Property prices for rent in Abuja (Abuja)

The rent prices in real estate in Abuja, in the Abuja region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

₦ 6,348,846.83
Average price last 6 months
₦ 39,749.58
Price/m² last 6 months
Average price per m2

The price per m² in Abuja has had a strong fall during the last 6 months. In August, the average price per m² was ₦ 52,804.91. In September this price barely changed remaining at ₦ 52,100.03 per m². In the following two months the price per m² has risen 110 %, going from ₦ 52,452.47 to ₦ 57,498.73 per m². The price per m² has had a considerable fall of 17 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₦ 54,975.6 to ₦ 9,297.54 during December, and January.

Average price

When referring to the price in Abuja (cities & towns), this has fallen considerably in the last 6 months. The average price during our first sample month during August, is ₦ 7,385,000. During September the price went through a considerable rise reaching ₦ 9,339,286. In the following two months the average price has hardly changed with regard to the previous two months from ₦ 8,362,143 to ₦ 8,348,276. During the last two months the average price has fallen greatly compared to the previous four going from ₦ 8,355,209.5 to ₦ 2,336,121.5, which means a 28 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of ₦ 2,209,923 they are 43 % more affordable than the average price for Abuja . The properties with the highest average price have 4 bedrooms, Their price is 257 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₦ 4,287,586.

With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₦ 2,564 / m², with an average ₦ 6,781.21 / m² price in Abuja. The properties with the most expensive average prices have 1 bedroom. They are 10782 % more expensive than the average followed by properties with 4 bedrooms with a price at ₦ 66,601 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₦ 2,209,923 it is 47 % more affordable than the average price in Abuja. "Commercial property" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of ₦ 4,558,952 it is 253 % more expensive than the average price.

According to the average cost per m², the least affordable property would be "Commercial property" at an average price of ₦ 8,840 / m² followed by "House" priced at ₦ 47,986 / m². "Flat" is the most expensive type of property with a ₦ 398,852 / m² value followed by "Apartment" with an average price of ₦ 76,774 / m².

Charts data
Average price January
Average price per m² January
Number of properties used in Abuja
Number of properties used in region Abuja
₦ 2,209,923
₦ 6,781.21
350
350
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value