Last updated
Average Rent in Portsmouth 23704 & Rent Trends
Rent prices and market trends across 7 apartment communities in Portsmouth 23704, Portsmouth, VA. Updated daily.
Market Average
$1,596/mo
▲ +6.3% from last month
Lowest Available
$1,117/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
18
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Portsmouth 23704 vs Portsmouth, VA Average
Portsmouth 23704 is cheaper than the Portsmouth, VA average by $358/mo (18%). The citywide average is $1,954/mo across all neighborhoods.
Is Rent Going Up or Down in Portsmouth 23704?
As of October 2026, the average rent in Portsmouth 23704 is $1,596 per month across 7 apartment communities and 18 available units. Rents have increased $95 (6.3%) over the past month.
The most affordable option is Victory Square Apartments starting at $1,117/mo. By unit type, a 1-bedroom averages $1,596/mo.
Prices range from $1,117 to $1,980 per month. The most common price point is the $1,600 range, where 9 units are currently listed.
Portsmouth 23704 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,621 | - | 7 |
| August 2026 | $1,624 | +$3 | 7 |
| September 2026 | $1,678 | +$54 | 7 |
| October 2026 | $1,694 | +$16 | 7 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Portsmouth 23704
Rent Prices by Apartment in Portsmouth 23704
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Victory Square Apartments | $1,117/mo | $1,117/mo | 1 | 4.4 |
| Montgomery Square | $1,199/mo | $1,299/mo | 2 | 4.4 |
| Beacon303 at Olde Towne Apartments | $1,350/mo | $1,350/mo | 1 | 2 |
| Harbor Vista | $1,500/mo | $1,544/mo | 4 | 4.5 |
| Nav850 | $1,661/mo | $1,724/mo | 8 | 2.9 |
| Sterling King Apartments | $1,711/mo | $1,711/mo | 1 | 3.4 |
| Harbor Tower Apartments | $1,980/mo | $1,980/mo | 1 | 4.2 |
Frequently Asked Questions About Rent in Portsmouth 23704
What is the average rent in Portsmouth 23704?
Is rent going up or down in Portsmouth 23704?
What is the cheapest apartment in Portsmouth 23704?
How much is a 1-bedroom apartment in Portsmouth 23704?
How many apartments are available in Portsmouth 23704?
What salary do I need to live comfortably in Portsmouth 23704?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$64,000/year
Based on the 30 percent rule, using our tracked average rent of $1,596/mo.
Comfortable income
$77,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,117/mo), you need to earn at least $45,000/year.
Median household income in Portsmouth 23704 is $58,972 , about 23% below the comfortable-living threshold.
Cost of living in Portsmouth 23704
Overall prices in Portsmouth 23704 runs below the national average by about 2% (BEA Regional Price Parity index 97.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Portsmouth 23704's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,596 |
| Utilities | $420 |
| Groceries | $524 |
| Transportation | $1,001 |
| Healthcare | $488 |
| Other goods and services | $781 |
| Estimated total | $4,811/mo |
Population
97,299
Median household income
$58,972
Census median rent
$1,266/mo
Census rent burden
34.5%
Median age
35.8
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Portsmouth 23704 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Portsmouth 23704 Apartments
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