In Lagos, Nigeria, houses of different types and shapes have different prices and lengths, but that largely depends on the environment and location. Note $1 = N 150. To explain how rents are charged and where it is best to look for what type of apartment, let’s tithe houses and rents in Lagos Nigeria into mainland houses and island houses.
Lagos Nigeria is typically divided into two segments, namely the island which is home to much of the middle class and upper classes and the mainland which is home to a small segment of the upper class, middle class and most of the upper class. .
Houses on the mainland of Lagos Nigeria
Most of the houses on the mainland are exclusively occupied by the lower class and most of them are unskilled labor. They are mainly made up of the type of face-to-face houses in which the apartments are rooms that can be occupied by families that sometimes consist of up to 12 members. The lower middle class of Lagos Nigeria society usually occupy houses with apartments, such as self-contained apartments, two-bedroom apartments, and three-bedroom apartments. The few middle-class people would opt for three-bedroom flats, bungalows or duplexes. On the mainland, rents range from 30,000 naira a year to more than 3,000,000 naira (US$200-20,000).
On the mainland, houses and rents are more expensive in Ikeja and Surulere. Most of the middle class in the mainland lives in places like GRA, G Cappa Estate, Allen Avenue, Toyin Street, Opebi road for Ikeja and Alaka, Adeniran Ogunsanya, Eric Moore, among others, in Surulere. Generally speaking, self-contained apartments cost as little as $2,000 a year. Other apartments, especially 3-bedrooms, cost between $4,000 and more than $10,000 a year. Other places on the mainland where apartments are a bit expensive are Apapa, Ilupeju, Magodo, parts of Yaba, Ajao Estate and Festac.
On the other hand, places where the poor and lower classes abound offer mostly one-bedroom apartments on different floors with only one bathroom, kitchen, and toilet for all the tenants on that floor. Fees range from $200 to $500 per year.
Houses on the island of Lagos
With the exception of Epe, Obalende, Idumota and other slums, the mainland of Lagos is the exclusive preserve of the middle and upper classes. Many of the people in this class are expats who are in Lagos, Nigeria for business or pleasure. The options are very attractive but expensive. Luxury apartments can be found on Victoria Island, Ikoyi, Lekki Pennisular and Ajah with rates ranging from $4,000 to over $100,000 a year. Some expats prefer to stay in five star hotels that also offer the same amount of luxury except they are more expensive.
Places like Adeola Odeku, Akin Adesola, Admiralty Way and Victoria Garden City are places on Victoria Island and Ajah Extension that offer luxury apartments. Ikoyi also has a number of luxury apartments in places like Banana Island, Park View, and Foreshore Estates. Niger Towers is also another popular luxury apartment building with hundreds of apartments on sale. With a budget of $80,000, you could get a luxury 2- or 3-bedroom apartment if you’re a high-end consumer.
