Authored by the expert who managed and guided the team behind the Ghana Property Pack
Yes, the analysis of Accra's property market is included in our pack
If you are thinking about buying an apartment in Accra to rent it out, you are probably wondering what kind of return you can actually expect.
This article breaks down gross yields, net yields, rent levels, the best neighborhoods, and all the costs that will eat into your profit, so you can make an informed decision.
We constantly update this blog post to reflect the latest data and market conditions in Accra.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Accra.
What rental yields can I realistically get from an apartment in Accra?
What's the average gross rental yield for apartments in Accra as of 2026?
As of early 2026, the average gross rental yield for apartments in Accra sits around 2.5% to 3.5%, which means for every GH₵100,000 you invest, you can expect roughly GH₵2,500 to GH₵3,500 in annual rent before expenses.
Most apartment investments in Accra fall within a realistic gross yield range of 2.75% to 3.3%, with 2-bedroom units typically landing at the higher end of that range because they attract both young professionals and small families.
The main factor that causes yields to vary significantly in Accra is whether the apartment sits in an expat-heavy prime area like Cantonments or Airport Residential (where purchase prices are high but rents do not rise proportionally) versus a commuter-friendly zone like Spintex or Adenta (where prices are more negotiable but rental demand remains strong).
Compared to other major cities in West Africa, Accra's gross yields are modest but relatively stable, as cities like Lagos may offer higher headline yields but often come with greater volatility and higher vacancy risk.
What's the average net rental yield for apartments in Accra as of 2026?
As of early 2026, the average net rental yield for apartments in Accra falls between 1.5% and 2.5%, which is what remains after you subtract taxes, management fees, vacancy losses, maintenance, and insurance from your gross income.
Most apartment investors in Accra can realistically expect net yields in the 1.5% to 2.5% range if they buy at typical market prices, though disciplined buyers who secure discounts and keep vacancies low can push toward 3% to 4% net.
The single biggest expense that reduces gross yield to net yield in Accra is the 8% rent income tax (a withholding tax on residential rental income), which alone shaves about 0.24 percentage points off a 3% gross yield before you even count management or maintenance costs.
By the way, you will find much more detailed data in our property pack covering the real estate market in Accra.
What's the typical rent-to-price ratio for apartments in Accra in 2026?
As of early 2026, the typical rent-to-price ratio for apartments in Accra ranges from 0.23% to 0.28% per month, which means for every GH₵1,000,000 of purchase price, you can expect roughly GH₵2,300 to GH₵2,800 in monthly rent.
Most apartment transactions in Accra fall within a rent-to-price ratio of 0.23% to 0.27% per month, with 1-bedroom units often sitting at the lower end (around 0.23%) and 2-bedroom units at the higher end (around 0.27%).
Apartments in commuter-friendly neighborhoods like Spintex, Adenta, and Tema tend to have the highest rent-to-price ratios in Accra because purchase prices remain more negotiable while rental demand from working professionals stays consistently strong.
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How much rent can I charge for an apartment in Accra?
What's the typical tenant budget range for apartments in Accra right now?
The typical monthly tenant budget for renting an apartment in Accra in early 2026 ranges from GH₵750 to GH₵17,000 (roughly $70 to $1,550 or €60 to €1,360), depending on whether you are targeting local budget renters or expat professionals.
Tenants targeting mid-range apartments in Accra typically budget between GH₵2,000 and GH₵6,500 per month (roughly $180 to $590 or €160 to €520), which covers most 1 to 3-bedroom units in areas like Spintex, Adenta, or Achimota.
Tenants seeking high-end or luxury apartments in Accra, such as those in Cantonments, Airport Residential, or East Legon, typically budget between GH₵6,500 and GH₵17,000 per month (roughly $590 to $1,550 or €520 to €1,360), often expecting furnished units with security, backup power, and parking.
We have a blog article where we update the latest data about rents in Accra here.
