Finding affordable rent in Lagos can be a daunting task, especially in a city known for its vibrant lifestyle and economic opportunities. At Stars Mansion, we aim to make this search easier for you. In this blog, we explore the cheapest rents available in Lagos and highlight the areas where you can find them.
Understanding Rent Prices in Lagos
Rent prices in Lagos vary widely based on location, property type, and amenities. Generally, the further you move from the city center, the more affordable the rents become. Let’s dive into some of the most budget-friendly areas in Lagos and their approximate rent prices.
1. Ikorodu
Ikorodu is one of the most affordable areas in Lagos, situated on the northeastern edge of the city. It offers a suburban feel with a mix of urban and rural characteristics.
Cheapest Rent: ₦100,000 – ₦150,000 per year for a self-contained apartment (studio or one-bedroom flat).
2. Agege
Agege is known for its vibrant local culture and affordable living conditions. It’s densely populated with a variety of housing options.
Cheapest Rent: ₦120,000 – ₦200,000 per year for a single room or self-contained apartment.
3. Mushin
Mushin offers some of the lowest rents in Lagos despite being densely populated. It’s an area bustling with activity and local markets.
Cheapest Rent: ₦100,000 – ₦180,000 per year for a single room or self-contained apartment.
4. Egbeda
Egbeda, located in the Alimosho local government area, is popular for its moderate cost of living and accessibility.
Cheapest Rent: ₦150,000 – ₦250,000 per year for a self-contained apartment.
5. Ijora Badia
Ijora Badia is relatively close to Lagos Island, making it a convenient location for commuters while remaining affordable.
Cheapest Rent: ₦100,000 – ₦180,000 per year for a self-contained apartment or a single room.
6. Bariga
Bariga is known for its affordability and vibrant community. It’s well connected to other parts of Lagos, making it a practical choice for many.
Cheapest Rent: ₦120,000 – ₦200,000 per year for a single room or self-contained apartment.
7. Ajegunle
Ajegunle, often referred to as “AJ City,” is one of the most affordable areas in Lagos. It’s a densely populated area with a strong sense of community.
Cheapest Rent: ₦100,000 – ₦150,000 per year for a single room or self-contained apartment.
Factors Affecting Rent Prices
Location: Proximity to the city center and major business districts usually results in higher rent prices.
Property Type: Self-contained apartments and single rooms are generally cheaper than two or three-bedroom flats.
Amenities: Properties with modern amenities, security, and better infrastructure tend to have higher rents.
Market Demand: High demand in certain areas can drive up rent prices.
Tips for Finding the Cheapest Rent
Use Online Property Platforms: Websites like Stars Mansion are excellent resources for finding affordable
Conclusion
Living in Lagos doesn’t have to be prohibitively expensive. By focusing on areas like Ikorodu, Agege, Mushin, Egbeda, Ijora Badia, Bariga, and Ajegunle, you can find affordable rental options that fit your budget. At Stars Mansion, we’re committed to helping you discover the best deals and make informed decisions about your housing needs. With careful research and a bit of flexibility, you can enjoy all that Lagos has to offer without breaking the bank.
