Rentometer, Inc. | Data as of 10/23/2025
Portsmouth, Virginia, offers a vibrant blend of historic charm and waterfront lifestyle, making it a sought‑after destination for renters seeking both convenience and character. Nestled at the confluence of the Elizabeth and Nansemond Rivers, the city boasts attractions such as the historic downtown waterfront, the interactive Nauticus museum, and the bustling Market Square. Neighborhoods like Churchland, Midtown, and the revitalized Preservation District provide a mix of tree‑lined streets, walkable retail corridors, and easy access to major thoroughfares and public transit, appealing to professionals, families, and students alike.
The rental market in Portsmouth reflects this diversity, with a wide range of housing options from modern apartments to spacious single‑family homes. Studio apartments typically fall in the $1000 range, while one‑ and two‑bedroom units generally sit in the $1200–$1400 bracket, offering affordable choices for newcomers and downsizers. Larger homes, especially those featuring three or more bedrooms, can reach the $2400 range, catering to growing families or those desiring extra space. Whether you’re attracted to the contemporary amenities of a high‑rise apartment near the waterfront or the quiet streets of a historic house in a suburban enclave, Portsmouth’s rental community provides flexibility, quality, and proximity to the city’s cultural and recreational amenities, making it an excellent place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $999 | $984 | $700 - $1,330 | $700 - $1,330 |
| Apartment | 1 Bedroom | $1,244 | $1,245 | $750 - $1,760 | $1,092 - $1,440 |
| Apartment | 2 Bedroom | $1,327 | $1,293 | $800 - $2,045 | $1,165 - $1,435 |
| Apartment | 3 Bedroom | $1,529 | $1,460 | $1,150 - $2,600 | $1,349 - $1,610 |
| House | 1 Bedroom | $1,136 | $1,200 | $750 - $1,500 | $900 - $1,300 |
| House | 2 Bedroom | $1,487 | $1,395 | $1,000 - $2,400 | $1,295 - $1,625 |
| House | 3 Bedroom | $1,956 | $1,950 | $1,200 - $3,500 | $1,700 - $2,195 |
| House | 4+ Bedroom | $2,460 | $2,400 | $800 - $3,800 | $2,100 - $2,700 |
In the current period, the average rent in Portsmouth was $1,080 for Studio, $1,224 for 1 Bedroom, $1,413 for 2 Bedroom, $1,912 for 3 Bedroom, and $2,422 for 4+ Bedroom.
Data provided by Rentometer, Inc.