Best Areas to Rent or Buy a Studio Apartment in Accra
Studio apartments in Accra are experiencing unprecedented demand in 2025, delivering impressive 7-11% rental yields while offering the perfect solution for singles, young professionals, and savvy investors. With property prices projected to rise 5-10% this year and Ghana’s urbanisation rate reaching 61%, compact living spaces represent one of the smartest real estate investments in West Africa.
The appeal is clear: studio apartments require minimal maintenance, generate strong rental income, and provide excellent entry points into Accra’s booming property market. Whether you’re a diaspora investor seeking passive income or a young professional wanting to live in prime locations affordably, the right neighbourhood choice can maximise both lifestyle and financial returns.
Premium Neighbourhoods: Maximum Returns, Higher Investment
Airport Residential Area leads the market with studio apartments delivering up to 15.7% gross yields. Monthly rents range from $1,200-$2,500, while purchase prices start at $89,000. The proximity to Kotoka International Airport creates consistent demand from airline staff, business travellers, and diplomatic personnel. Security is top-notch, and the area’s established infrastructure makes it ideal for hands-off investors.
East Legon offers the highest documented rental yields in Accra at 9-10% annually, with studio rents spanning GH₵1,000-8,500 monthly. Purchase prices range $150,000-$300,000, but investors benefit from the neighbourhood’s lifestyle appeal. Home to Accra Mall, quality schools, and vibrant nightlife, East Legon attracts affluent tenants willing to pay premium rates for modern amenities and social connectivity.
Cantonments represent ultra-premium positioning where diplomatic demand drives studio rents to $2,150-$2,950 monthly. Entry costs start at $200,000, but the diplomatic quarter’s unmatched security and prestige create 95%+ occupancy rates among embassy staff and senior executives.
Central Areas: Urban Convenience and Balanced Value
Osu emerges as the entertainment capital where studio apartments rent for $600-$2,400 monthly, delivering 8-10% rental yields. Purchase prices start around $30,000-$60,000, making Osu excellent for entry-level investors. The neighbourhood’s 24/7 vibrancy, extensive dining scene, and proximity to business districts create consistent demand from young professionals and expatriates.
Labone offers premium coastal positioning with luxury studios generating 9-12% returns. Purchase prices range $60,000-$150,000, while beach proximity and upscale residential character attract high-net-worth tenants paying $400+ monthly for quality accommodations.
Adabraka serves budget-conscious investors with studio prices starting at $15,000-$30,000 and rental rates from $25-$100 monthly. The central business district location and extensive public transport connectivity create opportunities for investors targeting government workers and entry-level professionals.
Emerging Growth Areas: Future-Focused Investments
Spintex leads emerging neighbourhoods with 9-10% gross returns and established rental markets. Studio investments range $95,000-$135,000 with monthly rents of $700-$1,200, supported by proximity to major industrial facilities and the airport corridor.
Adjiringanor and Nmai-Dzorn target capital appreciation with 10-15% annual growth potential. As East Legon’s spillover markets, these areas attract investors seeking longer-term returns through infrastructure improvements and proximity to prestigious developments.
Why Eden Heights Leads Studio Living Innovation
Eden Heights stands out as Accra’s premier choice for modern studio apartment living, strategically located near West Hills Mall for ultimate convenience. Our compact, efficiently designed studios maximise space while delivering luxury amenities typically found in larger developments.
What sets Eden Heights apart:
- Prime location with easy access to shopping, dining, and entertainment
- World-class facilities, including a gym, swimming pool, and sports complex
- 24-hour security ensuring safety and peace of mind
- Professional management handles all maintenance and tenant services
- Flexible investment options for both buyers and renters
Our studios feature modern architecture, optimal space utilisation, and premium finishes that appeal to discerning professionals and international tenants. The development’s comprehensive amenities create a lifestyle destination that commands premium rents while maintaining high occupancy rates.
Smart Investment Strategy Tips
Successful studio apartment investment requires careful due diligence through the Lands Commission and working with certified real estate professionals. Budget for 5-8% additional costs, including legal fees and agent commissions. Consider allocating 70% to established areas for immediate income and 30% to emerging areas for appreciation potential.
Key factors to evaluate: security features, parking availability, proximity to work centres, public transport access, and neighbourhood amenities. Professional property management maintains 85-95% occupancy rates while handling tenant relationships and maintenance requirements.
Conclusion
Accra’s studio apartment market offers compelling opportunities across diverse neighbourhoods, from Airport Residential’s premium yields to emerging areas’ growth potential. The combination of political stability, economic growth, and increasing urbanisation creates sustainable fundamentals supporting continued market expansion.
Frequently Asked Questions
1. What’s the average rental yield for studio apartment in Accra?
Studio apartments typically deliver 7-11% rental yields, with premium areas like Airport Residential achieving up to 15.7% gross returns.
2. Which neighbourhood offers the best value for first-time investors?
Osu provides excellent entry-level opportunities with purchase prices starting at $30,000-$60,000 and strong 8-10% rental yields.
3. How much should I budget beyond the purchase price?
Plan for 5-8% additional costs, including legal fees (1-3%), agent commissions (5%), and due diligence expenses.
4. What makes Eden Heights different from other developments?
Eden Heights combines a prime location near West Hills Mall with world-class amenities, professional management, and efficiently designed studios optimised for modern living.
5. Is property investment safe for diaspora investors?
Yes, with proper due diligence through certified agents and the Lands Commission. Ghana’s stable political environment and improving regulatory framework support secure investments.
Ready to explore studio apartment opportunities at Eden Heights? Contact our investment specialists today to schedule a property tour and discover how our modern, amenity-rich studios can deliver both lifestyle satisfaction and strong financial returns. Let us help you find the perfect compact living solution in Accra’s most desirable location.