What's the average monthly rent for a 1-bed apartment in Accra as of 2026?
As of early 2026, the average monthly rent for a 1-bed apartment in Accra is approximately GH₵2,200 (roughly $200 or €175), though actual rents vary widely depending on location and amenities.
Entry-level 1-bed apartments in Accra rent for around GH₵750 to GH₵1,500 per month ($70 to $135 or €60 to €120), and these are typically older units in areas like Dansoman or Teshie-Nungua, often without backup power or air conditioning.
Mid-range 1-bed apartments in Accra rent for around GH₵1,500 to GH₵3,000 per month ($135 to $270 or €120 to €240), and these are usually modern units in areas like Spintex or Adenta with basic amenities like air conditioning and security.
High-end 1-bed apartments in Accra rent for around GH₵3,000 to GH₵6,000 per month ($270 to $545 or €240 to €480), and these are typically furnished units in prime areas like Airport Residential or Cantonments with 24-hour security, backup power, and sometimes a gym or pool.
What's the average monthly rent for a 2-bed apartment in Accra as of 2026?
As of early 2026, the average monthly rent for a 2-bed apartment in Accra is approximately GH₵4,000 (roughly $365 or €320), making it the most popular size for young professionals and small families.
Entry-level 2-bed apartments in Accra rent for around GH₵1,500 to GH₵2,500 per month ($135 to $225 or €120 to €200), and these are typically older buildings in areas like Achimota or Madina with basic finishes and limited amenities.
Mid-range 2-bed apartments in Accra rent for around GH₵2,500 to GH₵5,000 per month ($225 to $455 or €200 to €400), and these are usually newer developments in areas like Spintex or East Legon Hills with air conditioning, parking, and gated security.
High-end 2-bed apartments in Accra rent for around GH₵5,000 to GH₵10,000 per month ($455 to $910 or €400 to €800), and these are typically fully furnished units in Cantonments or Airport Residential with swimming pools, gyms, backup generators, and concierge services.
What's the average monthly rent for a 3-bed apartment in Accra as of 2026?
As of early 2026, the average monthly rent for a 3-bed apartment in Accra is approximately GH₵6,000 (roughly $545 or €480), which attracts families and corporate tenants who need more space.
Entry-level 3-bed apartments in Accra rent for around GH₵2,500 to GH₵4,000 per month ($225 to $365 or €200 to €320), and these are typically older units in areas like Tema Community 1 or Dansoman with basic finishes and no elevator.
Mid-range 3-bed apartments in Accra rent for around GH₵4,000 to GH₵8,000 per month ($365 to $725 or €320 to €640), and these are usually modern blocks in areas like Dzorwulu or Abelemkpe with secure parking, backup power, and decent landscaping.
High-end 3-bed apartments in Accra rent for around GH₵8,000 to GH₵17,000 per month ($725 to $1,545 or €640 to €1,360), and these are typically luxury units in Cantonments, Ridge, or Airport Residential with full servicing, swimming pools, and 24-hour security staffed compounds.
How fast do well-priced apartments get rented in Accra?
A well-priced apartment in Accra typically gets rented within 2 to 6 weeks, with smaller 1-bed units moving faster (around 2 to 4 weeks) and larger 3-bed units taking longer (around 4 to 8 weeks).
The typical vacancy rate for apartments in Accra's high-demand areas like Airport Residential, East Legon, or Spintex is relatively low, often estimated at around 5% to 10% annually for well-maintained and correctly priced units.
The main factors that cause some apartments to rent faster than others in Accra are reliable backup power (because electricity outages are common), water storage solutions, secure gated access, and proximity to major roads like the Spintex Road or the Tema motorway that make commuting bearable.
And if you want to know what should be the right price, check our latest update on how much an apartment should cost in Accra.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Ghana versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
Which apartment type gives the best yield in Accra?
Which is better for yield between studios, 1-bed, 2-bed and 3-bed apartments in Accra as of 2026?
