Nigeria Property Centre
AVERAGE PROPERTY PRICES · SEPTEMBER 2026

Average price of 5 bedroom houses for rent in Lagos.

Median listing price for 5 bedroom houses for rent in Lagos, Nigeria, broken down by locality.

Current avg price ₦32.6M/yr Sep 2026 · Not comparable with the same month last year Most listings are between ₦21.1M and ₦55.7M/yr
Last year ₦26.3M/yr Sep 2025 · Not comparable with the same month last year
Cheapest to priciest ₦100K – ₦120B Median ₦32.6M · Across 13,966 listings
MEDIAN LISTING PRICE

Last 13 months

This month Previous months Counting method changed
₦40M ₦30M ₦20M ₦10M ₦0
₦26.3M/yr September 2025
₦26.8M/yr October 2025
₦27.5M/yr November 2025
₦28M/yr December 2025
₦30.2M/yr January 2026
₦31M/yr February 2026
₦30M/yr March 2026
₦31.7M/yr April 2026
₦34.2M/yr May 2026
₦35M/yr June 2026
₦35.4M/yr July 2026
₦35.3M/yr August 2026
₦35.3M/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 BREAKDOWN

Area-by-area detail

Ikoyi ₦70,000,000
Typical ₦60M to ₦120M
Max ₦120B
Min ₦8M
Listings 1,378
New 231
Lagos Island ₦60,000,000
Typical
Max ₦60M
Min ₦60M
Listings 1
New 0
Victoria Island (VI) ₦60,000,000
Typical ₦35M to ₦80M
Max ₦1.5B
Min ₦100K
Listings 385
New 47
Ikeja ₦35,000,000
Typical ₦25M to ₦50M
Max ₦720M
Min ₦8M
Listings 401
New 91
Maryland ₦30,000,000
Typical ₦24M to ₦35M
Max ₦350M
Min ₦10M
Listings 36
New 8
Lekki ₦25,000,000
Typical ₦15M to ₦40M
Max ₦35B
Min ₦900K
Listings 4,102
New 668
Amuwo Odofin ₦20,000,000
Typical
Max ₦30M
Min ₦7.5M
Listings 9
New 2
Magodo ₦20,000,000
Typical ₦13M to ₦25M
Max ₦45M
Min ₦8M
Listings 131
New 19
Apapa ₦20,000,000
Typical
Max ₦500M
Min ₦18M
Listings 5
New 0
Yaba ₦18,000,000
Typical
Max ₦18M
Min ₦18M
Listings 1
New 0
Ogudu ₦16,000,000
Typical ₦12M to ₦25M
Max ₦40M
Min ₦8M
Listings 66
New 19
Ilupeju ₦15,000,000
Typical
Max ₦15M
Min ₦15M
Listings 4
New 0
Gbagada ₦15,000,000
Typical ₦15M to ₦18M
Max ₦18M
Min ₦9M
Listings 40
New 14
Ibeju Lekki ₦15,000,000
Typical
Max ₦50M
Min ₦5.5M
Listings 16
New 4
Surulere ₦13,000,000
Typical
Max ₦20M
Min ₦8.5M
Listings 16
New 1
Ketu ₦12,000,000
Typical
Max ₦12M
Min ₦5M
Listings 6
New 4
Ojodu ₦12,000,000
Typical
Max ₦30M
Min ₦9M
Listings 8
New 4
Ajah ₦10,000,000
Typical ₦8.5M to ₦15M
Max ₦108M
Min ₦3.5M
Listings 344
New 44
Alimosho ₦10,000,000
Typical
Max ₦10M
Min ₦10M
Listings 1
New 0
Isheri North ₦10,000,000
Typical
Max ₦12M
Min ₦4.5M
Listings 11
New 3
Agege ₦8,000,000
Typical
Max ₦12M
Min ₦3M
Listings 8
New 2
Isolo ₦8,000,000
Typical
Max ₦20M
Min ₦6.5M
Listings 8
New 1
Ikorodu ₦6,000,000
Typical
Max ₦10M
Min ₦6M
Listings 2
New 1
Ipaja ₦4,000,000
Typical
Max ₦4M
Min ₦4M
Listings 1
New 1
Ifako-Ijaiye ₦2,500,000
Typical
Max ₦10M
Min ₦2.5M
Listings 3
New 0

Generated using all 5 bedroom houses for rent in Lagos, Nigeria on Nigeria Property Centre. Prices use the median of all listings in the state.

Frequently asked

Popular questions

What is the price of 5 bedroom houses for rent in Lagos, Nigeria?

The average price of 5 bedroom houses for rent in Lagos, Nigeria is ₦32,630,000/yr.

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What is the price of the most expensive 5 bedroom houses for rent in Lagos, Nigeria?

The price of the most expensive 5 bedroom houses for rent in Lagos, Nigeria is ₦120,000,000,000/yr.

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What is the price of the cheapest 5 bedroom houses for rent in Lagos, Nigeria?

The price of the cheapest 5 bedroom houses for rent in Lagos, Nigeria is ₦100,000/yr.

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How many 5 bedroom houses for rent in Lagos, Nigeria are available?

There are 2,778 available 5 bedroom houses for rent in 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 5 bedroom houses for rent in Lagos, https://nigeriapropertycentre.com/market-trends/average-prices/for-rent/houses/lagos?bedrooms=5