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Private Property Rent Index · October 2026

Property rent in Lagos

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

Median rent · October 2026

₦10.1M/year

Typical: ₦4.3M–₦25M

Half of listings asked between these two figures.

On last month
On a year ago
▼ -16.1%
▲ +43.3%
Listings
Listings published
4,004
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 Lagos by size, October 2026

All sizes ₦10.1M 1 bedroom ₦2.9M 2 bedrooms ₦7.5M 3 bedrooms ₦15M 4 bedrooms ₦19.6M 5 bedrooms ₦36.7M

Rent across Lagos, October 2026

City / LGA Median Typical range On last month On a year ago Listings
Lekki ₦10.1M/year ₦5.8M–₦15.6M ▼ -0.8% ▲ +11.6% 1,993
Ikoyi ₦45.5M/year ₦33.1M–₦64.2M ▲ +0.2% ▲ +16.1% 570
Ajah ₦3.9M/year ₦2.4M–₦6.5M ▼ -12.4% ▲ +41.1% 415
Victoria Island ₦25.7M/year ₦15.1M–₦37.9M 0.0% ▲ +6.2% 349
Surulere Small sample ₦3.6M/year ₦2.5M–₦5.5M ▼ -7.3% ▲ +21.8% 64
Ikeja Small sample ₦23.4M/year ₦11.2M–₦35.5M ▼ -8.0% ▲ +168.6% 63
Ibeju-Lekki Small sample ₦1.5M/year ₦1M–₦2.1M ▼ -16.4% ▲ +3.2% 50
Ikorodu Small sample ₦1M/year ₦647K–₦1.5M ▲ +27.6% ▼ -1.2% 50
Yaba Small sample ₦2.9M/year ₦1.5M–₦4.4M ▼ -13.8% ▲ +31.1% 45
Shomolu Small sample ₦2.3M/year ₦1.2M–₦3.4M 0.0% ▲ +48.6% 41
Kosofe/Ikosi Small sample ₦5.8M/year ₦3M–₦9.9M ▲ +29.2% ▲ +64.9% 39
Ojodu Small sample ₦4M/year ₦2.5M–₦7.9M ▼ -1.8% ▲ +14.5% 39
Sangotedo Small sample ₦3.9M/year ₦2M–₦5M ▼ -4.2% Not available 33
Isolo Small sample ₦3.5M/year ₦2.8M–₦4.4M ▲ +0.7% ▲ +23.9% 33
Maryland Small sample ₦10.1M/year ₦7.2M–₦15.1M ▼ -21.6% ▲ +39.0% 26
Ogba Small sample ₦3.4M/year ₦2.4M–₦5.9M Not available ▲ +71.0% 26
Ipaja Small sample ₦1.3M/year ₦797K–₦1.8M 0.0% ▲ +1.2% 26
Ikotun/Igando Small sample ₦1.5M/year ₦1.2M–₦2M ▲ +11.6% Not available 26
Gbagada Small sample ₦5.8M/year ₦2.7M–₦10.2M ▲ +47.7% ▲ +68.1% 25

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦10.1M/year ₦4.3M–₦25M 4,004 ▼ -16.1%
September 2026 ₦12.1M/year ₦5.1M–₦25.7M 4,087 ▼ -6.1%
August 2026 ₦12.9M/year ₦5.6M–₦28.2M 3,503 ▼ -11.9%
July 2026 ₦14.6M/year ₦5.9M–₦29.5M 3,140 ▲ +1.5%
June 2026 ₦14.4M/year ₦5.8M–₦29.5M 2,779 ▲ +4.7%
May 2026 ₦13.8M/year ₦5.9M–₦28.9M 2,969 ▼ -3.3%
April 2026 ₦14.2M/year ₦6M–₦28.9M 2,868 ▲ +2.8%
March 2026 ₦13.9M/year ₦5.9M–₦27M 2,833 ▲ +10.9%
February 2026 ₦12.5M/year ₦5.1M–₦25.8M 2,325 ▲ +22.2%
January 2026 ₦10.2M/year ₦4M–₦25.2M 2,463 ▲ +2.8%
December 2025 ₦9.9M/year ₦3.5M–₦25.1M 2,433 ▲ +28.7%
November 2025 ₦7.7M/year ₦2.9M–₦19.5M 3,813 ▲ +9.1%
October 2025 ₦7.1M/year ₦2.9M–₦15M 4,971 ▲ +7.5%
September 2025 ₦6.6M/year ₦2.7M–₦14.7M 6,336 ▲ +10.0%
August 2025 ₦6M/year ₦2.5M–₦13.1M 6,493 ▲ +1.6%
July 2025 ₦5.9M/year ₦2.4M–₦12.8M 6,018 ▲ +13.3%
June 2025 ₦5.2M/year ₦2.3M–₦12.4M 5,112 ▲ +3.0%
May 2025 ₦5.1M/year ₦2.2M–₦12.2M 5,067 ▲ +18.0%
April 2025 ₦4.3M/year ₦2M–₦10.3M 5,649 ▲ +6.1%
March 2025 ₦4M/year ₦2M–₦10M 6,339 ▼ -0.6%
February 2025 ₦4.1M/year ₦2M–₦9.3M 6,334 ▲ +1.7%
January 2025 ₦4M/year ₦2M–₦8.9M 6,638 ▲ +0.4%
December 2024 ₦4M/year ₦1.9M–₦8.8M 6,495 ▲ +0.4%
November 2024 ₦4M/year ₦1.8M–₦8.8M 6,441 ▲ +0.3%
See property listings for rent in Lagos

Frequently asked

What is the typical property rent in Lagos?
The median asking rent for property listings in Lagos was ₦10.1M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for property rents in Lagos?
Half of the listings counted in October 2026 asked between ₦4.3M and ₦25M/year.
Are property rents in Lagos going up?
Yes. The median was up 43.3% on a year earlier: ₦10.1M/year in October 2026 against ₦7.1M/year in October 2025.
Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/lagos
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