As of early 2026, 2-bedroom apartments typically offer the best rental yield in Accra, with gross yields around 3.3%, compared to about 2.75% for 1-beds and 3.2% for 3-beds.
The typical gross rental yield range by apartment type in Accra is approximately 2.75% for 1-bed units, 3.3% for 2-bed units, and 3.2% for 3-bed units, with studios being rare in the formal market and harder to benchmark.
The main reason 2-bed apartments tend to outperform in Accra is that they attract both young professional couples and small families, creating a wider tenant pool, while the purchase price jump from 1-bed to 2-bed is proportionally smaller than the rent increase you can charge.
Which features are best if you want a good yield for your apartment in Accra?
The features that most positively impact rental yield for apartments in Accra are backup power (generator or inverter system), reliable water supply with storage tanks, air conditioning, secure gated access, and dedicated parking, because these solve the everyday reliability problems that tenants in Accra care most about.
In Accra, lower and mid-level floors (especially floors 1 to 3) tend to be easier to rent out because many tenants worry about elevator reliability and water pressure issues on higher floors, unless the building is well-maintained with consistent backup systems.
Apartments with balconies or outdoor space in Accra do command slightly higher rents and rent faster, particularly in serviced or expat-heavy areas where tenants value the ability to enjoy outdoor living given the warm climate.
Building features like elevators, concierge services, or dedicated parking in Accra can raise rents enough to justify higher service charges, but only in prime areas like Cantonments, Airport Residential, or East Legon where expat and corporate tenants expect and will pay for these amenities.
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Which neighborhoods give the best rental demand for apartments in Accra?
Which neighborhoods have the highest rental demand for apartments in Accra as of 2026?
As of early 2026, the neighborhoods with the highest rental demand for apartments in Accra include Tema, East Legon, Adenta, Airport Residential Area, Spintex, Cantonments, Osu, Achimota, Dzorwulu, and North Labone, based on where renters are actively searching.
The main demand driver that makes these neighborhoods attractive to apartment tenants in Accra is proximity to major employment hubs and accessible commute routes, because Accra's traffic congestion makes "location relative to your workplace" far more important than simple distance on a map.
In these high-demand neighborhoods in Accra, well-priced apartments typically rent within 2 to 4 weeks, and vacancy rates stay relatively low (often under 10% annually) compared to less connected areas.
One emerging neighborhood that is gaining rental demand momentum in Accra is East Legon Hills, which offers newer developments at more accessible prices than central East Legon while still benefiting from the area's strong reputation and improving road access.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Accra.
Which neighborhoods have the highest yields for apartments in Accra as of 2026?
As of early 2026, the neighborhoods with the highest rental yields for apartments in Accra include Spintex, Adenta, Tema, Achimota, Dzorwulu, and Abelemkpe, where purchase prices are more negotiable but rental demand remains solid.
The typical gross rental yield range in these top-yielding Accra neighborhoods is approximately 3.5% to 5%, compared to the citywide average of around 2.5% to 3.5%, though achieving the higher end requires buying at a discount or negotiating well.
The main reason these neighborhoods offer higher yields than prime areas like Cantonments or Airport Residential is that purchase prices have not inflated as much as in ultra-prime zones, while rental demand from working professionals who commute along major corridors keeps occupancy rates strong.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Ghana. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
Should I do long-term rental or short-term rental in Accra?
Is short-term rental legal for apartments in Accra as of 2026?
As of early 2026, short-term rentals are legal for apartments in Accra, but operating one requires registration and licensing under Ghana's tourism regulations, so it is not a "do whatever you want" situation.
The main legal requirements for operating a short-term rental apartment in Accra include registering with the Ghana Tourism Authority (GTA), obtaining a GTA license, and potentially securing a Business Operating Permit from the Accra Metropolitan Assembly if you run it as a business.
For Airbnb-style rentals in Accra, the GTA introduced a formal short-term rental registration regime in late 2024, which means hosts must now register their properties and comply with accommodation licensing regulations before listing.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Accra.
