Average Rent in Portsmouth, VA

Portsmouth rentals average $1,050 for a 1-bedroom rental to $2,395 for a 4-bedroom rental. The median price of all currently available listings is $1,450, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $349 (-96.41%) year-over-year from $362 to $13. 1-bedroom rentals prices have increased by $154 (16.39%) year-over-year from $941 to $1,095. 2-bedroom rentals prices have decreased by $55 (-4.56%) year-over-year from $1,205 to $1,150. 3-bedroom rentals prices have increased by $250 (15.15%) year-over-year from $1,650 to $1,900. 4-bedroom rentals prices have increased by $140 (6.89%) year-over-year from $2,033 to $2,173. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 96.97% this month. 1-bedroom rents have gone up by 6.22% this month. 2-bedroom rents have gone down by 7.94% this month. 3-bedroom rents have gone up by 5.56% this month. 4-bedroom rents have gone down by 8.46% this month.