Nigeria Property Centre
AVERAGE PROPERTY PRICES · SEPTEMBER 2026

Average price of 3 bedroom flats for rent in Magodo, Lagos.

13-month history of median listing price for 3 bedroom flats for rent across Magodo, with current month vs same month last year.

Current avg price ₦6.5M/yr Sep 2026 · Not comparable with the same month last year Most listings are between ₦5.5M and ₦8M/yr
Last year ₦4M/yr Sep 2025 · Not comparable with the same month last year
Cheapest to priciest ₦2.5M – ₦10M Median ₦6.5M · Across 316 listings
MEDIAN LISTING PRICE

Last 13 months

This month Previous months Counting method changed
₦8M ₦6M ₦4M ₦2M ₦0
₦4M/yr September 2025
₦4M/yr October 2025
₦4.5M/yr November 2025
₦5M/yr December 2025
₦5.5M/yr January 2026
₦6M/yr February 2026
₦6M/yr March 2026
₦6M/yr April 2026
₦6M/yr May 2026
₦6M/yr June 2026
₦6M/yr July 2026
₦6M/yr August 2026
₦6.5M/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
₦6,500,000
Typical ₦5.5M to ₦8M
Max ₦10M
Min ₦2.5M
Listings 316
New 83
Aug 2026
₦6,000,000
Typical
Max ₦12M
Min ₦2.5M
Listings 329
New 52
Jul 2026
₦6,000,000
Typical
Max ₦12M
Min ₦2.5M
Listings 347
New 40
Jun 2026
₦6,000,000
Typical
Max ₦13M
Min ₦2.5M
Listings 349
New 42
May 2026
₦6,000,000
Typical
Max ₦10M
Min ₦2.5M
Listings 370
New 54
Apr 2026
₦6,000,000
Typical
Max ₦10M
Min ₦2.5M
Listings 377
New 46
Mar 2026
₦6,000,000
Typical
Max ₦10M
Min ₦2.5M
Listings 378
New 95
Feb 2026
₦6,000,000
Typical
Max ₦25M
Min ₦2.5M
Listings 361
New 71
Jan 2026
₦5,500,000
Typical
Max ₦25M
Min ₦2M
Listings 337
New 42
Dec 2025
₦5,000,000
Typical
Max ₦25M
Min ₦1.7M
Listings 348
New 65
Nov 2025
₦4,500,000
Typical
Max ₦15M
Min ₦1.7M
Listings 321
New 60
Oct 2025
₦4,000,000
Typical
Max ₦15M
Min ₦1.5M
Listings 322
New 47
Sep 2025
₦4,000,000
Typical
Max ₦15M
Min ₦1.5M
Listings 341
New 77

Generated using all 3 bedroom flats for rent in Magodo, 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 3 bedroom flats for rent in Magodo, Lagos, Nigeria?

The average price of 3 bedroom flats for rent in Magodo, Lagos, Nigeria is ₦6,500,000/yr.

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What is the price of the most expensive 3 bedroom flats for rent in Magodo, Lagos, Nigeria?

The price of the most expensive 3 bedroom flats for rent in Magodo, Lagos, Nigeria is ₦10,000,000/yr.

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What is the price of the cheapest 3 bedroom flats for rent in Magodo, Lagos, Nigeria?

The price of the cheapest 3 bedroom flats for rent in Magodo, Lagos, Nigeria is ₦2,500,000/yr.

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How many 3 bedroom flats for rent in Magodo, Lagos, Nigeria are available?

There are 106 available 3 bedroom flats for rent in Magodo, 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 3 bedroom flats for rent in Magodo, Lagos, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/flats-apartments/lagos/magodo?bedrooms=3