Nigeria Property Centre
NIGERIA PROPERTY CENTRE RENT INDEX · OCTOBER 2026 RELEASE

Flat rent in Victoria Island (VI), Lagos, Nigeria Property Centre Rent Index

Median yearly asking rent for flats and apartments across Victoria Island (VI), Lagos, from listings live on any day of the month, or first published in it.

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Median yearly rent · October 2026 ₦23.6M /year Typical: ₦15.2M–₦36.4M Half of listings asked between these two rents.
Reconstructed
Reconstructed October 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
−2.0%
From ₦24.1M in Sept 2026
On a year ago
Available from September 2027
First month under this method: Sept 2026
Listings
2,688
Live on any day of Oct 2026, or first published in it
Month covered
October 2026
1–31 Oct 2026
Released
8 Nov 2026
Next release: 3 Dec 2026
Permalink
#release-2026-10
MEDIAN YEARLY RENT

Monthly figure since September 2026

Median Typical range Previous method
Oct 2026 Previous method On last month Median ₦23.6M Typical range ₦15.2M–₦36.4M Tap a month to see its figures
Method changed
₦40M ₦30M ₦20M ₦10M ₦0
₦4.6M
₦3.5M
₦3.3M
₦3.6M
₦3.5M
₦3.7M
₦3.4M
₦3.4M
₦3.4M
₦4.5M
₦5.6M
₦6.8M
₦9.1M
₦16.2M
₦22.1M
'12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Aug
₦24.1M
₦23.6M
Sep Oct

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.

October 2026 Released 8 Nov 2026 · Latest
₦23.6M
₦15.2M–₦36.4M · 2,688 listings
On last month −2.0%
On a year ago From Sept 2027
Reconstructed
Rebuilt from listings archived at the time. First month under this method.
September 2026 Released 11 Oct 2026
₦24.1M
₦15.5M–₦36.7M · 2,708 listings
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.
Method changed, Sept 2026. No change is worked out across this line.
August 2026 Released Sept 2026 · Previous method
₦22.1M
Range not published · —
On last monthNot comparable
On a year agoNot comparable
BREAKDOWN · OCTOBER 2026

Rent in Victoria Island (VI) by size, type

By bedrooms

Live listings, not part of the index

Listings today

2,040 flats for rent in Victoria Island (VI), Lagos are listed right now.

View all 2,040 listings
Cheapest live listing
Studio Flat, Pay for Every Six Months
Premium
5
₦900,000

Self contain (single rooms) for rent

Studio Flat, Pay for Every Six Months

Perfectly tailored for young professionals, corporate transfers, or busy executives seeking a quiet, hassle-free pad in Oniru with zero annual rent pressure. Key Highlights Location: Oniru Estate (Quick access to Victoria Island, Lekki Phase 1, and Ikoyi) Space: Open-plan studio layout (Unfurnished/No kitchen --- ideal for light living, dining out, or meal prep services) Payment Flexibility: Semi-Annual Rent --- Pay every 6 months instead of tying up a full year's capital upfront. Rent: 900k Legal fee 90k Agency fee 90k Total Initial Outlay (First 6 Months): ₦1,680,000 (Rent + Utilities + 20% Total Fees) Note: Leasing operates strictly on a semi-annual (6-month) schedule. Annual lease options are not available for this property.

Off Palace Road, Oniru, Victoria Island (VI), Lagos
1 1 1
Astute Realtors
Priciest live listing
56 Units Apartments Consisting of 1, 2, 3 & 4 Bedrooms
13
$1,250,000

Flat / apartment for rent

56 Units Apartments Consisting of 1, 2, 3 & 4 Bedrooms

To let SlvSucces Newly built luxury 55 units of 2,3 4 bedroom apartment is available for rent in heart of Victoria island Lagos. Renting prices per unit 2bedroom $22,000 3bedroom $23,000 4bedroom ??????? 41 units of 3bedroom 12 units of 2bedroom 2 units of 4bedroom 1 unit of 1 bedroom amenities . 3 standby generator . Boys quarters . Gym house . Fully fitted kitchen, fridge, washing machine, cooker and oven , microwave. e t c . fully Air conditioner . 3 Standby elevators . Water treatment plan . massive parking space . Roof top for events party . Transformers . Reception with central Air conditioner . Industrial boreholes . weste. bin house . Security house location Victoria Island Lagos note: Corporate tenants needed that will take all the units

Victoria Island (VI), Lagos
3 155 220 100
360 DEGREE PROPERTIES LTD

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 Victoria Island (VI), Lagos?

The median yearly rent for flats in Victoria Island (VI), Lagos is ₦23.6M a year, according to the Nigeria Property Centre Rent Index, October 2026 release.

What is the typical range for flats in Victoria Island (VI), Lagos?

Half of the listings counted in October 2026 asked between ₦15.2M and ₦36.4M a year.

How did flats in Victoria Island (VI), Lagos change on last month?

The figure moved −2.0% on the previous month in the October 2026 release.

How many flats in Victoria Island (VI), Lagos are listed now?

There are 2,040 flats for rent in Victoria Island (VI), 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, October 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/flats-apartments/lagos/victoria-island#release-2026-10

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