Renter Resources
Tenant Rights 101: What Every Renter Should Know
Your landlord can't just walk in, raise your rent overnight, or kick you out on a whim, but many renters don't know that.
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What to Know About
Life in Portsmouth & Beyond
Portsmouth shares many of the great qualities that make Virginia a desirable place to live.
Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.
Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.
With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.
Rental Market Trends
Portsmouth, VA
As of November 2025, Portsmouth's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Portsmouth's average rent is 14.0% ($251) lower than the Virginia average of $1,798 and 13.8% ($248) lower than the U.S. average of $1,795.
Average Rent
$1,547
Monthly ChangeMonth Over Month Change
2.5% ($37)
Yearly ChangeYear Over Year Change
19% ($362)
Avg. Days on MarketAverage Days on Market
25
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,518 | 2.6% ($38) | 6.5% ($105) |
| 2 Beds | $1,732 | 5.1% ($84) | 8.2% ($154) |
| 3 Beds | $2,088 | 4.3% ($87) | 5.6% ($125) |
| Nearby Cities | Average Rent | Avg. Rent vs. PortsmouthAverage Rent vs. Portsmouth | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Norfolk | $1,844 | 19.2% ($297) | 27 days |
| Chesapeake | $1,882 | 21.7% ($335) | 26 days |
| Carrollton | $1,837 | 18.7% ($290) | 37 days |
| Hampton | $1,630 | 5.4% ($83) | 33 days |
| Suffolk | $1,909 | 23.4% ($362) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Portsmouth Rental Market FAQs
Explore rental prices, market trends, and availability in Portsmouth, VA.
The average rent in Portsmouth, VA is $1,547 per month.
Homes in Portsmouth typically rent for between $1,063 and $2,714 per month, with an average of $1,547 per month.
In Portsmouth, the average rent for a 1-bedroom home is $1,518 per month, for a 2-bedroom home, $1,732 per month, and a 3-bedroom home is $2,088 per month.
The average rent in Portsmouth is 13.8% ($248) lower than the national average of $1,795 per month.
The average rent in Portsmouth has increased by 2.5% ($37) in the last month and decreased by 19.0% ($362) over the past year.
The rental market in Portsmouth, VA, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Portsmouth, VA, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 66 rental properties available in Portsmouth, VA.
Based on the current averages, a household would need an annual income of $69,280 to comfortably afford a 2-bedroom home in Portsmouth.
