Lagos House Rent Analysis
Did you know that the most popular type of apartment in Lagos is a two-bedroom apartment? Our data shows that 34.19% of apartments available for rent in Lagos are two-bedroom apartments.
We are sure you are wondering how we know this.
The world of house rent in Lagos can be complex and overwhelming, but with the right information and tools, you can navigate it like a pro. So, keep reading our blog for more insights and tips on how to find your dream home in Lagos!
We’ve compiled extensive data on the rental market in Lagos, covering everything from the total number of apartments available to the percentage of newly built apartments with data scraped from propertypro.ng.
To start, let’s take a look at the big picture. According to our data, we analyzed a total of 49,927 apartments available for rent in Lagos. These apartments are spread across 17 local government areas, providing a wide range of options for anyone looking to rent a house in Lagos.
Now, let’s dive into the details of each local government area. We’ve gathered different metrics for each area that will be beneficial to you in your house-hunting journey. So, whether you’re looking for a house in Agege or Eti-Osa, we’ve got you covered.
ETI-OSA
Did you know that before the Nigerian Capital moved to Abuja, Eti-Osa used to serve as the seat of the national capital alongside Lagos Island?
Eti-Osa is very well known for being one of the most affluent and upscale areas in Lagos. It’s home to most of the city’s most expensive real estate, high-end restaurants, luxury boutiques, and world-class hotels. Also, with its proximity to major business districts, it’s no wonder that Eti-Osa has become the go-to destination for affluent Nigerians.
With a total of 17,704 apartments in Eti-Osa, the average price for renting an apartment is ₦3,100,000. The rent price also varies based on the number of bedrooms in the apartment. For a 1-bedroom apartment in Eti-Osa, the average rent is ₦1,160,000, and for a 3-bedroom apartment, the rent increases to ₦4,700,000.
Eti-Osa has undergone significant development and is now considered one of the most prosperous areas in Lagos State, with some of the wealthiest Nigerians living in the area. So, if you’re looking to live in luxury and enjoy the good life, Eti-Osa is the place to be!
APAPA
When you think of bustling seaport and industrial activities, you think of Apapa.
With an analysis of 44 apartments, the average price of an apartment in Apapa is ₦1,500,000. For those looking for a cozy 1-bedroom apartment, the average price is ₦960,000, with newly built homes priced at ₦1,300,00. 2-bedroom apartments are a bit pricier, with an average cost of ₦1,300,000 and newly built ones costing ₦2,800,000. However, the minimum price for a 2-bedroom apartment is just ₦400,000 which might be great news for those on a tight budget.
The average price of a 3-bedroom apartment in Apapa is ₦2,000,000, with newly built ones costing ₦4,700,000. It’s important to note that the minimum price for a 3-bedroom apartment in some areas can go as low as ₦300,000, making it an affordable option for those looking for a bigger space.
Overall, Apapa may be a great choice for those who work in or around the seaport area. Plus, the area is known for its delicious seafood, which is a popular delicacy in Lagos.
IKEJA
Ikeja is home to the famous Ikeja City Mall, where you can shop till you drop.
It is the capital of Lagos and it is also one of the most sought-after places to live in Lagos. According to the data provided, the average price of an apartment in Ikeja is ₦1,300,000, with a total number of 5,493 apartments. For a 1-bedroom apartment, the average price is ₦610,000 and for a 3-bedroom apartment, the average price is ₦1,900,000.
If you’re on a budget, you can find a 2-bedroom apartment for as low as ₦200,000, but if you’re looking for luxury, a serviced 3-bedroom apartment can cost up to ₦3,600,000.
So, whether you’re a young professional or a family looking for a comfortable place to call home, Ikeja has something for everyone.
SOMOLU
Somolu is home to over 400,000 people and about 4,000 apartments available in our data. If you’re looking for a place to live, you’ll be pleased to know that the average price for an apartment here is ₦1,000,000.
For 1-bedroom apartments, the average price is ₦600,000. For 2-bedroom apartments, the average price is ₦1,100,000, with no significant price difference between serviced and non-serviced apartments. Finally, 3-bedroom apartments have an average price of ₦1,700,000 and can go for as low as ₦500,000.
