Toluwa AjayiAverage Prices For Rent In Lagos
If you are renting a new home, the money you set aside for rent is usually the biggest on your budget. I know budgeting can be challenging because you might not know what to expect while searching. This is why I have put together an average price list for rental properties in Lagos’s most requested environments. With this, you know what to expect if you are looking to rent in any one of these areas.
Price Table
As of October 2020, here is the price range of houses for rent in these locations in Nigeria.
Rent In Lagos: Price In Lekki, Lagos
| Location: Lekki | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦800,000 | ₦2,500,000,000 | ₦60,000 |
| 2 Bedrooms | ₦1,800,000 | ₦2,600,000,000 | ₦400,000 |
| 3 Bedrooms | ₦2,500,000 | ₦3,500,000,000 | ₦150,000 |
Rent In Lagos: Price In Ajah, Lagos
| Location: Ajah | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦400,000 | ₦650,000,000 | ₦55,000 |
| 2 Bedrooms | ₦800,000 | ₦120,000,000 | ₦100,000 |
| 3 Bedrooms | ₦1,000,000 | ₦1,600,000,000 | ₦120,000 |
Rent In Lagos: Price In Victoria Island (V.I.), Lagos
| Location: V.I. | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦1,500,000 | ₦9,000,000 | ₦350,000 |
| 2 Bedrooms | ₦3,000,000 | ₦55,000,000 | ₦1,000,000 |
| 3 Bedrooms | ₦4,000,000 | ₦70,000,000 | ₦1,500,000 |
Rent In Lagos: Price In Gbagada, Lagos
| Location: Gbagada | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦500,000 | ₦900,000 | ₦150,000 |
| 2 Bedrooms | ₦1,000,000 | ₦2,500,000 | ₦300,000 |
| 3 Bedrooms | ₦1,500,000 | ₦1,300,000,000 | ₦700,000 |
Rent In Lagos: Price In Ikeja, Lagos
| Location: Ikeja | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦350,000 | ₦3,500,000 | ₦84,000 |
| 2 Bedrooms | ₦800,000 | ₦1,200,000,000 | ₦150,000 |
| 3 Bedrooms | ₦1,500,000 | ₦3,000,000,000 | ₦400,000 |
Rent In Lagos: Price In Ijiaye, Lagos
| Location: Ijiaye | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦220,000 | ₦320,000 | ₦80,000 |
| 2 Bedrooms | ₦450,000 | ₦850,000 | ₦200,000 |
| 3 Bedrooms | ₦450,000 | ₦950,000 | ₦250,000 |
Rent In Lagos: Price In Surulere, Lagos
| Location: Surulere | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦450,000 | ₦1,500,000 | ₦150,000 |
| 2 Bedrooms | ₦830,000 | ₦2,500,000 | ₦400,000 |
| 3 Bedrooms | ₦1,100,000 | ₦1,500,000,000 | ₦200,000 |
Rent In Lagos: Price In Apapa, Lagos
| Location: Apapa | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦600,000 | ₦750,000 | ₦300,000 |
| 2 Bedrooms | ₦1,500,000 | ₦2,500,000 | ₦400,000 |
| 3 Bedrooms | ₦2,000,000 | ₦4,000,000 | ₦1,500,000 |
Rent In Lagos: Price In Ikotun, Lagos
| Location: Ikotun | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦190,000 | ₦300,000 | ₦100,000 |
| 2 Bedrooms | ₦300,000 | ₦700,000 | ₦200,000 |
| 3 Bedrooms | ₦480,000 | ₦700,000 | ₦300,000 |
Rent In Lagos: Price In Ipaja, Lagos
| Location: Ipaja | Average Price | Maximum Price | Minimum Price |
| Bedroom | ₦230,000 | ₦550,000 | ₦100,000 |
| 2 Bedrooms | ₦400,000 | ₦3,000,000 | ₦150,000 |
| 3 Bedrooms | ₦500,000 | ₦12,000,000 | ₦200,000 |
Rent In Lagos: Price In Ikorodu, Lagos
| Location: Ikorodu | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦150,000 | ₦400,000 | ₦60,000 |
| 2 Bedrooms | ₦300,000 | ₦2,000,000 | ₦80,000 |
| 3 Bedrooms | ₦400,000 | ₦2,000,000 | ₦150,000 |
Rent In Lagos: Price In Yaba, Lagos
| Location: Yaba | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦150,000 | ₦2,025,000 | ₦60,000 |
| 2 Bedrooms | ₦1,000,000 | ₦10,500,000 | ₦400,000 |
| 3 Bedrooms | ₦1,300,000 | ₦2,500,000,000 | ₦300,000 |
Rent In Lagos: Price In Maryland, Lagos
| Location: Maryland | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦650,000 | ₦2,500,000 | ₦96,000 |
| 2 Bedrooms | ₦1,200,000 | ₦3,000,000 | ₦400,000 |
| 3 Bedrooms | ₦1,800,000 | ₦4,500,000 | ₦700,000 |
Rent In Lagos: Price In Shomolu, Lagos
| Location: Shomolu | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦380,000 | ₦4,000,000 | ₦60,000 |
| 2 Bedrooms | ₦850,000 | ₦1,600,000 | ₦350,000 |
| 3 Bedrooms | ₦950,000 | ₦2,700,000 | ₦230,000 |
Rent In Lagos: Price In Ojota, Lagos
| Location: Ojota | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦350,000 | ₦550,000 | ₦150,000 |
| 2 Bedrooms | ₦850,000 | ₦1,200,000 | ₦500,000 |
| 3 Bedrooms | ₦1,000,000 | ₦1,250,000 | ₦700,000 |
Rent In Lagos: Price In Ketu, Lagos
| Location: Ketu | Average Price | Maximum Price | Minimum Price |
| 1 Bedroom | ₦350,000 | ₦1,200,000 | ₦140,000 |
| 2 Bedrooms | ₦700,000 | ₦1,300,000 | ₦200,000 |
| 3 Bedrooms | ₦850,000 | ₦2,000,000 | ₦150,000 |
If you are searching for an apartment in any of these areas, you should know your budget. Having a guide like this is essential as it helps you streamline your findings. You know if you want to downsize on the number of rooms, increase your number of rooms, change the location, and so on.
If paying your bulk rent will prove difficult, remember that Kwaba helps split your rent into convenient monthly installments. You can sign up for rental finance here, and you will be well on your way to your new home.
Watch out for next week’s episode. We’ll bring you average prices for rent in prominent places in Abuja.
Abraham Olaleke
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