The Lagos shortlet market has grown from a fragmented, informal segment into an integral part of the city’s housing and hospitality landscape.
Rising demand from business travelers, tourists, and returning diaspora members has transformed short-term rentals into a structured and competitive market. Seasonal peaks, particularly during the festive “Detty December” period, push occupancy close to 100% in prime neighborhoods, reflecting the high turnover and short-stay nature of the market.
Lagos now attracts both corporate and leisure visitors, drawn by economic opportunities, events, and lifestyle offerings. Certain neighborhoods consistently command higher rates due to location, amenities, and accessibility, making them the most sought-after for 2-bedroom shortlets.
This ranking, based on The Edala Development Lagos Shortlet Market Report 2025, highlights areas in Lagos where 2-bedroom shortlet apartments recorded the highest average daily rates over the full 2025 calendar year, providing an objective snapshot of premium pricing across the city.
Eko Atlantic claimed the top spot with an average daily rate of N325,000 for a 2-bedroom shortlet apartment in Lagos in 2025. The city’s master-planned design, modern infrastructure, and towering residential complexes continue to position it as the most premium address in the state.
Built on reclaimed land along the Atlantic Ocean, Eko Atlantic offers advanced drainage systems, 24/7 security, and professionally managed facilities, making it especially attractive to high-net-worth individuals, expatriates, and corporate tenants seeking exclusivity and convenience.
Demand for shortlets in the area is fueled by luxury living, panoramic ocean views, and proximity to Victoria Island’s commercial hub. Consequently, Eko Atlantic continues to command the highest average daily rates in Lagos’ shortlet market.
Source: I confirmed from the author of this report that the Banana Island with N234K Average Daily Rate (ADR) is Ikoyi. That was a typo.
