On last month
−1.4%
On a year ago
From Sept 2027
Small sample
Reconstructed
Rebuilt from listings archived at the time. First month under this method.
Median yearly rent · October 2026
₦9.9M
/year
Typical: ₦6.3M–₦12.1M
Half of listings asked between these two rents.
Small sample
Reconstructed
Based on 37 listings
Figures from 20 to 99 listings move more from month to month. Quote them with care.
- On last month
- −1.4%
- From ₦10M in Sept 2026
- On a year ago
- Available from September 2027
- First month under this method: Sept 2026
- Listings
- 37
- Small sample: 20–99
- Month covered
- October 2026
- 1–31 Oct 2026
- Released
- 8 Nov 2026
- Next release: 3 Dec 2026
MEDIAN YEARLY RENT
Monthly figure since September 2026
Median
Typical range
Previous method
Oct 2026
Previous method
On last month
Median
₦9.9M
Typical range
₦6.3M–₦12.1M
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
₦15M
₦11.3M
₦7.5M
₦3.8M
₦0
₦1.3M
₦1.5M
₦1.2M
₦1.5M
₦1.5M
₦1.7M
₦1.8M
₦1.8M
₦2.1M
₦2.5M
₦3.1M
₦3.5M
₦4.3M
₦6.1M
₦10M
'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
₦10M
₦9.9M
Sep
Sep '26
Oct
Oct '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 |
|---|---|---|---|---|---|---|---|---|
|
|
||||||||
| October 2026 Latest | ₦9.9M | ₦6.3M–₦12.1M | 37 | −1.4% | From Sept 2027 | 8 Nov 2026 |
Small sample
Reconstructed
Rebuilt from listings archived at the time. First month under this method.
|
Link to month |
|
|
||||||||
| September 2026 Linked month | ₦10M | ₦7.9M–₦12.4M | 29 | Not available | From Sept 2027 | 11 Oct 2026 |
Small sample
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 | ₦10M | 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. | |
On last month
Not available
On a year ago
From Sept 2027
Small sample
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
₦10M
On last monthNot comparable
On a year agoNot comparable
BREAKDOWN · OCTOBER 2026
Rent in Magodo by size, type
By bedrooms Flats by bedrooms Houses by bedrooms
Live listings, not part of the index
View all 18 listings
Listings today
18 3 bedroom houses for rent in Magodo, Lagos are listed right now.
Cheapest live listing
Featured
6
₦6,000,000
House for rent
Spacious 3 Bedroom Duplex
Olowora, Magodo, Lagos
3
3
4
Owoyemi Olajide & Co
Priciest live listing
11
₦15,000,000
Semi-detached duplex for rent
Newly Built Luxury 3 Bedroom Semi Detached Duplex
Newly built luxury 3 Bedroom semi detached duplex for rent Features: Pop ceiling Guest toilet Prepaid meter Bath cubicle Kitchen shelf Kitchen cabinets Fitted wardrobe Concrete floored compound Water heater Good water car parking space Good road network * Located in a serene and secure environment
Magodo Phase 2, Magodo, Lagos
3
3
4
Flocisco Global Resources 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 3 bedroom houses in Magodo, Lagos?
The median yearly rent for 3 bedroom houses in Magodo, Lagos is ₦9.9M a year, according to the Nigeria Property Centre Rent Index, October 2026 release.
What is the typical range for 3 bedroom houses in Magodo, Lagos?
Half of the listings counted in October 2026 asked between ₦6.3M and ₦12.1M a year.
How did 3 bedroom houses in Magodo, Lagos change on last month?
The figure moved −1.4% on the previous month in the October 2026 release.
How many 3 bedroom houses in Magodo, Lagos are listed now?
There are 18 3 bedroom houses 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, October 2026 release, Nigeria Property Centre, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/houses/lagos/magodo?bedrooms=3#release-2026-10
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.