14 Furnished Apartments for rent in Portsmouth, VA

Last updated March 24 at 9:09pm UTC
3750 Towne Point RD
Huntington Park Condominiums
Portsmouth, VA
Updated March 20 at 1:44am UTC
2 Bedrooms
Results within 1 miles of Portsmouth, VA
123 College PL
Downtown Norfolk
Norfolk, VA
Updated February 22 at 1:39am UTC
2 Bedrooms
Results within 5 miles of Portsmouth, VA
2738 Grandy AVE
Ballentine Place
Norfolk, VA
Updated March 22 at 1:44am UTC
1 Bedroom
Results within 10 miles of Portsmouth, VA
2120 Tarleton Oaks Drive^^
Virginia Beach
Virginia Beach, VA
Updated March 16 at 10:18am UTC
2 Bedrooms
1005 Colonial Avenue #7 AVE
Ghent Square
Norfolk, VA
Updated March 22 at 1:43am UTC
1 Bedroom
1508 W Ocean View Ave
Norfolk, VA
Updated March 24 at 9:38am UTC
2 Bedrooms
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March 2018 Portsmouth Rent Report

Welcome to the March 2018 Portsmouth Rent Report. Portsmouth rents declined over the past month. In this report, we'll evaluate trends in the Portsmouth rental market, including comparisons to cities throughout the state and nation.

View full Portsmouth Rent Report
Rent Report

March 2018 Portsmouth Rent Report

Welcome to the March 2018 Portsmouth Rent Report. Portsmouth rents declined over the past month. In this report, we'll evaluate trends in the Portsmouth rental market, including comparisons to cities throughout the state and nation.

Portsmouth rents declined over the past month

Portsmouth rents have declined 1.7% over the past month, but are up moderately by 2.2% in comparison to the same time last year. Currently, median rents in Portsmouth stand at $770 for a one-bedroom apartment and $930 for a two-bedroom. Portsmouth's year-over-year rent growth leads the state average of 1.4%, but trails the national average of 2.3%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Portsmouth, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $1,980; of the 10 largest cities in Virginia that we have data for, Alexandria and Arlington, where two-bedrooms go for $1,780 and $1,980, are the only two major cities in the state to see rents fall year-over-year (-0.2% and -0.1%).
  • Richmond, Newport News, and Portsmouth have all experienced year-over-year growth above the state average (3.0%, 2.3%, and 2.2%, respectively).

Portsmouth rents more affordable than many large cities nationwide

As rents have increased moderately in Portsmouth, a few large cities nationwide have also seen rents grow modestly. Portsmouth is still more affordable than most large cities across the country.

  • Portsmouth's median two-bedroom rent of $930 is below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 2.2% rise in Portsmouth.
  • While Portsmouth's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), Atlanta (+2.3%), and Seattle (+2.1%).
  • Renters will find more reasonable prices in Portsmouth than most large cities. For example, San Francisco has a median 2BR rent of $3,040, which is more than three times the price in Portsmouth.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Virginia Beach $1,060 $1,280 -0.1% 1.9%
Norfolk $790 $950 -0.7% 0.6%
Chesapeake $980 $1,180 0.3% 1.7%
Newport News $840 $1,010 0.9% 2.3%
Hampton $860 $1,030 -0.5% 1.3%
Portsmouth $770 $930 -1.7% 2.2%
Suffolk $910 $1,090 -0.5% 1.2%
Williamsburg $990 $1,180 -0.9% -0.7%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.


Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.