Apartment for Rent in Ikeja – How Much You Should Expect To Pay

If you don’t have permanent accommodation of yours in Lagos, you’re left with no other choice than to look for one every now and again, at least to rent. This, in itself, is a tough task. If you’re the type that loves to stay around buzzing areas, Ikeja is a prime location for you. Whatever you’re looking for is just a few minutes away. It has banks, markets, restaurants, parks, a mall and many businesses located around. Ikeja is the capital of “world famous” Lagos state. The state’s Secretariat and offices of the Governor and Deputy-Governor are located in Ikeja.

Ikeja has some good apartments that have affordable rent prices. If you’re unsure of what to expect when looking to rent an apartment in Ikeja, this article will give you the much needed information to get you in your apartment of choice, be it an economic, standard or luxury 1, 2 or 3 bedroom apartments


1 Bedroom Apartment

Economic – There are nice economical 1 Bedroom apartments in Ikeja with prices ranging from N100, 000 to N400, 000. Such apartments usually come with a bathroom and 1 or 2 toilets depending on the building. You can expect to have regular power supply, water supply, a secure and serene environment.

Standard A standard 1 bedroom apartment in Ikeja is priced between N500, 000 and N750, 000. In areas like Omole Phase 1 Ikeja, you can expect to pay about N600, 000 per annum for a 1 bedroom apartment. They usually come with one bathroom and a toilet, car parking space, serene and well secured environment, about 16-20 hours power supply and good road networks.

Luxury If you love the finer things of life, be ready to afford a luxury 1 bedroom apartment from around N1, 000, 000 – N2, 500, 000. Amenities you’ll find in one include constant power supply, standby generator in case of power interruption, good road network, parking spaces (2 or more), and water supply. In all, expect to stay in a serene and well secured environment.

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2 Bedroom Apartments

Economic – Yes, it’s possible to rent a 2 bedroom apartment at Ikeja within a price range of N400, 000 and N800, 000. This will be under the economic category. In Ogba, you will find 2 bedroom flats priced at N600, 000. Other areas in Ikeja where you will find apartments within this price include Amore street, Adeniyi Jones, Balogun, Oba Akran to name a few. These apartments usually come with 2 bathrooms, 3 toilets, a parking space and a total area of about 800sqm. The area is fairly secured, has accessible tarred roads, constant electricity supply of about 10 – 16 hours daily.

Standard To get a standard 2 bedroom apartment for rent in Ikeja will cost you anything from N850, 000 to NGN1, 200, 000. Expect to have constant power supply with standby generator, good road network, parking spaces, serene and well secure environment, water supply, swimming pool, cleaning of environment and elevators. Standard 2 bedroom apartments in Ikeja can be found at Oregun, Toyin Street, Allen Avenue, Opebi, Ikeja GRA and Maryland.

Luxury Luxury 2 bedroom apartments can be rented at prices starting from NGN1, 500, 000 with the most expensive going for N4, 000,000 yearly. You’ll get constant power supply and standby generator in case of power interruption, swimming pool, basketball court, good roads, parking spaces (4 or more), elevator and water supply amongst others. Luxury 2 bedroom apartments in Ikeja can be found at Ikeja GRA, Opebi, Oregun and Maryland.


3 Bedroom Apartments

Economic – With a budget starting from N700, 000 to N1, 200, 000, you can get an economical and decent looking 3 bedroom apartment in Ikeja. You’ll find these apartments located in areas like Adeniyi Jones, Oregun, Awolowo way, Balogun and Allen Avenue.

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Standard To get standard 3 bedroom apartments in Ikeja, you should be looking at spending anything from N1, 500, 000 to N4, 000, 000 per annum on rent. With this you’ll have accessible road network, decent power supply; some apartments might have standby generator, security, parking spaces, water supply and environment cleaning. Standard 3 bedroom apartments in Ikeja are available at Opebi, Allen Avenue, Ikeja GRA, Alausa, Oregun and Maryland.

Luxury 3 bedroom luxury apartments in Ikeja starts at N5, 000,000 and goes up as much as N15, 000,000 per annum. They are usually in neighborhoods like Alausa, Ikeja GRA, Shonibare Estate, Opebi and Maryland. Amenities to expect with such apartments includes constant power supply with standby generator, good road network, parking spaces, well secure environment, water supply, swimming pool, gym, elevator, sports court, intercom, fire alarm, environment cleaning amongst others.


Ikeja is one of the best places to live in Lagos, it is very central as it connects you easily to both the mainland as well as the island. If you find this article helpful, make sure you register with Vconnect or visit our website at business.vconnnect.com so you don’t miss out on our next article.

Abd'kareem Oladipo

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

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