Zumper
modified
Updated 7 Hours Ago

Highlights

  • Pet Friendly
  • Open layout
  • Large closets
  • Closet space
  • Stainless-steel appliances
  • Spacious living area
  • Stylish apartment

Location

303 Effingham St, Portsmouth, VA 23704, USA
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Tour Beacon 303

Contact

Management

Palomar Management Group, LLC

Leasing office

(757) 347-5955

Property Overview

Beacon 303 earns a strong overall impression with an 8.3 Zumper Expert Rating, supported by excellent marks for price, amenities, location, and trustworthiness. It offers an open layout, spacious living areas, large closets, and stainless-steel appliances, and is noted for social life, fitness and wellness, and pet-friendly conveniences, along with a high value per square foot and a nearby top-rated elementary school.

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

8.3
Very Good
With a solid 8.3 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
  • Fitness center

Great for

  • Pet owners
  • Social life
  • Wellness

Floor plans

A11 bed1 bath604 sqft$1,175 /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.
Renovated and Spacious 1BR In Downtown Portsmouth1 bed1 bath604 sqft$1,350 /mo1 unit available
B22 bed1 bath879 sqft$1,360 /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 two-bedroom apartment also come with lots of closet space, porch and lots of natural light.
B12 bed1 bath872 sqft$1,450 /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 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$1,575 /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 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!
RENOVATED Modern and Spacious 3BR/2BA In Downtown Portsmouth3 bed2 bath1,122 sqft$1,950 /mo1 unit available

Let's explore this property.

Amenities for Beacon 303

Appliances

DishwasherGarbage Disposal
OvenRange
RefrigeratorStove

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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units148

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 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!


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.
8.3
/10
Very Good
With a solid 8.3 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·9A 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 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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

  • This community has public spaces on site, like fitness centers or pools
  • 113 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • 28 theaters, music venues, or sports arenas nearby

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • On-site pool or spa
  • 16 parks nearby

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 122 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.4 miles away
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Pool
Enhanced community features

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Rent trends in Portsmouth

1-bedroom apartments here are priced 7% higher than 1-bedrooms in Portsmouth.

If you decide to upgrade your space, you can expect 2-bedrooms at Beacon 303 to be 5% more than the average for similarly sized apartments in Portsmouth.

3-bedroom apartments at Beacon 303 cost about 2% less than the average rent price for 3-bedroom apartments in Portsmouth.

Median rents as of Aug 29 2026.
Portsmouth
A table of studio rental data trends in Portsmouth
MonthMedian Rent
January 2026$900
August 2026$991

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

$50,500/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,500 annually to afford this 1-bedroom median monthly rent price of $1,262.
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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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

6/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

6/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

6/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some 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
Moderate amount of park space nearby

Nightlife

5/10
Variety of bars within a short drive

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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