Finding cheap houses for rent on Lagos Island in 2025 can be a challenge in a high-demand market. Fortunately, a number of neighborhoods offer quality, budget‑friendly rental options without sacrificing convenience or lifestyle. In this guide, we break down 20 affordable areas—from well‑known neighborhoods to emerging gems—so you can find the best affordable apartments and houses on Lagos Island.
Whether you’re searching for budget rentals, cheap apartments, or low‑cost houses for rent on Lagos Island, our list covers everything from established areas like Ajah to up‑and‑coming spots such as Awoyaya, Bogije, and Ogonbo.
1. Ajah
Overview: One of the most dynamic rental areas, Ajah features a range of housing—from modern duplexes to spacious apartments.
Average Rent: A 3‑bedroom apartment typically ranges from ₦1.2 million to ₦2.5 million per year.
Why Rent Here? Ajah offers excellent connectivity via the Lekki‑Epe Expressway, making it ideal for commuters and families seeking affordable yet modern accommodations.
2. Sangotedo
Overview: Just adjacent to Ajah, Sangotedo is evolving quickly with increasing infrastructure development.
Average Rent: Prices tend to be very competitive, with many 2‑ and 3‑bedroom options falling below ₦1.5 million per year.
Why Rent Here? Budget-conscious renters appreciate the mix of affordability and access to growing amenities.
3. Abijo
Overview: Abijo is known for its commuter-friendly vibe and very affordable rental rates.
Average Rent: Typical 3‑bedroom flats can be found for around ₦1.0 million per year.
Why Rent Here? This neighborhood is perfect for those willing to commute a bit further in exchange for lower rent.
4. Awoyaya
Overview: An emerging area that’s gaining popularity for its mini flats and self‑contained apartments.
Average Rent: One‑bedroom mini flats can rent for as low as ₦800,000 per annum.
Why Rent Here? Awoyaya is ideal for students and young professionals looking for cheap housing near key work areas.
5. Bogije
Overview: Often overlooked, Bogije is quickly emerging as a hotspot for affordable rentals.
Average Rent: Rent for small apartments is estimated to range between ₦600,000 and ₦800,000 per year.
Why Rent Here? Its low rental rates and potential for growth make Bogije attractive for budget‑rental seekers.
6. Lakowe
Overview: Renowned for its serene environment, Lakowe offers cost‑effective rental options with a touch of luxury.
Average Rent: Depending on the unit, rents can range from ₦1.0 million to ₦2.0 million per year for multi‑bedroom apartments.
Why Rent Here? Ideal for those seeking tranquility without straying too far from the urban pulse.
7. Ibeju‑Lekki
Overview: A broad area with various affordable rental options, Ibeju‑Lekki is known for its rapid development and investment potential.
Average Rent: Prices vary widely—many 2‑bedroom flats start at around ₦500,000 per year.
Why Rent Here? It offers both affordability and the promise of future growth, making it a strategic choice.
8. Badore
Overview: Situated along the Lekki‑Ajah axis, Badore is known for its peaceful and affordable environment.
Average Rent: Many rentals here are priced under ₦1.0 million per year for standard apartments.
Why Rent Here? Its relatively quiet atmosphere and low costs appeal to families and individuals alike.
9. Ikota
Overview: Despite its proximity to more upscale areas like Lekki Phase 2, Ikota remains surprisingly affordable.
Average Rent: A modest 2‑bedroom unit may rent for around ₦1,200,000–₦1.8 million per year.
Why Rent Here? Renters get the best of both worlds: access to commercial centers without the premium price tag.
10. Ogombo
Overview: Located near the renowned Abraham Adesanya Estate, Ogombo offers a mix of affordable and comfortable housing.
Average Rent: Many 3‑bedroom apartments here are available for roughly ₦1.0–₦1.5 million per year.
Why Rent Here? It’s a favorite among those seeking budget‑friendly rentals with good amenities.
11. Langbasa
Overview: Known for its community-centric atmosphere, Langbasa offers affordable options for families and young professionals.
Average Rent: Typical rental prices for modest apartments are around ₦800,000 per year.
Why Rent Here? Its low cost of living and strong community spirit make it a great option for budget renters.
12. Ilasan
Overview: Situated near the Lekki Free Trade Zone, Ilasan is a practical choice for those working in or around commercial hubs.
Average Rent: Rentals here are reasonably priced, with many units averaging around ₦900,000 per year.
Why Rent Here? Proximity to work and lower rental rates make Ilasan a popular choice among professionals.
13. Ado
Overview: Ado offers an attractive mix of affordability and connectivity with nearby urban centers.
Average Rent: One‑bedroom apartments can often be rented for approximately ₦800,000 per year.
Why Rent Here? Its strategic location and lower cost of living attract both students and young professionals.
14. Orimedu
Overview: An overlooked gem, Orimedu provides basic, budget‑friendly housing options in a quiet setting.
Average Rent: Expect 1‑bedroom units to be available for around ₦350,000–₦600,000 per year.
Why Rent Here? Renters can enjoy a peaceful environment with minimal rental expenses.
15. Eleko
Overview: A coastal area with a laid‑back vibe, Eleko is gaining traction as an affordable rental option.
Average Rent: Many units here are priced between ₦500,000 and ₦1,000,000 per year.
Why Rent Here? The seaside atmosphere and relatively low costs make Eleko an attractive option for budget renters.
16. Eputu
Overview: Similar to Eleko, Eputu offers inexpensive rental options while providing access to coastal amenities.
Average Rent: One‑bedroom apartments here may cost between ₦800,000 and ₦900,000 per year.
Why Rent Here? Affordable and scenic, Eputu appeals to those looking for a relaxed lifestyle.
17. Abule Egba
Overview: Known for its long‑standing reputation as an affordable area, Abule Egba continues to offer low‑cost housing options.
Average Rent: You can often find 1‑bedroom flats for as little as ₦200,000 to ₦400,000 per year.
Why Rent Here? It’s a proven budget‑rental zone ideal for students and low‑income earners.
18. Ogudu
Overview: Although slightly further afield, Ogudu offers pocket‑friendly rental options with a variety of housing styles.
Average Rent: Many small apartments in Ogudu rent for around ₦300,000 to ₦600,000 per year.
Why Rent Here? Its affordability and availability of basic amenities make it a solid choice for budget renters.
19. Ibeju (Standalone)
Overview: Beyond the broader Ibeju‑Lekki area, certain parts of Ibeju itself are emerging as very affordable for renters.
Average Rent: Rent for modest apartments can range between ₦300,000 and ₦600,000 per year.
Why Rent Here? With continued development and low rental rates, Ibeju is becoming increasingly popular for those seeking cheap housing.
Final Thoughts
In 2025, affordable rentals on Lagos Island and its adjoining areas continue to offer viable options for budget‑conscious renters. Whether you’re in search of a cheap apartment for rent on Lagos Island or a low‑cost house on the outskirts, our guide covers diverse neighborhoods that combine value with quality. By considering factors such as transportation, amenities, and future growth potential, you can secure a rental that fits both your lifestyle and your budget.
For more insights on cheap houses for rent in Lagos Island and other budget‑friendly options, keep exploring our blog and subscribe for the latest updates.
