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.
Mushin ranks as the sixth cheapest area in Lagos State to rent a two-bedroom apartment, with an average rent of N1.1 million per year.
Mushin has grown into a bustling hub of commerce, culture, and urban life since its establishment in 1955.
- The area is well connected by major roads such as Agege Motor Road and Ikorodu Road, and public transport options like buses and tricycles make it easy for residents and visitors to move around.
- Mushin combines residential and commercial spaces, including houses, apartments, markets, retail shops, and small industries.
- Key markets like Ojuwoye and Ladipo attract traders from across Lagos, while small-scale enterprises and workshops sustain its dynamic economy.
The suburb also offers essential infrastructure and amenities, including schools, hospitals, clinics, drainage systems, and recreational facilities.
Still, it faces challenges such as traffic congestion, overcrowding, and waste management issues.
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.