There are 1,516 flats, houses, land and commercial properties for rent in Banana Island as of 19 Sep 2026, with an average price of ₦55M. 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.
Come experience our new 5Star apartment, boasting a spectacular waterfront view, furnished with the most exceptional & impressive interiors, located in the heart of Banana Island, A neighborhood that exudes opulence & grandeur off the foreshore of Ikoyi, Lagos, Rated by Forbes as one of the most expensive & exclusive residences in Africa, They say, "A picture is worth a thousand word" Wonder if these tell a story as we turn a new chapter in the business of luxury, You be the judge. 1year Rent - 50m Service Charge - 5m Agency - 10% Legal - 10% Caution - 5% Note: for clients who are looking to get long leases, this apartment can go as low as 45m annually.
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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.
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
1
$65,000/yr
Flat / apartment for rent
Spacious 2 Bedroom Apartment with BQ
A well-built and exceptionally well-maintained 2-bedroom apartment with a room bq is available for rent in the prestigious Banana Island. Facilities & Features: - Spacious 2-bedroom apartment with a room bq - Swimming pool - Fully kitted gym - Mitsubishi elevators - 24/7 power supply - Water treatment plant - Lounge - Dedicated gas room - 2 car parking spaces - laundry room Annual Rent: $65,000 Service Charge: ₦5.75M quarterly a premium residential option in one of Lagos' most exclusive neighbourhoods, suitable for clients seeking comfort, security and excellent facilities. Banana Island, Lagos To Ikeja GRA Ladoke Akintola
Banana Island, Ikoyi, Lagos
Added today
2 beds
2 baths
3 toilets
Gui Integrated Concept Limited
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
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Premium
25
₦40,000,000/yr
Flat / apartment for rent
3-Bedroom Penthouse with BQ
Mandate Listing 3-bedroom penthouse + BQ --- banana island, ikoyi Premium, private and fully serviced penthouse, suitable as a 2-bedroom + study. Features: - Swimming Pool - Open Terrace & City View - 24/7 Power & Security - Mini Gym - Fully Serviced - Banana Island Estate Amenities - Private & Exclusive - Ideal for Corporate Clients Rent: N40M P.A (NON-NEGOTIABLE) 2 Years: N80M SC: ₦5.5M P.A Caution: 10% Refundable Agency: 10% Legal: 10%
Banana Island, Ikoyi, Lagos
3 beds
3 baths
3 toilets
3 Parking
BNB Properties
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
2
₦40,000,000/yr
Flat / apartment for rent
3-Bedroom Executive Apartment with BQ
A newly renovated 3-bedroom executive apartment with BQ available on Banana Island Road. The property offers excellent facilities including: - swimming pool - gym - ample parking - generator - 24-hour security Rent: ₦40M per annum Service Charge: ₦3M Agency: 10% Legal: 10% The apartment has just been renovated and is available for immediate inspection. Please let me know if you have a suitable client looking for a quality 3-bedroom residence within this location. I'll be happy to arrange a timely viewing at your convenience. Thank you. Sky
Banana Island, Ikoyi, Lagos
Added yesterday
3 beds
4 baths
4 toilets
Flowtouch Properties
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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
Premium
14
₦30,000,000/yr
House for rent
Luxury 2 Bedroom Fully Furnished House
Luxury 2 Bedroom Fully Furnished House for lease -- banana island, ikoyi Experience refined living in one of Lagos' most prestigious and exclusive residential neighbourhoods. Property Features: - Fully Furnished 2-Bedroom House - No BQ - Prime Location, Banana Island, Ikoyi - Tastefully Furnished & Elegantly Designed - Secure and serene residential environment Lease Price: ₦30,000,000 for 2 Years Perfect for individuals or corporate executives seeking premium comfort, privacy, and convenience in a highly sought-after location. Contact us today to schedule an inspection or request further details.
