On last month
Not available
On a year ago
From Sept 2027
Reconstructed
Rebuilt from listings archived at the time. First month under this method.
Median yearly rent · September 2026
₦5.8M
/year
Typical: ₦4M–₦7.2M
Half of listings asked between these two rents.
Reconstructed
Reconstructed
September 2026 was worked out after the month ended, from listings archived at the time, so the series starts on the new method.
- On last month
- Not available
- First month under this method
- On a year ago
- Available from September 2027
- First month under this method: Sept 2026
- Listings
- 252
- Live on any day of Sept 2026, or first published in it
- Month covered
- September 2026
- 1–30 Sep 2026
- Released
- 11 Oct 2026
- Next release: 4 Nov 2026
MEDIAN YEARLY RENT
Monthly figure since September 2026
Median
Typical range
Previous method
Sept 2026
Previous method
On last month
Median
₦5.8M
Typical range
₦4M–₦7.2M
On last month
Hover or tap a month to see its figures
Tap a month to see its figures
2012–Aug 2026: previous method, shown for context
Method changedMethod changed, Sept 2026
Sept 2026 onwards: monthly index
₦8M
₦6M
₦4M
₦2M
₦0
₦1M
₦963.4K
₦1M
₦916.9K
₦866.1K
₦953.7K
₦1M
₦1.2M
₦1.1M
₦1.4M
₦1.7M
₦2M
₦2.6M
₦3.4M
₦4.7M
'12
2012
'13
2013
'14
2014
'15
2015
'16
2016
'17
2017
'18
2018
'19
2019
'20
2020
'21
2021
'22
2022
'23
2023
'24
2024
'25
2025
Aug
Aug
₦5.8M
Sep
Sep '26
Grey bars, 2012–Aug 2026. Previous method: median asking price of listings created in the previous six months. Shown for context only; no change is worked out across the line. September 2026 is reconstructed.
Every release
Month by month
Each month has its own link. Use it when you quote a figure.
| Month | Figure | Typical range | Listings | On last month | On a year ago | Released | Notes | Link |
|---|---|---|---|---|---|---|---|---|
|
|
||||||||
| September 2026 Latest | ₦5.8M | ₦4M–₦7.2M | 252 | Not available | From Sept 2027 | 11 Oct 2026 |
Reconstructed
Rebuilt from listings archived at the time. First month under this method.
|
Link to month |
| Method changed, September 2026. Figures above and below this line are not comparable, and no change is worked out across it. | ||||||||
| August 2026 Previous method | ₦4.7M | Not published | — | Not comparable | Not comparable | Sept 2026 | Previous method: median asking price of listings created in the previous six months. Not comparable with later months. | |
Method changed, Sept 2026. No change is worked out across this line.
August 2026
Released Sept 2026 · Previous method
₦4.7M
On last monthNot comparable
On a year agoNot comparable
BREAKDOWN · SEPTEMBER 2026
Rent in Magodo by size, type
By bedrooms Flats by bedrooms Houses by bedrooms
Live listings, not part of the index
View all 229 listings
Listings today
229 flats for rent in Magodo, Lagos are listed right now.
Cheapest live listing
6
₦1,000,000
Mini flat (room and parlour) for rent
Mini Flat
Olayinka Street UNILAG Estate Extension, Magodo Phase 1, Magodo, Lagos
1
1
2
Nnendu Homes & Properties Limited
Priciest live listing
1
₦900,000,000
Flat / apartment for rent
6 Units of Well-Built 3-Bedroom Flats
For sale prime investment opportunity 6 units of well-built 3-bedroom apartments in magodo, lagos! Location: Magodo Shangisha, Lagos State. Asking price: ₦900,000,000 Land size: 650 SQM title: Certificate of Occupancy (C of O) Property Features & Amenities 6 units of spacious 3-bedroom apartments All rooms en-suite Individual electricity meters for each flat Dedicated meter for compound lighting and water-pumping machine Solar inverter system 12 designated car parking spaces within the compound Security guard house Additional outdoor parking space for visitors.
L. Magodo Shangisha, Magodo, Lagos
18
20
20
Fidelity Homes and Property Services
Asking prices on live listings change through the month and are not used to work out the index figures above.
Frequently asked
Popular questions
What is the median yearly rent for flats in Magodo, Lagos?
The median yearly rent for flats in Magodo, Lagos is ₦5.8M a year, according to the Nigeria Property Centre Rent Index, September 2026 release.
What is the typical range for flats in Magodo, Lagos?
Half of the listings counted in September 2026 asked between ₦4M and ₦7.2M a year.
How many flats in Magodo, Lagos are listed now?
There are 229 flats for rent in Magodo, Lagos listed right now on Nigeria Property Centre.
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 page. They are licensed under CC BY 4.0, as set out in our terms of use.
Nigeria Property Centre Rent Index, September 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/flats-apartments/lagos/magodo#release-2026-09
Get each release by email.
The Rent, House Price and Short-let Index on release day, on the 3rd working day of each month at 09:00. One email a month.