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

Rent in Shomolu, Lagos, Nigeria Property Centre Rent Index

Median yearly asking rent for flats and houses across Shomolu, Lagos, from listings live on any day of the month, or first published in it.

Cite
Median yearly rent · September 2026 ₦2.8M /year Typical: ₦2.2M–₦4.3M 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
161
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
Permalink
#release-2026-09
MEDIAN YEARLY RENT

Monthly figure since September 2026

Median Typical range Previous method
Sept 2026 Previous method On last month Median ₦2.8M Typical range ₦2.2M–₦4.3M Tap a month to see its figures
Method changed
₦6M ₦4.5M ₦3M ₦1.5M ₦0
₦678.4K
₦574K
₦555K
₦528.3K
₦588.9K
₦564.1K
₦560K
₦567.4K
₦573K
₦760.9K
₦921.7K
₦1.1M
₦1.5M
₦2.1M
₦2.5M
'12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Aug
₦2.8M
Sep

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.

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September 2026 Released 11 Oct 2026 · Latest
₦2.8M
₦2.2M–₦4.3M · 161 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
₦2.5M
Range not published · —
On last monthNot comparable
On a year agoNot comparable
BREAKDOWN · SEPTEMBER 2026

Rent in Shomolu by size, type

By bedrooms

Live listings, not part of the index

Listings today

306 flats and houses for rent in Shomolu, Lagos are listed right now.

View all 306 listings
Cheapest live listing
Spacious and Standard Self Contain
Featured
5
₦500,000

Self contain (single rooms) for rent

Spacious and Standard Self Contain

Newly built spacious female bed space with modern fittings off Folagoro Yaba with easy access to island, Ikeja, UNILAG, yabatech Rent 600k

Off Folagoro, Shomolu, Lagos
1 1
Chronikky Nigeria Limited
Priciest live listing
Fully Fitted and Furnished Hotel for Lease
Premium
11
₦100,000,000

Hotel / guest house for rent

Fully Fitted and Furnished Hotel for Lease

Description a purpose-built and strategically located 3-star hotel on 4 floors with basement and penthouse, offering excellent commercial visibility and dual access. The hotel features over 39 units of accommodation each ensuite with toilet and balconies, a penthouse, multiple mini-suites, restaurant, bar, equipped gym, event hall, and other functional spaces, making it ideal for hospitality investors, corporate lodging operators, and short-let investors. Location: Abe Street, Onipanu, Lagos. The hotel enjoys dual entry and exit point via Abe Street and Oluwatoyin Street, Onipanu, Lagos. It is highly visible and accessible to Ikorodu Road via Conoil filling station by Onipanu bus stop. Accommodation details  39 units of rooms (23 single rooms & 16 mini-suites) spread across 4 floors;  Penthouse office space (en-suite);  All rooms ensuite with toilet and balconies;  Basement with gym, conference hall, vip bar/lounge & office space;  Reception, restaurant, bar, kitchen & gift shop on Ground floor;  Multiple office space on various floors; and,  Mini event halls. Facilities & amenities  CCTV camera  Internet facility  Elevators with 2 pairs of stairs at both ends  Equipped gym  200 & 114 kva back-up Generators  Dedicated transformer  Adequate parking space  Fenced and gated  Fire-fighting equipment installed (extinguishers) attractions to the property ocol Hotel presents an exceptional opportunity for operators seeking a fully fitted, fully furnished, and immediately occupiable hospitality asset in a thriving Lagos corridor. Strategically located just off Ikorodu Road, the property enjoys excellent visibility, access, and consistent traffic flow within a high-demand hospitality zone renowned for strong occupancy and attractive investment returns. Its proximity to major commercial hubs, residential estates, business districts, and transport links ensures a continuous stream of guest traffic and positions the hotel advantageously within the mainland market. The hotel is offered vacant, providing a true plug-and-play advantage with all fittings, furnishings, and operational facilities, including the front desk/reception area, kitchen, restaurant, bar, conference rooms, guest rooms, and suites; ready for immediate occupation, thereby eliminating significant capital outlay or setup time. Its design supports diverse and profitable revenue channels spanning accommodation, conference and event hosting, restaurant and bar operations, fitness facilities, and outdoor relaxation spaces. This makes the property highly suitable for hospitality investors, short-let operators, corporate housing providers, medical hospitality extensions, or hybrid operators seeking flexibility and scale. Ocol Hotel also offers well-appointed guest rooms with modern amenities such as air-conditioning, contemporary bathrooms, workspaces, and quality bedding, complemented by on-site dining, a bar/lounge, meeting rooms, Wi-Fi throughout the premises, a structured 24-hour front desk, and efficient housekeeping and laundry layouts. The facility's operational strength is further enhanced by ample parking, reliable power infrastructure with alternative backup, and robust security systems comprising CCTV coverage, gated entry, and access control. Situated within a secure and organized neighborhood, the hotel benefits from a good road network and easy connectivity to key routes. Its strong commercial frontage provides excellent branding visibility, making it ideal for operators looking to strengthen or expand their presence on Lagos Mainland. With flexibility for positioning as a mid-scale business hotel, boutique establishment, or mixed hotel/short-let operation, ocol Hotel delivers both immediate operational readiness and long-term growth potential for the right operator.

Abe Street, Off Bode Thomas Street, Onipanu, Shomolu, Lagos
40 40 46
Biodun Olapade & Co.

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 and houses in Shomolu, Lagos?

The median yearly rent for flats and houses in Shomolu, Lagos is ₦2.8M a year, according to the Nigeria Property Centre Rent Index, September 2026 release.

What is the typical range for flats and houses in Shomolu, Lagos?

Half of the listings counted in September 2026 asked between ₦2.2M and ₦4.3M a year.

How many flats and houses in Shomolu, Lagos are listed now?

There are 306 flats and houses for rent in Shomolu, 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/lagos/shomolu#release-2026-09

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