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.
Ajah ranks ninth with an average daily rate of N110,000. Once largely undeveloped, the area has transformed into a bustling residential hub along the Lekki–Sangotedo corridor, featuring modern apartment blocks, gated estates, terraces, and semi-detached homes.
Ajah’s strategic location along the Lekki corridor and emerging business and lifestyle hubs appeal to professionals, young families, and visitors seeking more affordable short-term accommodation compared to central Lekki.
Two-bedroom units provide a balance of space, modern amenities, and comfort, making them ideal for short stays and medium-term bookings.
