With over 80% of Lagos’ population residing in rented accommodations, finding an affordable home seemed like an elusive dream. However, a recent market report by Estate Intel reveals the six most affordable areas in Lagos, offering hope to those with tight budgets.
Agege: The Accessible Oasis
Boasting efficient transportation systems and accessibility to major city centers, Agege emerges as a haven for those seeking a low-cost lifestyle. With a diverse range of residential options, renting in Agege proves to be a cost-effective choice.
Ikorodu: Suburban Bliss on a Budget
Despite being on the outskirts, Ikorodu shines as a bustling suburb with affordable rents. Its accessibility by road and water transport, coupled with a lower cost of living, makes it an attractive location for budget-conscious renters.
Ikotun/Igando: Proximity and Affordability
Nestled in the Alimosho Local Government Area, Ikotun/Igando offers proximity to Lagos State University and Alimosho General Hospital. The area provides various housing options, making it ideal for small families or individuals on a tight budget.
Ojo: Tranquility on the Outskirts
Situated on the outskirts but easily accessible from both Lagos Island and the mainland, Ojo offers peace without sacrificing convenience. With affordable housing options and notable attractions, it’s an excellent choice for students and business people alike.
Alagbado: Budget-Friendly Living
In the Ifako-Ijaiye Local Government Area, Alagbado provides relatively cheap housing options. Its lower cost of living, good road networks, and public transportation options make it an excellent choice for budget-conscious renters.
Egbeda: The Growing Urban Hub
Close to the Ikeja business district and Lagos State University, Egbeda is gaining popularity for its easy access to job opportunities and education. As it develops into an urban center, Egbeda offers affordable living with a range of amenities.
For renters with tight budgets, these hidden gems on the outskirts of Lagos provide not only affordable housing but also access to essential facilities, making the dream of a budget-friendly home a reality.