Best Areas to Find Affordable Apartments in Lagos
Lagos, Nigeria’s commercial hub, is one of the most vibrant cities in Africa. With its growing economy, business opportunities, and social life, Lagos attracts millions of residents looking for suitable housing options. However, finding an affordable apartment in Lagos can be challenging due to rising rental prices and high demand.
Whether you are a young professional, a student, or a family looking for budget-friendly accommodation, this guide will help you navigate the best areas to find affordable apartments in Lagos. We will also explore factors that influence rent prices, compare costs across different locations, and provide practical tips to secure an apartment within your budget.
Factors That Affect Apartment Prices in Lagos
Before diving into the most affordable areas, it’s important to understand what influences rental prices in Lagos:
1. Location
The location of an apartment significantly impacts its price. Apartments on the Lagos Island (e.g., Victoria Island, Ikoyi, and Lekki) are generally more expensive than those on the Mainland (e.g., Surulere, Yaba, and Ikorodu). Proximity to business districts, commercial hubs, and major road networks also affects rental costs.
2. Apartment Type
The size and type of the apartment determine the rent amount. Options include:
- Self-contained apartments (one-room with bathroom and kitchenette) – cheapest option
- 1-bedroom apartments – ideal for singles or couples
- 2-bedroom apartments – suitable for small families
- 3-bedroom apartments and duplexes – more expensive but offer more space
3. Amenities & Infrastructure
Properties with modern amenities such as 24/7 electricity, security, water supply, parking spaces, and recreational facilities tend to cost more than those without such features.
4. Demand & Seasonality
Rental prices fluctuate based on demand. High demand periods (such as January and December when people relocate) can drive prices up. On the other hand, landlords may offer discounts during off-peak periods.
Top 5 Affordable Areas to Rent Apartments in Lagos
Now that we understand the factors affecting apartment prices, let’s explore five of the best areas in Lagos where you can find affordable apartments.
1. Surulere – Central and Budget-Friendly
Surulere is one of the most affordable yet well-developed areas in Lagos. It is centrally located with easy access to both the Island and Mainland, making it ideal for professionals and families.
- Average rent: ₦600K – ₦1.2M/year
- Popular neighborhoods: Aguda, Lawanson, Iponri
- Why choose Surulere? Good road network, vibrant nightlife, proximity to business districts
2. Yaba – Tech Hub & Student-Friendly
Yaba is known as Lagos' tech hub, home to many startups, co-working spaces, and educational institutions. This makes it a prime location for students and tech professionals.
- Average rent: ₦500K – ₦1.5M/year
- Popular neighborhoods: Alagomeji, Akoka, Sabo
- Why choose Yaba? Close to UNILAG and YabaTech, tech-driven community, good transport options
3. Ikorodu – Affordable & Expanding
Ikorodu is one of the most budget-friendly areas in Lagos, offering spacious apartments at lower costs. It is ideal for individuals who work remotely or don’t mind commuting.
- Average rent: ₦300K – ₦800K/year
- Popular neighborhoods: Igbogbo, Agric, Ebute
- Why choose Ikorodu? Cheap rent, serene environment, growing infrastructure
4. Abule Egba – Rising in Popularity
Abule Egba is a rapidly developing area with a mix of old and new properties. It offers affordability while still being connected to major roads leading to Ikeja and other parts of Lagos.
- Average rent: ₦400K – ₦900K/year
- Popular neighborhoods: Oko-Oba, Ijaiye, Ekoro
- Why choose Abule Egba? Developing road network, gated estates, affordable rents
5. Egbeda – Family-Oriented & Secure
Egbeda is known for its family-friendly environment, offering many estates and gated communities with security and essential amenities.
- Average rent: ₦450K – ₦1M/year
- Popular neighborhoods: Gowon Estate, Shagari Estate, Isheri-Olofin
- Why choose Egbeda? Safe residential setting, proximity to major markets and schools
Price Comparison Table
| Area | 1-Bedroom (₦) | 2-Bedroom (₦) | 3-Bedroom (₦) |
|---|---|---|---|
Surulere | 600K – 900K | 1.2M – 1.8M | 2M – 3M |
Yaba | 500K – 800K | 1M – 1.5M | 1.5M – 2.5M |
Ikorodu | 300K – 500K | 600K – 900K | 1M – 1.5M |
Abule Egba | 400K – 700K | 800K – 1.2M | 1.2M – 2M |
Egbeda | 450K – 750K | 900K – 1.3M | 1.5M – 2.2M |
Tips for Finding Affordable Apartments in Lagos
- Use Online Listings: Websites like Realinkr help compare rental prices and available listings.
- Avoid Middlemen Scams: Always inspect the apartment and confirm ownership before making payments.
- Negotiate Rent: Some landlords allow negotiations, especially for long-term tenants.
- Look Beyond the Island: Mainland areas generally offer more affordable options.
- Consider Shared Apartments: Splitting rent with roommates can be cost-effective.
Finding an affordable apartment in Lagos requires research, patience, and the right strategy. Whether you prefer the central convenience of Surulere, the tech-driven vibe of Yaba, or the budget-friendly spaces in Ikorodu, there are great options available.
👉 Start your apartment search today on Realinkr! Browse verified listings and find a home that fits your budget and lifestyle.
