Property prices for rent in Abuja (Abuja)

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

₦ 3,173,994
Average price last 6 months
₦ 16,278.89
Price/m² last 6 months
Average price per m2

The price per m² in Abuja has risen strongly during the last 6 months. In December, the average price per m² was ₦ 11,813.88. In the following month the price per m² fell considerably to ₦ 6,781.21. In the following two months the price per m² has practically remained the same, going from ₦ 9,297.54 to ₦ 9,027.51 per m². The price per m² has had a considerable rise of 333 % 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 ₦ 9,162.53 to ₦ 30,511.61 during April, and May.

Average price

When referring to the price in Abuja (cities & towns), this has risen considerably in the last 6 months. The average price for December is ₦ 2,462,320. During January the price had a slight fall till ₦ 2,209,923. During the following two months (February, March) the average price fell 88 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 235 % during the last two months.

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 ₦ 1,792,083 they are 70 % more affordable than the average price for Abuja . The properties with the highest average price have 4 bedrooms, Their price is 179 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₦ 1,991,875.

With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of ₦ 647.15 / m², with an average ₦ 2,868.21 / m² price in Abuja. The properties with the most expensive average prices have 4 bedrooms. They are 66 % more expensive than the average followed by properties with 3 bedrooms with a price at ₦ 2,986.18 / 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 ₦ 1,792,083 it is 35 % 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 ₦ 4,540,742 it is 333 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Flat" at an average price of ₦ 1,400.22 / m² followed by "Commercial property" priced at ₦ 8,804 / m². "Apartment" is the most expensive type of property with a ₦ 76,466 / m² value followed by "House" with an average price of ₦ 47,794 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Abuja
Number of properties used in region Abuja
₦ 1,792,083
₦ 2,868.21
308
530
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value