Portsmouth, VA Rental Market Trends
Highlights
The average rent for an apartment in Portsmouth is $962, a change amounting to approximately 0% compared to the previous year.
Average Rent in Portsmouth, VA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $962 | 0% | 863 sq. ft. |
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-$7009%
- $701-$1,00065%
- $1,001-$1,50021%
- $1,501-$2,0005%
Portsmouth, VA Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
14,801 or 40% of the households in Portsmouth, VA are renter-occupied while 21,670 or 59% are owner-occupied.
Portsmouth, VA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Apr / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Portsmouth, VA | $900 | $911 | $917 | $924 | $936 | $958 | $951 | $965 | $962 |
| National | $1,337 | $1,369 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 |
Average Rent in Portsmouth, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Whispering Oaks | $684 |
| Westhaven Park | $684 |
| Westhaven | $684 |
| West Grove - Maple Shade | $684 |
| Waterview Colonial Manor | $684 |
| Waterview | $684 |
| Sugar Hill | $684 |
| River Park | $684 |
| Port Norfolk | $684 |
| Norcum Park | $684 |
| Mt. Hermon | $684 |
| Merrimac Point | $684 |
| Mayview Park | $684 |
| Lynn Shores | $684 |
| London Oaks Apartments | $684 |
| Lake Shores | $684 |
| Hamilton Place | $684 |
| Grove Park | $684 |
| Greenbrier | $684 |
| Glenshellah | $684 |
| Forrest Park | $684 |
| Crescent Place | $684 |
| West Cradock | $740 |
| Victory Village Apartments | $740 |
| Stanley Court | $740 |
| South Loxley Place | $740 |
| South Fairview Heights | $740 |
| New Gosport | $740 |
| Marsh Landing | $740 |
| Loxley Place | $740 |
| Independence Square | $740 |
| Holly Hill | $740 |
| Highland Park | $740 |
| Highland Biltmore | $740 |
| Gwaltney Acres | $740 |
| Fairville | $740 |
| Fairview Heights | $740 |
| Deep Creek Village | $740 |
| Cradock Gardens | $740 |
| Bayview Gardens | $740 |
| Afton Village | $740 |
| New Port | $843 |
| Garden Homes | $843 |
| Kingman Heights | $847 |
| Douglass Park | $847 |
| West Park Homes | $886 |
| Victory Village | $886 |
| Victory Park | $886 |
| Stewart Manor | $886 |
| South Park Manor | $886 |
| Simonsdale | $886 |
| Rollingwood | $886 |
| Portsmouth Estates | $886 |
| Portsmouth Acres | $886 |
| Pine Acres | $886 |
| Park Manor | $886 |
| Park East Apartments | $886 |
| Oregon Acres | $886 |
| Mimosa Cove | $886 |
| Mayflower Park | $886 |
| Maplewood Park | $886 |
| Manor View | $886 |
| Mallard Cove Apartments | $886 |
| Lincoln Gardens | $886 |
| Lake Forest | $886 |
| Kings Gate Crossing | $886 |
| Kimberly Acres | $886 |
| Hodges Manor East Apartments | $886 |
| Hodges Manor Apartments | $886 |
| Hodges Manor | $886 |
| Hattonville Estates | $886 |
| Hattonsville | $886 |
| Green Lakes | $886 |
| Glendale | $886 |
| Evergreen at Bethel | $886 |
| Elizabeth Manor | $886 |
| Elizabeth Acres | $886 |
| Cypress Point | $886 |
| Crystal Lake | $886 |
| Collinswood | $886 |
| Cherokee Park Apartments | $886 |
| Charlestowne Townhouses | $886 |
| Century Homes | $886 |
| Cedar Point | $886 |
| Cavalier Manor | $886 |
| Bide-A-Wee Manor | $886 |
| Belmont | $886 |
| Woods of Hampton | $941 |
| Woodbine | $941 |
| Wise Beach | $941 |
| Windy Pines | $941 |
| Windmill Shores | $941 |
| Wimbledon Chase | $941 |
| Willow Breeze | $941 |
| Westwood | $941 |
| Westwind Apartments | $941 |
| Westmoreland | $941 |
| West Norfolk | $941 |
| Village at Western Branch | $941 |
| Twin Pines | $941 |
| The Villas at River Pointe | $941 |
| The Pointe | $941 |
| The Lanterns | $941 |
| The Gateway at Sterling Point | $941 |
| The Estates at River Pointe | $941 |
| Sweethaven | $941 |
| Sweetbriar | $941 |
| Stoneridge Apartments | $941 |
| Stone Mill Estates | $941 |
| Sterling Point | $941 |
| Sterling Cove | $941 |
| Southhampton | $941 |
| Siesta Gardens | $941 |
| River Shores | $941 |
| River Peace | $941 |
| River Cove | $941 |
| Pride Homes - Cedar Creek Apartments | $941 |
