Average Rent in Portsmouth, VA (2026)
Typical asking rent in Portsmouth is $1,604. Across the 5 ZIP codes with data it runs from $1,467 to $1,879, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Portsmouth
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 23703 | Portsmouth City | $1,879 | +17% |
| 23701 | Portsmouth City | $1,668 | +4% |
| 23704 | Portsmouth City | $1,604 | 0% |
| 23702 | Portsmouth City | $1,576 | -2% |
| 23707 | Portsmouth City | $1,467 | -9% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Portsmouth sits in the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Other Virginia cities
Would a rental in Portsmouth cash flow?
Start the analyzer with the Portsmouth median rent of $1,604 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.