There are 717 houses for rent in Banana Island as of 21 Sep 2026, with an average price of ₦65M. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
For lease: 5 Bedroom Terrace Apartment -- Banana Island, Ikoyi a well-finished 5-bedroom terrace apartment in one of Lagos's most exclusive and secure neighborhoods. Designed for convenient luxury living, this home offers premium facilities and the refined lifestyle Banana Island is known for. Property Features - 5 Bedrooms (all en-suite) - Swimming Pool - Fully Fitted Kitchen - Boys' Quarters (BQ) - Secure and Private Environment Rent: ₦70,000,000 per annum Service charge: 6 million deposit including diesel Agency: 10% Legal: 10% Caution: 5%
Banana Island, Ikoyi, Lagos
Added today
5 beds
5 baths
6 toilets
3 Parking
Brooke Addison Real Estate
Premium
19
$120,000/yr
House for rent
6 Bedroom House with Pool and Parking
6 bed house with 2bq, pool and parking for 6 cars in banana island @ $120k per annum, minimum is 3yrs
Banana Island, Ikoyi, Lagos
Added yesterday
6 beds
6 baths
7 toilets
6 Parking
New Adventure Limited
Premium
20
₦50,000,000/yr
House for rent
4 Bedroom Massionette
To let 4bedroom Maisonette with a bq Location: Banana Island, Lagos State Rent N50M caution 10% Agency 10% Legal 10% Service charge; 8M Diesel 1m
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
Petovat Homes
Premium
23
₦45,000,000/yr
Terraced duplex for rent
Premium 3 Bedroom Duplex
Premium 3-bedroom duplex Price reduction Features; 24 Hours power supply Ample parking All rooms en-suite 65-inch Smart tv in the living room Fitted kitchen Wi-Fi Mini home office space Clean water Agency 10% Legal 10% Caution 10% Service Charge ₦5M
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
2 Parking
Roqables Global Services.
Premium
13
₦40,000,000/yr
Terraced duplex for rent
Furnished 2 Bedroom Maisonette
A neatly furnished 2bed apartment going out for rent in Banana Rent: 40M sc: 4m (diesel inclusive) Caution: 2m Agency: 10% Legal:10% Kindly note that there is no bq
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
2 Parking
Roqables Global Services.
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13
₦35,000,000/yr
Terraced duplex for rent
Furnished 2 Bedroom Maisonette
A neatly furnished 2bed apartment going out for rent in Banana Rent: 35M sc: 4m (diesel inclusive) Caution: 2m Agency: 10% Legal:10% Kindly note that there is no bq
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
2 Parking
Roqables Global Services.
Premium
11
₦30,000,000/yr
Terraced duplex for rent
3 Bedroom Maisonette
3 bedroom terrace duplex in a waterfront mini estate Features; 24hrs power supply Ample parking Fitted kitchen Premium location Adult Pool Kids pool Gym Onsite facility management Highly secure and serene All rooms en-suite Etc Can come furnished or unfurnished Unfurnished 30M Agency 10% Legal 10% Caution 10% SC 4.5M Biporal dues 450K
3rd Avenue, Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
2 Parking
Roqables Global Services.
Premium
8
₦80,000,000/yr
Terraced duplex for rent
A 5 Bedroom Terraced Apartment
Semi-Direct Brief for lease: Description: 5 Bedroom Terrace Apartment located off 3rd Avenue, Banana Island, Ikoyi a well-finished 5-bedroom terrace apartment in one of Lagos's most exclusive and secure neighbourhoods. Designed for convenient luxury living, this home offers premium facilities and the refined lifestyle Banana Island is known for. Property Features - 5 Bedrooms (all en-suite) - Swimming Pool - Fully Fitted Kitchen - Boys' Quarters (BQ) - Secure and Private Environment Rent: N80,000,000 per annum Service charge: N6 million deposit including diesel Agency: 10% Legal: 10% Caution: 5% Pictures available upon request.
