Cost Of House Rent In Rivers State (2024)
What is the cost of house rent in Rivers State today?
Rivers State is one of the most beautiful states in Nigeria, located in the Niger Delta region of Southern Nigeria. It is also one of the most developed states in Nigeria.
Port Harcourt, the capital city of Rivers State, is one that experiences a high number of immigrants annually compared to emigrants because the city boasts numerous job opportunities and is a very beautiful one with quite a lot to offer its residents.
Thus, the question of how much house rent costs in Rivers State is one that has become common today. In today’s article, we will discuss the cost of house rent in Rivers State based on location and apartment type.
Table of Contents
Cost of House Rent in Rivers State
The cost of house rent in Rivers State varies. First, one needs to have in mind that sourcing for an apartment in affluent parts of the state would result in having to pay a lot of money for rent. So if you’re on a budget, looking for an apartment, the location of that apartment should be one of the factors that should be considered.
Also, what type of apartment do you consider renting? A self contained apartment? A two bedroom apartment? The type of apartment you intend to rent is also one of the crucial factors to consider. Apartments with more rooms will generally cost more for rent than those with single rooms.
Cost of House Rent in Rivers State Based On Location
| Location | Average Cost of House Rent |
|---|---|
| Port Harcourt | Single Room Apartment: ₦250,000 2-bedroom Apartment: ₦600,000 3-bedroom Apartment: ₦900,000 |
| Obio Akpor | ₦560,000 |
| New GRA | ₦700,000 |
| Eliozu | ₦700,000 |
| Wimpy | ₦500,000 |
| Trans Amadi | ₦1,000,000 |
| East West Road | ₦450,000 |
| Ada George | ₦500,000 |
| Port Harcourt – Aba Expressway | ₦1,500,000 |
| Eagle Island Rumueme Oroakwo | ₦600,000 |
| Shell Location | ₦700,000 |
Conclusion
As earlier mentioned, house rent in Rivers State varies. If you’re moving to Rivers State alone and you’re on an affordable budget, then you’d spend less than individuals moving with their families. The location of the apartment is a major determinant of the cost of house rent of the apartment. Also, if you’re seeking accommodation in the affluent parts of Lagos state, you should expect to spend a lot more than others for rent.
Frequently Asked Questions (FAQs)
Is house rent in Rivers State expensive?
House rent in Rivers state may or may not be expensive. This is largely dependent on your taste, your preferences and the location you’re looking towards renting an apartment. If you desire a single room apartment in a location where the cost of living is generally not high, then house rent would be very affordable. On the other hand, if you’re seeking a 2-bedroom or 3-bedroom apartment for rent in an affluent area where the cost of living is generally high, you can only expect the house rent to be twice as high too.
Is the cost of living in Port Harcourt expensive?
Port Harcourt is the capital city of Rivers State. It is the most populated city in Rivers state and headquarters major companies situated in the state. Given the population, living in Port Harcourt may expensive. Again, this depends on the area you choose to reside in Port Harcourt. There are many affordable areas to stay and there are affluent ones as well.
Where do the rich people in Port Harcourt live?
You’ll find most influential people living in Port Harcourt in Old GRA. It is one of the unique places where you will find wealthy people in Port Harcourt. It houses many government agencies as well as industries and was formerly reserved for government officials alone.
Is the cost of living in Port Harcourt more than that of Lagos?
Compared to Lagos, Port Harcourt is actually very affordable. It is significantly cheaper to live in Port Harcourt than to live in Lagos. The cost of living in Port Harcourt is generally lower than the cost of living in Lagos.
