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Private Property Rent Index · October 2026

Flat rent in Victoria Island, Lagos

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

Median rent · October 2026

₦23.4M/year

Typical: ₦14.7M–₦35.6M

Half of listings asked between these two figures.

Gross rental yield 4.7% · median price ₦495M

On last month
On a year ago
▼ -6.5%
▲ +17.6%
Listings
Listings published
266
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 Victoria Island by size, October 2026

All sizes ₦23.4M 1 bedroom ₦10M Small sample 2 bedrooms ₦25.3M Small sample 3 bedrooms ₦27.7M

Rent across Victoria Island, October 2026

Area Median Typical range On last month On a year ago Listings
Victoria Island Small sample ₦27.7M/year ₦15M–₦39.8M ▲ +5.0% ▲ +7.7% 81
Oniru Small sample ₦18.5M/year ₦12.2M–₦24.9M 0.0% ▲ +24.9% 78

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦23.4M/year ₦14.7M–₦35.6M 266 ▼ -6.5%
September 2026 ₦25M/year ₦14.8M–₦35.3M 265 ▼ -1.5%
August 2026 ₦25.4M/year ₦15M–₦35.3M 226 ▼ -7.8%
July 2026 ₦27.5M/year ₦18.5M–₦36.7M 216 ▼ -3.1%
June 2026 ₦28.4M/year ₦18.4M–₦39.3M 211 ▼ -1.4%
May 2026 ₦28.8M/year ₦19.6M–₦40M 224 ▲ +0.1%
April 2026 ₦28.8M/year ₦20M–₦42.2M 189 ▼ -2.6%
March 2026 ₦29.6M/year ₦23.2M–₦44.9M 167 ▲ +5.4%
February 2026 ₦28.1M/year ₦20M–₦39.3M 127 ▲ +8.0%
January 2026 ₦26M/year ₦19.5M–₦36.2M 117 ▲ +2.8%
December 2025 ₦25.3M/year ₦15M–₦32.7M 102 ▲ +24.6%
November 2025 ₦20.3M/year ₦14.7M–₦29.6M 137 ▲ +2.2%
October 2025 ₦19.9M/year ₦12.5M–₦29M 151 ▲ +7.4%
September 2025 ₦18.5M/year ₦12.3M–₦28.9M 191 ▼ -6.8%
August 2025 ₦19.8M/year ₦12.2M–₦26M 172 ▲ +0.7%
July 2025 ₦19.7M/year ₦12.3M–₦25.7M 168 ▼ -1.7%
June 2025 ₦20.1M/year ₦14.5M–₦26M 137 ▲ +12.0%
May 2025 ₦17.9M/year ₦10.9M–₦25.9M 190 ▲ +17.7%
April 2025 ₦15.2M/year ₦10.1M–₦25.9M 202 ▲ +2.7%
March 2025 ₦14.8M/year ₦9.9M–₦25.5M 226 ▲ +14.9%
February 2025 ₦12.9M/year ₦9.3M–₦23.3M 172 ▲ +5.9%
January 2025 ₦12.2M/year ₦7.9M–₦19.6M 179 ▲ +19.9%
December 2024 ₦10.2M/year ₦7.8M–₦14.9M 170 ▲ +0.3%
November 2024 ₦10.1M/year ₦7.8M–₦15M 183 ▲ +0.2%
See flat listings for rent in Victoria Island

Frequently asked

What is the typical flat rent in Victoria Island, Lagos?
The median asking rent for flat listings in Victoria Island, Lagos was ₦23.4M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for flat rents in Victoria Island, Lagos?
Half of the listings counted in October 2026 asked between ₦14.7M and ₦35.6M/year.
Are flat rents in Victoria Island, Lagos going up?
Yes. The median was up 17.6% on a year earlier: ₦23.4M/year in October 2026 against ₦19.9M/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/victoria-island
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