Nigeria Property Centre
AVERAGE PROPERTY PRICES · SEPTEMBER 2026

Average price of flats for rent in Ipaja, Lagos.

13-month history of median listing price for flats for rent across Ipaja, with current month vs same month last year.

Current avg price ₦1.2M/yr Sep 2026 · Not comparable with the same month last year Most listings are between ₦936K and ₦1.7M/yr
Last year ₦1.1M/yr Sep 2025 · Not comparable with the same month last year
Cheapest to priciest ₦200K – ₦3M Median ₦1.2M · Across 125 listings
MEDIAN LISTING PRICE

Last 13 months

This month Previous months Counting method changed
₦2M ₦1.5M ₦1M ₦500K ₦0
₦1.1M/yr September 2025
₦1.2M/yr October 2025
₦1.4M/yr November 2025
₦1.5M/yr December 2025
₦1.4M/yr January 2026
₦1.5M/yr February 2026
₦1.5M/yr March 2026
₦1.6M/yr April 2026
₦1.4M/yr May 2026
₦1.3M/yr June 2026
₦1.4M/yr July 2026
₦1.3M/yr August 2026
₦1.2M/yr September 2026 · This month · Counting method changed
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

Counting method changed: From 1 Sep 2026, rents advertised per month are counted at their yearly equivalent. Rent figures before that date left them as they were.

FULL HISTORY

Month-by-month detail

Sep 2026 ₦1,250,000
Typical ₦936K to ₦1.7M
Max ₦3M
Min ₦200K
Listings 125
New 25
Aug 2026 ₦1,320,000
Typical
Max ₦7M
Min ₦200K
Listings 116
New 24
Jul 2026 ₦1,400,000
Typical
Max ₦7M
Min ₦200K
Listings 102
New 16
Jun 2026 ₦1,340,000
Typical
Max ₦7M
Min ₦200K
Listings 109
New 27
May 2026 ₦1,420,000
Typical
Max ₦7M
Min ₦200K
Listings 96
New 20
Apr 2026 ₦1,600,000
Typical
Max ₦7M
Min ₦400K
Listings 101
New 15
Mar 2026 ₦1,510,000
Typical
Max ₦7M
Min ₦400K
Listings 108
New 15
Feb 2026 ₦1,460,000
Typical
Max ₦5M
Min ₦400K
Listings 115
New 10
Jan 2026 ₦1,430,000
Typical
Max ₦5M
Min ₦222.2K
Listings 118
New 23
Dec 2025 ₦1,490,000
Typical
Max ₦10.5M
Min ₦222.2K
Listings 117
New 13
Nov 2025 ₦1,400,000
Typical
Max ₦10.5M
Min ₦150K
Listings 143
New 25
Oct 2025 ₦1,220,000
Typical
Max ₦10.5M
Min ₦150K
Listings 152
New 22
Sep 2025 ₦1,120,000
Typical
Max ₦10.5M
Min ₦150K
Listings 134
New 22

Generated using all flats for rent in Ipaja, Lagos, Nigeria on Nigeria Property Centre. Prices use the median of all listings in the locality.

Frequently asked

Popular questions

What is the price of flats for rent in Ipaja, Lagos, Nigeria?

The average price of flats for rent in Ipaja, Lagos, Nigeria is ₦1,250,000/yr.

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What is the price of the most expensive flats for rent in Ipaja, Lagos, Nigeria?

The price of the most expensive flats for rent in Ipaja, Lagos, Nigeria is ₦3,000,000/yr.

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What is the price of the cheapest flats for rent in Ipaja, Lagos, Nigeria?

The price of the cheapest flats for rent in Ipaja, Lagos, Nigeria is ₦200,000/yr.

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How many flats for rent in Ipaja, Lagos, Nigeria are available?

There are 51 available flats for rent in Ipaja, Lagos, Nigeria. You can view and filter the list of property by price, furnishing and recency.

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About this report

How we measure price.

This report uses the median asking price of active listings on Nigeria Property Centre last month, for each mix of category, property type, bedrooms, state and locality. Where it combines several of these, it averages their medians, weighted by how many listings each has. Using medians, not means, keeps a single unusual price from skewing a group's figure.

For the quarterly view, see our quarterly market reports, and for how searches compare with the listings available, our demand vs supply report.

Using this data.

Free to use with credit. You can quote and republish these figures, as long as you credit Nigeria Property Centre and link back to this report. They are licensed under CC BY 4.0, as set out in our terms of use.

Source: Nigeria Property Centre, Average price of flats for rent in Ipaja, Lagos, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/flats-apartments/lagos/ipaja