Portsmouth, VA Rental Market Trends

What is the average rent in Portsmouth?

The average rent for an apartment in Portsmouth is $1,268. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Portsmouth, VA

Last updated November 2023

Average Rent	Average Apartment Size
$1,268	858 sq. ft.

What is the average apartment size in Portsmouth?

The average size for a Portsmouth, VA apartment is 858 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

Portsmouth, VA Occupied Housing Units

17,090 or 44% of the households in Portsmouth, VA are renter-occupied while 21,463 or 56% are owner-occupied.

Portsmouth, VA rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Portsmouth, VA By Neighborhood

Neighborhood	Average Rent
Arcadia Heights	$1,400
Brighton	$1,400
Columbia Commons	$1,400
Dale Homes	$1,400
Downtown Portsmouth	$1,400
Lincoln Park	$1,400
Norfolk Naval Shipyard	$1,400
Olde Towne Portsmouth	$1,400
Park View	$1,400
Portcentre Commerce Park	$1,400
Prentis Park	$1,400
Prentis Place	$1,400
Shea Terrace	$1,400
Southside Gardens	$1,400
Southside Portsmouth	$1,400
Swanson Homes	$1,400
Swimming Point	$1,400
The Myrtles	$1,400
Uptown Portsmouth	$1,400
West Park View	$1,400
Westbury	$1,400
Arbor Reach	$1,318
Armistead Forest	$1,318
Bayberry Commons	$1,318
Belvedere	$1,318
Bishops Green	$1,318
Brandon Square	$1,318
Briarwood	$1,318
Carney Farm	$1,318
Castle Heights	$1,318
Cavalier Forest	$1,318
Cedarfield of Churchland	$1,318
Centre Point	$1,318
Chelsea Point Apartments	$1,318
Churchland Croft	$1,318
Churchland Forest Apartments	$1,318
Churchland Square	$1,318
Churchland West	$1,318
Craney Island Reservation	$1,318
Creekside	$1,318
Cypress Cove Villas	$1,318
Ebony Heights	$1,318
Edgefield	$1,318
Edgefield Apartments	$1,318
Edgefield East	$1,318
Edgewood Park	$1,318
Egrets Cove	$1,318
First Watch at River Pointe	$1,318
Green Acres	$1,318
Greenefield Farms	$1,318
Hardee Point	$1,318
Hatton Point Estates	$1,318
Hatton Square	$1,318
Hidden Cove	$1,318
Hosiers Oaks	$1,318
Hunters Point	$1,318
Huntington Parks	$1,318
Jordansville	$1,318
Lanier Gardens	$1,318
Laurel Park	$1,318
Long Point	$1,318
Merrifields	$1,318
Midfield Pointe	$1,318
North Point	$1,318
North Siesta Gardens	$1,318
Nottingham Homes	$1,318
Onelia Acres	$1,318
Peachtree	$1,318
Pepperwood	$1,318
Pinecroft	$1,318
Pinehurst	$1,318
Pointe of View	$1,318
Pride Homes - Cedar Creek Apartments	$1,318
River Cove	$1,318
River Peace	$1,318
River Shores	$1,318
Siesta Gardens	$1,318
Southhampton	$1,318
Sterling Cove	$1,318
Sterling Point	$1,318
Stone Mill Estates	$1,318
Stoneridge Apartments	$1,318
Sweetbriar	$1,318
Sweethaven	$1,318
The Estates at River Pointe	$1,318
The Gateway at Sterling Point	$1,318
The Lanterns	$1,318
The Pointe	$1,318
The Villas at River Pointe	$1,318
Twin Pines	$1,318
Village at Western Branch	$1,318
West Norfolk	$1,318
Westmoreland	$1,318
Westwind Apartments	$1,318
Westwood	$1,318
Willow Breeze	$1,318
Wimbledon Chase	$1,318
Windmill Shores	$1,318
Windy Pines	$1,318
Wise Beach	$1,318
Woodbine	$1,318
Woods of Hampton	$1,318
Mt. Hermon Village	$1,309
North Truxtun	$1,309
Seaboard Square	$1,309
Cradock	$1,303
Truxtun	$1,303
Belmont	$1,211
Bide-A-Wee Manor	$1,211
Cavalier Manor	$1,211
Cedar Point	$1,211
Century Homes	$1,211
Charlestowne Townhouses	$1,211
Cherokee Park Apartments	$1,211
Collinswood	$1,211
Crystal Lake	$1,211
Cypress Point	$1,211
Elizabeth Acres	$1,211
Elizabeth Manor	$1,211
Evergreen at Bethel	$1,211
Glendale	$1,211
Green Lakes	$1,211
Hattonsville	$1,211
Hattonville Estates	$1,211
Hodges Manor	$1,211
Hodges Manor Apartments	$1,211
Hodges Manor East Apartments	$1,211
Kimberly Acres	$1,211
Kings Gate Crossing	$1,211
Lake Forest	$1,211
Lincoln Gardens	$1,211
Mallard Cove Apartments	$1,211
Manor View	$1,211
Maplewood Park	$1,211
Mayflower Park	$1,211
Mimosa Cove	$1,211
Oregon Acres	$1,211
Park East Apartments	$1,211
Park Manor	$1,211
Pine Acres	$1,211
Portsmouth Acres	$1,211
Portsmouth Estates	$1,211
Rollingwood	$1,211
Simonsdale	$1,211
South Park Manor	$1,211
Stewart Manor	$1,211
Victory Park	$1,211
Victory Village	$1,211
West Park Homes	$1,211
Garden Homes	$1,150
New Port	$1,150
Douglass Park	$1,143
Kingman Heights	$1,143
Afton Village	$1,007
Bayview Gardens	$1,007
Cradock Gardens	$1,007
Deep Creek Village	$1,007
Fairview Heights	$1,007
Fairville	$1,007
Gwaltney Acres	$1,007
Highland Biltmore	$1,007
Highland Park	$1,007
Holly Hill	$1,007
Independence Square	$1,007
Loxley Place	$1,007
Marsh Landing	$1,007
New Gosport	$1,007
South Fairview Heights	$1,007
South Loxley Place	$1,007
Stanley Court	$1,007
Victory Village Apartments	$1,007
West Cradock	$1,007
Crescent Place	$916
Forrest Park	$916
Glenshellah	$916
Greenbrier	$916
Grove Park	$916
Hamilton Place	$916
Lake Shores	$916
London Oaks Apartments	$916
Lynn Shores	$916
Mayview Park	$916
Merrimac Point	$916
Mt. Hermon	$916
Norcum Park	$916
Port Norfolk	$916
River Park	$916
Sugar Hill	$916
Waterview	$916
Waterview Colonial Manor	$916
West Grove - Maple Shade	$916
Westhaven	$916
Westhaven Park	$916
Whispering Oaks	$916