| Pointe of View | $941 |
| Pinehurst | $941 |
| Pinecroft | $941 |
| Pepperwood | $941 |
| Peachtree | $941 |
| Onelia Acres | $941 |
| Nottingham Homes | $941 |
| North Siesta Gardens | $941 |
| North Point | $941 |
| Midfield Pointe | $941 |
| Merrifields | $941 |
| Long Point | $941 |
| Laurel Park | $941 |
| Lanier Gardens | $941 |
| Jordansville | $941 |
| Huntington Parks | $941 |
| Hunters Point | $941 |
| Hosiers Oaks | $941 |
| Hidden Cove | $941 |
| Hatton Square | $941 |
| Hatton Point Estates | $941 |
| Hardee Point | $941 |
| Greenefield Farms | $941 |
| Green Acres | $941 |
| First Watch at River Pointe | $941 |
| Egrets Cove | $941 |
| Edgewood Park | $941 |
| Edgefield East | $941 |
| Edgefield Apartments | $941 |
| Edgefield | $941 |
| Ebony Heights | $941 |
| Cypress Cove Villas | $941 |
| Creekside | $941 |
| Craney Island Reservation | $941 |
| Churchland West | $941 |
| Churchland Square | $941 |
| Churchland Forest Apartments | $941 |
| Churchland Croft | $941 |
| Chelsea Point Apartments | $941 |
| Centre Point | $941 |
| Cedarfield of Churchland | $941 |
| Cavalier Forest | $941 |
| Castle Heights | $941 |
| Carney Farm | $941 |
| Briarwood | $941 |
| Brandon Square | $941 |
| Bishops Green | $941 |
| Belvedere | $941 |
| Bayberry Commons | $941 |
| Armistead Forest | $941 |
| Arbor Reach | $941 |
| Truxtun | $1,071 |
| Cradock | $1,071 |
| Seaboard Square | $1,101 |
| North Truxtun | $1,101 |
| Mt. Hermon Village | $1,101 |
| Westbury | $1,180 |
| West Park View | $1,180 |
| Uptown Portsmouth | $1,180 |
| The Myrtles | $1,180 |
| Swimming Point | $1,180 |
| Swanson Homes | $1,180 |
| Southside Portsmouth | $1,180 |
| Southside Gardens | $1,180 |
| Shea Terrace | $1,180 |
| Prentis Place | $1,180 |
| Prentis Park | $1,180 |
| Portcentre Commerce Park | $1,180 |
| Park View | $1,180 |
| Olde Towne Portsmouth | $1,180 |
| Norfolk Naval Shipyard | $1,180 |
| Lincoln Park | $1,180 |
| Downtown Portsmouth | $1,180 |
| Dale Homes | $1,180 |
| Columbia Commons | $1,180 |
| Brighton | $1,180 |
| Arcadia Heights | $1,180 |
The most affordable neighborhoods in Portsmouth are Crescent Place, where the average rent goes for $684/month, Forrest Park, where renters pay $684/mo on average, and Glenshellah, where the average rent goes for $684/mo. If you’re looking for other great deals, check out the listings from Greenbrier ($684), Grove Park ($684), and Hamilton Place ($684), where the asking prices are below the average Portsmouth rent of $962/mo.
The most expensive neighborhoods in Portsmouth are Uptown Portsmouth ($1,180), West Park View ($1,180) and Westbury ($1,180).
The most popular neighborhood in Portsmouth is Downtown Portsmouth, where there are 7 verified RENTCafé listings with an average rent of $1,180. Next up is Bayview Gardens, where apartments go for $740/month, followed by Merrifields with $941 If you’re looking to rent in Portsmouth’s most popular neighborhoods, make sure to also check out Olde Towne Portsmouth, where renters pay $1,180 on average, and Stanley Court, where the average monthly rent is $740.
Portsmouth | Rent Comparison by Neighborhood
Rent in Afton Village is 21% lower than in Arbor Reach
Afton Village rent is 23% lower than Portsmouth average
| Average Rent | $740 |
|---|
Arbor Reach rent is 2% lower than Portsmouth average
| Average Rent | $941 |
|---|
How Portsmouth Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,112 | 3% |
| Arlington | $2,236 | 4% |
| Alexandria | $1,746 | 3% |
| Newport News | $968 | 2% |
| Virginia Beach | $1,217 | 3% |
| Norfolk | $1,088 | 2% |
| Hampton | $1,058 | 3% |
| Chesapeake | $1,245 | 3% |
| Suffolk | $1,251 | 3% |
| Portsmouth | $962 | n/a |
| Nansemond | $1,365 | 1% |
For more information about the Portsmouth rental trends, check out our monthly rent report
Check out Virginia Cities, Virginia Neighborhoods and Virginia Zip Codes for more details on verified listings, including the Virginia Average Rent.
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