Finding affordable rental options on Lagos Island can be challenging due to its status as a prime real estate hub. However, several neighborhoods offer more budget-friendly accommodations without compromising the vibrant lifestyle the island is known for. Here are the top 10 affordable neighborhoods for renters on Lagos Island:
First Neighbourhood Is Ajah
Ajah is a rapidly developing area that provides a range of housing options, from apartments to duplexes, at relatively affordable rates compared to other parts of Lagos Island. A 3-bedroom apartment in Ajah ranges from ₦1.2 million to ₦2.5 million per year, depending on the estate and proximity to Lekki-Epe Expressway.
2 Sangotedo
Located just after Ajah, Sangotedo offers budget-friendly rental properties and has seen significant infrastructural development, making it an attractive option for many.
3. Abijo
Further along the Lekki-Epe Expressway, Abijo presents affordable housing options, especially for those willing to commute a bit farther from the central business districts.
4. Lakowe
Known for its serene environment, Lakowe offers cost-effective rental options, particularly appealing to individuals seeking tranquility away from the bustling city centre.
5. Ibeju-Lekki
As a developing area with numerous real estate projects, Ibeju-Lekki provides affordable rentals and is poised for future growth, making it a strategic choice for budget-conscious renters.
6. Badore
Situated off the Lekki-Ajah axis, Badore offers a variety of affordable rental properties and is known for its relatively peaceful environment.
7. Ikota
Adjacent to the more upscale Lekki Phase 2, Ikota provides more affordable housing options while still offering proximity to major commercial centers.
8. Ogombo
Near the popular Abraham Adesanya Estate, Ogombo offers budget-friendly rentals and has been attracting attention due to ongoing development projects.
9. Langbasa
Located in the Eti-Osa Local Government Area, Langbasa provides affordable rental options and is known for its community-centric atmosphere.
10. Ilasan
Close to the Lekki Free Trade Zone, Ilasan offers reasonably priced rental properties, making it suitable for individuals working in or around the zone.
When considering these neighborhoods, it’s essential to factor in transportation costs, proximity to workplaces, and access to amenities. Engaging with reputable real estate agents and conducting thorough research can help in finding the best deals that align with your budget and lifestyle preferences.
