Apartment for Rent in Festac – How Much You Should Expect to Pay.

Looking for an apartment in Lagos? Festac is one of the few places in Lagos with a very strong historical heritage and culture; it was birthed as an idea to house every participant of the ‘Second World Black and African Festival of Arts and Culture’ – Festac ‘77. The name Festac is actually an acronym derived from the full name of the festival. So much has changed since then and Festac is one of the most bubbling areas in the whole of Lagos State.

Festac is located along the Lagos-Badagry Expressway, in Amuwo Odofin Local government area. You really cannot have a dull time in Festac. If you’re hungry for something to feed your eyes, stomach or for some of the best experiences, Festac has many activities going on almost everywhere you look from small and medium businesses to banks, markets, eateries/restaurants, schools, malls (Festival Mall), lounges, you name it. It is a large and busy place with an apartment for everyone; from the low class to the high class.

If you are looking to move in to an apartment in Festac and don’t have any idea of what to expect in terms of prices for accommodation, this article is tailored just for you. There are 1, 2 and 3 bedroom apartments available in these three categories: the economical, the standard and then, luxury.

Economical Apartments

These are usually the least expensive apartments you’ll find in Festac.  Prices are fair enough and budget friendly.

Amenities to expect in this category will include: Water supply, Fencing, Parking Space and good roads in some areas.

1 Bedroom Apartment

The least expensive 1 bedroom apartment in Festac starts at N200, 000 – N350, 000 per annum. The areas in Festac you can find relatively affordable 1 bedroom apartments are: Amuwo Odofin, Festac Extension amongst others. Apartments come with good water supply, a kitchen, a bathroom and toilet, electricity. Some apartments have gated compounds while some are in a block of flats.

 2 Bedroom Apartments

Renting a 2 bedroom apartment in Festac starts from N350, 000 – N500, 000 apartments come with good water supply, electricity. Some apartments have balconies, some are in gated compounds. Areas in Festac where these apartments are located are: 6th Avenue, 23 road, 1st Avenue, 2nd avenue, Festac extension amongst others.

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3 Bedroom Apartments

An economical 3 bedroom apartment in Festac comes with parking space, good water supply, electricity, kitchen, toilet and bathroom. Roads are accessible. With a budget of N500, 000 – N650,000 per annum, you can get one. These apartments are available in places like: Amuwo Odofin, 6th Avenue, Festac extension, 1st and 3rd avenue amongst others.

Standard Apartments

Standard apartments can be found in more appealing and organised areas in Festac.

Amenities will include: Parking spaces, Water supply, Fencing and gate, some houses may have gate keepers, tiled roads, cabinets.

1 Bedroom Apartment

Standard 1 bedroom apartments start at N350, 000 – N500, 000 apartments come with good water supply, some are located in a gated compound some are in a block of flats, kitchen cabinets, and parking space. Areas in Festac where these apartments are located are: Diamond Bank area, Amuwo Odofin, 21 road, 3rd avenue, 1st Avenue amongst others.

 2 Bedroom Apartments

With a budget starting at N600, 000 – N750, 000 per annum you can get a well spacious 2 bedroom apartment in Festac. These apartments are expected to come with good parking space, good water supply, electricity, gated compound. The areas with these apartments are: 23 road, 6th Avenue, 1st Avenue, Amuwo amongst others.

3 Bedroom Apartments

Standard 3 bedroom apartments are an ideal choice if you want something good and serene and you’re on a budget. The expected annual rent for a 3 bedroom apartment in Festac ranges from N800, 000 – N1, 000, 000 per annum. These apartments come with ample parking space, electricity, good water supply, gated compound and security. Areas in Festac with these houses are: 1st, 2nd and 4th Avenue, Amuwo Odofin amongst others.

Luxury Apartments

If you prefer a very serene, clean and appealing apartment, you’ll surely get these in Festac.

Amenities will include: Fencing/ Gate, Security guards, Water supply, tiled roads, Furnished, electricity, fully serviced apartments.

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1 Bedroom Apartments

A luxury 1 bedroom apartment starts at N700, 000 – N850, 000 per year. These apartments come with ample parking spaces, fitted kitchen, security, good water supply, some apartments might be serviced and would attract an annual service fee. Areas in Festac where you’ll find these luxury apartments are: Diamond estate, Festac Extension, Lily Estate, Festac Link Road, 1st, 2nd and 4th Avenue amongst others.

 

2 Bedroom Apartments

Expect yearly rent of a 2 bedroom luxury apartment in Festac to start from N950, 000 – N1, 200, 000. They usually come with ample parking spaces, security, electricity, en-suite rooms, visitor’s toilet, gated compound, clean environment and some are serviced apartments.

3 Bedroom Apartments

3 bedroom luxury apartments in Festac start at N1, 500, 000 – N2, 000,000. They basically come with everything from ample parking spaces, good water supply, security, electricity, serene environment, furnished. They’re spread across Diamond estate, Festac Extension, Lily Estate, Festac Link Road, 1st, 2nd and 4th Avenue to name a few. Amenities include water supply, good road, fence, security, 4 toilets/ 3 bathrooms, kitchen cabinets, en-suite rooms, parking space, rooms with wardrobe.

When apartment searching, make time to always view any available house a real estate agent is pushing to you, no matter the promises, you have to go out and actually take a good look at things for yourself to be sure it’s a place that matches your preference and taste.

Things to check before you pay for an apartment:

  • The Road: How good is the road network that leads to the apartment?
  • Flood: Does it get flood in the area when it rains? This is a big deal because so much can go to ruins when the road is flooded.
  • Security/Safety: Have there been severe cases of armed robbery in the area? You need to put your safety at the top of any decision you’ll finally make.
  • Water Supply: You obviously cannot do without water in a house, confirm very clearly and even try to confirm on your own from a different source; that clean water is not an issue in the house.

Cheers.

Abd'kareem Oladipo

"Seize the day, never trust in the promise of tomorrow" - a wise person

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