Rental market trends for
Portsmouth, VA
The average rent price in Portsmouth was $1,479 last month, up $3 month over month.
Median rent
Month-over-month change
Average rent in Portsmouth
In May 2025, Portsmouth rental prices increased $3 compared to last 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% |
| Cavalier Manor | $1,625 | +14.24% |
| Downtown Norfolk | $1,740 | -3.12% |
| Colonial Place | $1,625 | -30.78% |
| Ghent Square | $2,175 | -22.32% |
| Port Norfolk | $1,175 | -11.32% |
| South Norfolk | $1,695 | -5.78% |
Average rent of nearby cities
Here's how Portsmouth's average rent of $1,479 compares to nearby cities.
More resources for Portsmouth
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| Condos for rent in Portsmouth | Rental listings in Portsmouth | ||
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