Low Income Apartments and Affordable Housing For Rent in Portsmouth, VA

Discover affordable housing in Portsmouth where there are 42+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Ansell Gardens Apartments

301 Ansell Ave STE D , Portsmouth, Virginia 23702

Southside Gardens

707 7th Street, Portsmouth, Virginia 23704

Silvertree Seniors of Portsmouth

715 Madison St, Portsmouth, Virginia 23704

Whispering Oaks

2500 Oakleaf Pl, Portsmouth, Virginia 23707

Marsh Landing Apartments

3817 George Washington Hwy , Portsmouth, Virginia 23702

Cross Creek

2542-B Bird Ln, Portsmouth, Virginia 23702

London Oaks

2680 High St, Portsmouth, Virginia 23707

Malvern Hill

426 King St, Portsmouth, Virginia 23704

Victory Village Apartments

2304 Victory Blvd, Portsmouth, Virginia 23702

Crescent Place

2804 Turnpike Rd, Portsmouth, Virginia 23707

Independence Square Apartments

5120 George Washington Hwy, Portsmouth, Virginia 23702

Woodland Street

12 Woodland Street, Portsmouth, Virginia 23702

Mount Hermon Elderly

2400 Cutherell St, Portsmouth, Virginia 23707

Shea Terrace Senior Apartments

253 Constitution Ave , Portsmouth, Virginia 23704

Peake Lane Group Home

5100 Peake Ln, Portsmouth, Virginia 23703

Ross Court Group Home

6 Ross Ct, Portsmouth, Virginia 23701

Southampton Arch Group Home

4603 Southampton Arch, Portsmouth, Virginia 23703

Stone Ridge Apartments

6200 Hightower Road, Portsmouth, Virginia 23703

Seaboard Square I

2849 Turnpike Rd, Portsmouth, Virginia 23707

Seaboard Square II

2941 Turnpike Rd, Portsmouth, Virginia 23707

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Portsmouth, Virginia
$28.28/hour
$16.28 (+136%) more than Virginia minimum wage and $21.03 (+290%) more than the Federal minimum wage.
Learn More About Portsmouth, Virginia Affordable Housing ↓

What HUD offices serve Portsmouth, Virginia?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Portsmouth, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Portsmouth.

How many renters live in Portsmouth, Virginia?

The City of Portsmouth has 97,029 people living in 40,178 households.

There are 39,127 renters living in 16,491 renter households in this City. Renters make up 40.33 percent of the population living in Portsmouth.

What is the rental market like in Portsmouth, Virginia?

There are an estimated 43,096 housing units in the Portsmouth area. Of these, 18,095 units are rental homes, making up 42 percent of the housing market. For every renter household in Portsmouth, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Portsmouth?

The rental vacancy rate in Portsmouth is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Portsmouth for each bedroom size?

Occupied Rental Units by Size in Portsmouth
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
368 3,001 8,181 4,703 729
Occupied Rental Units by Size in Portsmouth

A large number of apartments in Portsmouth have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Portsmouth are overburdened by housing costs?

Among renter households in this market, 62 percent have housing cost burden. Further, 33 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Portsmouth

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,279 to $2,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,279
One BR $1,287
Two BR $1,493
Three BR $2,079
Four BR $2,532
2024 Fair Market Rents in Portsmouth, Virginia

How many units are rented at Fair Market Rent (FMR) in Portsmouth?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 260 71 percent
One BR 2,141 71 percent
Two BR 7,045 86 percent
Rental Units Below FMR in Portsmouth, Virginia

How many affordable rental units are in Portsmouth?

There are a variety of federal affordable housing programs serving households in Portsmouth, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 3,258
Public Housing 563
Section 8 Project-Based Rental Assistance 750
Section 811 Supportive Housing for Persons with Disabilities 19
Tracked Units by Federal Program in Portsmouth, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Portsmouth, Virginia

Portsmouth features 1,712 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Portsmouth, Virginia

There are 2,298 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portsmouth.

Housing Choice Vouchers in Portsmouth, Virginia

On average, Section 8 Housing Choice vouchers pay Portsmouth landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Portsmouth.

The maximum amount a voucher would pay on behalf of a low-income tenant in Portsmouth, Virginia for a two-bedroom apartment is between $1,344 and $1,642.

Sourced from federal housing data and AffordableHousingOnline.com research.