Lagos Island two-bedroom rent hits N17.25m – Report
A new report reveals Lagos Island rent for two-bedroom apartments has soared to N17.25 million in Ikoyi, with significant increases across Victoria Island, Read More: https://punchng.com/lagos-island-two-bedroom-rent-hits-n17-25m-report/
According to the Lagos Island Residential Market Report 2026 by Lagos Realty, the average annual rent for a two-bedroom apartment in Lagos Island has skyrocketed to N17.25 million in 2026, making it the priciest location among four major submarkets. Ikate recorded the lowest average rent at N8.5 million, reflecting an alarming 183.33 percent increase from N3 million in 2022.
Lekki Phase 1, Victoria Island, and Ikoyi followed with average rents of N10 million, N15 million, and N17.25 million, respectively, with rental costs surging by 150 percent, 128.31 percent, and 115.63 percent over the same period.
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