| Simonsdale | $940 |
| South Park Manor | $940 |
| Stewart Manor | $940 |
| Victory Park | $940 |
| Victory Village | $940 |
| West Park Homes | $940 |
| Garden Homes | $917 |
| New Port | $917 |
| Douglass Park | $891 |
| Kingman Heights | $891 |
| Afton Village | $864 |
| Bayview Gardens | $864 |
| Cradock Gardens | $864 |
| Deep Creek Village | $864 |
| Fairview Heights | $864 |
| Fairville | $864 |
| Gwaltney Acres | $864 |
| Highland Biltmore | $864 |
| Highland Park | $864 |
| Holly Hill | $864 |
| Independence Square | $864 |
| Loxley Place | $864 |
| Marsh Landing | $864 |
| New Gosport | $864 |
| South Fairview Heights | $864 |
| South Loxley Place | $864 |
| Stanley Court | $864 |
| Victory Village Apartments | $864 |
| West Cradock | $864 |
| Crescent Place | $689 |
| Forrest Park | $689 |
| Glenshellah | $689 |
| Greenbrier | $689 |
| Grove Park | $689 |
| Hamilton Place | $689 |
| Lake Shores | $689 |
| London Oaks Apartments | $689 |
| Lynn Shores | $689 |
| Mayview Park | $689 |
| Merrimac Point | $689 |
| Mt. Hermon | $689 |
| Norcum Park | $689 |
| Port Norfolk | $689 |
| River Park | $689 |
| Sugar Hill | $689 |
| Waterview | $689 |
| Waterview Colonial Manor | $689 |
| West Grove - Maple Shade | $689 |
| Westhaven | $689 |
| Westhaven Park | $689 |
| Whispering Oaks | $689 |
What are the most affordable neighborhoods in Portsmouth?
The most affordable neighborhoods in Portsmouth are Crescent Place, where the average rent goes for $689/month, Forrest Park, where renters pay $689/mo on average, and Glenshellah, where the average rent goes for $689/mo. If you’re looking for other great deals, check out the listings from Greenbrier ($689), Grove Park ($689), and Hamilton Place ($689), where the asking prices are below the average Portsmouth rent of $1,029/mo.
What are the most expensive neighborhoods in Portsmouth?
The most expensive neighborhoods in Portsmouth are Uptown Portsmouth ($1,243), West Park View ($1,243) and Westbury ($1,243).
What are the most popular neighborhoods in Portsmouth?
The most popular neighborhood in Portsmouth is Downtown Portsmouth, where there are 8 verified RENTCafé listings with an average rent of $1,243. Next up is Bayview Gardens, where apartments go for $864/month, followed by Churchland Forest Apartments with $1,012 If you’re looking to rent in Portsmouth’s most popular neighborhoods, make sure to also check out Cradock, where renters pay $1,149 on average, and Merrifields, where the average monthly rent is $1,012.
Portsmouth | Rent Comparison by Neighborhood
Rent in Afton Village is 15% lower than in Arbor Reach
Afton Village rent is 16% lower than Portsmouth average
| Average Rent | $864 |
|---|
Arbor Reach rent is 2% lower than Portsmouth average
| Average Rent | $1,012 |
|---|
How Portsmouth Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,204 | 8% |
| Arlington | $1,980 | -11% |
| Alexandria | $1,665 | -7% |
| Newport News | $1,053 | 7% |
| Virginia Beach | $1,292 | 6% |
| Henrico | $1,220 | 8% |
| Norfolk | $1,146 | 6% |
| Hampton | $1,163 | 11% |
| Chesapeake | $1,331 | 6% |
| Portsmouth | $1,029 | 5% |
| Suffolk | $1,321 | 2% |