Cost of Renting an Apartment in Accra – Prices & Insights

Accra’s rental market offers a variety of options, from luxury apartments in prime areas to budget-friendly housing in emerging neighborhoods. Whether you are a local resident, expatriate, or investor, understanding rental prices is essential when searching for an apartment.

This guide provides a detailed breakdown of rental costs in Accra, categorized by location, apartment size, and amenities.

Average Cost of Renting an Apartment in Accra

The cost of renting an apartment in Accra varies significantly depending on the neighborhood, apartment size, and facilities available. Below is a general overview of rental prices across different areas.

Luxury Areas (Cantonments, Airport Residential, Labone, East Legon)

These neighborhoods are known for their high-end apartments, modern designs, and premium amenities.

• Studio Apartment: $500 – $1,500 (GHS 6,000 – GHS 18,000) per month
• 1-Bedroom Apartment: $700 – $2,000 (GHS 8,400 – GHS 24,000) per month
• 2-Bedroom Apartment: $1,500 – $3,500 (GHS 18,000 – GHS 42,000) per month
• 3-Bedroom Apartment: $2,500 – $5,500 (GHS 30,000 – GHS 66,000) per month
• 4-Bedroom Apartment: $3,500 – $7,500 (GHS 42,000 – GHS 90,000) per month

Mid-Range Areas (Osu, Spintex, Achimota, Adenta, Tesano)

These locations offer a balance between affordability and convenience, with gated communities and good infrastructure.

• Studio Apartment: $300 – $800 (GHS 3,600 – GHS 9,600) per month
• 1-Bedroom Apartment: $400 – $1,200 (GHS 4,800 – GHS 14,400) per month
• 2-Bedroom Apartment: $800 – $2,000 (GHS 9,600 – GHS 24,000) per month
• 3-Bedroom Apartment: $1,200 – $3,000 (GHS 14,400 – GHS 36,000) per month
• 4-Bedroom Apartment: $2,000 – $4,500 (GHS 24,000 – GHS 54,000) per month

Affordable Areas (Madina, Dansoman, Kasoa, Ashaley Botwe, Teshie)

These neighborhoods provide cost-effective rental options for individuals and families looking for budget-friendly housing.

• Studio Apartment: $100 – $400 (GHS 1,200 – GHS 4,800) per month
• 1-Bedroom Apartment: $150 – $600 (GHS 1,800 – GHS 7,200) per month
• 2-Bedroom Apartment: $300 – $1,000 (GHS 3,600 – GHS 12,000) per month
• 3-Bedroom Apartment: $500 – $1,500 (GHS 6,000 – GHS 18,000) per month
• 4-Bedroom Apartment: $800 – $2,500 (GHS 9,600 – GHS 30,000) per month

Most landlords in Accra require tenants to pay one to two years' rent upfront, but some properties now offer monthly or quarterly payment plans.

Factors That Affect the Cost of Renting an Apartment in Accra

1. Location – Apartments in prime areas like Cantonments and Airport Residential are more expensive due to their infrastructure, security, and accessibility.
2. Amenities and Facilities – Properties with swimming pools, gyms, elevators, backup power, and 24-hour security come at a premium.
3. Furnished vs. Unfurnished – Fully furnished apartments can cost 20-40% more than unfurnished ones.
4. Proximity to Business Districts – Areas closer to business hubs, shopping centers, and major roads tend to have higher rental prices.
5. Property Age and Condition – Newly built apartments with modern designs often come at a higher price compared to older buildings.

Budgeting Tips for Renting an Apartment in Accra

✔ Compare Listings – Use Apartments.com.gh to explore different rental options before making a decision.
✔ Negotiate Payment Terms – Some landlords may offer discounts for bulk payments or flexible payment plans.
✔ Consider Alternative Locations – If your budget is limited, explore mid-range and affordable neighborhoods with good infrastructure.
✔ Review Lease Agreements Carefully – Understand the terms and conditions before signing a rental contract.

How Apartments.com.gh Can Help You Find the Best Rental Apartment in Accra

Apartments.com.gh provides verified listings for a wide range of apartments in Accra. The platform offers:

• Advanced search filters to find apartments based on budget, location, and amenities.
• Direct contact with landlords and agents for better negotiation.
• Flexible payment plan options for selected properties.

Visit Apartments.com.gh today and find the perfect rental apartment in Accra.

Conclusion

The cost of renting an apartment in Accra depends on location, apartment size, and amenities. Whether you are looking for a luxury apartment or an affordable rental, understanding rental trends will help you make an informed decision.

Start your apartment search today on Apartments.com.gh and discover the best rental options in Accra.