Lagos, Nigeria — With rental prices continuing to shape lifestyles and mobility in Nigeria’s largest city, new data shows where renters can find the most affordable two-bedroom apartments in Lagos State.
According to the latest Lagos Residential Market Report 2025, certain neighbourhoods offer significantly lower rents compared with the city’s pricey central and island districts.
Here’s the 2026 ranking of the cheapest Lagos areas to rent a 2-bedroom apartment (average annual rents):
📊 Top 10 Cheapest Areas to Rent (2-Bedroom)
| Rank | Area | Average Annual Rent (₦) |
|---|---|---|
| 1 | Badagry | ₦575,000 |
| 2 | Epe | ₦605,000 |
| 3 | Ikorodu | ₦815,000 |
| 4 | Ojo | ₦967,000 |
| 5 | Alimosho | ₦1,000,000 |
| 6 | Mushin | ₦1,100,000 |
| 7 | Oshodi | ₦1,100,000 |
| 8 | Agege | ₦1,200,000 |
| 9 | Ajegunle | ₦1,400,000 |
| 10 | Festac | ₦1,500,000 |
(All figures are average annual rents for two-bedroom apartments in Lagos State.)
🏡 What This Means for Renters
Whether you’re a young professional, family, or student, this ranking highlights the areas where rental budgets stretch the farthest in 2026:
📍 1. Badagry
- Comes out as the cheapest overall location for a two-bedroom apartment in Lagos.
- Often offers rents under ₦600,000 per year — far below Lagos’s average.
📍 2. Epe
- Epe’s quieter, more suburban feel comes with lower rent.
- Ideal for those working remotely or willing to trade commute distance for affordability.
📍 3. Ikorodu
- A popular budget choice with average rents under ₦900,000.
- Property marketplaces list actual 2-bedroom rents starting from around ₦300,000 in parts of Ikorodu.
📍 4. Ojo & 5. Alimosho
- Ojo’s growing community and proximity to LASU keeps rents below many mainland areas.
- Alimosho, one of Lagos’s most populous LGAs, offers a broad mix of affordable sub-locations.
📍 6–7. Mushin & Oshodi
- Central mainland neighbourhoods with lower rent bands.
- Attractive for commuters who want proximity to central Lagos without high island rents.
📍 8–10. Agege, Ajegunle & Festac
- Agege and Ajegunle are longstanding affordable communities with good transport links.
- Festac’s planned layout and amenities have kept two-bedroom rents competitive.
🧠 Tips Before You Rent
✔ Inspect the property before signing — advertised averages can vary by exact street and landlord.
✔ Check transport and commute costs — lower rent further from the city center might mean higher travel time and costs.
✔ Compare listings online (e.g., Nigerian Property Centre, Jiji, or local agents) for actual current offers.
📊 Lagos Rental Context
Rent pressure in Lagos is high: platforms report average two-bedroom rents for the city overall in the millions of naira annually, and rents range widely depending on neighbourhood and quality.
Image Credit : Google
Source : Nairametrics
