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Private Property Rent Index · October 2026

Flat rent in Ikoyi, Lagos

Median asking rent for flat listings in Ikoyi, Lagos, from the listings first published on Private Property in the three months to each month.

Median rent · October 2026

₦36.3M/year

Typical: ₦28.4M–₦49.6M

Half of listings asked between these two figures.

Gross rental yield 4.9% · median price ₦741M

On last month
On a year ago
▼ -0.2%
▲ +2.5%
Listings
Listings published
340
Aug–Oct 2026

Median rent by month

Median   Typical range (lower to upper quartile). Asking prices of listings first published in the three months to each month.

Rent in Ikoyi by size, October 2026

All sizes ₦36.3M 1 bedroom ₦14.7M Small sample 2 bedrooms ₦29.4M Small sample 3 bedrooms ₦38.7M 4 bedrooms ₦51.2M Small sample

Rent across Ikoyi, October 2026

Area Median Typical range On last month On a year ago Listings
Banana Island Small sample ₦45.5M/year ₦35.7M–₦55.8M ▲ +0.1% ▲ +14.0% 81
Ikoyi Small sample ₦35.3M/year ₦25.3M–₦49.5M ▼ -1.1% ▼ -0.2% 63
Old Ikoyi Small sample ₦36.7M/year ₦29.9M–₦46.6M ▼ -1.2% ▲ +2.5% 62

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦36.3M/year ₦28.4M–₦49.6M 340 ▼ -0.2%
September 2026 ₦36.4M/year ₦28.2M–₦50.1M 404 ▼ -0.1%
August 2026 ₦36.5M/year ₦25.9M–₦50.1M 379 ▼ -0.3%
July 2026 ₦36.6M/year ₦25.7M–₦49.7M 341 0.0%
June 2026 ₦36.6M/year ₦28.8M–₦46.5M 285 ▲ +0.2%
May 2026 ₦36.5M/year ₦28.9M–₦45.8M 280 ▼ -3.3%
April 2026 ₦37.8M/year ₦29.2M–₦49.5M 301 ▼ -2.6%
March 2026 ₦38.8M/year ₦29M–₦50.7M 287 ▼ -0.7%
February 2026 ₦39M/year ₦29.2M–₦51.4M 232 ▼ -0.2%
January 2026 ₦39.1M/year ₦28.8M–₦51M 202 0.0%
December 2025 ₦39.1M/year ₦25.9M–₦50.3M 204 ▲ +0.9%
November 2025 ₦38.7M/year ₦25.6M–₦50.4M 247 ▲ +9.2%
October 2025 ₦35.5M/year ₦25M–₦46.6M 263 ▲ +20.1%
September 2025 ₦29.5M/year ₦19.8M–₦44.9M 341 ▲ +1.8%
August 2025 ₦29M/year ₦19.5M–₦39.9M 331 ▼ -0.4%
July 2025 ₦29.1M/year ₦18.5M–₦40.1M 318 ▼ -0.9%
June 2025 ₦29.4M/year ₦20.1M–₦39.8M 261 ▼ -0.3%
May 2025 ₦29.5M/year ₦17.9M–₦40.3M 280 ▲ +15.1%
April 2025 ₦25.6M/year ₦14.9M–₦38.8M 290 ▲ +16.6%
March 2025 ₦22M/year ₦14.2M–₦36.2M 271 ▲ +10.9%
February 2025 ₦19.8M/year ₦13.1M–₦29.9M 232 ▲ +8.5%
January 2025 ₦18.3M/year ₦12.5M–₦29.3M 235 ▲ +1.5%
December 2024 ₦18M/year ₦12.4M–₦28.3M 244 ▲ +13.6%
November 2024 ₦15.8M/year ₦12.3M–₦25.5M 267 ▲ +2.5%
See flat listings for rent in Ikoyi

Frequently asked

What is the typical flat rent in Ikoyi, Lagos?
The median asking rent for flat listings in Ikoyi, Lagos was ₦36.3M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for flat rents in Ikoyi, Lagos?
Half of the listings counted in October 2026 asked between ₦28.4M and ₦49.6M/year.
Are flat rents in Ikoyi, Lagos going up?
Yes. The median was up 2.5% on a year earlier: ₦36.3M/year in October 2026 against ₦35.5M/year in October 2025.
Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/flats-apartments/lagos/ikoyi
Free to reuse under CC BY 4.0, with credit to Private Property and a link to this page.
How these figures are worked out