Skip to main content
Loading...

Private Property Rent Index · October 2026

5-bedroom house rent in Banana Island, Lagos

Median asking rent for 5-bedroom house listings in Banana Island, Lagos, from the listings first published on Private Property in the three months to each month.

Median rent · October 2026

₦97.4M/year

Typical: ₦76.7M–₦125M

Half of listings asked between these two figures. Small sample

On last month
On a year ago
▼ -19.4%
Not available
Listings
Listings published
30
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 Banana Island by size, October 2026

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦97.4M/year ₦76.7M–₦125M 30 Small sample ▼ -19.4%
September 2026 ₦121M/year ₦77.5M–₦130M 33 Small sample ▼ -4.5%
August 2026 ₦126M/year ₦76.7M–₦151M 33 Small sample ▲ +0.2%
July 2026 ₦126M/year ₦79.6M–₦160M 35 Small sample ▲ +0.7%
June 2026 ₦125M/year ₦78.8M–₦147M 28 Small sample Not available
January 2026 ₦80.1M/year ₦77.7M–₦100M 20 Small sample Not available
November 2024 ₦78M/year ₦71.3M–₦90.5M 22 Small sample ▲ +0.2%
October 2024 ₦77.8M/year ₦71.3M–₦79.9M 22 Small sample Not available
March 2023 ₦25.9M/year ₦19.7M–₦29.9M 21 Small sample Not available

Frequently asked

What is the typical 5-bedroom house rent in Banana Island, Lagos?
The median asking rent for 5-bedroom house listings in Banana Island, Lagos was ₦97.4M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for 5-bedroom house rents in Banana Island, Lagos?
Half of the listings counted in October 2026 asked between ₦76.7M and ₦125M/year.
Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/houses/lagos/ikoyi/banana-island/5-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