Off 3rd Avenue, Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
5 Parking
Absaat Property Service Limited
Premium
11
₦80,000,000/yr
Terraced duplex for rent
5 Bedroom Terrace Apartment
Semi-Direct Brief for lease: Description: 5 Bedroom Terrace Apartment located off 3rd Avenue, Banana Island, Ikoyi a well-finished 5-bedroom terrace apartment in one of Lagos's most exclusive and secure neighborhoods. Designed for convenient luxury living, this home offers premium facilities and the refined lifestyle Banana Island is known for. Property Features - 5 Bedrooms (all en-suite) - Swimming Pool - Fully Fitted Kitchen - Boys' Quarters (BQ) - Secure and Private Environment Rent: ₦80,000,000 per annum Service charge: ₦6 million deposit including diesel Agency: 10% Legal: 10% Caution: 5% Pictures available upon request.
3rd Avenue, Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
5 Parking
Absaat Property Service Limited
Premium
15
₦50,000,000/yr
Detached duplex for rent
Luxury 4 Bedroom Detached Duplex + BQ
Elegantly Built Luxury 4Bedrooms Fully Detached House with BQ in a Secured Estate For Rent. Residential & Office Space Allowed. Location: Olori Mojisola Onikoyi Estate, Ikoyi Lagos. Rent: 50million per annum Term: 2years minimum Legal fee 10% Agency fee 10% Caution deposit 10% Features: Secured Estate Green Area Family Lounge Security House 24hrs Security Fitted kitchen Balcony Spacious Living Area - Ensuite Wardrobes - All Rooms Tiles - Dinning Section - Good road - Serene environment - Prime location - Good neighborhood - Clean Water - Good drainage system
Onikoyi Estate, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
5 Parking
360 Degree Properties LTD
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Premium
8
₦50,000,000/yr
Terraced duplex for rent
4-Bedroom Terraced Duplex with Service Quarter
Ce https://drive.google.com/drive/folders/1CuQqvD7RdFhSIc2F7uXOz25MUrS4vxoN 4-Bedroom Terrace + 1 Room Service Quarter - Banana Island, Ikoyi For Rent: Well-finished 4-Bedroom Terrace with 1 Room Service Quarter, located in the exclusive and prestigious Banana Island, Ikoyi. Ideal for refined residential living in a secure and serene environment. Location: Banana Island, Ikoyi Rent: ₦50, 000,000 per annum Service Charge: ₦3.5m Agency: 10% - Legal: 10% Comes With: All rooms ensuite - Service quarter - Spacious living areas - Modern kitchen - Secure gated environment - Ample parking - Premium neighborhood setting
Banana Island, Ikoyi, Lagos
4 beds
4 baths
4 toilets
Isinmi Living
Premium
12
₦50,000,000/yr
Terraced duplex for rent
4-Bedroom Luxury Terraced Duplex + Pool
Letting Banana Island, Ikoyi Units of 4-bedroom luxury terrace on 3-level with a garage within a mini estate Features: - All en-suite, fitted with split unit air conditioners - Fitted kitchen with modern appliances - Garage - Gated community on large grounds with well-manicured lawns overlooking the 5-cowrie creek - Good environment for families with kids - Children's play area - Gym and swimming pool with lagoon view - Ample car park space Rent: N50m negotiable Service charge deposit (inclusive of diesel) N5m Refundable caution deposit N3m https://drive.google.com/drive/folders/16wjk8akqUwBJeovG8sKO4bvatT05t4XG
Banana Island, Ikoyi, Lagos
4 beds
4 baths
4 toilets
Isinmi Living
Premium
1
₦22,000,000/yr
House for rent
Furnished 2-Bedroom Maisonette
Property Details Location: Osborne Phase 2, Ikoyi, Lagos Property Type: Furnished 2-Bedroom Maisonette Rent: ₦22,000,000 per annum Service/Maintenance: ₦1,500,000 Estate Service Charge: ₦360,000 Legal Fee: 5% Agency Fee: 10% Caution Fee: 7.5% refundable Total Stated Cost: ₦28,810,000 Use: Short-let business permitted Transaction: Rental Zahari View This furnished 2-bedroom maisonette in Osborne Phase 2, Ikoyi offers both residential accommodation and a stated opportunity for short-let business use, giving the property an additional commercial dimension. For an operator considering the short-let model, the permission to operate a short-let business is an important factor to verify as part of the tenancy and estate terms. The commercial viability, however, should be assessed beyond the permission itself. Prospective operators should consider expected occupancy, achievable nightly rates, furnishing standards, platform fees, utilities, cleaning, maintenance, staffing and other operating expenses before committing to the property. Property Highlights