Understanding Annual Rental Fees for One Bedroom Apartments in Accra, Ghana
When considering an apartment in Accra, Ghana, one of the first questions that often comes to mind is the annual rental fee. The range of rental prices for a decent one-bedroom apartment in Accra can vary significantly, depending on several factors such as location, amenities, and overall desirability of the neighborhood.
Typical Rental Ranges in Accra, Ghana
As of the last update in August 2023, the annual rental fee for a decent one-bedroom apartment in Accra typically ranged from about 4,800 to 12,000 Ghana cedis (GHC). Central or more desirable neighborhoods tend to have higher rental prices, while more suburban areas generally have lower rates. For instance, some areas in Accra might offer one-bedroom apartments for as low as 300 to 700 GHC, while others could cost upwards of 1,000 to 3,600 GHC per month. These monthly rates can be converted to 3,600 to 10,800 GHC per year.
Factors Influencing Rent Prices
The location of the apartment plays a crucial role in determining its rental price. Central areas like East Legon, Amos American House, and other popular neighborhoods such as SunkAreas, provide amenities like security, proximity to key business areas, and social hubs, which often come at a higher cost. Additionally, the taste and preferences of the tenant can also influence the cost. For instance, a fully furnished apartment might cost around 50 to 100 GHC per night, whereas a less furnished apartment would be more affordable.
Types of One Bedroom Apartments in Accra
Crystal Clear Understanding:
A decent studio apartment typically ranges from 600 to 700 GHC per month.
A one-bedroom apartment with a kitchen and a sitting room costs about 300 GHC per month, which amounts to 3,600 GHC per year. However, some fully furnished apartments can cost anywhere from 60 to 1,300 GHC monthly, including furnished and non-furnished options.
Prices can range from 600 to 15,000 GHC for a one-bedroom apartment, which is approximately 60 to 1,300 USD in monthly payments. In some cases, fully furnished apartments can cost around 50 to 100 USD per night.
It is important to note that rental prices can fluctuate based on market conditions. For the most accurate and current information, checking local real estate listings or contacting rental agencies in Accra is advisable.
Important Considerations
When searching for an apartment in Accra, it is crucial to consider factors such as security. Some of the popular areas include East Legon, Spin Tex, and the Airport Residential area. Websites such as Houssey, PropertyGhana, and TroveGhana can provide detailed information and even show pictures of the places. It is recommended to visit the property before making any payments to ensure it meets your needs and preferences.
Welcome to Ghana! Enjoy your search for a suitable and affordable one-bedroom apartment in Accra.