How Much Does a Studio Apartment Cost in Accra?

This article provides an overview of the pricing for apartments and homes in the city of Accra.

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How Much Does a Studio Apartment Cost in Accra?
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How Much Does a Studio Apartment Cost in Accra?

 

 

For those coming to Ghana for work or school, or those simply looking for a change of pace, Accra is an ideal place to live. It’s one of the most affordable major cities in Africa and is quickly becoming an even more appealing place to live as the city becomes more accessible and safer. With many people moving to Accra from outside the city and tourism on the rise, there are many new apartments available with different amenities. Whether you’re looking for a cheap studio apartment or something slightly larger with a few more amenities, there are many options available. Let’s take a look at how much renting a studio apartment in Accra will cost you.

 

 

What is the average price of a studio in Accra?

The average cost of renting a studio apartment in Accra is about $450 per month. As with any major city, the cost will vary depending on where you live. Accra is a very large city, so trying to pinpoint a specific average rent is a little tricky. If you’re looking for an average rent, you may be better off searching for a few available listings in your desired part of the city. Generally, you can expect to pay more for a studio apartment in Accra if you’re looking for a brand new place. While there are a few smaller, older buildings in the city, most new buildings are upscale and charge higher rent. Depending on where you live and how many amenities your building has, you may pay anywhere between $500 and $1,000 per month.

 

What’s included in your rent?

Rent should cover the cost of the building and utilities, like water and electricity. It will also cover the cost of common areas, like the laundry room or gym. But there may be additional fees depending on what building you rent in. If you’re renting an older building, expect additional fees and service costs. These buildings may not have air conditioning, and they may be less secured than newer buildings. Newer buildings, on the other hand, will have most amenities included in your rent. That may include a gym, 24/7 security and utilities, like water and electricity, that run on a central system instead of individual meters. If you’re looking to live in one of the newer buildings, it may be worth it to pay a higher rent for the added amenities. Some buildings have pools and other added benefits you may not get if you decide to rent an older building.

 

How much will you pay in addition to your monthly rent?

There are a few additional costs you can expect when you rent an apartment in Accra. If you’re renting an older building, it’s common that you pay a fee to the building manager. That will cover things like the cost of utilities and repairs to the building. Newer buildings, on the other hand, may charge you a flat fee for utilities, like electricity, water and internet. You can expect to pay about $100 for utilities in a newer building. Condo buildings may also charge a fee for maintenance and repairs to the building. You can also expect to pay a security deposit. This will be one month’s rent and is standard in most buildings. The security deposit is put toward any repairs to the building and is returned to you when you move out.

 

Other costs to keep in mind

Like anywhere else, you should expect to pay a small fee for internet and utility bill payments. Depending on the building you rent in, you may also be charged a fee for parking. If you plan to have guests stay with you, you may need to pay an additional fee to the landlord. This is more common in older buildings, which may not be as well equipped to handle additional guests. If you’re planning to rent a condo or apartment in one of the more desirable neighborhoods, like Labone, you can expect to pay a higher rent. You should also expect to pay more if you’re looking for a furnished apartment or one with a few key amenities, like air conditioning or a pool.

 

Final Thoughts

For many, Accra is an ideal place to live. It’s quite affordable compared to other major cities, like New York or London. With the added bonus of having year-round tropical weather, it’s easy to see why people choose to live in Accra. The cost of living in Accra is much lower than in other major cities around the world, with rent being one of the biggest differences. If you’re looking to rent a studio apartment in Accra, you can expect to pay about $450 per month. Depending on the building you rent in, it may also cost you a security deposit and a few additional fees, including utilities payments and a fee for parking. If you’re looking to move to Accra, know that the cost of living is lower here and you’re likely to find a studio apartment for a lower price than you may be used to paying in other major cities.