What is the typical property rent in Old Ikoyi, Lagos?

The median asking rent for property listings in Old Ikoyi, Lagos was ₦45.3M/year in October 2026, according to the Private Property Rent Index.

What is the typical range for property rents in Old Ikoyi, Lagos?

Half of the listings counted in October 2026 asked between ₦35.1M and ₦64.3M/year.

Are property rents in Old Ikoyi, Lagos going up?

Yes. The median was up 15.0% on a year earlier: ₦45.3M/year in October 2026 against ₦39.4M/year in October 2025.

Private Property Rent Index · October 2026

Property rent in Old Ikoyi, Lagos

Name: Property rent in Old Ikoyi, Lagos — Private Property Rent Index
Creator: Private Property Nigeria
License: https://creativecommons.org/licenses/by/4.0/

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

Median rent · October 2026

₦45.3M/year

Typical: ₦35.1M–₦64.3M

Half of listings asked between these two figures. Small sample

On last month
On a year ago: ▲ +0.6%; ▲ +15.0%
Listings
Listings published: 92; 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 Old Ikoyi by size, October 2026

All sizes ₦45.3M Small sample 3 bedrooms ₦40M Small sample 4 bedrooms ₦62.8M Small sample

Month by month

Month	Median	Typical range	Listings	On last month
October 2026	₦45.3M/year	₦35.1M–₦64.3M	92 Small sample	▲ +0.6%
September 2026	₦45.1M/year	₦35.2M–₦63.5M	127	▼ -0.7%
August 2026	₦45.4M/year	₦35.5M–₦62.9M	127	▼ -1.0%
July 2026	₦45.9M/year	₦36M–₦63.5M	132	▲ +13.8%
June 2026	₦40.3M/year	₦35.4M–₦61.2M	100	▲ +1.4%
May 2026	₦39.7M/year	₦35.4M–₦56.2M	85 Small sample	▼ -0.9%
April 2026	₦40.1M/year	₦35.5M–₦51.3M	83 Small sample	▼ -11.8%
March 2026	₦45.5M/year	₦35.6M–₦54.9M	81 Small sample	▼ -7.8%
February 2026	₦49.4M/year	₦35.9M–₦56.5M	79 Small sample	▲ +8.7%
January 2026	₦45.4M/year	₦35.6M–₦55.7M	83 Small sample	▲ +13.1%
December 2025	₦40.1M/year	₦35.6M–₦55.1M	85 Small sample	▲ +1.4%
November 2025	₦39.6M/year	₦29.7M–₦51.2M	109	▲ +0.4%
October 2025	₦39.4M/year	₦29.5M–₦51.1M	111	▲ +0.8%
September 2025	₦39.1M/year	₦29.2M–₦50.4M	123	▲ +1.2%
August 2025	₦38.6M/year	₦29M–₦50.3M	103	▲ +2.7%
July 2025	₦37.6M/year	₦28.8M–₦49.2M	83 Small sample	▼ -3.3%
June 2025	₦38.9M/year	₦29.1M–₦49.9M	63 Small sample	▲ +0.2%
May 2025	₦38.8M/year	₦26.4M–₦46.1M	53 Small sample	▲ +28.9%
April 2025	₦30.1M/year	₦25.3M–₦40.2M	88 Small sample	▲ +2.1%
March 2025	₦29.5M/year	₦20.2M–₦39.5M	86 Small sample	▲ +0.2%
February 2025	₦29.4M/year	₦21.5M–₦39.5M	97 Small sample	▲ +1.7%
January 2025	₦28.9M/year	₦20M–₦36M	75 Small sample	▲ +11.5%
December 2024	₦25.9M/year	₦19.9M–₦35M	82 Small sample	▲ +3.9%
November 2024	₦24.9M/year	₦14.8M–₦29.4M	93 Small sample	▲ +24.2%

See property listings for rent in Old Ikoyi

Frequently asked

What is the typical property rent in Old Ikoyi, Lagos?: The median asking rent for property listings in Old Ikoyi, Lagos was ₦45.3M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for property rents in Old Ikoyi, Lagos?: Half of the listings counted in October 2026 asked between ₦35.1M and ₦64.3M/year.
Are property rents in Old Ikoyi, Lagos going up?: Yes. The median was up 15.0% on a year earlier: ₦45.3M/year in October 2026 against ₦39.4M/year in October 2025.

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