Lagos has one of the most active shortlet markets in Africa, and knowing where to look and what to expect on pricing can save you both money and frustration. Here is a practical breakdown.
The neighbourhoods and their price ranges
1. Lekki Phase 1 and Ikate: The most popular shortlet destination in Lagos for business and leisure guests alike. Nightly rates on the Island axis including Lekki and Victoria Island typically range between ₦120,000 and ₦200,000, with 1-bedroom options at the lower end and 3-bedroom apartments pushing higher. The area offers proximity to beaches, restaurants, and commercial hubs.
2. Victoria Island and Ikoyi: The premium tier. Ikoyi, Banana Island, and Eko Atlantic command rates from ₦230,000 to above ₦300,000 per night, catering primarily to executives, diplomats, and high-net-worth guests who prioritise exclusivity and security above all else.
3. Ikeja and Maryland: The most practical mainland option, particularly for guests arriving through the Murtala Muhammed International Airport. Shortlet apartments in Ikeja average around ₦110,000 per night, with the cheapest options starting from ₦35,000 for more basic units.
4. Festac and Ikorodu: For guests prioritising cost above location. Lower-demand mainland corridors like Festac and Ikorodu offer nightly rates between ₦55,000 and ₦85,000, making them viable for budget-conscious travellers with flexible commute tolerance.
Booking tips
1. Always verify the apartment is real before paying: Request a video call tour and confirm the exact address independently before transferring any money.
2. Book longer stays for better rates: Many operators offer discounts of 10% for stays of 7 nights and up to 30% for stays of 30 nights or more.
3. Confirm power supply arrangements upfront: Reliable 24-hour power is not automatic in all Lagos shortlets, and generator costs can add significantly to your total spend.
4. Peak season pricing applies during December, Easter, and major events. Book early and expect rates to rise by 20 to 40% during these periods.
Share your Lagos shortlet experience or find recommendations in our Lagos Shortlets forum.
