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Top 15 Best and Underrated Places to Live in Lagos — Affordable House Rents

Lagos is the largest city in Nigeria and the third most populous in Nigeria. The city that never sleeps was also ranked in 2022 as the fourth wealthiest city in Africa.

Many Nigerians in search of greener pastures usually relocate to Lagos. It is home to the headquarters of most companies in the nation. Getting a place to stay in Lagos can be a tedious task.

It is also essential to note that Lagos is generally divided into Mainland and Island. Accommodations on the mainland are usually more affordable than those on the island.

LanreNews has compiled a list of some of the best places to stay in Lagos, Nigeria’s commercial centre.

1. Ikoyi

Ikoyi is considered the most affluent neighbourhood of Lagos. It is located in Eti-Osa Local Government Area.

The area is filled with opulent homes and luxury hotels. It is centred on Awolowo Road, with its upscale boutiques and artisan bakeries.

High-end Nigerian eateries in Ikoyi serve dishes such as pepper soup, while resident celebrities frequent chic cocktail bars and clubs.

Depending on your taste, you can get a nice single room within the range of N500,000 to N1.2 million.

The average rent in Ikoyi is N6 million.

2. Ajah

Ajah is a town in Eti-Osa local government area in Lagos. It encompasses Addo, Langbasa, Badore, Ajiwe, VGC.

The area is neighbouring Lekki, another good place to stay in Lagos. The Ogunsemo and Ojupon families founded it.

It features different beaches.

Depending on your taste, you can get a nice single room within the range of N450,000 to N650,000.

The average rent in Ajah is about N1.3 million.

3. Ikate

Ikate is a new residential suburb in Eti-Osa Local Government, Lagos State, located along the Lekki-Epe expressway.

It’s a highbrow environment with several top-notch real estate projects (finished & unfinished), and businesses within.

However, a big disadvantage of Ikate is its flooding issue. This is largely because it is a lowland (slightly above sea level).

Depending on your taste, you can get a nice single room within the range of N650,000 to N1 million.

The average rent in Ikate is about N5 million.

4. Lekki Phase 1

Lekki Phase 1 is one of the fastest-growing affluent areas in Lagos. It is popular for Elegushi Royal Beach, with its mini Ferris wheel, street-food shacks, and regular live music.

It is also well-known for its high-end nightclubs dot Admiralty Road, as do chic cocktail bars, which often host comedy shows and spoken-word events.

The nearby Lekki Conservation Center is a vast preserve home to birdlife and nature trails, while cable-stayed Lekki-Ikoyi Bridge is a popular running spot.

Depending on your taste, you can get a nice single room within the range of N800,000 to N1.3 million.

The average rent in Lekki Phase 1 is N5 million.

5. Ikeja

Nestled on the Lagos mainland, 13 kilometres northwest of the bustling Lagos Island, lies Ikeja, Lagos State, Nigeria’s dynamic and pulsating capital.

With a population exceeding 3 million, Ikeja stands as a commercial and industrial powerhouse, pulsating with energy and innovation.

It is also popular for being the city that harbours Computer Village, the largest technology appliances market in Nigeria.

The Awori were the first people to settle in Ikeja. They are said to have migrated from Ota before the 19th century in search of suitable farmland, eventually settling in Ikeja.

The city was previously known as ‘Akeja,’ and was named after the deity that the Awori people worshipped. Over time, the name became distorted, eventually becoming Ikeja. However, some claim that the name Ikeja is an acronym for ‘Ikorodu and Epe Joint Administration.’

Depending on your taste, you can get a nice single room within the range of N200,000 to N700,000.

The average rent in Ikeja is N2 million.

6. Victoria Island

In the heart of Lagos, where affluence and sophistication converge, lies Victoria Island, an oasis of luxury and cultural vibrancy.

This upscale enclave, a peninsula neighbouring Lagos Island, Ikoyi, and the Lekki Peninsula, exudes an aura of refined elegance.

