RENTS in Akwa Ibom are comparatively lower than in the top 5-7 states of Nigeria, from Lagos to Kano. But since Akwa Ibom has reinvented itself, now as a destination of preference for Nigerians from other parts and as a safe destination for FDI, cost of Real estate lease and acquisition has known a marginal rise. In 2009, for example, a studio apartment (self-contained) at Nwaniba road could go for N80,000 even in the neighbourhood of the University campus. But now, 10 years later, self-contained of similar quality will go for at least N120,000 in the same area.

Rents in Akwa Ibom
Aerial View of Uyo

 

In this article, we give an approximate rent value for the range of sizes from mini-flats (self-contained) to 3 bedroom flats in selected parts of the state where you could have interest. The more the number of rooms, the higher the rent and vice versa for the fewer rooms. The better the quality of the apartments, the higher the rents as well. Benefits such as power supply, security and water supply also influence price. These rents are for average quality residential apartments only and not for commercial ones.

Rents in Abak Akwa Ibom

The average rent for a mini flat here is ₦85,000 – N150,000 per year. Landlords may ask for 2 years rent before you move in, and very few would ask for a year’s rent or less.

Barracks Road

Known officially as Wellington Bassey way, this is where the Government House and other agencies of government are. It is extremely rare to find a house to rent here, but on adjoining streets, it could be easier. Keep N120,000 to N500,000.

 

Ifa Ikot Okpon

More and more people are moving to Ifa as Uyo expands towards the airport road. Keep between N80,000 and N350,000 per year as rent.

 

Abak road

Abak road runs from the Uyo city centre, Ibom plaza to Ekom Iman junction passing through the State and Federal Secretariat complexes and University of Uyo Teaching Hospital. Keep N85,000 to N300,000 per year.

 

Shelter Afrique

This estate is occupied mainly by the elites. Power supply is for up to 15-18 hours daily here and the average rent is between N200,000 and N1million.

 

We have a commercial property used by a bank on Nwaniba road, click here to buy or lease

Ikot Ekpene

Nigeria’s first local government and home to Akwa Ibom State Polytechnic, Ikot Ekpene has recently become a pedestrian town for people travelling between Cross River and South-East Nigeria. Keep between N100,000 and N250,000.

 

Itu Road/Ikpa Road/Udoette Street

Near the University of Uyo town campus and Annex, Itu road is inhabited by students mainly. Keep between N120,000 and N360,000.

 

Ikot Abasi/Mkpat Enin

This is the area where the Ibom power plant (IPP) is located. The Akwa Ibom State University main campus and the moribund Russian run aluminum company ALSCON are also in this area. Many parts here have near-steady power supply. Keep between N3000 per month and N250,000 per year.

 

Nung Oku

This is where you have Champions breweries which is said to have a certain business pact with Heineken international. Ring Road 3 running from the University of Uyo Nwaniba campus to the Godswill Akpabio international stadium passes through Nung Oku. Keep between N80,000 and N300,000 per year.

 

Nwaniba Road

Here is where you have the St Luke General Hospital, the University of Uyo permanent campus and all the way down to the Ibom (LeMeridien) Hotels and Golf Resort. Keep between N45,000 and N300,000 as rent per year.

 

Ewet Housing Estate

Another estate for the elites, keep between N300,000 and N1million per year for Ewet Housing.

 

Atiku Abubakar way

Parts of Atiku Abubakar way have near-steady power supply, especially the areas near Enen Afaha and Afaha Ube where there is a Power substation. Keep between N100,000 and N400,000 per year.

 

Please note that on our website, we specialize in helping you acquire property without hassles, but all requests regarding rent in Akwa Ibom and lease requests are handles by our affiliates, with our supervision.

For news on events in Akwa Ibom, visit Akwa Ibom Trending

Leave a Comment

Your email address will not be published. Required fields are marked *

Be first to receive latest offers