Rent Prices in Accra: What You Need to Know
RenMo, Inc.
We’re building credit decisioning ecosystem to empower businesses to offer flexible payment option in underserved market
Looking for a place to rent in Accra? Whether you're new to the city or just looking to move, understanding rental prices is key to making the right decision. Accra’s rental market is dynamic, and influenced by location, property type, and demand. Here’s a quick breakdown of what you should know before signing a rental agreement.
Location is Everything
Where you live in Accra heavily impacts how much you’ll pay in rent. Here’s a snapshot of different neighborhoods:
?? High-End Areas (Expensive & Luxurious)
?? Mid-Range Areas (Balance Between Cost & Comfort)
?? Budget-Friendly Areas (More Affordable Options)
Why Are Rents So High?
Here’s what’s driving the cost of renting in Accra:
?? Inflation & Currency Fluctuations – If the cedi weakens, landlords adjust rent prices, especially for dollar-priced properties.
?? Demand vs. Supply – The demand for affordable housing is way higher than the supply, making it tougher for low- and middle-income earners.
?? Advance Payments – Many landlords still demand 1–2 years’ rent upfront, which can be a huge financial burden.
How Can You Afford Rent in Accra?
That’s where Renmo comes in! We help renters by providing flexible payment options, so you don’t have to worry about paying rent in bulk. Instead, you can move in and pay monthly, making housing more accessible.
What’s Next?
Accra’s rental market is evolving, with more options like rent-to-own schemes, rent financing, and digital property platforms helping renters find the perfect home.
Need help securing a place without breaking the bank? Stay tuned for our next update! ??