With its rising prices and the need for affordable housing, it can be difficult to find a place to rent. To help you out, we have compiled a list of the 10 cheapest areas in Lagos to rent. From the outskirts of town to the bustling city center, these areas are sure to provide you with the affordable housing you need. So, if you’re ready to start your search for the perfect place to rent, read on for the 10 cheapest areas in Lagos to rent!
1) Factors to consider when choosing an affordable rental in Lagos
Lagos is one of the most expensive cities in Nigeria, which makes it quite challenging for many individuals and families to find an affordable place to rent. When searching for a rental in Lagos, it is essential to consider several factors to help you identify an affordable property that suits your needs.
First, it is crucial to decide on the location where you would like to rent a property. Lagos is a large city with many areas and suburbs. The closer you are to the city center, the higher the rental cost. Therefore, it is advisable to explore the surrounding areas that offer affordable rentals. However, the location you choose should also consider the proximity to your workplace or school.
Secondly, consider your budget and determine the amount of money you are willing to pay for rent. Lagos has rentals for different budgets, ranging from high-end apartments to affordable housing units. To find a cost-effective property, it is best to search in the suburbs or less affluent areas.
Thirdly, assess the facilities and amenities in the rental property. A property may be cheap but may lack basic amenities, such as electricity, running water, and proper drainage systems. Ensure that the property you choose has the necessary amenities for comfortable living.
Lastly, seek the assistance of a reliable real estate agent. Real estate agents in Lagos have a good understanding of the rental market and can help you identify affordable properties that meet your requirements. Additionally, a real estate agent can also guide you on the legal procedures involved in renting a property.
2) Agege
If you are searching for an affordable area in Lagos, Nigeria to rent, Agege is definitely worth considering. Located in the northern part of Lagos, Agege offers a blend of traditional and modern lifestyle. With its growing population, this area boasts a wide range of residential buildings, from old houses to modern apartments.
What makes Agege a good option for those looking to rent in Lagos is its accessibility to other parts of the city. Agege is known for its efficient transportation system, including its proximity to the Lagos-Abeokuta Expressway. This makes it easy for residents to travel to other parts of the city.
Another advantage of Agege is the low cost of living. With its affordable housing and cost of basic amenities, this area provides residents with a comfortable lifestyle at an affordable price. Renting in Agege can be very cost-effective, especially when compared to other areas in Lagos.
3) Ikorodu
Located in the outskirts of Lagos, Ikorodu is a bustling suburb that offers affordable rental options. Despite being a bit far from the city center, the area is easily accessible by road and water transport. As one of the largest and fastest growing towns in Nigeria, Ikorodu has a wide range of housing options that are suitable for individuals, families, and businesses.
The cost of living in Ikorodu is lower than in many other areas in Lagos, making it an attractive location for renters who want to save on rent expenses. However, this does not mean that the area lacks basic amenities such as good schools, hospitals, supermarkets, and recreational facilities. Residents can also enjoy various cultural and traditional events, including the Eyo Festival and the Ikorodu Oga Day Celebration.
Ikorodu is an excellent choice for renters who want to escape the hustle and bustle of the city and enjoy a quieter lifestyle. It has a relaxed and serene atmosphere, and the natural scenery is beautiful. The town is also a gateway to some of Nigeria’s most popular tourist destinations, including the Ikorodu Road Roundabout and the Itokin Akarigbo Palace.
In summary, Ikorodu offers affordable rental options, good basic amenities, and a peaceful environment for residents. It is a great place to live for those who want to enjoy a good quality of life without breaking the bank.
4) Ikotun/Igando
Another affordable area in Lagos to rent a home is Ikotun/Igando. This area is located in the Alimosho Local Government Area of Lagos State. One of the advantages of living in Ikotun/Igando is its proximity to the Lagos State University (LASU) and the Alimosho General Hospital.
Housing options in Ikotun/Igando range from mini-flats to 2-bedroom apartments, making it ideal for small families or individuals on a tight budget. The area has several local markets where residents can get groceries and other household items at a cheaper rate.
However, one of the downsides of living in Ikotun/Igando is its location. The area is quite far from the central part of Lagos and getting to work or school can be time-consuming, especially during rush hour. Also, some parts of the area have poor road networks and might be inaccessible during the rainy season.
