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.
Ojo ranks as the fourth cheapest area in Lagos State to rent a two-bedroom apartment, with an average annual rent of N967,000.
- The town is a major commercial and residential area in Lagos’ Badagry axis, known for key markets such as Alaba International Market and Iyana-Iba Market, which support extensive trading and employment activities.
- It is also home to Lagos State University (LASU) and lies along the Lagos–Badagry Expressway, providing road connectivity to Amuwo-Odofin, Ajeromi-Ifelodun, Alimosho, and Badagry.
Ferry services along nearby creeks further complement road transport, while ongoing activity along the expressway continues to shape real estate demand in the area.
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.