Chemiresistive gas sensors (CGSs) have revolutionized the field of gas sensing by providing a low-power, low-cost, and highly sensitive means of detecting harmful gases. This technology works by measuring changes in the conductivity of materials when they interact with a testing gas. While semiconducting metal oxides and two-dimensional (2D) materials have been used for CGSs, they suffer from poor selectivity to specific analytes in the presence of interfering gases and require high operating temperatures, resulting in high signal-to-noise ratios. However, nanoporous materials have emerged as a promising alternative for CGSs due to their high specific surface area, unsaturated metal actives, and density of three-dimensional inter-connected conductive and pendant functional groups. Porous materials have demonstrated excellent response and recovery times, remarkable selectivity, and the ability to detect gases at extremely low concentrations. Herein, our central emphasis is on all aspects of CGSs, with a primary focus on the use of porous materials. Further, we discuss the basic sensing mechanisms and parameters, different types of popular sensing materials, and the critical explanations of various mechanisms involved throughout the sensing process. We have provided examples of remarkable performance demonstrated by sensors using these materials. In addition to this, we compare the performance of porous materials with traditional metal-oxide semiconductors (MOSs) and 2D materials. Finally, we discussed future aspects, shortcomings, and scope for improvement in sensing performance, including the use of metal-organic frameworks (MOFs), covalent-organic frameworks (COFs), and porous organic polymers (POPs), as well as their hybrid counterparts. Overall, CGSs using porous materials have the potential to address a wide range of applications, including monitoring water quality, detecting harmful chemicals, improving surveillance, preventing natural disasters, and improving healthcare.