Looking for cheap rent in Lagos? Here are 6 affordable areas | Prestige Real Estate News

By Akanni Dorcas

Lagos is Nigeria’s most bustling rental market, with over 80% of its 22 million residents living in rented homes. On average, people spend more than half their income on housing. Finding a budget-friendly rental can be tricky, but with the right approach, it’s definitely possible.

Lagos is a huge city, and where you choose to live can make a big difference in rental costs. Properties closer to the city centre are usually more expensive. For more affordable options, explore the outskirts or less popular areas.

Just remember to factor in your commute to work or school to find the right balance between cost and convenience.

Also, know how much you’re willing to spend before you start your search. Lagos has homes to fit all budgets, from luxury apartments to simple homes. If you’re looking to save, less expensive areas are great options.

Some of the more affordable areas in Lagos to explore include Agege, Ikorodu, Abule Egba, Ipaja, Ogba, and Oshodi. Average rents for mini-flat apartments in these areas in Lagos range from N220,000 to N400,000 per annum.

Agege

Located in northern Lagos, Agege is a great option if you’re on a budget. It offers a mix of old and new housing, with plenty of transport links to the rest of the city. Plus, the cost of living here is relatively low, making it a budget-friendly place to live.

Ikorodu

Though it’s on the outskirts of Lagos, Ikorodu is a growing area with lots of affordable rental options. It’s easily accessible by road and even by water. With lower living costs and access to key amenities like schools and hospitals, Ikorodu is ideal if you’re looking for a quieter lifestyle.

Abule Egba

Another budget-friendly spot is Abule Egba. Located in Ifako-Ijaiye Local Government Area, this area has reasonably priced housing and solid transport connections as it is close the Lagos-Abeokuta Expressway. You can find one-bedroom apartments here for as low as N200,000 to N350,000 per year, depending on location and amenities.

Ipaja

Ipaja is a central location with great transport links to places like Oshodi and Ikotun. It’s especially convenient for those working in Ikeja. With lower rental costs and easy access to other parts of Lagos, Ipaja is a great choice for renters on a budget.

Ogba

Ogba’s proximity to Ikeja makes it a popular rental area. It offers a mix of residential neighbourhoods, and its location helps cut down on commute time if you work in Lagos’ capital.

Oshodi

Oshodi is another central area with great transport links across Lagos. It’s easy to get around, and the rental costs here are typically more affordable, making it a popular choice for many renters.

Culled from Vanguard