Finding an affordable home in Lagos’ high-pressure rental market requires a strategic look at the city’s outskirts. According to the Lagos Residential Market Report 2025 by Edala Development, published by Nairametrics on January 25, 2026, two-bedroom apartments remain the most sought-after units because they offer the best balance of space and cost for the city’s growing middle class and young professionals.
While premium areas like Eko Atlantic have seen rents soar to ₦26.6 million, budget-conscious tenants are finding relief in peripheral districts. The report notes that while prices have risen across the board, the most affordable options are concentrated in the far Mainland and border areas.
Top 10 Cheapest Areas to Rent a 2-Bedroom Apartment in Lagos
Values represent average annual rent prices as of early 2026.
Badagry — ₦575,000
Epe — ₦605,000
Ikorodu — ₦815,000
Ojo — ₦967,000
Alimosho — ₦1 million
Mushin — ₦1.1 million
Oshodi — ₦1.1 million
Agege — ₦1.2 million
Ajegunle — ₦1.4 million
Festac — ₦1.5 million