Private Property Rent Index · October 2026
Median asking rent for 3-bedroom property listings in Lagos, from the listings first published on Private Property in the three months to each month.
Median rent · October 2026
Typical: ₦7.4M–₦29.8M
Half of listings asked between these two figures.
Median Typical range (lower to upper quartile). Asking prices of listings first published in the three months to each month.
| City / LGA | Median | On last month | On a year ago | Listings |
|---|---|---|---|---|
| Lekki | ₦12.8M/year | ▼ -1.8% | ▲ +27.7% | 398 |
| Ikoyi | ₦38.9M/year | ▲ +0.7% | ▲ +8.7% | 218 |
| Victoria Island | ₦26M/year | ▲ +3.1% | ▲ +27.7% | 136 |
| Ajah | ₦5.1M/year | ▼ -1.2% | ▲ +45.5% | 101 |
| Month | Median | Listings | On last month |
|---|---|---|---|
| October 2026 | ₦15M/year | 991 | ▼ -14.7% |
| September 2026 | ₦17.6M/year | 1,031 | ▼ -11.0% |
| August 2026 | ₦19.8M/year | 894 | ▼ -2.1% |
| July 2026 | ₦20.2M/year | 787 | ▼ -7.1% |
| June 2026 | ₦21.8M/year | 665 | ▲ +8.6% |
| May 2026 | ₦20M/year | 726 | ▼ -0.9% |
| April 2026 | ₦20.2M/year | 728 | ▲ +2.1% |
| March 2026 | ₦19.8M/year | 732 | ▲ +8.4% |
| February 2026 | ₦18.3M/year | 594 | ▲ +22.5% |
| January 2026 | ₦14.9M/year | 652 | ▲ +13.4% |
| December 2025 | ₦13.1M/year | 649 | ▲ +19.3% |
| November 2025 | ₦11M/year | 948 | ▲ +22.3% |
| October 2025 | ₦9M/year | 1,171 | ▲ +14.0% |
| September 2025 | ₦7.9M/year | 1,467 | ▲ +9.6% |
| August 2025 | ₦7.2M/year | 1,461 | ▲ +1.6% |
| July 2025 | ₦7.1M/year | 1,359 | ▲ +9.7% |
| June 2025 | ₦6.5M/year | 1,205 | ▲ +1.5% |
| May 2025 | ₦6.4M/year | 1,194 | ▲ +12.0% |
| April 2025 | ₦5.7M/year | 1,380 | ▲ +13.2% |
| March 2025 | ₦5M/year | 1,586 | ▲ +0.7% |
| February 2025 | ₦5M/year | 1,650 | 0.0% |
| January 2025 | ₦5M/year | 1,714 | ▼ -1.1% |
| December 2024 | ₦5M/year | 1,669 | ▼ -0.4% |
| November 2024 | ₦5.1M/year | 1,593 | ▲ +1.9% |