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Private Property Rent Index · October 2026

3-bedroom flat rent in Victoria Island, Lagos

Median asking rent for 3-bedroom 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

₦27.7M/year

Typical: ₦18.2M–₦37.4M

Half of listings asked between these two figures.

On last month
On a year ago
▲ +8.0%
▲ +21.6%
Listings
Listings published
117
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

Rent across Victoria Island, October 2026

Area Median Typical range On last month On a year ago Listings
Oniru Small sample ₦20.2M/year ₦15.4M–₦34.5M ▲ +0.2% ▲ +8.9% 37
Victoria Island Small sample ₦29.2M/year ₦18.5M–₦39.5M ▲ +12.1% Not available 32

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦27.7M/year ₦18.2M–₦37.4M 117 ▲ +8.0%
September 2026 ₦25.7M/year ₦17.9M–₦36.2M 112 ▼ -12.5%
August 2026 ₦29.3M/year ₦20M–₦38.8M 88 Small sample ▼ -1.7%
July 2026 ₦29.8M/year ₦20.4M–₦41.5M 94 Small sample ▼ -0.8%
June 2026 ₦30.1M/year ₦25.2M–₦45M 98 Small sample ▲ +0.4%
May 2026 ₦30M/year ₦25.2M–₦45.2M 105 ▼ -0.4%
April 2026 ₦30.1M/year ₦25.3M–₦40.7M 95 Small sample ▼ -5.4%
March 2026 ₦31.8M/year ₦25.3M–₦40.4M 93 Small sample ▲ +6.2%
February 2026 ₦30M/year ₦25.4M–₦39.3M 68 Small sample ▲ +2.4%
January 2026 ₦29.3M/year ₦25M–₦36.3M 70 Small sample ▲ +12.5%
December 2025 ₦26M/year ₦19.9M–₦35.6M 59 Small sample ▲ +3.9%
November 2025 ₦25M/year ₦17.9M–₦30.1M 75 Small sample ▲ +9.8%
October 2025 ₦22.8M/year ₦17.7M–₦29.8M 75 Small sample ▲ +12.1%
September 2025 ₦20.3M/year ₦15.2M–₦29.5M 88 Small sample ▼ -11.8%
August 2025 ₦23.1M/year ₦15.1M–₦29.4M 79 Small sample ▲ +5.0%
July 2025 ₦22M/year ₦14.9M–₦25.9M 77 Small sample ▼ -2.4%
June 2025 ₦22.5M/year ₦14.9M–₦27.4M 68 Small sample ▼ -2.4%
May 2025 ₦23.1M/year ₦14.7M–₦29.8M 88 Small sample 0.0%
April 2025 ₦23.1M/year ₦14.6M–₦30.2M 100 ▲ +16.1%
March 2025 ₦19.9M/year ₦12.5M–₦29.7M 111 ▲ +10.8%
February 2025 ₦17.9M/year ₦12.4M–₦28.9M 92 Small sample ▲ +20.6%
January 2025 ₦14.9M/year ₦10.1M–₦25.8M 104 ▲ +17.7%
December 2024 ₦12.6M/year ₦9.7M–₦18M 109 ▲ +2.4%
November 2024 ₦12.3M/year ₦9.7M–₦19.5M 119 ▼ -1.3%

Frequently asked

What is the typical 3-bedroom flat rent in Victoria Island, Lagos?
The median asking rent for 3-bedroom flat listings in Victoria Island, Lagos was ₦27.7M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for 3-bedroom flat rents in Victoria Island, Lagos?
Half of the listings counted in October 2026 asked between ₦18.2M and ₦37.4M/year.
Are 3-bedroom flat rents in Victoria Island, Lagos going up?
Yes. The median was up 21.6% on a year earlier: ₦27.7M/year in October 2026 against ₦22.8M/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/3-bedroom
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