Somolu is known for its bustling markets and vibrant nightlife, with many bars and clubs open well into the night.
SURULERE
Let’s take a look at Surulere!
Aside from apartments, Surulere is known for its vibrant nightlife, shopping centers, and popular street markets.
This bustling Lagos neighborhood has a total of 2,990 apartments from our data, with an average price of ₦1,000,000. That’s a lot of apartments to choose from! If you’re looking for a cozy 1-bedroom apartment, you can get it for an average price of ₦600,000. For those in need of a little more space, there are 1,198 2-bedroom apartments available, with an average price of ₦1,100,000. You can even find some luxury options with a maximum price of ₦5,000,000.
But if you’re looking to spread out, Surulere has a variety of 3-bedroom apartments available, with an average price of ₦2,000,000. And if you’re feeling like a baller, the maximum price goes all the way up to ₦10,000,000!
AMUWO-ODOFIN
Amuwo-Odofin is known for its wide range of local businesses, and the area is well-connected to other parts of Lagos.
With a total of 413 apartments available in our data, you’re bound to find a suitable place to call home. The average price for an apartment in Amuwo-Odofin is ₦1,000,000, which is quite affordable compared to other areas in Lagos. The population of the area is estimated to be 500,576 which means that you’ll be part of a vibrant and diverse community.
If you’re looking for a 1-bedroom apartment in Amuwo Odofin, you’re in luck, as the average price for these apartments is ₦500,000, which is reasonable considering the area’s amenities. The maximum rent for a 1-bedroom apartment is ₦1,500,000 so you have a good range of options to choose from.
For a 2-bedroom apartment, the average price is ₦1,000,000 and the maximum price for a two-bedroom apartment is ₦2,500,000 so you can find a great apartment within your budget.
If you’re looking for a 3-bedroom apartment in Amuwo-Odofin, there are 123 units available. The average price for these apartments is ₦1,400,000 which is quite affordable compared to other areas in Lagos.
MUSHIN
Nestled in the heart of Nigeria, lies a vibrant and bustling neighborhood known as Mushin. Mushin has become a melting pot of cultures and experiences. Many Nigerians are familiar with Mushin for its lively markets and vibrant street life.
Let’s dive into the numbers and discover the housing landscape that Mushin has to offer. With an estimated population of over 633,543 residents, it’s no wonder that the demand for affordable housing is high. With 1-bedroom apartments averaging at ₦500,000, young professionals and individuals seeking independence can find an affordable yet cozy living space.
Families or those requiring more room can explore the 2-bedroom apartments, with an average price of ₦1,100,000 and a touch of luxury available at a maximum price of ₦2,500,000. For those with larger families or a desire for spacious living, the 3-bedroom apartments offer ample comfort, with the potential for luxurious spaces at an average price of ₦1,700,000 and a maximum price of ₦4,000,000.
LAGOS MAINLAND
Lagos Mainland holds a special place in the hearts of Nigerians.
It’s renowned for its vibrant markets, such as the iconic Oyingbo Market and the bustling Yaba Market. These markets offer a delightful array of products and services, even way more than you can think of. This location also hosts the newly commissioned Mobolaji Johnson train station which enhances the commute across Lagos, Ogun, and Oyo states.
The average price for apartments in this Local government stands at a pocket-friendly ₦600,000, making it an affordable haven for those starting. And if you crave a taste of luxury, the maximum rent of ₦6,500,000 unveils a world of opulence that awaits.
If you’re looking for a 1-bedroom apartment, the average price is estimated to be ₦600,000. But, if you require more space, the 2-bedroom apartments in Lagos Mainland are worth exploring. The average price for a 2-bedroom apartment is ₦1,200,000, striking a balance between affordability and quality.
For those with larger families or a desire for extensive living arrangements, the 3-bedroom apartments in Lagos Mainland are sure to captivate your imagination. The average price for a 3-bedroom apartment is ₦2,000,000, this showcases the potential for spacious and luxurious living.
