Lagos is a sprawling metropolis with a rental market as diverse as its people. While high-end areas like Victoria Island and Ikoyi dominate the skyline, many neighborhoods—especially on the outskirts and in the mainland—offer affordable housing options without compromising on basic amenities. In this guide, we explore the cheapest places to rent in Lagos in 2025, providing insights for anyone looking for budget-friendly apartments or houses.
Affordable Rental Hotspots in Lagos
Mainland Neighborhoods: Value-Packed Living
Ikorodu:
Known for its low rental rates and genuine local vibe, Ikorodu is a top choice for budget-conscious renters. A variety of low-cost apartments and houses make it an attractive option for families and young professionals.
Agege:
With a growing population and a mix of older and newer residential buildings, Agege offers competitive rental prices. You can find modest apartments at a fraction of the cost of central Lagos.
Ojo:
This area provides a peaceful, low‑cost living environment. Ojo’s affordable rental options make it ideal for those willing to commute a bit farther for lower rent.
Mushin:
Although densely populated, Mushin is renowned for its extremely low rental rates. It’s a viable choice for individuals who prioritize affordability over luxury.
Alagbado and Ikotun:
Both neighborhoods are celebrated for their low-cost rental markets. They offer a range of options from mini flats to family-sized apartments, all at prices that won’t break the bank.
Egbeda:
Rapidly developing and budget‑friendly, Egbeda offers essential amenities and affordable rents, making it a great option for families and students alike.
Outskirts and Emerging Areas: Hidden Gems
Ijegun:
A growing suburb within the Alimosho Local Government Area, Ijegun is gaining traction for its low rental rates and improving infrastructure. It’s perfect for renters looking for a quiet yet accessible locale.
Awoyaya & Bogije:
These areas, located within the broader Ibeju‑Lekki region, are emerging as affordable hotspots. With rental prices significantly lower than those in central Lagos, they’re ideal for students, young professionals, and expats on a budget.
Ogonbo:
Although still emerging, Ogonbo is quickly becoming known for its budget-friendly housing options. This area is ideal for those who want to live cheaply without sacrificing essential comforts.
Key Considerations for Budget Renters in Lagos
- Seasonal Rates: Rental prices tend to dip during the winter months (October to April), so timing your move could yield additional savings.
- Cost of Living: While the average cost of living for an expat in Lagos can range from ₦15 million to ₦36 million per year, those on a tight budget can significantly reduce expenses by choosing these affordable neighborhoods.
- Lifestyle Trade-Offs: Cheaper rental options are often found further from central business districts. Consider the trade‑offs between lower rent and potentially longer commutes, as well as differences in available amenities.
- Future Growth: Many affordable areas are on the cusp of development. Early movers in neighborhoods like Ijegun or Awoyaya may benefit from improved infrastructure and rising property values over time.
Final Thoughts
Lagos may be famous for its high‑end real estate, but affordable rental options abound—especially on the mainland and in emerging neighborhoods on the outskirts. Whether you’re a student, a young professional, or an expat seeking budget-friendly housing, areas like Ikorodu, Agege, Ojo, Mushin, Alagbado, Ikotun, Egbeda, Ijegun, Awoyaya, Bogije, and Ogonbo offer viable, affordable choices in 2025.
By considering factors such as seasonal price changes, transportation costs, and future growth potential, you can secure a rental that fits your lifestyle and budget without compromising on quality. Explore these neighborhoods, and start your journey toward affordable living in Lagos today!
