Rent in Portsmouth, VA
Across Portsmouth's 8 ZIP codes, a 2-bedroom typically rents for about $1,453 a month, with figures from $1,144–$1,667. The highest typical rent is in 23708 ($1,590) and the lowest in 23707 ($1,232). Owner-occupied homes in Portsmouth city pay about 1.04% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,340 | $1,160–$1,470 | 8 |
| 1 bed | $1,314 | $855–$1,488 | 8 |
| 2 beds | $1,453 | $1,144–$1,667 | 8 |
| 3 beds | $1,868 | $1,469–$2,298 | 8 |
| 4 beds | $2,455 | $1,333–$2,710 | 8 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Portsmouth ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Portsmouth, VA?
- About $1,453 a month: the median of the typical rents in 8 ZIP codes, which range from $1,144–$1,667. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Portsmouth, VA?
- About $1,314 a month: the median of the typical rents in 8 ZIP codes, which range from $855–$1,488. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Portsmouth, VA?
- About $1,868 a month: the median of the typical rents in 8 ZIP codes, which range from $1,469–$2,298. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Portsmouth, VA?
- About $1,340 a month: the median of the typical rents in 8 ZIP codes, which range from $1,160–$1,470. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Portsmouth, VA?
- About $2,455 a month: the median of the typical rents in 8 ZIP codes, which range from $1,333–$2,710. Figures are gross rent (rent plus tenant-paid utilities).
- Which Portsmouth ZIP code has the highest rent?
- For a 2-bedroom, 23708 has the highest typical rent at $1,590 a month, and 23707 the lowest at $1,232.
- What is the property tax rate in Portsmouth, VA?
- Owner-occupied homes in Portsmouth city pay a typical 1.04% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Portsmouth rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).