Top 5 Affordable Areas to Rent in Lagos Under 1Million Naira

Renting a house in Lagos has become a daunting task, as landlords often inflate housing costs, making it difficult for many citizens to afford rentals. 

Some landlords even demand up to two years of rent upfront, disregarding whether tenants can manage these costs. There is a pressing need for government intervention to regulate these price inflations to prevent a surge in homelessness among Lagosians. 

Penalties or fines should be imposed on landlords who fail to adhere to fair pricing rules. Additionally, the government could consider constructing affordable housing that citizens can purchase and pay off over several years. Below, find locations where you can rent a house for under one million Naira in Lagos.

Top 5 Affordable Areas to Rent in Lagos Under One Million Naira:

Agege

Rent in Agege is relatively affordable, with prices ranging from ₦600,000 to ₦900,000 annually for basic apartments. This area offers a good mix of traditional and modern lifestyles and excellent transport links.

Ikorodu 

Known for its lower cost of living, Ikorodu offers rental options from ₦600,000 to ₦900,000 per year. It’s ideal for those looking for a quieter lifestyle away from the city’s hustle.

Ikotun/Igando 

In this area, rents vary widely but remain affordable. You can find mini-flats and two-bedroom apartments ranging from ₦800,000 to ₦1,000,000 annually, suitable for small families or individuals.

Badagry 

Badagry is an appealing option for those on a tight budget, with rental costs typically between ₦500,000 and ₦800,000 per year. It’s farther from the city center, which contributes to the lower prices.

Abule Egba 

Abule Ebga is another excellent area to consider for affordable rentals in Lagos. Nestled within a vibrant community, houses here typically range from ₦700,000 to ₦900,000, depending on your budget.

This makes it a fantastic option for those looking to find a balance between affordability and accessibility to various city amenities.