Private Property Rent Index · October 2026
Median asking rent for 3-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: ₦7.7M–₦34.8M
Half of listings asked between these two figures.
Gross rental yield 5.4% · median price ₦312M
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 | ₦12.8M/year | ▼ -1.3% | ▲ +6.4% | 285 |
| Ikoyi | ₦38.7M/year | ▲ +2.6% | ▲ +8.9% | 198 |
| Victoria Island | ₦27.7M/year | ▲ +8.0% | ▲ +21.6% | 117 |
| Ajah Small sample | ₦4M/year | ▼ -6.7% | ▲ +32.6% | 56 |
| Month | Median | Listings | On last month |
|---|---|---|---|
| October 2026 | ₦16.8M/year | 773 | ▼ -14.0% |
| September 2026 | ₦19.6M/year | 820 | ▼ -2.5% |
| August 2026 | ₦20.1M/year | 713 | ▼ -8.4% |
| July 2026 | ₦21.9M/year | 625 | ▼ -12.1% |
| June 2026 | ₦24.9M/year | 523 | ▲ +6.1% |
| May 2026 | ₦23.5M/year | 560 | ▼ -6.0% |
| April 2026 | ₦25M/year | 566 | ▲ +9.2% |
| March 2026 | ₦22.9M/year | 574 | ▲ +14.3% |
| February 2026 | ₦20M/year | 476 | ▲ +32.0% |
| January 2026 | ₦15.2M/year | 514 | ▲ +5.2% |
| December 2025 | ₦14.4M/year | 496 | ▲ +17.4% |
| November 2025 | ₦12.3M/year | 655 | ▲ +23.1% |
| October 2025 | ₦10M/year | 746 | ▲ +12.5% |
| September 2025 | ₦8.9M/year | 937 | ▲ +21.3% |
| August 2025 | ₦7.3M/year | 941 | ▲ +1.0% |
| July 2025 | ₦7.2M/year | 875 | ▲ +2.4% |
| June 2025 | ₦7.1M/year | 764 | ▲ +0.1% |
| May 2025 | ₦7.1M/year | 777 | ▲ +21.4% |
| April 2025 | ₦5.8M/year | 906 | ▲ +16.2% |
| March 2025 | ₦5M/year | 1,043 | ▲ +13.2% |
| February 2025 | ₦4.4M/year | 1,090 | ▼ -0.1% |
| January 2025 | ₦4.4M/year | 1,143 | ▼ -1.3% |
| December 2024 | ₦4.5M/year | 1,121 | ▼ -10.5% |
| November 2024 | ₦5M/year | 1,094 | ▲ +13.5% |