Cost of Renting an Apartment in Accra, Ghana (2024)
Accommodation is one of the essential needs of mankind. However, getting a good apartment comes at a price. A lot of people would want to know the cost of renting an apartment in Accra, Ghana.
With over 2,605,402 people, Accra is the capital and most populous city in Ghana. It is also the commercial hub of the country. Just like in every major city, the accommodation and housing are barely enough to cater to the entire population.
Some of the houses in Accra are for the highest bidders. Houses in residential areas such as Cantonment, Trasacco valley, East Legon, Airport, Labone, and Spintex can be expensive.
Having said that, in this article, we will highlight the average cost of renting an apartment in Accra, Ghana.
READ ALSO: How to Start a Real Estate Business in Ghana.
Contents
Factors Influencing the Cost of Rents in Accra, Ghana
The cost of rent in Accra is influenced by a number of factors which are very similar in all cities. Some of the major factors that determine the cost of house rents in Accra, Ghana are listed below.
1. Location – Just like every city in the world, we have areas where the rich lives and areas where the not-so-rich lives as well. Therefore, the cost of house rent in such areas will differ considerably. In Accra, houses in areas such as Cantonment, Trasacco valley, East Legon, Airport Residential Area, North Ridge, Labone, Dzorwulu, and Spintex are usually expensive.
2. Type of Apartment – The kind of apartment also determines the price of house rent in Accra. For instance, the cost of 3 3-bedroom apartment differs from that of a 2-bedroom apartment. Also, the cost of a service apartment is different from that of a duplex or cottage in Accra.
3. Facilities – Also, the facilities in the apartment also affect the cost of the rent. Houses with modern facilities and more expensive than those with old facilities.
4. Furnished Apartment – These are apartments that are already furnished for intended tenants. All you need to do is to move in. They are actually more expensive than other types of apartments.
Average Cost of Renting a House in Accra, Ghana
Below is the average cost of house rent in Accra, Ghana. You should keep in mind that the average cost might differ from what you get from your real estate agent.
Cost of Renting Self-Contained Apartment in Accra, Ghana
The cost of renting a self-contained apartment differs considerably depending on the location and the nature of the property.
Renting a self-contained apartment in Accra, Ghana costs between GH₵ 600 to GH₵ 1,500 per month.
Cost of Renting 1 Bedroom Apartment in Accra, Ghana
The cost of renting a one-bedroom apartment differs considerably depending on the location and the nature of the property.
For an unfurnished one-bedroom apartment, it cost between GH₵ 1,000 to GH₵ 5,000 per month. Furnished apartments are generally more expensive as the cost ranges between GH₵ 3,000 to GH₵ 15,000 per month.
Cost of Renting 2 Bedroom Apartment in Accra, Ghana
An unfurnished two-bedroom apartment costs between GH₵ 3,000 to GH₵ 8,000 per month. Furnished apartments are generally more expensive as the cost ranges between GH₵ 5,000 to GH₵ 17,000 per month.
Cost of Renting 3 Bedroom Apartment in Accra, Ghana
An unfurnished three-bedroom apartment costs between GH₵ 6,000 to GH₵ 18,000 per month. Furnished apartments are generally more expensive as the cost ranges between GH₵ 7,000 to GH₵ 40,000 per month.
Cost of Renting 4 Bedroom Apartment in Accra, Ghana
An unfurnished three-bedroom apartment costs between GH₵ 10,000 to GH₵ 27,000 per month. Furnished apartments are generally more expensive as the cost ranges between GH₵ 15,000 to GH₵ 50,000 per month.
Conclusion
As earlier mentioned the cost of renting a house in Accra, Ghana varies considerably depending on several factors such as location and the type of apartment. Most property developers now provide furnished apartments which makes relocation easier.
