Renting an apartment in Abuja, Nigeria’s capital city, can be quite expensive, especially in prime locations. However, the cost varies widely depending on the area, apartment size, and available amenities. If you’re wondering, “What is the Average Cost of Renting an Apartment in Abuja?”, this guide will break it down for you.
Factors Affecting Rent Prices
Several factors influence rental prices in Abuja, such as:
- Location: Prime areas like Maitama and Asokoro attract higher rents than suburbs like Kubwa and Lugbe.
- Apartment Size: A one-bedroom apartment will generally cost less than a three-bedroom.
- Amenities: Modern facilities like swimming pools, security, and constant electricity can increase the cost.
Average Cost Based on Locations
Maitama
- One-bedroom: ₦2.5 million per year
- Two-bedroom: ₦4 million per year
- Three-bedroom: ₦6 million per year
Wuse
- One-bedroom: ₦1.8 million per year
- Two-bedroom: ₦3 million per year
- Three-bedroom: ₦4.5 million per year
Gwarinpa
- One-bedroom: ₦1.2 million per year
- Two-bedroom: ₦2.2 million per year
- Three-bedroom: ₦3.5 million per year
Lugbe
- One-bedroom: ₦800,000 per year
- Two-bedroom: ₦1.5 million per year
- Three-bedroom: ₦2.5 million per year
Conclusion
Knowing “What is the Average Cost of Renting an Apartment in Abuja?” can help you budget better and choose the right area based on your income and preferences. Always inspect the property and understand the terms of the lease before making commitments.