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Private Property Rent Index · October 2026

Property rent in Ikeja, Lagos

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

Median rent · October 2026

₦23.4M/year

Typical: ₦11.2M–₦35.5M

Half of listings asked between these two figures. Small sample

On last month
On a year ago
▼ -8.0%
▲ +168.6%
Listings
Listings published
63
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 Ikeja by size, October 2026

Rent across Ikeja, October 2026

Area Median Typical range On last month On a year ago Listings
Ikeja GRA Small sample ₦30.2M/year ₦25.2M–₦38.9M 0.0% ▲ +3.9% 28

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦23.4M/year ₦11.2M–₦35.5M 63 Small sample ▼ -8.0%
September 2026 ₦25.4M/year ₦10.3M–₦35.7M 76 Small sample ▲ +0.7%
August 2026 ₦25.2M/year ₦11M–₦35.4M 69 Small sample ▲ +23.5%
July 2026 ₦20.4M/year ₦7.1M–₦35.1M 70 Small sample ▲ +36.5%
June 2026 ₦15M/year ₦7.2M–₦29.2M 64 Small sample ▲ +23.8%
May 2026 ₦12.1M/year ₦5.1M–₦25.4M 73 Small sample ▼ -1.2%
April 2026 ₦12.2M/year ₦5.1M–₦25M 74 Small sample ▼ -1.2%
March 2026 ₦12.4M/year ₦5.1M–₦19.7M 56 Small sample ▼ -15.0%
February 2026 ₦14.6M/year ₦8.6M–₦25.3M 65 Small sample ▲ +16.2%
January 2026 ₦12.5M/year ₦5.1M–₦22.3M 98 Small sample ▲ +24.0%
December 2025 ₦10.1M/year ₦4.4M–₦21.8M 121 ▲ +2.1%
November 2025 ₦9.9M/year ₦4M–₦20M 151 ▲ +13.9%
October 2025 ₦8.7M/year ₦4.5M–₦17.9M 179 ▼ -4.0%
September 2025 ₦9.1M/year ₦4.1M–₦15.2M 218 ▲ +23.5%
August 2025 ₦7.3M/year ₦3.8M–₦14.9M 236 ▲ +5.0%
July 2025 ₦7M/year ₦3.4M–₦14.9M 228 ▲ +8.9%
June 2025 ₦6.4M/year ₦3.4M–₦14.3M 223 ▼ -10.9%
May 2025 ₦7.2M/year ₦3.5M–₦14.2M 209 ▼ -26.8%
April 2025 ₦9.8M/year ₦4.1M–₦14.9M 219 ▲ +24.0%
March 2025 ₦7.9M/year ₦3.5M–₦14.9M 227 ▲ +2.1%
February 2025 ₦7.8M/year ₦3.4M–₦14.8M 222 ▲ +18.2%
January 2025 ₦6.6M/year ₦3.4M–₦14.1M 209 ▼ -6.8%
December 2024 ₦7M/year ₦3.4M–₦12.3M 189 ▼ -8.5%
November 2024 ₦7.7M/year ₦3.4M–₦13M 218 ▲ +27.9%

Frequently asked

What is the typical property rent in Ikeja, Lagos?
The median asking rent for property listings in Ikeja, Lagos was ₦23.4M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for property rents in Ikeja, Lagos?
Half of the listings counted in October 2026 asked between ₦11.2M and ₦35.5M/year.
Are property rents in Ikeja, Lagos going up?
Yes. The median was up 168.6% on a year earlier: ₦23.4M/year in October 2026 against ₦8.7M/year in October 2025.
Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/lagos/ikeja
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