Rent by ZIP · Portsmouth city
Rent in Portsmouth, VA 23701
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,520 (-3.8% vs FY2026). Renters in this ZIP code pay a median $1,305 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,340 | $1,380 | -2.9% | $1,206–1,474 | – |
| 1 bedroom | $1,360 | $1,390 | -2.2% | $1,224–1,496 | $1,161 ±$66 |
| 2 bedrooms | $1,520 | $1,580 | -3.8% | $1,368–1,672 | $1,272 ±$79 |
| 3 bedrooms | $2,100 | $2,190 | -4.1% | $1,890–2,310 | $1,472 ±$217 |
| 4 bedrooms | $2,470 | $2,580 | -4.3% | $2,223–2,717 | $1,395 ±$845 |
Small Area FMRs for the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, 2 bedrooms: $1,667.
What renters pay in 23701
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 23702 | Portsmouth | $1,430 | $1,180 |
| 23703 | Portsmouth | $1,590 | $1,385 |
| 23704 | Portsmouth | $1,560 | $1,275 |
| 23707 | Portsmouth | $1,320 | $1,144 |
| 23708 | Portsmouth | $1,590 | – |
| 23705 | Portsmouth | $1,500 | – |
Fair Market Rents across Portsmouth city, VA · All VA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.