What is the typical 5-bedroom property rent in Lekki Phase 1, Lagos?

The median asking rent for 5-bedroom property listings in Lekki Phase 1, Lagos was ₦40M/year in October 2026, according to the Private Property Rent Index.

What is the typical range for 5-bedroom property rents in Lekki Phase 1, Lagos?

Half of the listings counted in October 2026 asked between ₦35.7M and ₦50.2M/year.

Are 5-bedroom property rents in Lekki Phase 1, Lagos going up?

Yes. The median was up 13.2% on a year earlier: ₦40M/year in October 2026 against ₦35.3M/year in October 2025.

Private Property Rent Index · October 2026

5-bedroom property rent in Lekki Phase 1, Lagos

Name: 5-bedroom property rent in Lekki Phase 1, Lagos — Private Property Rent Index
Creator: Private Property Nigeria
License: https://creativecommons.org/licenses/by/4.0/

Median asking rent for 5-bedroom property listings in Lekki Phase 1, Lagos, from the listings first published on Private Property in the three months to each month.

Median rent · October 2026

₦40M/year

Typical: ₦35.7M–₦50.2M

Half of listings asked between these two figures. Small sample

On last month
On a year ago: ▲ +1.8%; ▲ +13.2%
Listings
Listings published: 41; 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 Lekki Phase 1 by size, October 2026

All sizes ₦16.9M 1 bedroom ₦7.2M Small sample 2 bedrooms ₦15.1M 3 bedrooms ₦17.5M 4 bedrooms ₦27.8M Small sample 5 bedrooms ₦40M Small sample

Month by month

Month	Median	Typical range	Listings	On last month
October 2026	₦40M/year	₦35.7M–₦50.2M	41 Small sample	▲ +1.8%
September 2026	₦39.2M/year	₦30.2M–₦46.5M	40 Small sample	▼ -0.9%
August 2026	₦39.6M/year	₦35M–₦46.3M	41 Small sample	▼ -1.6%
July 2026	₦40.3M/year	₦29.6M–₦46.5M	39 Small sample	▼ -10.0%
June 2026	₦44.7M/year	₦29.8M–₦46.6M	31 Small sample	▲ +13.8%
May 2026	₦39.3M/year	₦26.1M–₦46M	32 Small sample	▲ +1.0%
April 2026	₦38.9M/year	₦25.9M–₦50.4M	34 Small sample	▲ +7.7%
March 2026	₦36.1M/year	₦29.4M–₦49.4M	43 Small sample	▲ +0.2%
February 2026	₦36.1M/year	₦29.1M–₦50.5M	35 Small sample	▼ -0.2%
January 2026	₦36.2M/year	₦30M–₦50M	30 Small sample	▼ -1.5%
December 2025	₦36.7M/year	₦26.1M–₦50.4M	32 Small sample	▲ +1.4%
November 2025	₦36.2M/year	₦25.8M–₦46.6M	49 Small sample	▲ +2.5%
October 2025	₦35.3M/year	₦25.4M–₦40M	67 Small sample	▼ -0.1%
September 2025	₦35.3M/year	₦25.4M–₦40.1M	67 Small sample	▼ -0.1%
August 2025	₦35.4M/year	₦25.7M–₦40.3M	68 Small sample	▼ -8.6%
July 2025	₦38.7M/year	₦28.8M–₦48M	58 Small sample	▲ +0.1%
June 2025	₦38.7M/year	₦26.4M–₦47.7M	49 Small sample	▲ +29.1%
May 2025	₦29.9M/year	₦25.4M–₦54.6M	43 Small sample	▲ +10.7%
April 2025	₦27M/year	₦19.6M–₦54.3M	51 Small sample	0.0%
March 2025	₦27M/year	₦18.8M–₦54.5M	65 Small sample	▲ +2.5%
February 2025	₦26.4M/year	₦15.8M–₦46M	75 Small sample	▲ +1.4%
January 2025	₦26M/year	₦18.3M–₦39M	75 Small sample	▼ -0.2%
December 2024	₦26.1M/year	₦18.5M–₦32.5M	76 Small sample	▲ +0.5%
November 2024	₦25.9M/year	₦18.2M–₦32.1M	78 Small sample	▲ +2.4%

See 5-bedroom property listings for rent in Lekki Phase 1

Frequently asked

What is the typical 5-bedroom property rent in Lekki Phase 1, Lagos?: The median asking rent for 5-bedroom property listings in Lekki Phase 1, Lagos was ₦40M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for 5-bedroom property rents in Lekki Phase 1, Lagos?: Half of the listings counted in October 2026 asked between ₦35.7M and ₦50.2M/year.
Are 5-bedroom property rents in Lekki Phase 1, Lagos going up?: Yes. The median was up 13.2% on a year earlier: ₦40M/year in October 2026 against ₦35.3M/year in October 2025.

Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/lagos/lekki/lekki-phase-1/5-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