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Studio Apartments for Rent in Portsmouth, VA

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  • /55

    Starting at $1,357 Plus Fees

    • Studio - 2 Beds

    1140 London Blvd, Portsmouth, VA 23704

    The Quarters at Park View in Downtown Portsmouth, VA offers a great residential environment, upscale amenities, and superb service for our residents. Our thoughtfully designed apartment homes and sleek modern finishes all create an environment you will feel proud to call home.

    The Quarters at Park View

    (757) 972-7731

    1140 London Blvd, Portsmouth, VA 23704
  • /24

    $2,099 Plus Fees

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Chesapeake - Churchland Blvd.

    3214 Churchland Blvd, Chesapeake, VA 23321

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Chesapeake - Churchland Blvd.

    (757) 835-3869

    3214 Churchland Blvd, Chesapeake, VA 23321

Why Live in Portsmouth

Portsmouth's historic Olde Towne district showcases 18th-century architecture alongside the Elizabeth River waterfront, where residents enjoy scenic walks along the seawall. The city's maritime heritage comes alive at the Portsmouth Naval Shipyard Museum and Lightship Portsmouth Museum, both National Historic Landmarks. Families frequent the Children's Museum of Virginia for interactive exhibits, while nature lovers explore Paradise Creek Nature Park and Hoffler Creek Wildlife Preserve. The Art Deco Commodore Theatre provides a unique movie-going experience, and the Atlantic Union Bank Pavilion hosts waterfront concerts. Local dining highlights include Still Worldly Eclectic Tapas for international small plates, The Bier Garden for authentic Bavarian cuisine, and Mannino's Italian Bistro for traditional family recipes.

The housing market spans multiple price points across distinct neighborhoods. The median sale price in Portsmouth is $268,000. Churchland commands the highest median single-family home prices at $340,000, while Cradock presents more affordable options at $239,900. Olde Towne Portsmouth features condos with median prices of $155,000 for one bedroom units and $252,500 for two bedrooms.

Portsmouth's property tax rate of 1.07% sits higher than nearby Norfolk at 1.01% and Chesapeake at 0.82%. The Virginia state income tax rate is 5.75% for yearly salaries of $44,901, with a combined sales tax rate of 5.77%.

The Williams School, rated A+ by Niche, serves multiple neighborhoods including Park View and Port Norfolk. Portsmouth Catholic Regional School, rated A, provides private education across several areas including Churchland and Cavalier Manor. Western Branch High School, rated A-, serves public school students in the Cavalier Manor area.

Transportation options include the Elizabeth River Ferry to Norfolk, Hampton Roads Transit bus service, and Interstate 264 access. Virginia Beach lies 20-25 miles away, typically a 30-40 minute drive depending on traffic conditions.

Frequently Asked Questions

How much does it cost to rent a home in Portsmouth, VA?
The median rent for a home in Portsmouth, VA is $1,797 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Portsmouth, VA?
To comfortably afford the median rent in Portsmouth, VA, a household needs to earn roughly $71,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,797 per month in Portsmouth, VA, renters typically need to show $5,391 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Portsmouth, VA?
In Portsmouth, VA, the price-to-rent ratio is 12.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Portsmouth, VA

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,797
Median Single Family Home Rent
$1,999
Median Townhouse Rent
$1,500
Median Condo Rent
$1,200
How to Rent a Home