Downtown Portsmouth

Portsmouth, VA

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Downtown Portsmouth - Portsmouth, VA

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A charming, historic seaport home to a close-knit community

Waterfront Historic Restaurants Urban Seaport

Known as Olde Towne, Downtown Portsmouth is a quaint, historic seaport and downtown district in the city of Portsmouth. From three centuries of historic neighborhoods to delicious local restaurants, this neighborhood offers a true sense of small-town charm. From the Bier Garden to Five Boroughs Restaurant, there are plenty of taverns, pubs, and cantinas to choose from. You’ll find residents and visitors alike antiquing, enjoying the local art, and visiting one of the many museums in town. The Portsmouth Naval Shipyard Museum, Children’s Museum of Virginia, Lightship Portsmouth Museum, and the Railroad Museum of Virginia are just a few of the historic treasures around town. Farmers markets, neighborhood parks, and cultural centers await in this close-knit community.

Rent Trends

As of March 2025, the average apartment rent in Downtown Portsmouth is $1,302 for a studio, $1,435 for one bedroom, $1,616 for two bedrooms, and $942 for three bedrooms. Apartment rent in Downtown Portsmouth has increased by 3.8% in the past year.

  • Studio

  • 655 sq ft

    Average Sq Ft

  • $1,302/month

    Average Rent

  • 1 BR

  • 741 sq ft

    Average Sq Ft

  • $1,435/month

    Average Rent

  • 2 BR

  • 1,051 sq ft

    Average Sq Ft

  • $1,616/month

    Average Rent

  • 3 BR

  • 1,096 sq ft

    Average Sq Ft

  • $942/month

    Average Rent

Transportation

86

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

49

Good Transit

out of 100 TransitScore® Rating

The area around this property has good transit with many nearby transportation options.

57

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Points of Interest

Parks and Recreation

  • Children's Museum of Virginia
  • Nauticus
  • Fred Heutte Center
  • Virginia Zoo
  • Chesapeake Arboretum

Commuter Rail

Airports

  • Norfolk International
  • Newport News/Williamsburg International

Top Apartments in Downtown Portsmouth

Houses for Rent in Downtown Portsmouth

Property Management Companies

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.