Overall, Ikotun/Igando is a good option for those looking for affordable rental options in Lagos. Its close proximity to LASU and other amenities makes it an attractive choice for students and low-income earners in Nigeria’s commercial hub.
5) Ojo
Another affordable area to consider for renting in Lagos is Ojo. This area is located on the outskirts of Lagos, making it a bit more peaceful than some of the more central areas. However, it is still easily accessible from Lagos Island and the mainland. Ojo is home to a few higher education institutions, including the Lagos State University (LASU), which makes it a popular area for students. As a result, there are plenty of affordable options for apartments and rooms for rent in the area.
In addition to being affordable, Ojo has a few notable attractions, including the popular trade fair complex. This makes the area an attractive option for entrepreneurs and business people who are looking for affordable accommodations while attending the numerous events that take place there.
When it comes to transportation, Ojo has a number of bus routes that run through the area, making it easy to access other parts of Lagos. There is also a ferry terminal in Ojo, which provides easy access to areas such as Apapa and Victoria Island.
Overall, Ojo is a great option for those looking for affordable housing in Lagos. It may not be as central as some of the other areas on this list, but it is still well connected and has plenty of amenities to offer.
6) Alagbado
Alagbado is another affordable area to consider if you’re looking for a place to rent in Lagos, Nigeria. Located in the Ifako-Ijaiye Local Government Area of Lagos, Alagbado offers relatively cheap housing options that are suitable for individuals or families.
The cost of living in Alagbado is relatively lower than many other areas in Lagos, which makes it an excellent choice for those who are budget-conscious. It’s also well connected to other parts of the city, with good road networks and public transportation options available.
You can find various housing options in Alagbado, including apartments and flats. The cost of renting a one-bedroom apartment in Alagbado is usually between 100,000 to 200,000 Naira per year, depending on the location and facilities available.
While Alagbado may not be the most luxurious area to rent in Lagos, it’s an excellent choice for anyone who wants to live in a peaceful and budget-friendly environment. With good security, reliable electricity, and clean water supply, Alagbado is definitely a great choice for anyone looking to rent in Lagos.
7) Egbeda
Egbeda is another affordable area to rent in Lagos, Nigeria. It is located in the Alimosho local government area of Lagos. One of the reasons why Egbeda is a popular location to rent in Lagos is because it is close to the Ikeja business district and the Lagos State University. This means that residents have easy access to job opportunities and quality education.
The cost of rent in Egbeda varies depending on the type of accommodation and location. However, the average price of a two-bedroom apartment in Egbeda is between ₦300,000 to ₦400,000 per annum. This makes Egbeda a great option for individuals or families on a tight budget.
Egbeda is a developing area that is fast becoming an urban center in Lagos. As such, there are many amenities and facilities in the area, including hospitals, supermarkets, and restaurants. It is also well connected to other parts of Lagos, with good road networks and transportation systems.
Overall, Egbeda is a great location for individuals looking for an affordable rental option in Lagos. With its developing status and proximity to major business districts, it is a smart choice for anyone looking to live and work in Lagos, Nigeria.
8) Festac Town
Festac Town is one of the affordable areas in Lagos, Nigeria to rent a home. This residential neighborhood is located in Amuwo Odofin Local Government Area of Lagos State. The area was established in 1977 for the participants of the World Festival of Black Arts and Culture (FESTAC) hosted by Nigeria.
Festac Town is a well-planned community that offers a serene environment for residents. The area has a mix of commercial and residential properties. Rent prices in Festac Town are relatively affordable, making it an ideal location for young professionals, students, and families looking for budget-friendly housing options.
The area is well connected to other parts of Lagos with good road networks and access to public transportation. It is also in proximity to commercial areas, making it easy to run errands or shop for daily needs.
In addition, Festac Town offers various social amenities such as supermarkets, hospitals, banks, parks, and recreational centers, making it a convenient location to live in.
Overall, if you are looking for an affordable place to rent in Lagos, Festac Town should be on your list of options. The area offers value for your money, a decent standard of living, and a good location to explore the rest of Lagos.
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