What are the most affordable neighborhoods in Portsmouth?

The most affordable neighborhoods in Portsmouth are Crescent Place, where the average rent goes for $916/month, Forrest Park, where renters pay $916/mo on average, and Glenshellah, where the average rent goes for $916/mo. If you’re looking for other great deals, check out the listings from Greenbrier ($916), Grove Park ($916), and Hamilton Place ($916), where the asking prices are below the average Portsmouth rent of $1,268/mo.

What are the most expensive neighborhoods in Portsmouth?

The most expensive neighborhoods in Portsmouth are Uptown Portsmouth ($1,400), West Park View ($1,400) and Westbury ($1,400).

What are the most popular neighborhoods in Portsmouth?

The most popular neighborhood in Portsmouth is Downtown Portsmouth, where there are 8 listings with an average rent of $1,400. Next up is Cherokee Park Apartments, where apartments go for $1,211/month, followed by Churchland Forest Apartments with $1,318 If you’re looking to rent in Portsmouth’s most popular neighborhoods, make sure to also check out Merrifields, where renters pay $1,318 on average, and Olde Towne Portsmouth, where the average monthly rent is $1,400.

Portsmouth | Rent Comparison by Neighborhood

Rent in Afton Village is 24% lower than in Arbor Reach

$1,007

Afton Village rent is 21% lower than Portsmouth average

Average Rent $1,007

$1,318

Arbor Reach rent is 4% higher than Portsmouth average

Average Rent $1,318

How Portsmouth Compares to Other Cities

City	Average Rent
Richmond	$1,464
Arlington	$2,524
Newport News	$1,335
Newport News	$1,335
Alexandria	$2,092
Norfolk	$1,400
Virginia Beach	$1,626
Norfolk	$1,400
Virginia Beach	$1,626
Henrico	$1,520
Charlottesville	$1,903
Woodbridge	$1,914
Hampton	$1,435
Hampton	$1,435
Chesapeake	$1,650
Suffolk	$1,650
Portsmouth	$1,268
Yorktown	$1,737
Fort Eustis	$1,217

What is the average price for a storage unit in Portsmouth?

The average rent for a non-climate-controlled 10'x10' storage unit in Portsmouth is $131.44. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.