Furnished 2-bedroom maisonette Located in Osborne Phase 2, Ikoyi Short-let business permitted ₦22 million annual rent ₦1.5 million service/maintenance charge ₦360,000 estate service charge 7.5% refundable caution fee Suitable for residential or permitted short-let use Why This Property Deserves Attention The combination of Ikoyi location, furnished accommodation and stated short-let permission makes this maisonette relevant to both conventional tenants and prospective short-let operators. For a short-let operator, the property's financial assessment should begin with the full entry cost rather than the annual rent alone. This includes the stated service and estate charges, agency and legal fees, as well as the refundable caution fee. The operator should then compare these costs with realistic projected revenue and ongoing operating expenses. Short-Let Business Perspective Before entering into a short-let arrangement, prospective operators should verify: Written confirmation that short-let use is permitted Estate rules governing short-let operations Permitted occupancy and guest policies Expected nightly or monthly rates within the area Realistic occupancy assumptions Platform and booking fees Cleaning and laundry costs Electricity and other utility expenses Maintenance responsibilities Security and access arrangements Renewal terms and any restrictions on commercial use Short-let permission should be confirmed in the relevant tenancy documentation rather than relying solely on verbal representations. Total Stated Cost The stated financial obligations are: Annual Rent: ₦22,000,000 Service/Maintenance: ₦1,500,000 Estate Service Charge: ₦360,000 Legal: 5% Agency: 10% Caution: 7.5% refundable Total Stated Cost: ₦28,810,000 Prospective tenants should request a formal payment schedule and confirm the calculation and refund conditions before making payment. Tenant / Operator's Note Interested parties are encouraged to inspect the maisonette, review the tenancy agreement, confirm the short-let permission and understand all recurring costs before committing. For operators, a simple revenue-and-expense projection can help determine whether the proposed short-let model works under conservative occupancy assumptions. For Enquiries & Inspections +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Rental terms, availability, charges and short-let permissions are subject to confirmation. Prospective tenants and operators should independently verify all terms, estate regulations and documentation before making payment or commencing operations.
Osborne Phase 2, Ikoyi, Lagos, Banana Island, Ikoyi, Lagos
2 beds
1 bath
1 toilet
Zahari Properties
Premium
3
₦50,000,000/yr
Terraced duplex for rent
4 Bedroom Terraced Duplex with BQ
To let luxury 4-bedroom terrace with BQ Banana Island, Ikoyi, Lagos Experience premium residential living in one of Lagos' most prestigious neighbourhoods. This 4-bedroom terrace duplex with a BQ offers an excellent opportunity for comfortable and exclusive living in Banana Island. Property Features - 4 spacious bedrooms - Terrace duplex - BQ - Prime Banana Island location - Secure and prestigious neighbourhood Rent ₦50,000,000 per annum Additional fees - Agency: 10% - Legal: 10% - Caution: 10% - Service Charge: ₦5,000,000 initial deposit For enquiries & inspections Wole: 0806 700 7582 Kenneth: 0810 164 6771 Serious inquiries only.
Banana Island, Ikoyi, Lagos
4 beds
Dapo Olaiya Consulting
Premium
23
$100,000/yr
Detached duplex for rent
Sophisticated 5 Bedroom Detached House with Stunning City and Water View
Contemporary Finished 5 Bedroom Detached House with Stunning City & Water Views Key Features 5 Spacious Bedrooms -- All En-Suite 2 Living Rooms Cinema Room Study/Home Office Private Swimming Pool 2 Room BQ Fully Fitted Kitchen Home Automation Private Lift Stunning City & Water Views Spacious Outdoor Seating Area Stamp Concrete Flooring Steady Electricity Supply 24/7 Security Clean Water Supply Located in a Highly Secured Environment Rental Details Location: Banana Island, Ikoyi, Lagos Rent: $100,000 Per Annum Service Charge: ₦10M Agency Fee: 10% Legal Fee: 10% Caution Deposit: 10% For Inspection & Enquiries Adebimpe Adeola 08164276682 +2347081392769 [email protected]
Banana Island, Ikoyi, Lagos
5 beds
6 baths
6 toilets
4 Parking
Deola Luxe Realty Limited
Premium
13
₦45,000,000/yr
Terraced duplex for rent
Contemporary 4 Bedroom Maisonette with a Stunning View Plus a BQ
