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.
As of August 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 13.8% ($247) lower than the Virginia average of $1,792 and 13.7% ($245) lower than the U.S. average of $1,790.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,470 | 4.5% ($70) | 18.9% ($234) |
| 2 Beds | $1,700 | 7% ($128) | 18.4% ($264) |
| 3 Beds | $2,080 | 6% ($132) | 23.4% ($395) |
| Nearby Cities | Average Rent | Avg. Rent vs. PortsmouthAverage Rent vs. Portsmouth | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Norfolk | $1,890 | 22.3% ($345) | 27 days |
| Chesapeake | $1,765 | 14.2% ($220) | 26 days |
| Carrollton | $1,771 | 14.6% ($226) | 37 days |
| Hampton | $1,667 | 7.9% ($122) | 33 days |
| Suffolk | $1,892 | 22.5% ($347) | 38 days |
Explore rental prices, market trends, and availability in Portsmouth, VA.
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