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Are you thinking of relocating to Abuja? Then you should know the answer to the question, how much is house rent in Abuja? read this article to find out.
Introduction
Renting a house in Abuja can be tricky, and with the high cost of living, many potential tenants are left wondering how much is house rent in Abuja.
The answer to this question is not straightforward and depends on various factors, including the area you are looking to rent and the type of property you are interested in.
If you are looking for a place to rent in the city and don’t know where to start, don’t worry. We’ve given you an overview of the average house rent in Abuja and provided useful information on renting a house. So if you’re ready to get started, read on to find out more about house rent in Abuja!
A Summary Of The Housing Cost In Abuja
People looking to make Abuja their home can choose from an extensive selection of rental houses.
The average cost of a rental house in Abuja can be as high as ₦2,500,000, making it a city only accessible to the affluent.
Nevertheless, those on a tight budget may also find options, with the least expensive rental house costing only ₦20,000.
On the contrary, those seeking luxury and exclusivity can find rentals with an unbelievable price tag of up to ₦50,000,000.
Therefore, regardless of one’s budget, Abuja’s rental market has something to offer everyone.
The following image from Numbeo illustrates the cost of renting a house in Abuja. Below is a pictorial representation of house rent expenditure in Abuja by Numbeo.
While living in the city, most of your resources will go to the rent then, followed by markets which mean various foods and edibles you buy for sustenance, as shown below.
A Summary Of Cost Of Living in Abuja
A family of four in Abuja would need an estimated N920,316.0 each month on essentials such as food, transport, and healthcare, not including the rent.
For an individual, the projected monthly expenses are N251,978.9 without the rent. So, you can imagine when you add rental costs in each case, the value and expenses skyrocket.
Food in Abuja tends to be more expensive than in other parts of the nation, with basic groceries costing more.
Going out for dinner can be costly as well, with prices for a meal at a budget restaurant around N1,500. This is why it would be nice to prepare meals and eat from home if you are on a budget.
Transportation expenses can also amount to a lot, with fuel prices being relatively high and public transportation not being widely available.
Regular monthly expenses on transportation can be as much as N15,000. Medical care in Abuja is also higher, with private healthcare being the norm.
It is critical for ex-pats and travellers to have adequate insurance coverage to pay for any medical expenses.
Despite the high expenses, the city offers many advantages and activities for its inhabitants.
However, it is important for individuals and families to carefully consider their budget and expenses before deciding to live in Abuja.
Types of Housing You Can Rent In Abuja
With the city’s diverse population, many housing options are available, from high-end apartments to affordable single-family homes.
Explore the different housing types available in Abuja, and you will find the perfect place to call home!
Bungalow
A bungalow is a single-story house that typically features a simple design and a small footprint. These houses are popular in Abuja for their affordability and ease of maintenance.
Flats
An apartment building is a multi-unit residential building with multiple separate homes stacked on top and next to each other, each unit acting as its dwelling.
They offer less privacy than other housing types but have access to shared common areas like green spaces and rooftops.
They are becoming increasingly popular in Nigeria due to the population becoming more urban and the cost-effectiveness of building vertically.
Penthouse
Penthouses are spacious luxury units on the top floor of a building. They are great for singles, couples, and families with kids.
One thing that makes penthouses desirable is the unique view of the surrounding city they offer. They are often located near luxury shopping, dining, and entertainment areas.
Semi-detached houses
Semi-detached houses are single-family homes that share one wall with the neighbouring house, differentiating them from detached houses with no shared walls and terraced houses which share walls on both sides.
They can be single or multi-story, and building costs are typically lower than a fully detached house, offering more space for the same or less money. Some modern designs in Abuja are very pleasing.
Detached houses
Detached houses are popular in Nigeria, particularly in the affluent areas of major cities like Lagos, Abuja, and Kano.
They are affiliated with the wealthy and feature great architecture, luxurious amenities, and privacy. Often you will find detached houses with private gates leading to a private compound, making them ideal for people who value privacy and have larger families.
Mansion
A mansion is a large, luxurious house with impressive architecture. Owning a mansion speaks a lot about you and your family; one thing that always comes out is that you are wealthy and well-established.
Mansions have many rooms and large grounds and may include features such as a swimming pool, tennis court, and stables.
Terraced houses
A terraced house is a type of residential building that form a part of a row of identical houses, sharing walls with the adjacent houses.
Typically, such houses have a small outdoor area in the front and back. In many cases, terraced houses are found in medium-density areas in Abuja.
Duplex
A duplex in Nigeria is a house that has two units on different floors, and each floor acts as a separate house for different tenants.
These houses are a popular choice for groups of friends who want to live together in terms of location but still be in separate spaces.
Factors Affecting House Rent Prices In Abuja
Renting a home in the city can be daunting, as the prices vary greatly depending on several factors.
To make an informed decision when searching for a place to rent, it’s important to understand the factors that affect house rent prices in Abuja.
By understanding these factors, you can better navigate the housing market and find a place that fits your budget and needs.
Location
Properties in the city centre or popular neighbourhoods are more expensive than those outside the city.
And the reason for this is quite straightforward, the closer you are to town, the easier it is for you to access the many services offered in the city.
Size and amenities
The size and amenities of a house also play a significant role in determining its rent price. Larger houses with more bedrooms and bathrooms will be more expensive than smaller ones.
Properties with amenities such as a pool, garden, or garage will also command higher rent prices simply because of the value they offer.
Age of the property
Generally, you should expect newer properties to have higher prices than older properties because they may have more modern amenities and be in better condition.
However, older properties may have more character and charm, making them more desirable to some renters, especially the old-school type.
Additionally, the age of a property can also affect its maintenance costs, with older properties requiring more repairs and maintenance than newer properties. This can also impact the rent, with landlords charging higher rents to cover these costs.
Market conditions
The overall state of the housing market in an area determines the rental prices. During high demand, rent prices may increase, while rent prices may decrease during low demand. In other words, rent prices also abide by the law of demand and supply.
Security
Security is very important, and many folks always want to know how safe they are before renting in an area.
Areas with lower crime rates and better overall security will always have higher rental prices, as they are considered more desirable places to live. Conversely, areas with higher crime rates often have lower rental prices.
Additionally, properties with better security features, such as gated communities or buildings with security personnel, will typically have higher rental prices than those without such features.
Remember that the highest form of insecurity in Abuja is robbery, followed by theft; areas with measures to prevent such are highly-priced.
Conclusion
The question of ‘how much is house rent in Abuja’ is important to those looking to move to the city.
The price of leasing a house in Abuja can differ significantly depending on multiple variables that were already discussed.
Exploring different rental properties and neighbourhoods is crucial before determining where to rent a house in Abuja.
Considering your requirements, budget, and lifestyle, you can constrict your alternatives and find the ideal home to rent at a cost that fits your budget.
