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.
Lekki Peninsula II ranks sixth with an average daily rate of N127,000 for 2-bedroom shortlet apartments in Lagos. As the city’s most expansive shortlet hub, the area spans from Ikate to Victoria Garden City, offering a diverse range of units that appeal to both budget-conscious and premium-seeking guests.
Two-bedroom shortlets make up 36% of the inventory in 2025, providing modern, well-equipped apartments that balance comfort and affordability. Pricing reflects property quality, access to local amenities, and proximity to Lagos’ commercial and leisure corridors.
The market is dominated by high-turnover, short-term stays, with most guests booking for one or two nights. Seasonal surges, particularly during the festive period, push two-bedroom rates up from N101,000 in March to N153,000 in December.
