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.
Oshodi ranks as the seventh cheapest area in Lagos State to rent a two-bedroom apartment, with an average rent of N1.1 million per annum.
Oshodi, a densely populated suburb on Lagos Mainland, has long been a vital commercial and transport hub.
- Its importance dates back to the early 1900s, when the colonial government established it as a key market and trade route, attracting migrants from across Nigeria and West Africa.
- Oshodi Market, one of the largest in West Africa, remains the centre of daily commerce, alongside Arena Market, a general goods market, and Bolade Market, which sells food and other essentials.
- A major feature of Oshodi is the Transport Interchange, which links BRT buses and other city routes.
It comprises three multi-storey terminals with waiting areas, loading bays, ticketing stands, drivers’ lounges, parking, and surveillance systems, highlighting the suburb’s public infrastructure.
Bordered by Mushin, Surulere, Somolu, and Alimosho, Oshodi continues to balance its rich cultural heritage with the demands of a fast-paced urban environment.
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.