Rental market trends for
Portsmouth, VA
The average rent price in Portsmouth was $1,431 last month, down $45 month over month.
Median rent
$1,431
Month-over-month change
−$45
Average rent in Portsmouth
In December 2024, Portsmouth rental prices decreased $45 compared to last month.
$1,431
-3.05% month over month
Median rent of neighborhoods in Portsmouth
Neighborhood | Median rent | MoM (% change) |
---|---|---|
Ghent | $1,500 | +15.83% |
Western Branch | $1,945 | -2.75% |
Larchmont-Edgewater | $2,500 | -3.66% |
West Ghent | $1,197 | -17.41% |
Downtown Norfolk | $1,740 | -3.12% |
Ghent Square | $2,175 | -22.32% |
Colonial Place | $1,625 | -30.78% |
Port Norfolk | $1,175 | -11.32% |
South Norfolk | $1,695 | -5.78% |
Cavalier Manor | $1,625 | +14.24% |
Olde Towne | $1,125 | -6.25% |
Last updated: 01/09/2025
Average rent of nearby cities
Here's how Portsmouth's average rent of $1,431 compares to nearby cities.
Last updated: 01/09/2025
More resources for Portsmouth
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