Rentometer, Inc. | Data as of 10/24/2025
Portsmouth, Virginia offers a dynamic rental market that blends historic charm with modern convenience, making it an attractive destination for renters seeking both apartments and single‑family homes. Apartment options range from studios in the $1000s to spacious three‑bedroom units in the $1500s, while houses provide a broad spectrum—from cozy one‑bedroom homes in the $1100s to larger four‑plus bedroom properties approaching the $2500s. This variety supports a wide range of lifestyles, whether you’re a young professional drawn to the vibrant downtown scene, a growing family looking for a suburban feel, or a student eager to live near the Naval Shipyard and nearby colleges.
The city’s neighborhoods each contribute their own flavor to the rental experience. Downtown Portsmouth and the historic Olde Towne district boast walkable streets, waterfront dining, and easy access to cultural attractions like Market Square and the Nauticus Museum. For those preferring quieter streets, areas such as Colonial Heights and Bideford offer family‑friendly environments with parks, schools, and convenient commuting routes to the larger Hampton Roads region. With a balanced mix of affordable starter units and upscale family homes, Portsmouth’s rental market remains competitive and welcoming, reflecting the city’s strong economic growth and its reputation as a thriving coastal community in Virginia.
| 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.