Two-bedroom apartments remain among the most in-demand rental units in Lagos, prized for their balance of space, comfort, and cost, making them ideal for small families, professionals, and roommates.
With rents rising across the state and a persistent housing supply shortage, affordability has become a major consideration for many tenants, even if it means compromising on certain conveniences.
Understanding where value meets accessibility is, therefore, essential for navigating Lagos’ rental market.
This ranking of the cheapest areas to rent a two-bedroom apartment is based on The Lagos Residential Market Report 2025 by Edala Development, which provides average rental values for apartments across the city.
The following list highlights the ten areas where renters can find the most affordable two-bedroom apartments in Lagos.
Badagry is the cheapest area in Lagos State to rent a two-bedroom apartment, with an average annual rent of N575,000.
- It is a coastal town and Local Government Area in the Badagry Division, located on the north bank of Porto Novo Creek, an inland waterway linking Lagos to Porto-Novo in Benin.
- The town also serves as a transit point to Porto-Novo.
- The local economy is driven by fishing, trading, and tourism, with its rich history, including ties to the Trans-Atlantic slave trade and early missionaries, attracting visitors.
- Inland waterways provide an alternative transport option within Lagos and to the surrounding areas.
In 2024, the Federal Government began the 1,068-kilometre Sokoto-Badagry Superhighway, part of the Trade, Transport, and Security Greenfield corridor.
The highway spans several states and terminates in Lagos, aiming to reduce transport costs, boost trade, and enhance connectivity across the country.
Well composed and conveyed, this writeup is a concise handout for accommodation seekers, who continually swim in the pool of dilemma of remaining in Lagos State or relocate (to village) due to rising cost of accommodation.