What's the gross yield difference short-term vs long-term in Accra in 2026?
As of early 2026, short-term rentals in Accra can generate roughly 1.3 to 2 times the gross yield of long-term rentals, meaning a property that yields 3% gross on a long-term lease could potentially yield 4% to 6% gross as a short-term rental if managed well.
The typical gross yield range for short-term rentals in Accra is approximately 4% to 6% (or up to 7% in best-case scenarios), compared to 2.5% to 3.5% for long-term rentals, but these figures assume good occupancy and professional management.
The main additional costs that reduce the net yield advantage of short-term rentals in Accra include cleaning fees, furnishing and replacement costs, utility bills (since you pay them instead of tenants), platform fees (typically 3% to 15%), and now GTA registration and licensing compliance costs.
To outperform a long-term rental in Accra, a short-term rental typically needs to achieve at least 50% to 60% occupancy, though this threshold varies depending on your nightly rate and how tightly you manage operating costs.
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What costs will eat into my net yield for an apartment in Accra?
What are building service charges as a % of rent in Accra as of 2026?
As of early 2026, typical building service charges for apartments in Accra range from 0% to 25% of monthly rent, depending on whether you own in a basic block or a fully serviced compound with amenities.
The realistic range of building service charges in Accra is 0% to 8% of rent for non-serviced or basic blocks (roughly GH₵0 to GH₵320 per month or $0 to $30 or €0 to €25), and 10% to 25% of rent for serviced buildings (roughly GH₵400 to GH₵1,500 per month or $35 to $135 or €30 to €120).
In Accra, services that typically justify higher-than-average service charges include 24-hour security with guards, backup generator for common areas and sometimes units, swimming pool and gym maintenance, elevator servicing, and landscaped gardens, which are standard expectations in expat-heavy compounds in Airport Residential or Cantonments.
What annual maintenance budget should I assume for an apartment in Accra right now?
A typical annual maintenance budget for an apartment in Accra in early 2026 is approximately 0.5% to 1% of the property value, which translates to roughly GH₵7,000 to GH₵15,000 per year ($635 to $1,360 or €560 to €1,200) for a GH₵1,460,000 2-bed apartment.
The realistic range of annual maintenance costs in Accra depends heavily on apartment age and building condition, with newer buildings requiring closer to 0.5% annually and older buildings (10+ years) potentially needing 1% to 1.5% to cover more frequent repairs.
The most common maintenance expenses apartment owners face annually in Accra are air conditioning servicing and repairs (critical in Accra's humid climate), plumbing fixes (especially water pump and tank issues), repainting cycles every 2 to 3 years, and appliance replacements, all of which can cost more than expected due to import costs on parts.
What property taxes should I expect for an apartment in Accra as of 2026?
As of early 2026, apartment owners in Accra should expect to pay an 8% rent income tax on gross rental income (this is a withholding tax collected by the Ghana Revenue Authority), plus property rates billed by the Accra Metropolitan Assembly that vary by property assessment.
The realistic range of property-related taxes in Accra includes the fixed 8% rent income tax, plus AMA property rates that can range from roughly 0.2% to 0.8% of market value per year (approximately GH₵2,900 to GH₵11,700 or $265 to $1,065 or €230 to €935 for a GH₵1,460,000 apartment), depending on the specific assessment.
Property rates in Accra are calculated based on the assessed value of your property as determined by the local assembly, and the rate can vary by property classification and location within the metropolitan area.
There are limited property tax exemptions in Accra, but some relief may be available for specific property types or under certain conditions, so it is worth checking with the AMA or a local tax advisor for your specific situation.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Accra.
How much does landlord insurance cost for an apartment in Accra in 2026?
As of early 2026, typical annual landlord insurance for an apartment in Accra costs approximately 0.15% to 0.30% of the insured property value, which works out to roughly GH₵2,200 to GH₵4,400 per year ($200 to $400 or €175 to €350) for a GH₵1,460,000 apartment.