Victoria Island’s nightlife pulsates with an infectious rhythm, drawing revellers to its stylish nightclubs and bars. Here, under the glimmer of neon lights, the city’s cosmopolitan spirit comes alive as music fills the air and laughter mingles with the clinking of glasses.

The Oniru chieftaincy family originally owned a large portion of VI until the Lagos Executive Development Board paid 250,000 pounds as compensation for the acquired land and an additional 150,000 pounds as compensation for the shrines destroyed in 1948.

The original inhabitants were eventually forced to relocate to Maroko Village.

Depending on your taste, you can get a nice single room within the range of N650,000 to N1 million.

The average rent in Victoria Island is N7 million.

7. Ojodu

Ojodu is part of the Ojodu Local Council Development Area of Lagos state, but it is also in Ogun State, at least in theory.

A new LCDA was needed to supplement Lagos State’s original 20 local government areas, so the old Ikeja LCDA was reorganised into the Ojodu LCDA.

Powerline, Agidingbi (a subset of Agudi), and Ojodu Berger (another subset) make up the entire group. 

Ojodu neighbourhoods include Omole Phase 1, Isheri, and Aguda.

Depending on your taste, you can get a nice single room within the range of N350,000 to N500,000.

The average rent in Ojodu is N1 million.

8. Ogudu

Ogudu is located in Lagos State’s Kosofe Local Government Area and shares borders with Ketu, Ifako, and Ojota. It is made up of two neighbourhoods: Ogudu Orioke and Ogudu GRA.

The area was founded by Amosu, a hunter, after fleeing Ile-Ife, Osun state, with his brother Amore and their family.

Depending on your taste, you can get a nice single room within the range of N300,000 to N550,000.

The average rent in Ogudu is N1.5 million.

9. Yaba

Yaba is well-known as the heartbeat of Lagos for its blend of upscale residential areas with startup tech offices, drawing a young crowd to its hip, open-air wine and cocktail bars and lively clubs playing Afrobeats music.

It is a Local Council Development Area (LCDA) that was created in 1977 from the old Lagos Mainland LGA.

Makoko Community, Akoka, Sabo, Jibowu, and Tejuosho are just a few of the major areas within Yaba LCDA.

The University of Lagos, Yaba College of Technology, Queen’s College, the Nigerian Institute of Medical Research, Igbobi College, the Federal Science and Technical College, and the Federal College of Education (Technical) Akoka are all located in Yaba.

Depending on your taste, you can get a nice single room within the range of N300,000 to N500,000.

The average rent in Yaba is N1.4 million.

10. Gbagada

Gbagada is a suburb in Kosofe, Lagos State. Gbagada is situated near Ogudu and Somolu. It is both a residential and commercial neighbourhood in Lagos state.

The area is next to the popular Third Mainland Bridge, which connects the mainland to the island. The Third Mainland Bridge is currently the longest in Lagos and Nigeria.

Depending on your taste, you can get a nice room within the range of N500,000 to N700,000.

The average rent in Gbagada is N1.7 million.

11. Maryland

Depending on your taste, you can get a cheap single room within the range of N.

The average rent in Maryland is N2.2 million.

12. Anthony

Depending on your taste, you can get a cheap single room within the range of N400,000 to N600,000.

The average rent in Anthony is N2.6 million.

13. Surulere

Depending on your taste, you can get a nice single room within the range of N300,000 to N600,000.

The average rent in Surulere is N1.5 million.

14. Magodo

Depending on your taste, you can get a cheap single room within the range of N400,000 to N550,000.

The average rent in Magodo is N2 million.

15. Festac

Depending on your taste, you can get a cheap single room within the range of N200,000 to N350,000.

The average rent in Festac is N1 million.


Disclaimer

Kindly note that the prices and estimates quoted were deduced from research at the time of writing. Various factors can influence house rents; hence, the price may vary or have significantly increased by the time you are reading this article.

Have any additional information or prices? Please share with us and others in the comment section below.

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