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/
In Lagos Island, the average annual rent for a two-bedroom apartment has surged to N17.25 million in 2026, according to a new residential market report by Lagos Realty. This marks a significant rise compared to previous years, with Ikoyi leading the pack at N17.25 million, followed by Victoria Island at N15 million, Lekki Phase 1 at N10 million, and Ikate at N8.5 million.
Ikate experienced the most substantial increase, with rents jumping by 183.33% from N3 million in 2022 to the current figure. The report attributes the growth to factors such as residential development, infrastructure improvements, and the relative affordability of certain areas compared to others.
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