Cost of Renting 2 & 3 Bedroom in Accra

Accra, is an interesting metropoils with a diverse range of cultures and activities. One of the most important aspects of living in Accra is finding a place to call home.

Whether you are a student, young professional, or family, finding the perfect rental can be a difficult task.

In this article, we will give you a brief overview of the cost of renting 2 & 3 bedroom apartments in Accra as well as factors that affect their prices.

Average Cost of Renting 2 & 3 Bedroom Apartments in Accra

2 Bedroom Apartments

Accra has a wide range of 2 bedroom apartments available for rent, with prices varying depending on the location, amenities and condition of the apartment.

On average, a 2 bedroom apartment in a decent location in Accra will cost you between GHS 1,500 and GHC 2,500 per month.

This price range is subject to change based on a variety of factors, such as distance from the city center, proximity to amenities, and the age of the building.

If you’re looking for a more luxurious 2 bedroom apartment, you can expect to pay anywhere between GHS 3,000 and GHS 6,000 per month.

These apartments usually feature high-end finishes and amenities such as swimming pools, gyms, and 24-hour security.

3 Bedroom Apartments

Accra also has a variety of 3 bedroom apartments available for rent. On average, a 3 bedroom apartment in Accra will cost you between GHC 2,500 and GHC 6,000 per month.

If you are looking for a more luxurious 3 bedroom apartment, you can expect to pay anywhere between GHC 6,500 and GHC 9,000 per month.

These apartments often feature high-end finishes and amenities such as swimming pools, gyms, and 24-hour security.

Factors that affect the Cost of Renting 2 & 3 Bedroom in Accra

1. Location

Areas such as East Legon, Cantonments, and Airport Residential are among the most expensive parts of the city, while prices tend to be more affordable in neighborhoods such as Achimota, Madina, and Adenta.

2. Property Type

Apartments in high-rise buildings with amenities such as swimming pools, gyms, and 24-hour security are likely to be more expensive than standalone houses or apartments in smaller buildings.

3. Size

Larger apartments are more expensive than smaller ones. Most 2- and 3-bedroom apartments in Accra range from 60 to 120 square meters, with prices varying significantly depending on the specific location and property type.

4. Age and Condition of Property

Newer buildings or those that have been recently renovated are likely to command higher rental prices than older, more run-down properties. Properties with modern amenities such as air conditioning and high-speed internet are more expensive than those without.

5. Demand

During times when there is a high demand for rental properties, prices tend to increase. During the holiday season or at the start of the academic year when many students are looking for accommodation, prices may be higher than at other times of the year.

Conclusion

The cost of renting 2 and 3 bedroom apartments in Accra can be quite expensive, especially in prime areas. With careful research and negotiation, it is possible to find affordable options.

It is also important to consider factors such as location, security, and amenities when making a decision on where to rent. The decision to rent a 2 or 3 bedroom apartment in Accra should be made based on individual needs and budget.