Top Lagos Neighbourhoods Where You Can Still Rent a House for Less Than ₦1 Million in 2025

Abiodun Osubu
4 Min Read

…as soaring rent prices push residents out of prime areas, Lagosians turn to the Mainland for relief


With rent prices in Lagos climbing to record highs, thousands of residents are fleeing once-coveted districts such as Lekki, Victoria Island, and Surulere in search of affordable accommodation. The surging cost of living, coupled with rising agent fees and damages charges, has created a rental crisis forcing many Lagosians to downsize or even convert shops into makeshift homes.

Just a few years ago, self-contained apartments in the city could be found for between ₦150,000 and ₦500,000. Today, getting a one-bedroom flat below ₦1 million feels almost impossible. Yet, investigations by Lagos Reporters show that a handful of neighbourhoods still offer functional, budget-friendly apartments without completely sacrificing access to amenities such as schools, markets, hospitals, and transport systems.

Iyana Ipaja remains one of the most active transport hubs on the Mainland, ideal for workers commuting to Ikeja or Oshodi. It offers mini-flats and self-contained apartments at some of the most competitive rates in the city.

Abule Egba, located along the Lagos–Abeokuta Expressway, continues to attract middle-income families with its improved infrastructure, BRT stations, health centres, and proximity to Katangowa Market. The area’s affordability and connectivity make it a popular choice for residents seeking balance between comfort and cost.

Egbeda, a lively neighbourhood close to Ikeja, combines affordability with modern amenities, reliable roads, and a bustling social scene. It has become a go-to area for young professionals and families looking for decent housing without breaking the bank.

Agege, positioned between Ikeja and Ifako-Ijaiye, benefits from strong transport links, including the new Lagos Red Line rail. With modern apartments and growing commercial activity, it offers affordability and accessibility.

Idimu offers a quieter residential environment connected to Egbeda and Iyana Ipaja. Its peaceful setting and relatively low rent make it suitable for small families and those seeking a calm neighbourhood.

Ayobo and Ipaja, on the eastern edge of Alimosho, are rapidly developing with new estates and better road networks. Their affordability continues to draw tenants seeking long-term housing value.

Ikotun, a bustling district known for its markets and proximity to the Synagogue Church of All Nations, remains one of the most affordable areas in Lagos despite its busy streets.

Mushin, though congested and occasionally plagued by security concerns, still provides mini-flats under ₦800,000, a rare find given its proximity to Yaba, Surulere, and Oshodi.

Alagbado, stretching along the Lagos–Abeokuta axis toward Ogun State, is fast urbanizing with emerging estates and good transport links. It remains a preferred choice for those priced out of central Lagos.

Ikorodu, though distant from the city’s core, continues to offer some of the most affordable rent in Lagos. Its access by road and water, coupled with expanding infrastructure and vibrant local markets, makes it a viable alternative for cost-conscious tenants.

A Deepening Crisis

Findings by Lagos Reporters reveal that Lagos’s rent crisis continues to worsen, with landlords increasing rents almost yearly. Many tenants now spend over half of their income on accommodation, while others resort to shared housing or relocation to the city’s outskirts. Despite these pressures, the Lagos Mainland remains the most realistic option for affordable living  offering a balance of cost, convenience, and community.

By: Lagos Reporter

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