IKORODU
Beyond the housing options, Ikorodu boasts several fascinating features that make it a beloved neighborhood in Nigeria. A-list Nigerian celebrities like Oga Bello, Funsho Adeolu, Funke Akindele, Jide Kosoko, and Nike Peller but to mention a few have roots in this region.
The proposed fourth mainland bridge and the famous Imota Rice Mill are landmarks that add to the allure of Ikorodu, making it a place of both historical significance and future possibilities.
Let’s embark on a journey through Ikorodu’s housing landscape and discover the treasures it holds. For those seeking a cozy and affordable living space, the 1-bedroom apartments are a perfect fit. The average price for these apartments stands at a remarkably affordable ₦200,000 making it an ideal choice for individuals starting their independent journey. Plus, the maximum rent of ₦1,000,000 offers a glimpse into the potential for upscale living within the neighborhood.
The 2-bedroom apartments have an average price of ₦400,000, while the 3-bedroom apartments offer ample space and comfort for larger families. The average price for a 3-bedroom apartment is ₦1,000,000 the maximum price of ₦2,000,000 reveals the potential for spacious and luxurious living spaces.
OSHODI-ISOLO
Welcome to the heart of Lagos, where the spirited neighborhood of Oshodi-Isolo awaits your arrival. Bursting with energy, Oshodi-Isolo has become a cherished haven for countless Nigerians. Boasting an estimated population of 1,621,789 and a staggering 2,718 apartments, this vibrant community caters to diverse budgets and lifestyles, making it an ideal place to call home.
If you’re seeking a home that won’t break the bank, the 1-bedroom apartments are an enticing option. The average price for these charming abodes stands at an inviting ₦500,000.
Picture yourself reveling in the perfect balance of affordability and quality, with an average price of ₦800,000, for a 2-bedroom apartment in Oshodi-Isolo. Dare to dream bigger? The 3-bedroom apartments of Oshodi-Isolo will capture your imagination, with the average price standing at ₦1,000,000.
IFAKO-IJAIYE
Fasten your seatbelts as we embark on this exciting journey to unveil the secrets behind Ifako-Ijaiye’s housing market!
Let’s dive right into the heart of the matter and explore some captivating insights from our data. Ifako-Ijaiye’s 1-bedroom apartments come at an average price of ₦400,000, making them an affordable choice for people seeking homes with a tight budget amidst the city’s hustle and bustle. Looking for a bit more space to stretch your legs? The 2-bedroom apartments go for an average price of ₦800,000, they provide an attractive option for small families or roommates seeking a shared haven.
But wait, there’s more! The 3-bedroom apartments go for an average price of ₦1,000,000 they offer a superb balance between space, comfort, and affordability.
AGEGE
Picture this: you’re strolling down the vibrant streets of Lagos, and the air is filled with the aroma of street food. Welcome to Agege, a neighborhood steeped in history, culture, and a vibrant housing market that reflects the heart and soul of Lagosians. Let’s dive right into the numbers, Agege, with an estimated population of 461,123 is a thriving hub of activity.
Now, let’s step into the realm of Agege’s house rentals and discover the tales of 1-bedroom, 2-bedroom, and 3-bedroom apartments. Out of 153 1-bedroom apartments that might just steal your heart. These charming abodes come at an average price of ₦370,000, making them an attractive choice for singles.
The best part? You’ll find hidden gems offering maximum rents as low as ₦700,000! It’s an opportunity not to be missed for those seeking a budget-friendly haven in the heart of Lagos.
And here’s the cherry on top: among these homes are a few exquisite 2-bedroom masterpieces with an average price of ₦640,000 and three-bedroom masterpieces with average rents reaching up to ₦800,000!
ALIMOSHO
In Alimosho, we find a staggering total of 4,071 apartments up for rent in our data, housing a thriving estimated population of 1,456,783 individuals. It’s safe to say that Alimosho is truly alive and teeming with opportunities! According to our Data, Alimosho is home to 1,298 charming 1-bedroom apartments. The apartments come with an average rental price of ₦300,000, making them a budget-friendly option. The average rental price for a 2-bedroom apartment stands at ₦550,000 and a 3-bedroom apartment stands at ₦740,000 providing a touch of elegance.
