Two-bedroom apartments are among the most sought-after rental units in Lagos. Realtors and property agents note that renters favor them for their balance of space, comfort, and affordability, making them ideal for small families, professionals, and roommates.
Rental values across the city have shown significant growth, driven by urban expansion, lifestyle changes, and economic activity.
Demand is strongest in neighborhoods offering good security, modern infrastructure, and convenient access to business and leisure hubs.
According to the Lagos Residential Market Report 2025 by Edala Development, which provides average rental values for apartments across Lagos in 2025, this ranking identifies the top 10 areas where two-bedroom apartments command the highest rents.
From Mainland neighborhoods with relatively affordable options to Island and waterfront developments that command premium prices, the report highlights the locations where renters pay the most for two-bedroom homes.
Lekki Phase I ranked as the fifth most expensive area to rent a two-bedroom apartment in Lagos in 2025, with an average annual rent of N8.5 million.
The neighborhood is centered around Admiralty Way and offers easy access to Ikoyi and Victoria Island, attracting professionals and families. The area has modern apartment blocks, stylish terraces, semi-detached units, and a few detached homes. Its appeal comes from the mix of residential and commercial activity.
According to the report, rents for two-bedroom apartments have risen by 183% since 2020. Final rents vary depending on the building type, quality of facilities, and the specific features of each property. Luxury units, particularly those in high-end estates, often command higher rents.
