Average Price of For Rent (Annual) Properties in Nigeria
The average price of for rent (annual) properties in Nigeria is ₦2,409,721 per year, with typical market asking rates ranging from ₦900,000 to ₦3,950,000 (median: ₦1,700,000) across 7,711 active verified listings (October 2026).
Average Annual Rental Prices by Bedroom Size in Nigeria
Compare yearly asking rents across residential layouts, from self-contained flats to multi-bedroom duplexes.
| Property Type & Layout | Average Price | Typical Range (P25 – P75) | Cheapest Listed | Most Expensive | Active Units | Browse Listings |
|---|---|---|---|---|---|---|
Self Contain / Mini Flat Self-contained unit with kitchenette and bathroom. | ₦1,029,362 / yr | ₦600,000 – ₦1,500,000 | ₦200,000 | ₦50,000,000 | 2,830 listings | View Listings |
1 Bedroom Apartment 1-bedroom flat, popular with solo professionals and couples. | ₦1,573,995 / yr | ₦1,000,000 – ₦2,000,000 | ₦215,000 | ₦45,000,000 | 1,081 listings | View Listings |
2 Bedroom Apartment The most listed layout — fits small families and travel pairs. | ₦2,695,398 / yr | ₦1,500,000 – ₦4,000,000 | ₦200,000 | ₦45,000,000 | 2,088 listings | View Listings |
3 Bedroom Apartment / Duplex Spacious 3-bedroom flat or duplex with family lounge. | ₦4,973,290 / yr | ₦2,000,000 – ₦7,000,000 | ₦210,000 | ₦50,000,000 | 1,030 listings | View Listings |
4 Bedroom Maisonette / Villa Executive 4-bedroom residence, often detached. | ₦10,910,104 / yr | ₦7,000,000 – ₦15,000,000 | ₦280,000 | ₦50,000,000 | 468 listings | View Listings |
Top Corridors & Districts: Annual Rental Rates
Benchmark residential rental asking rates across high-demand urban corridors.
| Neighborhood / District | Overall Average Rate | 1-Bedroom Avg | 2-Bedroom Avg | 3-Bedroom Avg | Guest Demand Tier | Action |
|---|---|---|---|---|---|---|
Lagos Lagos • 441 active listings | ₦3,968,909 / yr | ₦3,506,250 | ₦3,832,237 | ₦6,508,235 | Ultra-High | Explore |
Port Harcourt Rivers • 414 active listings | ₦1,961,201 / yr | ₦1,342,233 | ₦2,303,077 | ₦3,550,000 | Ultra-High | Explore |
Ibadan Oyo • 314 active listings | ₦1,046,135 / yr | ₦760,000 | ₦1,245,833 | ₦1,373,770 | Ultra-High | Explore |
Federal Light Rivers • 275 active listings | ₦1,433,500 / yr | ₦1,363,433 | ₦1,980,597 | ₦1,987,500 | High | Explore |
Lekki Lagos • 203 active listings | ₦7,369,632 / yr | ₦4,575,000 | ₦9,310,811 | ₦10,008,065 | High | Explore |
Obio Akpor Rivers • 188 active listings | ₦1,905,223 / yr | ₦1,419,048 | ₦2,316,279 | ₦2,300,000 | High | Explore |
Sangotedo Lagos • 174 active listings | ₦2,944,604 / yr | ₦2,940,000 | ₦3,579,592 | ₦4,642,857 | High | Explore |
Ada George Rivers • 158 active listings | ₦1,640,000 / yr | ₦1,486,957 | ₦2,070,833 | ₦2,600,000 | High | Explore |
Gwarinpa FCT • 133 active listings | ₦4,740,909 / yr | ₦2,845,455 | ₦5,316,667 | ₦8,306,452 | High | Explore |
Alakahia Rivers • 124 active listings | ₦807,908 / yr | ₦1,243,571 | ₦1,500,000 | — | High | Explore |
12-Month Short Let Asking Price Trajectory
Historical movement tracking dry season influx, diaspora travel, and December holiday rate surges.
High-Value Amenities: Impact on Short Let Nightly Pricing
How specific high-demand amenities increase asking rates and guest booking velocity across Nigerian listings.
Swimming Pool / Gym
Premium apartment amenity.
Parking Space
Scarce in dense neighbourhoods.
24/7 Power (Generator / Solar)
Top factor for Lagos and Abuja tenants.
Treated Water / Borehole
Important on the Island and Lekki axis.
Fitted Kitchen
Reduces move-in costs.
Gated Estate / Security
Key for families.
For Rent (Annual) Pricing & Market Guide (Nigeria)
Answers built from live asking rates, corridor volumes, and platform transaction standards.
Book Verified Shortlet Apartments in Nigeria
Find fully serviced suites in Lekki, Ikoyi, Victoria Island, and Abuja with verified 24/7 power, fiber Wi-Fi, and direct host WhatsApp booking.
- Zero markup fees on direct host listings
- Verified solar, inverter, and generator setups
List Your Shortlet with Staydesk PMS (100% Free)
Sync calendars two-way across Realestway, Airbnb, and Booking.com. Prevent overbooking, generate client PDF invoices, and access verified co-broking agents.
- 0% Host Commission on Realestway Native Marketplace
- Multi-channel sync: Airbnb & Booking.com via Channex