KOSOFE
Get ready for exciting housing prices in Kosofe, that are not only pocket-friendly but also perfectly suited to the needs of Lagos residents.
With an astounding estimated population of 665,421 individuals, it comes as no surprise that finding the ideal apartment can be quite a challenge. However, worry not! We have analyzed the data to bring you the most relevant and significant insights. If you’re a Lagosian in search of a cozy and affordable one-bedroom apartment, rejoice! Out of 1,330 apartments, the average price for these delightful abodes hovers around ₦600,000, offering an enticing opportunity for budget-conscious individuals.
While luxury may seem out of reach for some, it’s worth noting that the average rent for a 1-bedroom apartment in Kosofe is a modest ₦600,000. Kosofe presents an array of two-bedroom apartments out of a total of 1,156 such homes; the average price for a 2-bedroom apartment stands at a reasonable ₦1,200,000.
Now, let’s shift our focus to the grandeur of 3-bedroom apartments in Kosofe. The average price for a 3-bedroom apartment reaches approximately ₦2,000,000, providing a taste of luxurious living. And for those seeking the pinnacle of opulence, Kosofe presents a handful of extravagant options with rents reaching as high as ₦6,000,000.
OJO
With a population of 598,336, this bustling hub offers a vibrant atmosphere and a wide range of amenities. So, what about rent prices in this diverse community?
In Ojo, out of a total of 57 apartments, the average price for these apartments is ₦300,000. Now, let’s explore the details: If you’re searching for a cozy 1-bedroom apartment, you’re in luck. The average price for the 1-bedroom apartment available is ₦300,000.
Need a bit more space? The 2-bedroom apartments have an average rent price of ₦400,000. And for those in need of an extra room, 3-bedroom apartments await you, with an average price of ₦900,000. Ojo is a melting pot of different ethnicities, offering a vibrant atmosphere and diverse community. With a wide range of rental options catering to various budgets, it’s an ideal choice for young professionals and students seeking affordability without compromising on amenities and cultural experiences.
EPE
This local government area is nestled along the Lekki-Epe Expressway. With a population of 181,715, Epe offers a serene environment and is known for its beautiful landscapes and fishing activities. So, how do rent prices fare in this serene escape?
Epe provides apartments available for rent, with an average price of ₦400,000. Let’s uncover the specifics: For a 1-bedroom apartment, Epe has options available, averaging at ₦200,000. For a bit more space, the 2-bedroom apartments have an average price of ₦400,000. And if you’re seeking a spacious retreat, there’s a 3-bedroom apartment at ₦2,000,000.
Epe offers an affordable and tranquil living environment, perfect for nature enthusiasts and those seeking a peaceful retreat. The picturesque landscapes and lower rent prices make it an ideal choice for individuals yearning for serenity and natural beauty.
BADAGRY
Badagry is where History Meets Affordability.
Badagry is an area steeped in history and tranquility. With a population of 241,437, this gem offers a serene environment that strikes a balance between urban amenities and natural beauty. But what about rent prices? In Badagry, the average price for these apartments is an affordable ₦300,000.
Now, let’s dive into the specifics:
For those seeking a cozy 1-bedroom apartment, the average price is ₦100,000. If you prefer a bit more space, there are 2-bedroom apartments on offer, averaging ₦400,000. Looking for even more room to stretch out? You’ll find 3-bedroom apartments, with an average price of ₦900,000.
Badagry not only offers affordable rent prices but also provides historical significance and a tranquil environment. It’s a haven for those seeking affordable living options, whether you’re an individual or a family looking for peace and tranquility in this ever-busy Lagos.
In conclusion, as you embark on your house hunt, keep an eye out for the hidden treasures within the data. Discover the neighborhoods where rental prices align with your budget, and explore the amenities and facilities that make each area special.
Whether you’re seeking a cozy 1-bedroom sanctuary or a spacious 3-bedroom haven, you’ll find options that suit your needs. Let the data guide you on this exciting journey, leading you to the apartment of your dreams 1 Like |