Contemporary Finished 4-Bedroom Maisonette with Stunning City & A Room Bq Key Features - 4 spacious bedrooms, all en-suite with a guest toilet - Stunning view - Swimming Pool - Spacious Bq/Maid room - A Gym Center - Fully fitted kitchen - Steady electricity supply - 24/7 security - Clean water supply - Secured area - Spacious outdoor seating area - Stamp concrete flooring Rental Details - Location: Inside Banana Island, Ikoyi - Price: 45M per annum - Other charges: - Agency fee: 10% - Legal fee: 10% - Caution deposit: 10% - Service charge: Contact Information For genuine and reputable real estate services, please contact: Adebimpe Adeola Phone: 08164276682/+2347081392769 Email: [email protected]
Banana Island, Ikoyi, Lagos
4 beds
5 baths
5 toilets
4 Parking
Deola Luxe Realty Limited
Premium
16
₦40,000,000/yr
Terraced duplex for rent
A Tastefully Finished 4 Bedroom Terraced Duplex with a BQ and Study Room
Direct property available for rent* _Tastefully finished 4-bedroom terrace with an attic room, an atrium, a study, an ante room, a sit-out area at the back, and Bq Available for rent_ Location:Banana island. Features: Gated, Serene and Secured Estate All en-suite bedrooms with guest toilet. 24/7 Power Supply with personal prepaid meter (Pay as you use) Swimming pool, Sit out Lounge Fully equipped Gym Balconies Ample parking with maximum Security. fitted kitchen Rental Value: 40million Naira Agency @ 10% of rental value Legal @ 10% of rental value Refundable caution deposit: 2.5million Naira Service charge: 2.8million Diesel deposit: 500k Power: N217/kwt Contact Information For genuine and reputable real estate services, please contact: Adebimpe Adeola Phone: 08164276682/+2347081392769 Email: [email protected]
Banana Island, Ikoyi, Lagos
4 beds
5 baths
5 toilets
3 Parking
Deola Luxe Realty Limited
Premium
25
₦35,000,000/yr
Terraced duplex for rent
Luxury 6 Bedroom Terraced Duplex
Luxury 6-bedroom terraced duplex Location: Banana Island Road, Ikoyi, Lagos Annual Rent: ₦35,000,000 Service Charge: ₦5,000,000 Diesel Deposit: TBD Caution Deposit: 10% Legal Fee: 10% Agency Fee: 10% Note: Inspection is free Facilities Include: - Separate BQ - Extra room for Driver/Cook - Swimming Pool - Balcony & Outdoor Seating Area - And more
Banana Island Road, Banana Island, Ikoyi, Lagos
6 beds
6 baths
7 toilets
3 Parking
20S Homes LTD
Premium
8
₦65,000,000/yr
Terraced duplex for rent
A Very Spacious 4 Bedroom House in a Good Estate
Banana Island Ikoyi The most spacious wing of a duplex, 4 bedroom terrace house on 3 floors in the prestigious estate for rent Rent: N65m p.a Service charge N5.5m Diesel inclusive. Agency and Legal (10% each) Features communal swimming pool and gym the unit is really spacious
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
Deherculean Enterprises
Premium
6
₦70,000,000/yr
Terraced duplex for rent
Luxury 4-Bedroom Terrace Duplex
For Lease In Banana Island Ikoyi Description: Tastefully finished 5 units of 4 bedroom terraced apartments with a room service quarter each Location: D close, Ogun Street, Banana Island, Ikoyi Rent: 70 million Naira per annum per unit (slightly negotiable) Service charge: 4 million Naira exclusive of power Service charge covers, Security, water, cleaning of common areas, lightning of common areas, fumigation... Features; Ample parking space Fully fitted kitchen Walk-in closet Fire alarm system Dining area ACs New term/condition; Preferably a reliable company that wants to take single unit or multiple units for their staff Not for shortlet use For enquiries & Inspection Contact 07038982071
Ogun Street, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
4 Parking
Olalekan Abass & Co
Showing 1–20 of 717 properties
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Area Guide
About Banana Island, Ikoyi
Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. The Island is a man-made island and is shaped like a banana. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate.The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Banana Island has residential and commercial areas, as well as sites for recreational activities
It occupies a sand-filled area of approximately 1,630,000 square metres and is divided into 536 plots (of between 1000 and 4000 square metres in size) mainly arranged along cul-de-sacs. Dwellers in this Island are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks
