There comes a point where you want to move from a single room or a “face-me-I-face-you” apartment because you would like to have a sitting room or an extra bedroom. This need usually arises when you get married or have children.
However, in a metropolitan city like Lagos, how much do you actually need to rent a one-or-two-bedroom apartment decent areas?
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The Cost of Rent for a One-bedroom Apartment in Lagos
According to the Lagos Residential Market Report Index (2025), here is the average cost of a one-bedroom apartment by location:
- Badagry: ₦358,000
- Epe: ₦400,000
- Ikorodu: ₦500,000
- Ojo: ₦616,000
- Mushin: ₦735,000
- Ajegunle: ₦750,000
- Agege: ₦755,000
- Alimosho: ₦802,000
- Oshodi: ₦840,000
- Festac: ₦1 million
- Shomolu: ₦1.1 million
- Ketu: ₦1.1 million
- Apapa: ₦1.3 million
- Surulere: ₦1.5 million
- Gbagada: ₦2 million
- Ajah: ₦2 million
- Yaba: ₦2.2 million
- Ikeja: ₦3.2 million
- Lekki Phase 2: ₦3.5 million
- Lekki Phase 1: ₦4.5 million
- Victoria Island: ₦7.5 million
- Ikoyi: ₦8 million
- Banana Island: ₦10 million
What’s The Cost of Rent for a Two-bedroom Apartment in Lagos?
Based on the same 2025 Market Index, here are the rates for a two-bedroom apartment:
- Gbagada: ₦2.6 million
- Yaba: ₦3 million
- Ajah: ₦3.2 million
- Ikeja: ₦5.2 million
- Lekki Phase 1: ₦8.5 million
- Victoria Island: ₦12.5 million
- Ikoyi: ₦15.5 million
- Banana Island: ₦15.5 million
The Reality of the Housing Crisis in Lagos
Bear in mind that the minimum wage in Nigeria is ₦70,000, and according to Forbes Africa, only 7% of workers in Lagos earn above ₦200,000 monthly.
This data highlights the large-scale housing crisis currently facing the city. It means that many people with large families are forced to live cramped in single-room apartments in rough areas because decent housing has become a luxury.
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