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Private Property Rent Index · October 2026

Property rent in Victoria Island, Lagos

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

Median rent · October 2026

₦25.7M/year

Typical: ₦15.1M–₦37.9M

Half of listings asked between these two figures.

On last month
On a year ago
0.0%
▲ +6.2%
Listings
Listings published
349
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 Victoria Island by size, October 2026

Rent across Victoria Island, October 2026

Area Median Typical range On last month On a year ago Listings
Oniru ₦20.4M/year ₦14.8M–₦35.1M ▼ -0.2% ▲ +32.0% 110
Victoria Island ₦29.3M/year ₦18.3M–₦45.6M ▲ +5.8% ▲ +13.9% 107

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦25.7M/year ₦15.1M–₦37.9M 349 0.0%
September 2026 ₦25.7M/year ₦15.2M–₦36.6M 361 ▼ -5.0%
August 2026 ₦27.1M/year ₦18.4M–₦38.4M 330 ▼ -6.8%
July 2026 ₦29.1M/year ₦20M–₦39.3M 322 ▼ -1.4%
June 2026 ₦29.5M/year ₦20M–₦39.7M 309 ▲ +0.1%
May 2026 ₦29.5M/year ₦20.3M–₦39.9M 324 ▼ -0.2%
April 2026 ₦29.5M/year ₦22.3M–₦40M 268 ▼ -1.0%
March 2026 ₦29.8M/year ₦25M–₦40.2M 241 ▲ +1.6%
February 2026 ₦29.4M/year ₦22M–₦39.5M 174 ▼ -0.8%
January 2026 ₦29.6M/year ₦20.2M–₦39.3M 166 ▲ +14.8%
December 2025 ₦25.8M/year ₦17.4M–₦36.6M 143 ▲ +2.9%
November 2025 ₦25M/year ₦14.9M–₦35.3M 225 ▲ +3.3%
October 2025 ₦24.2M/year ₦14.6M–₦30.2M 256 ▲ +19.2%
September 2025 ₦20.3M/year ₦14.1M–₦30.1M 311 ▼ -7.8%
August 2025 ₦22.1M/year ₦12.9M–₦30.9M 270 ▲ +9.4%
July 2025 ₦20.2M/year ₦12.9M–₦28M 261 ▼ -7.6%
June 2025 ₦21.8M/year ₦14.7M–₦28.9M 229 ▲ +9.8%
May 2025 ₦19.9M/year ₦12.3M–₦28.1M 283 ▲ +8.2%
April 2025 ₦18.4M/year ₦11.4M–₦26.5M 320 ▲ +12.0%
March 2025 ₦16.4M/year ₦10.2M–₦25.7M 360 ▲ +9.4%
February 2025 ₦15M/year ₦10.1M–₦25.4M 317 ▲ +3.0%
January 2025 ₦14.5M/year ₦9.8M–₦25M 323 ▲ +17.7%
December 2024 ₦12.4M/year ₦9.4M–₦19.8M 318 ▲ +1.6%
November 2024 ₦12.2M/year ₦9.3M–₦18.3M 314 ▼ -0.8%

Frequently asked

What is the typical property rent in Victoria Island, Lagos?
The median asking rent for property listings in Victoria Island, Lagos was ₦25.7M/year in October 2026, according to the Private Property Rent Index.
What is the typical range for property rents in Victoria Island, Lagos?
Half of the listings counted in October 2026 asked between ₦15.1M and ₦37.9M/year.
Are property rents in Victoria Island, Lagos going up?
Yes. The median was up 6.2% on a year earlier: ₦25.7M/year in October 2026 against ₦24.2M/year in October 2025.
Cite this figure. Private Property Rent Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/rent/lagos/victoria-island
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