How Expensive Are Apartments in Accra? Full Pricing Guide

Looking for an apartment in Accra? Learn about the cost of renting and buying apartments in different locations across the city.

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How Expensive Are Apartments in Accra? Full Pricing Guide
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The cost of apartments in Accra, Ghana, varies based on location, size, amenities, and whether the unit is furnished or unfurnished. Prices can range from affordable housing in suburban areas to high-end luxury apartments in prime locations like Cantonments, East Legon, and Airport Residential.

How Much Does It Cost to Rent an Apartment in Accra?

1. Average Monthly Rent in Accra

The rental price of an apartment in Accra depends on its size and location.

Apartment Type Average Monthly Rent (GHS) Price Range (GHS)
Studio Apartment 1,500 – 3,500 800 – 5,000
One-Bedroom Apartment 2,500 – 5,000 1,500 – 8,000
Two-Bedroom Apartment 3,500 – 7,000 2,500 – 12,000
Three-Bedroom Apartment 5,000 – 12,000 3,500 – 20,000
Luxury & Furnished Apartments 8,000 – 18,000+ 5,000 – 30,000

Note: Furnished apartments typically cost more than unfurnished units.

2. Rental Costs by Location

Premium locations like Cantonments, East Legon, and Airport Residential have higher rental prices, while Spintex, Achimota, and Kasoa offer more affordable options.

Location Average Rent (GHS/month)
Cantonments & Airport Residential 8,000 – 20,000+
East Legon & Ridge 5,000 – 15,000
Dzorwulu & Labone 4,500 – 12,000
Spintex & Achimota 2,500 – 7,000
Tema & Adenta 2,000 – 5,000

How Much Does It Cost to Buy an Apartment in Accra?

1. Average Apartment Purchase Prices

Buying an apartment in Accra depends on size, location, and property type.

Apartment Type Average Purchase Price (GHS) Price Range (GHS)
Studio Apartment 500,000 – 1,200,000 350,000 – 2,000,000
One-Bedroom Apartment 600,000 – 1,500,000 400,000 – 2,500,000
Two-Bedroom Apartment 900,000 – 2,500,000 600,000 – 4,000,000
Three-Bedroom Apartment 1,500,000 – 3,500,000 800,000 – 5,500,000
Luxury & Penthouse Apartments 3,000,000 – 6,000,000+ 2,500,000 – 10,000,000

2. Cost Per Square Meter

  • Mid-range apartments: GHS 3,000 – GHS 9,000 per sqm
  • Luxury apartments: GHS 10,000 – GHS 25,000 per sqm

Factors That Affect Apartment Prices in Accra

Location – Prime areas like Cantonments, Ridge, and East Legon cost more.
Furnishing – Furnished apartments are priced higher than unfurnished ones.
Amenities – Apartments with swimming pools, gyms, and 24/7 security have higher rents and selling prices.
New Developments vs. Older Units – Newly built apartments are often more expensive than older properties.

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