Renting an Apartment in Ghana: How Much Does It Cost?

Compare the costs of renting apartments in Ghana and find out where you can live for a fair price.

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Renting an Apartment in Ghana: How Much Does It Cost?
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Renting an Apartment in Ghana: How Much Does It Cost?

Rental property in Ghana is a hot market as more foreigners are seeking to invest in the country. But before you rush to rent an apartment, you need to know how much it will cost to get one.

Ghana is a bargain-hunters paradise. So, instead of renting an apartment, you can rent a house instead. A furnished house is usually more affordable than an unfurnished apartment. When looking for a house to rent, look for a place that is bigger than your family needs. Also, make sure that your landlord does not live in the same building as you.

If you plan on living in an apartment, you need to do your research thoroughly. Research the market to find the right apartment for you. Here’s everything you need to know about renting an apartment in Ghana.

 

Types of Apartments in Ghana

There are two types of apartments in Ghana. One is a ground-level apartment and the other one is a basement apartment. The ground-level apartment usually has a parking space and access to a garden while the basement apartment has a common area such as a backyard.

Out of all the types of apartments, the basement apartment is the most popular option among expatriates. The reason behind this is that it is usually cheaper and has many added benefits such as a garden, common area and a roof. So, if you are looking for an apartment that’s relatively cheaper and comes with added benefits, a basement apartment is the way to go.

 

How to Find an Apartment in Ghana

You can easily find an apartment for rent in Ghana. All you need to do is visit real estate listings in your local newspaper, on online real estate platforms, and on apartment-finding websites.

Most apartment-finding websites let you search by location and by type of property. You can also go to the local real estate office in your country and inquire about the latest listings.

If you are looking for a furnished apartment, you can also try visiting the websites and listings of Real Estate Investment Trusts (REITs). These are companies that invest in real estate and rent out their properties.

 

How Much Does it Cost to Rent an Apached in Ghana?

The cost of renting a ground-level apartment in Ghana starts from $385 per month. If you are looking for a furnished apartment, the price tag is usually higher. A furnished ground-level apartment will cost you $450 per month while a furnished basement apartment costs $575 monthly.

As far as furnished apartments are concerned, the price tag usually starts from $450 monthly. The price of a furnished basement apartment is usually $575 per month. If you are looking for a furnished house, you should expect to spend anywhere between $950 and $1,400 each month.

 

How to Get a Loan for Rental Property in Ghana

Apartments in Ghana are rented through a few different methods. The most common is to rent the apartment out and turn it into a hotel when you don’t use it. Another popular way is to lease the apartment and the land underneath. However, these methods aren’t so easily accessible in some countries. To lease the land underneath the apartment and turn it into a hotel, you need to have a special type of lease with the government.

This is because the government requires you to use the land underneath the apartment for commercial purposes. If you want to lease the land and turn into a hotel, you need to obtain a building permit.

 

Things to Consider Before Renting an Apached in Ghana

- Location - The location of your rented apartment is very important. The best thing to do is to rent an apartment in a popular location. You can easily find popular neighborhoods online.

- Your Budget - The rental price is only one of the factors that determine the price of renting an apartment in Ghana. The other factors are the cost of utilities, the availability of parking space, and the maintenance of the building. So, if you want to save on these expenses, you should opt for a furnished ground-level apartment.

- Your Financial Situation - Another thing you need to consider before renting an apartment is whether you can afford it. This is because renting an apartment in Ghana is expensive and you need to have a certain amount of money to cover the monthly payments.

 

Where to Look for Apartments for Rent in Ghana

You can easily find an apartment for rent in Ghana. All you need to do is visit real estate listings in your local newspaper, on online real estate platforms, and on apartment-finding websites.

Most apartment-finding websites let you search by location and by type of property. You can also go to the local real estate office in your country and inquire about the latest listings.

 

Final Words: Is Rental Property the Best Option for You?

It all depends on your budget and whether you are comfortable with renting. Renting an apartment in Ghana is affordable if you are willing to spend a little more on utilities and maintenance. If you are looking for a place to stay in Ghana, you should rent an apartment. Apartments in Ghana are available for rent and renting will save you money in the long run. Apartments in Ghana are the best option for expatriates because they are affordable, comfortable, and come with added benefits. You can easily find an apartment for rent in Ghana online. You can also visit real estate websites, look at listings, and contact landlords to find an available apartment. If you are renting, make sure that the location, budget, and utilities are right for you. Renting an apartment in Ghana is a great option, but you need to spend some time and effort in finding the right one for you.