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Average Prices For Rent In Lagos

Average 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. 

Toluwa Ajayi

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