Lagos rents have risen so fast that many households now define ‘affordable’ as making compromises – living farther away, choosing a simpler home with fewer comforts, and limiting where they can search.
A new ranking of average rents shows that two-bedroom apartments remain on the lower end of the market, even as demand stays strong and the housing shortage keeps pushing prices up.
The data is drawn from the Lagos Residential Market Report 2025 by Edala Development, which compiles average rental values across the city. In plain terms, this is not a list of “cheap” apartments everywhere, but a snapshot of where the average two-bedroom rent is currently lower than in most parts of Lagos.
What the numbers say
Across these 10 locations, average annual rents for a two-bedroom range from ₦575,000 to ₦1.5 million.
Here are the areas, from the lowest average rent upward:
Badagry — ₦575,000
Epe — ₦605,000
Ikorodu — ₦815,000
Ojo — ₦967,000
Alimosho — ₦1,000,000
Mushin — ₦1,100,000
Oshodi — ₦1,100,000
Agege — ₦1,200,000
Ajegunle — ₦1,400,000
Festac — ₦1,500,000
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Why do these places keep showing up?
The most affordable averages are largely found outside the high-pressure core of Lagos, either along the Lagos-Badagry axis (Badagry, Ojo, Festac, Ajegunle) or on the outer edges near waterways and growth corridors (Epe, Ikorodu).
In Ikorodu’s case, the report points to transport options that can make distance more manageable, including BRT connectivity and water travel links to major business districts. And in Badagry, the write-up flags its coastal location and improving connectivity narrative, including mention of the Federal Government’s Sokoto–Badagry corridor project.
How to use this list if you’re house-hunting
Treat the rent figure as your starting point, not your decision. Before you commit, factor in the full monthly cost of living – transport, power, water, security, and service charges (where applicable).
Then verify the basics – clear paperwork, a proper inspection, and a written tenancy agreement that matches what you paid for.
