Two-bedroom apartments remain one of the most sought-after rental options in Lagos. They offer you a balanced amount of space, privacy, and cost. These apartments are perfect for young families, professionals splitting rent, and anyone tired of squeezing their whole life into a self-contained apartment.
However, Lagos is a city where rent is constantly increasing, and housing supply keeps struggling to match demand. Hence, affordability now comes with compromises. You have to consider the location, commute time, infrastructure quality, and daily convenience into the final cost of living in the city.
To simplify your search, we reference data from the Lagos Residential Market Report 2025 by Edala Development. Based on this report, here are the 10 cheapest places to rent a two-bedroom apartment in Lagos and what living in each looks like. 
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10. Festac — ₦1.5 million
From the start, Festac Town was a planned federal housing estate, and that structure still shows. Its wide roads, multiple access points, and organised layouts make it attractive for tenants working along the Lagos-Badagry axis.
Over the years, relaxed ownership rules turned it into a strong rental market. However, aging infrastructure and inconsistent utilities mean that as a tenant, you often have to budget for maintenance fixes.
9. Ajegunle — ₦1.4 million
Ajegunle’s affordability reflects its density and long-standing infrastructure challenges. Sitting close to the Apapa ports, it attracts traders, dock workers, and small business owners.
This area has markets, hospitals, and transport hubs that support daily living. While recent private developments hint at a gradual transformation, traffic congestion and overcrowding remain unavoidable issues.
8. Agege — ₦1.2 million
Agege combines intense commercial energy with improving connectivity. This neighborhood has enough markets to power its economy, while landmarks like the Pen Cinema Flyover and railway station make commuting easier.
Residential estates in Agege also offer some stability for families. However, busy streets and constant activity mean you have to deal with the noise and congestion issues.
7. Oshodi — ₦1.1 million
Oshodi thrives on movement. Its transport interchange connects multiple BRT routes, making it one of Lagos’ most accessible areas. With the various massive markets in the area, food and essentials are affordable.
But the downside is density. Can you deal with the crowds, traffic, and noise as a part of your daily life?
6. Mushin — ₦1.1 million
Mushin has a good balance of residential life and active commerce. The major roads and public transport options keep movement flexible, while markets like Ojuwoye and Ladipo sustain livelihoods for many. While this area doesn’t lack most basic amenities, waste management issues and congestion can test your patience as a resident.
5. Alimosho — ₦1 million
As Lagos’ most populous local government, Alimosho is home to several estates, markets, and schools. Renting a 2-bedroom apartment here means you get space and affordability. The top pick neighborhoods are Ikotun and Ayobo.
But long commute times to business districts are the price paid for cheaper housing here.
4. Ojo — ₦967,000
Ojo’s economy relies on trade and education. Alaba International Market keeps most residents employed, while Lagos State University (LASU) ensures steady rental demand.
Road access via the Lagos-Badagry Expressway and ferry routes improves transportation. But traffic along the axis can stretch daily travel times.
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3. Ikorodu — ₦815,000
Ikorodu might be Lagos’ forgotten sibling, but it combines affordability with good infrastructure. Interestingly, BRT lanes and jetties make commuting surprisingly easy. Also, the universities and industries in this area strengthen their economy. Housing options range from old neighbourhoods to expanding estates.
While road traffic can be intense, water transport offers a smart alternative.
2. Epe — ₦605,000
Epe is as calm as it gets. Rent is low, food is fresh, and the waterways are key to daily life here. Fishing, farming, and local markets drive the economy. While beaches and mangroves add the scenic appeal, the area is famous for.
Due to the distance from central Lagos, it’s better suited for remote workers or slower-paced lifestyles.
1. Badagry — ₦575,000
Badagry tops the list of the cheapest places to rent a two-bedroom apartment in Lagos. Trade here revolves around fishing, tourism, and cross-border trade, while inland waterways offer transport alternatives. The Sokoto-Badagry Superhighway project promises even better long-term growth.
However, like Epe, the trade-off is the distance from central Lagos.
Total Package
The cheapest places to rent in Lagos are always a negotiation between distance, population, or infrastructure gaps. This list isn’t about the perfect neighbourhoods. But at least you know what you’re paying for.
It’s never just about the cheapest rent. Are you choosing a compromise you can live with?
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