What is the typical 3-bedroom property rent in Banana Island, Lagos?

The median asking rent for 3-bedroom property listings in Banana Island, Lagos was ₦45.3M/year in October 2026, according to the Private Property Rent Index.

What is the typical range for 3-bedroom property rents in Banana Island, Lagos?

Half of the listings counted in October 2026 asked between ₦36.2M and ₦56.2M/year.

Are 3-bedroom property rents in Banana Island, Lagos going up?

Yes. The median was up 13.6% on a year earlier: ₦45.3M/year in October 2026 against ₦39.9M/year in October 2025.

Private Property Rent Index · October 2026

3-bedroom property rent in Banana Island, Lagos

Name: 3-bedroom property rent in Banana Island, Lagos — Private Property Rent Index
Creator: Private Property Nigeria
License: https://creativecommons.org/licenses/by/4.0/

Median asking rent for 3-bedroom property listings in Banana Island, Lagos, from the listings first published on Private Property in the three months to each month.

Median rent · October 2026

₦45.3M/year

Typical: ₦36.2M–₦56.2M

Half of listings asked between these two figures. Small sample

On last month
On a year ago: ▼ -1.4%; ▲ +13.6%
Listings
Listings published: 47; 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

All sizes ₦55.2M 3 bedrooms ₦45.3M Small sample 4 bedrooms ₦62.8M Small sample 5 bedrooms ₦97.4M Small sample

Month by month

Month	Median	Typical range	Listings	On last month
October 2026	₦45.3M/year	₦36.2M–₦56.2M	47 Small sample	▼ -1.4%
September 2026	₦46M/year	₦38.7M–₦61.7M	51 Small sample	▲ +1.2%
August 2026	₦45.4M/year	₦37.1M–₦62M	49 Small sample	▲ +0.8%
July 2026	₦45M/year	₦38.7M–₦62.8M	40 Small sample	▼ -3.4%
June 2026	₦46.6M/year	₦39.4M–₦56.7M	37 Small sample	▼ -5.3%
May 2026	₦49.3M/year	₦39.2M–₦54.4M	47 Small sample	▼ -0.7%
April 2026	₦49.6M/year	₦38.8M–₦60.3M	61 Small sample	▼ -0.8%
March 2026	₦50M/year	₦39.1M–₦61.1M	64 Small sample	▼ -1.2%
February 2026	₦50.6M/year	₦38.8M–₦62.2M	38 Small sample	▼ -15.5%
January 2026	₦60M/year	₦40M–₦62.7M	29 Small sample	▲ +20.0%
December 2025	₦50M/year	₦39.7M–₦61.6M	38 Small sample	▲ +10.0%
November 2025	₦45.4M/year	₦38.9M–₦60.8M	49 Small sample	▲ +13.9%
October 2025	₦39.9M/year	₦36.2M–₦50.6M	46 Small sample	▲ +9.2%
September 2025	₦36.5M/year	₦25.3M–₦45.9M	37 Small sample	▲ +3.2%
August 2025	₦35.4M/year	₦25.6M–₦45.1M	34 Small sample	▲ +0.4%
July 2025	₦35.2M/year	₦25.8M–₦46.3M	33 Small sample	▼ -2.2%
June 2025	₦36M/year	₦26.2M–₦49.7M	33 Small sample	▼ -1.3%
May 2025	₦36.5M/year	₦26M–₦50.2M	33 Small sample	▲ +2.4%
April 2025	₦35.7M/year	₦25.5M–₦49.5M	33 Small sample	▼ -10.0%
March 2025	₦39.6M/year	₦28.9M–₦50.2M	41 Small sample	▲ +1.2%
February 2025	₦39.2M/year	₦25.1M–₦49.8M	38 Small sample	▲ +0.4%
January 2025	₦39M/year	₦28.1M–₦49.8M	40 Small sample	▲ +31.9%
December 2024	₦29.6M/year	₦20.4M–₦39M	44 Small sample	▲ +4.5%
November 2024	₦28.3M/year	₦19.9M–₦36.5M	54 Small sample	▲ +12.1%

See 3-bedroom property listings for rent in Banana Island

Frequently asked

What is the typical 3-bedroom property rent in Banana Island, Lagos?: The median asking rent for 3-bedroom property listings in Banana Island, Lagos was ₦45.3M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for 3-bedroom property rents in Banana Island, Lagos?: Half of the listings counted in October 2026 asked between ₦36.2M and ₦56.2M/year.
Are 3-bedroom property rents in Banana Island, Lagos going up?: Yes. The median was up 13.6% on a year earlier: ₦45.3M/year in October 2026 against ₦39.9M/year in October 2025.

Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/lagos/ikoyi/banana-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