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.
Agege ranks as the eighth cheapest area in Lagos State to rent a two-bedroom apartment, with an average rent of N1.2 million yearly.
- Agege is a neighbourhood in Lagos State with clearly defined boundaries stretching from Dopemu Road in the north to Ashade Retail Market in the south, Oba Ogunji Road in the east, and Abeokuta Express Road in the west.
- The area sustains a dynamic local economy through vibrant markets like Abattoir Meat Market and Alade Market, which provide a wide range of goods and services.
- Agege also hosts key landmarks such as the National Youth Service Corps Permanent Orientation Camp, Agege Stadium, and the Pen Cinema Flyover, which has helped ease traffic congestion and improve connectivity.
The Babatunde Fashola Railway Station, opened in 2021, links Agege to Ogun and Oyo States, enhancing regional travel. Residential options include estates like Sunshine Estate and New Dairy Farm Housing Estate, offering a mix of housing for families and working professionals.
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.