Zumper
modified
47 Minutes Ago

Highlights

  • Pet Friendly
  • Open layout
  • Large closets
  • Closet space
  • Stainless-steel appliances
  • Large walk-in closet
  • Spacious living area

Location

303 Effingham St, Portsmouth, VA 23704, USA
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Contact

Management

Palomar Management Group, LLC

Leasing office

(757) 347-5955

Property Overview

Beacon 303 offers an impressive overall Zumper rating of 8.6, reflecting its competitive pricing and excellent amenities. With a spacious open layout, large closets, and stainless-steel appliances, the property stands out for its quality of living. Additionally, the prime location near top-rated schools, numerous restaurants, grocery stores, and fitness facilities enhances its appeal, making it a desirable option for those seeking convenience and an active lifestyle.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, Beacon 303 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Beacon 303 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby
  • High school nearby

Great for

  • Pet owners
  • Social life
  • Wellness

Floor plans

A11 bed1 bath604 sqft$1,140 /mo2 units availableModern 1 Bedroom, 1 Bathroom Apartment in the Heart of Downtown Portsmouth, VA Welcome to your new home in vibrant downtown Portsmouth! This stylish 1-bedroom, 1-bathroom apartment offers the perfect blend of comfort, convenience, and city living.
A1R1 bed1 bath604 sqft$1,310 /mo1 unit availableStep inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and Stainless-Steel appliances. This one-bedroom apartment also come with a large walk-in closet, porch and lots of natural light. Come enjoy living in Olde Town Portsmouth!
B12 bed1 bath872 sqft$1,350 /mo2 units availableStep inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and pantry. This two-bedroom apartment also come with lots of closet space, porch and lots of natural light. Come enjoy living in Olde Town Portsmouth!
B1R2 bed1 bath872 sqft$1,510 /mo1 unit availableStep inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and Stainless-Steel appliances. This two-bedroom apartment also come with large closets, porch and lots of natural light. Come enjoy living in Olde Town Portsmouth!
C13 bed2 bath1,026 sqft$1,650 /mo1 unit availableStep inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and pantry. This three-bedroom apartment also comes with a large walk-in closet, porch and two full bathrooms.
C2R3 bed2 bath1,122 sqft$1,830 /mo1 unit availableStep inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and pantry. This three-bedroom apartment also comes with a large walk-in closet, porch and two full bathrooms. Come enjoy living in Olde Town Portsmouth!

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Amenities for Beacon 303

Appliances

DishwasherGarbage Disposal
OvenRefrigerator
Stove

Building

Cats OKDogs OK
Fitness Center

Grounds

Dog ParkSwimming Pool
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1
Building details

Property details

Units148
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About Beacon 303

HomeApartments in Portsmouth Beacon 303

Step inside to discover an open layout with a spacious living area perfect for relaxing or entertaining. The kitchen is equipped with ample cabinet space and pantry. This three-bedroom apartment also comes with a large walk-in closet, porch and two full bathrooms.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Beacon 303 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Beacon 303 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Beacon 303
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Beacon 303 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Beacon 303 goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Beacon 303 receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Beacon 303 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Beacon 303 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Beacon 303 is great for:

Pet owners

  • 1 pet supply store near the property

Social life

  • Areas nearby are accessible by walking
  • 119 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • Diverse age groups live in this area

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • There are 10 grocery stores within 1 mile
  • On-site pool or spa

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Beacon 303 compares to other nearby properties.

Positives

More space
The 1-bedroom is 85 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.4 mile away
High school nearby
There is a high school 1 mile away
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Pet friendly
This property allows pets

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in Portsmouth

1-bedroom apartments here are priced 6% higher than 1-bedrooms in Portsmouth.

If you decide to upgrade your space, you can expect 2-bedrooms at Beacon 303 to be 3% more than the average for similarly sized apartments in Portsmouth.

3-bedroom apartments at Beacon 303 cost about 3% less than the average rent price for 3-bedroom apartments in Portsmouth.

Median rents as of Sep 13 2025.
Portsmouth
A table of 1-bedroom apartment rental data trends in Portsmouth
MonthMedian Rent
September 2023$1,199
October 2023$1,195
November 2023$1,211
December 2023$1,204
January 2024$1,224
February 2024$1,229
March 2024$1,257
April 2024$1,226
May 2024$1,249
June 2024$1,215
July 2024$1,269
August 2024$1,274
September 2024$1,228
October 2024$1,087
November 2024$1,070
December 2024$998
January 2025$1,175
February 2025$1,222
March 2025$1,242
April 2025$1,200
May 2025$1,191
June 2025$1,162
July 2025$1,126
August 2025$1,140
September 2025$1,153

Affordability calculator

Can I afford to live at 303 Effingham St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$49,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 1-bedroom median monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.

Schools near Beacon 303

Mount Hermon Preschool Center

3000 north st

portsmouth, VA, 23707

PKPublic

Olive Branch Preschool Center

415 mimosa rd

portsmouth, VA, 23701

PKPublic

Churchland Preschool Center

4061 river shore rd

portsmouth, VA, 23703

PKPublic
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Internet available near Beacon 303

Getting around Portsmouth near 303 Effingham St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 303 Effingham St, Portsmouth

Groceries

4/10
At least one grocery store within a 30-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

4/10
Limited amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 303 Effingham St

Food Lion
1503 London Blvd
Great Atlantic & Pacific Tea
707 7th St
Save & Save Supermarket
1000 7th St
Berkley Supemarket
201 E Berkley Ave
Watergate
637 E Olney Rd

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