Growing up, many of us were told: "Focus on school, graduate, get a job, and eventually move out and rent your own place.
If you’re reading this, chances are you’ve checked off a couple of those boxes — or maybe you’re simply curious about the current rental market in Addis Ababa. Whether you're actively house-hunting or just a real estate enthusiast, this blog is for you.
In this Blog post, we’ll break down how much it really costs to rent an apartment in Addis Ababa, from high-end areas to more budget-friendly neighborhoods.
Popular Neighborhoods & Average Monthly Rent
Rental prices in Addis Ababa vary widely based on location, apartment size, and included amenities. Here’s a general overview of what you can expect for a 2-bedroom apartment in some of the city's most searched neighborhoods:
Neighborhood Average Monthly rent in Addis Ababa (ETB)
- Bole (90,000 - 120,000) Popular with expats, close to malls, restaurants, and the airport.
- Kazanchis (70,000- 100,000) Ideal for professionals working at international organizations; near major offices and hotels.
- Bisrate Gebriel (80,000-100,000) Quiet, residential, and close to key roads.
- Megenagna (50,000-80,000) Good mix of affordability and accessibility.
- Summit (30,000-70,000) Gaining popularity, slightly more affordable.
Factors That Affect Rent Prices in Addis Ababa
When looking for a place, keep in mind the following:
- Furnishing: Fully furnished units cost more but are convenient for short-term or diaspora renters.
- Amenities: Elevators, generators, parking, and security can increase the price.
- Lease Duration: Some landlords offer slight discounts for 6+ month commitments.
- Neighborhood Demand: High-demand areas like Bole and Kazanchis usually come with premium pricing.
Where to Find Apartments for Rent
To avoid the stress of house-hunting and endless calls, check our website a trusted platform that connects buyers, renters, and property agents across Addis Ababa. Listings are updated regularly, and you can filter by location, price range, and apartment type.
Renting in Addis Ababa can be exciting especially if you’re moving out for the first time or returning home for the holidays. Knowing the market helps you make smarter choices and avoid overpriced listings.
Whether you’re looking for luxury, something mid-range, or a more affordable place, there’s something for everyone in the city.
Looking for property options? If you're searching for a place to stay, there are apartments for rent as well as condominiums for rent, offering modern living spaces. For those looking to invest or own, you can find apartments for sale along with condominiums for sale. For family homes, explore houses for rent, or consider houses for sale. Investors can also find land for sale for future development.