Cost of House Rent in Rivers State (2024)

Rivers State is one of the richest states in Nigeria and for this reason, a lot of people want to live in the state’s urban areas. There are many other things that interest people to the state, and one of such is that Port Harcourt, the state’s capital is a very prominent industrial hub which is better off than Lagos in terms of industrial activities. Be that as it may, living in Port Harcourt isn’t that costly as some people do think. If you have interest in living in Rivers State, then this article will give you the current cost of house rent there.

Moreover, the generality of people who want to go to Rivers State often have the idea of living in Port Harcourt. This is an oil rich city situated in the central part of the state towards the coastal area. In this post, we will be taking a look at the cost of apartments and house rents in Rivers State, particularly Port Harcourt. The ‘garden city’ is quite possibly the most industrialised urban area to live in the country.

Rivers State is perhaps the richest state in Nigeria and they are behind Lagos State in the list. The state is one of the oil producing states in Nigeria. This and other resources, plus IGR makes the state earn that position. Rivers State is located in the Niger Delta region of the country. Port Harcourt city, the Rivers state capital is perhaps the most far off metropolitan area in the country.

For those wanting to move in and settle in the ‘garden city’ as they are loosely called, the aim of finding or getting information about Rivers State house rents is in every case vital and fundamental. This is the reason we chose to do an overview of the cost of renting apartments like 3 bedroom flat, 2 rooms flat and self contain room in Rivers State, with special focus on Port Harcourt.

This article will as well examine the expense of renting duplexes or bungalows in Port Harcourt.

FACTORS INFLUENCING THE COST OF HOUSE RENT IN RIVERS STATE

There are some things that influence the cost you will have to pay to rent a house in Rivers State. Just as other urban areas, there are sure factors that decide the cost of house rents in Port Harcourt.

A portion of these variables are Type of Apartment, Location just as Facilities available in the apartment. The factors which affects how much house rent cost in Rivers State includes the following:

• The location of the house;
• The type of the apartment or house;
• And the facilities that are installed in the house and rooms.

THE AVERAGE COST OF HOUSE RENT IN PORT HARCOURT, RIVERS

The following is the normal cost of house rents in Port Harcourt, the capital of Rivers state. The figures that will be given are based on the information gotten from reliable sources about the house rent fee details in Rivers State.

COST OF RENTING 3 BEDROOM APARTMENT/FLAT IN PORT HARCOURT

A three (3) Bedroom apartment is an ideal option for a family setting. This kind of houses are for the most part found in GRA Port Harcourt and other remote areas in the city.

The expense of renting a 3 bedroom flat mm in Port Harcourt goes between ₦750,000 to ₦1 million every year.

In new developed places and less remote areas, the cost of a 3 bedroom flat is way less expensive than in the remote part of the city like GRA.

COST OF RENTING 2 BEDROOM FLAT IN PORT HARCOURT

Renting a 2 bedroom apartment or flat in Port Harcourt goes between ₦500,000 to ₦700,000 per annum. This kind of apartment is generally normal and pretty much found in most parts of Port Harcourt.

COST OF RENTING ONE BEDROOM APARTMENT IN PORT HARCOURT

The city of Port Harcourt has a good number of one bedroom flats that you can have an eye on. One Bedroom apartment is in every case available in the oil rich city.  Looking at the figures, the cost of renting one room and parlor in Port Harcourt is between ₦300,000 to ₦450,000 each year.

COST OF RENTING SELF CONTAIN ROOM IN PORT HARCOURT

Self Contain room is top pick for singles in Port Harcourt. It is quite possibly the most sought after type of apartment in the capital city of Rivers.

The expense of renting a self-contained apartment in Port Harcourt goes between ₦150,000 to ₦250,000 which is paid every year.

The significance of self con can’t be underestimated as it provides a comfortable place to live in. You can get these houses at a reduced rate than the 3 bedroom flat.

COST OF RENTING SINGLE ROOM IN PORT HARCOURT

If you wouldn’t want to bring much bulk while living in Port Harcourt, then you can go for a single room which is very affordable. The average cost of renting a single room apartment in Port Harcourt is around ₦70,000 each year.

Looking for where to see this kind of house? Single rooms are dominating in Diobu, mile 3 Port Harcourt, and other less remote areas in the state.

That’s the view of how much it costs to rent a house in Rivers State, especially in the remote areas like Port Harcourt. However, there might be slight dissimilarity however you can believe the information we have given on average Port Harcourt house rent costs. Note that these costs are contingent on the factors which we stated above.

Conclusion

Rivers State is probably the most richest state in Nigeria, however they stand in the second position being bettered by Lagos State. To complement their richness, the state is ascribed as the ‘Treasure Base of the Nation’.

With Rivers State being one of the main oil and gas producers in the country, there is no question the state is this far on the remunerative aspect. Port Harcourt, the state capital is a developed, commercial and industrialized city, which is viewed as the headquarter of the Niger Delta region of the country.

That’s the size of this article on the cost of house rent in Rivers State. We believe you now have the knowledge of what to budget for when looking for an accommodation in the oil rich city and state.