The realistic range of annual landlord insurance costs in Accra depends on coverage level and property value, with basic building cover at the lower end (around 0.15%) and comprehensive packages including contents and liability at the higher end (around 0.25% to 0.30%), and premiums can vary based on security features and location.
What's the typical property management fee for apartments in Accra as of 2026?
As of early 2026, the typical property management fee for apartments in Accra is approximately 5% to 10% of monthly rent for long-term rentals (roughly GH₵200 to GH₵400 or $18 to $36 or €16 to €32 on a GH₵4,000 rent), and 15% to 25% of revenue for short-term rentals.
The realistic range of property management fees in Accra is 5% to 10% for basic long-term management (tenant finding, rent collection, basic coordination) and 15% to 25% for short-term rental management (which includes guest messaging, pricing optimization, cleaning coordination, linen management, and restocking).
Services typically included in standard property management fees in Accra are tenant sourcing and screening, lease preparation, monthly rent collection, coordination of repairs with contractors, and periodic property inspections, though the exact package varies by agency and you should clarify inclusions before signing.
We made this infographic to show you how property prices in Ghana compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Accra, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Ghana Property Centre | Ghana's largest property portal with transparent average price stats from live listings. | We used their published rent and sale averages by bedroom count to compute gross yields and rent-to-price ratios. We also used their rent ranges to define tenant budget bands. |
| Ghana Property Centre Demand Trends | Data-based view of what renters are actively searching for by area. | We used the ranked search shares to identify Accra neighborhoods with the strongest rental demand. We also used it to separate high-demand areas from high-yield areas. |
| Ghana Revenue Authority | The official tax authority explaining statutory rent tax rates. | We used the stated 8% residential rent income tax rate to move from gross yield to net yield. We also used it to explain the biggest cost many landlords forget. |
| Ghana Tourism Authority / VisitGhana | Direct statement from the official tourism authority about STR registration. | We used it to confirm Ghana introduced a formal short-term rental registration regime in late 2024. We also used it to frame what legal compliance looks like in early 2026. |
| Airbnb Help Center (Ghana) | Airbnb's compliance page summarizes GTA licensing expectations for hosts. | We used it to explain what a foreign owner must do to operate short-term rentals compliantly. We also used it to triangulate the GTA's position from a second source. |
| Tourism Act, 2011 (Act 817) | The primary legislation establishing the Ghana Tourism Authority's licensing powers. | We used it to ground the idea that short-stay accommodation is regulated. We also used it as the legal base layer under the newer registration steps. |
| Accra Metropolitan Assembly | The city authority explaining permits required to operate a business in Accra. | We used it to highlight a practical local compliance step for short-stay operations. We also used it as a checklist reference for what the city may ask you for. |
| Ghana Statistical Service | Ghana's official statistics agency publishing the country's inflation data. | We used it to set the macro context for early 2026 pricing. We also used it to explain why nominal rents can move quickly even when real yields stay stable. |
| Bank of Ghana | The central bank's official view on monetary conditions affecting mortgage rates. | We used it to frame financing conditions and the cash buyer vs leveraged buyer reality. We also used it to justify being conservative on net yields when rates are high. |
| World Bank Ghana Urbanization Review | Top-tier development institution with rigorous methodology and public datasets. | We used it to explain structural demand drivers like urbanization that underpin long-run rental demand in Accra. We also used it to keep the story grounded in why demand exists. |
| Knight Frank | Major global real estate consultancy with established research standards. | We used it to triangulate that investor demand for Accra residential property remains meaningful. We also used it as a qualitative cross-check against portal-only signals. |
| Stanbic Bank Ghana | A major bank providing a concrete insurance premium example. | We used the example premium to translate insurance into a usable annual cost estimate. We also used it to sanity-check the insurance assumptions in our net-yield model. |
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