Banana Island, Ikoyi, Lagos
2 beds
2 baths
2 toilets
Trustfield Realty Limited
Premium
Verified Photos
6
₦30,000,000/yr
Flat / apartment for rent
2 Bedroom Apartment with BQ
For Rent 2 bedroom apartment with BQ Banana island Rent: 30m Agency 10% Legal 10% Caution 10% Property Features 2 bedrooms ensuite Fitted kitchen Bq Serene Estate Please call Emmanuel 08100203228 for inspection
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
Joe Etoniru and Associates
Premium
7
₦75,000,000/yr
Flat / apartment for rent
Spacious 4 Bedroom Penthouse at Ocean Parade
To let 2 Units of spacious 4 bedroom flat with bq, fitted kitchen, ensuite rooms, study room, box room, swimming pool, GYM amd elevator. Location: Banana island Rent: 6TH floor: 65M Penthouse: 80M
Ocean Parade Towers, Banana Island, Ikoyi, Lagos
Added yesterday
4 beds
4 baths
5 toilets
Mo Resources & Services LTD
Premium
1
₦60,000,000/yr
Terraced duplex for rent
Private and Quiet 4 Bedroom Terrace House, BQ, Pool, Gym
Direct clients preferable Premium and private 4 bedroom terrace with bq, swimming pool, gym, etc in Banana Island Estate Ikoyi Rent: N60m per annum Exclusive of service charge and power deposit Agency 10% Legal 10% Caution 10% In your best interest deal with highly trusted luxury real estate professionals at no extra costs. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate, Banana Island, Ikoyi, Lagos
Added yesterday
Direct clients preferable Premium Ocean facing / waterfront 3 bedroom terrace apartment with bq, swimming pool, gym, tennis court, squash, jetty, etc in Banana Island Estate Ikoyi Rent: N50m per annum Exclusive of service charge and power deposit Agency 10% Legal 10% Caution 10% In your best interest deal with highly trusted luxury real estate professionals at no extra costs. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate Ikoyi, Banana Island, Ikoyi, Lagos
Added yesterday
3 beds
3 baths
4 toilets
2 Parking
Prince Ademola Osinuga International
Premium
15
₦40,000,000/yr
Flat / apartment for rent
Luxury Newly Renovated 3 Bedroom Service Apartment with BQ
Newly renovated 3-bedroom executive apartment with BQ available on Banana Island Road. The property offers excellent facilities including: - swimming pool - gym - ample parking - generator - 24-hour security Rent: ₦40M per annum Service Charge: ₦3M Agency: 10% Legal: 10% The apartment has just been renovated and is available for immediate inspection.
Banana Island, Ikoyi, Lagos
Added yesterday
3 beds
3 baths
4 toilets
2 Parking
Divention Properties Limited
Premium
8
₦35,000,000/yr
Terraced duplex for rent
Private 4 Bedroom Terrace House with BQ, Swimming Pool
Direct clients preferable Private 4 bedroom terrace house with bq, swimming pool, etc in Banana Island Estate Ikoyi Rent: N35m per annum Exclusive of service charge and power deposit Agency 10% Legal 10% Caution 10% In your best interest deal with highly trusted luxury real estate professionals at no extra costs. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island, Ikoyi, Lagos
Added yesterday
4 beds
4 baths
5 toilets
2 Parking
Prince Ademola Osinuga International
Premium
10
$77,500/yr
Flat / apartment for rent
New 4 Bedroom with BQ Pool Gym Tennis Court Basketball Court
To Let semi a very spacious and finely finished 4-bedroom apartment with a room BQ, located on the 8th floor of a well-serviced development. The apartment is brand new and has never been occupied, Oceans Parade, Banana Island, Ikoyi Rent $77,500 per annum Additional Charges: Agency Fee: 10% of rental value Legal Fee: 10% of rental value Caution Deposit: ₦5,000,000 Service Charge: ₦8,800,000 per annum (subject to annual review) * Electricity: ₦234 per kWh features & facilities Spacious and tastefully finished interiors Brand new --- never been lived in Serene and secure environment Gated premises with 24/7 security Uniformed security guards Code-access security system Fully serviced development 24/7 power supply Elevator Swimming pools Fully equipped gym Tennis court Basketball court Squash court Secure, allotted parking spaces On-site Facilities Management Office tenancy preference: The property is preferably available to corporate tenants, subject to the landlord's approval and standard documentation requirements.
Ocean Parade, Banana Island, Ikoyi, Lagos
Added yesterday
4 beds
4 baths
5 toilets
2 Parking
Wifis and Avaland
Premium
5
₦60,000,000/yr
Terraced duplex for rent
Luxury 4 Bedroom Terraced Duplex, BQ, Pool
Direct clients preferable Newly built luxury 4 bedroom terrace house with bq, swimming pool, gym etc in Banana Island Estate Ikoyi Rent: N60m per annum Exclusive of service charge and power deposit Agency 10% Legal 10% Caution 10% In your best interest deal with highly trusted luxury real estate professionals at no extra costs. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island, Ikoyi, Lagos
Added yesterday
4 beds
4 baths
5 toilets
2 Parking
Prince Ademola Osinuga International
Showing 1–21 of 1,516 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
The average price of flats, houses, land and commercial property for rent in Banana Island, Ikoyi, Lagos is ₦55,000,000 per annum.
The price of the most expensive flats, houses, land and commercial property for rent in Banana Island, Ikoyi, Lagos is ₦170,000,000 per annum.
The price of the cheapest flats, houses, land and commercial property for rent in Banana Island, Ikoyi, Lagos is ₦16,000,000 per annum.
There are 1,516 available flats, houses, land and commercial property for rent in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
