Private Property Rent Index · October 2026
Median asking rent for 1-bedroom flat listings in Lagos, from the listings first published on Private Property in the three months to each month.
Median rent · October 2026
Typical: ₦1.8M–₦5.1M
Half of listings asked between these two figures.
Gross rental yield 2.4% · median price ₦121M
Median Typical range (lower to upper quartile). Asking prices of listings first published in the three months to each month.
| City / LGA | Median | On last month | On a year ago | Listings |
|---|---|---|---|---|
| Lekki | ₦3.5M/year | ▲ +0.3% | ▲ +18.4% | 517 |
| Ajah | ₦1.8M/year | ▼ -6.8% | ▲ +41.1% | 107 |
| Victoria Island Small sample | ₦10M/year | ▲ +11.7% | ▲ +11.3% | 53 |
| Ikoyi Small sample | ₦14.7M/year | ▼ -0.8% | ▼ -8.4% | 34 |
| Shomolu Small sample | ₦1.5M/year | ▼ -2.4% | ▲ +15.3% | 28 |
| Yaba Small sample | ₦1.8M/year | ▼ -6.7% | ▲ +21.4% | 27 |
| Surulere Small sample | ₦2.4M/year | ▼ -1.0% | ▲ +28.7% | 26 |
| Ikorodu Small sample | ₦609K/year | ▲ +25.3% | Not available | 20 |
| Ibeju-Lekki Small sample | ₦945K/year | ▼ -7.1% | Not available | 20 |
| Month | Median | Listings | On last month |
|---|---|---|---|
| October 2026 | ₦2.9M/year | 932 | ▼ -1.0% |
| September 2026 | ₦2.9M/year | 874 | ▼ -0.5% |
| August 2026 | ₦3M/year | 715 | ▼ -0.5% |
| July 2026 | ₦3M/year | 569 | ▲ +1.2% |
| June 2026 | ₦2.9M/year | 532 | ▼ -3.5% |
| May 2026 | ₦3M/year | 511 | ▲ +0.4% |
| April 2026 | ₦3M/year | 490 | ▲ +1.3% |
| March 2026 | ₦3M/year | 458 | ▲ +6.3% |
| February 2026 | ₦2.8M/year | 417 | ▲ +14.4% |
| January 2026 | ₦2.5M/year | 456 | ▲ +11.3% |
| December 2025 | ₦2.2M/year | 478 | ▲ +11.0% |
| November 2025 | ₦2M/year | 848 | ▲ +8.0% |
| October 2025 | ₦1.8M/year | 1,104 | ▼ -0.1% |
| September 2025 | ₦1.8M/year | 1,434 | ▲ +3.2% |
| August 2025 | ₦1.8M/year | 1,526 | ▲ +2.6% |
| July 2025 | ₦1.7M/year | 1,447 | ▲ +11.1% |
| June 2025 | ₦1.6M/year | 1,247 | ▲ +0.3% |
| May 2025 | ₦1.6M/year | 1,267 | ▲ +1.7% |
| April 2025 | ₦1.5M/year | 1,377 | ▲ +0.2% |
| March 2025 | ₦1.5M/year | 1,444 | ▲ +2.4% |
| February 2025 | ₦1.5M/year | 1,326 | ▲ +0.5% |
| January 2025 | ₦1.5M/year | 1,451 | ▲ +5.9% |
| December 2024 | ₦1.4M/year | 1,427 | ▼ -1.5% |
| November 2024 | ₦1.4M/year | 1,533 | ▲ +7.5% |