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Private Property Short-let Index · October 2026

Property short-let rates in Lekki Phase 1, Lagos

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

Median short-let rate · October 2026

₦178K/night

Typical: ₦135K–₦237K

Half of listings asked between these two figures. Small sample

On last month
On a year ago
▲ +23.5%
▼ -2.2%
Listings
Listings published
99
Aug–Oct 2026

Median short-let rate by month

Median   Typical range (lower to upper quartile). Asking prices of listings first published in the three months to each month.

Short-let rate in Lekki Phase 1 by size, October 2026

Month by month

MonthMedianTypical rangeListingsOn last month
October 2026 ₦178K/night ₦135K–₦237K 99 Small sample ▲ +23.5%
September 2026 ₦144K/night ₦99.2K–₦199K 61 Small sample ▲ +3.1%
August 2026 ₦140K/night ₦118K–₦200K 41 Small sample ▼ -23.1%
July 2026 ₦182K/night ₦126K–₦211K 51 Small sample ▼ -2.2%
June 2026 ₦186K/night ₦133K–₦211K 59 Small sample ▲ +0.2%
May 2026 ₦186K/night ₦135K–₦227K 66 Small sample ▲ +14.8%
April 2026 ₦162K/night ₦120K–₦212K 81 Small sample ▼ -5.5%
March 2026 ₦171K/night ₦122K–₦238K 72 Small sample ▼ -15.4%
February 2026 ₦202K/night ₦139K–₦300K 128 ▼ -1.7%
January 2026 ₦206K/night ₦150K–₦291K 174 ▲ +1.0%
December 2025 ₦204K/night ₦148K–₦265K 289 ▲ +10.5%
November 2025 ₦185K/night ₦129K–₦239K 339 ▲ +1.2%
October 2025 ₦182K/night ₦126K–₦232K 394 ▲ +7.3%
September 2025 ₦170K/night ₦120K–₦223K 310 ▲ +1.7%
August 2025 ₦167K/night ₦121K–₦211K 277 ▲ +3.5%
July 2025 ₦162K/night ₦119K–₦208K 164 ▼ -3.7%
June 2025 ₦168K/night ₦121K–₦217K 146 ▼ -9.1%
May 2025 ₦185K/night ₦140K–₦232K 155 ▲ +1.8%
April 2025 ₦181K/night ₦137K–₦230K 206 ▼ -0.6%
March 2025 ₦183K/night ₦139K–₦237K 203 ▼ -2.7%
February 2025 ₦188K/night ₦138K–₦252K 199 ▼ -2.8%
January 2025 ₦193K/night ₦139K–₦261K 208 ▲ +3.4%
December 2024 ₦187K/night ₦133K–₦251K 176 ▲ +16.3%
November 2024 ₦161K/night ₦117K–₦203K 208 ▲ +9.1%

Frequently asked

What is the typical property short-let rate in Lekki Phase 1, Lagos?
The median asking short-let rate for property listings in Lekki Phase 1, Lagos was ₦178K/night in October 2026, according to the Private Property Short-let Index.
What is the typical range for property short-let rates in Lekki Phase 1, Lagos?
Half of the listings counted in October 2026 asked between ₦135K and ₦237K/night.
Are property short-let rates in Lekki Phase 1, Lagos going up?
No. The median was down 2.2% on a year earlier: ₦178K/night in October 2026 against ₦182K/night in October 2025.
Cite this figure. Private Property Short-let Index, October 2026, Private Property Nigeria, https://privateproperty.ng/market-trends/short-let/lagos/lekki/lekki-phase-1
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