Lagos tenants face a stark reality in 2026 as average annual rent for 1-bedroom flats varies dramatically across neighborhoods, from a staggering ₦15 million in Ikoyi to just ₦450,000 in Ikorodu, according to fresh Statisense data from Nigeria Property Centre.
According to the research breakdown, Ikoyi commanding top price at ₦15 million yearly, followed by Victoria Island at ₦8 million and Lekki at ₦4 million. More affordable mid-range areas like Maryland, Gbagada, and Ikeja average ₦2.5 million annually.
Here’s the complete breakdown of average 1-bedroom rents across selected Lagos locations:
Ikoyi: ₦15.0 million
Victoria Island: ₦8.0 million
Lekki: ₦4.0 million
Maryland: ₦2.5 million
Gbagada: ₦2.5 million
Ikeja: ₦2.5 million
Shomolu: ₦2.0 million
Ogudu: ₦2.0 million
Yaba: ₦2.0 million
Magodo: ₦2.0 million
Ilupeju: ₦2.0 million
Surulere: ₦2.0 million
Ketu: ₦1.6 million
Ajah: ₦1.6 million
Ojodu: ₦1.5 million
Mushin: ₦1.5 million
Isolo: ₦1.5 million
Alimosho: ₦1.2 million
Agege: ₦1.2 million
Kosofe: ₦1.0 million
Ibeju Lekki: ₦1.0 million
Ipaja: ₦900,000
Ikorodu: ₦450,000