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

Victoria Island is a part of Lagos with a fabled history. It makes a great location for relaxing and socializing as well as an ideal neighbourhood to settle down with your family whether you pay a rent or own the apartment. You wouldn’t be wrong if you call it the Business and Lifestyle centre of the city, it houses many banks and company headquarters. This makes it an attractive prospect for people to find work in the area, or thrill seekers who want to be a heartbeat from the action.

V.I as it is fondly called, is a planned city, some areas within are sand filled from the Atlantic Ocean. It has consistently proved to be a growing business hub with many small businesses, supermarkets (Spar, Goodies), malls (Mega Plaza), cafes, restaurants, hotels, cinemas (Silverbird) clubs and lounges spread around.

Now, with affluence comes expense. In order to rent a 1, 2 or 3 bedroom apartment in this part of town, some serious commitment budget wise must be made. Let’s break down the expected prices from three stand points.

  • Economical
  • Standard
  • Expensive/Luxury

Rent Economical Apartments

Economical 1 bedroom apartment

Expect to pay any amount between N300, 000 – N500, 000 if you have a string budget for a 1 bedroom apartment in V.I. Amenities you can expect to have include one bedroom and bathroom, kitchen, parking space, about 12 – 16 hours of electricity daily, water supply, accessible road networks.

Economical 2 bedroom apartments

The economical rates for a 2 bedroom flat in this area will be around N500, 000 – 2, 000, 000. Apartments in this range usually come with en-suite rooms, ample parking, tarred road, good water supply, constant electricity and standby generator, security. The areas in Victoria Island where you’ll find economical 2 bedroom apartments include Oniru, 1004 estates, Kofo Abayomi amongst others.

Economical 3 bedroom apartments

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With a budget of N2, 000,000 going all the way up to N3, 500, 000 you will get a 3 bedroom flat. Amenities to expect include en-suite rooms, parking space, furnishing, standard electricity, security, good water supply, accessible road networks, and interlocked compound.


Rent Standard Apartments

Standard 1 bedroom apartment

Have ready about N500, 000 – N1, 500, 000 if you want to rent a standard 1 bedroom apartment in Victoria Island. Amenities you can expect to have include one bedroom and bathroom/shower, kitchen, parking space, about 12 – 16 hours of electricity daily, water supply, accessible road networks.

Standard 2 bedroom apartments

If you’re looking to rent a 2 bedroom apartment in Victoria Island with a standard budget you’ll find some from N2, 000, 000 – N5, 000, 000. These apartments can be found in Oniru, 1004 estates, Adeola Odeku. Expect to get tiled floors, kitchen, pool, elevator, constant electricity supply, gym, en suite rooms. Service charge might apply for some apartments.

Standard 3 bedroom apartments

Renting a standard 3 bedroom apartment in Victoria Island doesn’t come cheap. Some start from N4, 000, 000 and goes up to about N8, 000, 000 per annum. You’ll find these apartments in areas like Kofo Abayomi, 1004 estates, Oniru to name a few. The apartments usually come with fitted kitchen, swimming pool, gym, elevator, ample car parking, constant electricity, good road networks, proper drainage, CCTV, security, treated water.

Rent Luxury Apartments

Luxury 1 bedroom apartment

Victoria Island lives up to its reputation as one of the playgrounds for the rich. If it is in your budget to rent something pricey and exclusive, be ready with anything from N2, 500, 000 – N5, 000, 000. Of course you should expect the following tiled floors, swimming pool, gym, en-suite rooms, ample parking space, elevator, CCTV, washing machine, smoke detector, security, 24 hour electricity, serene and clean environment. You’ll find 1 bedroom luxurious apartments in V.I at Akin Adesola, Oniru, 1004 estates.

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Luxury 2 bedroom apartment

A luxurious 2 bedroom apartment in Victoria Island goes from N3, 000, 000 to as much as N8, 000, 000 per annum. Some property owners collect rent in Dollars. These apartments are usually found in areas like 1004 estates, Adeola Odeku, Kofo Abayomi, Oniru. Expect your apartment to come fully furnished and with 24 hour electricity, swimming pool, en-suite rooms, parking space, accessible road network, interlocked compound, security, elevator, gym, treated water, visitor’s toilet, maid’s room and more.

Luxury 3 bedroom apartment

Renting a 3 Bedroom apartment in Victoria Island starts at N4, 500, 000 to N10, 000, 000 and sometimes even more. Amenities include ample parking, 24 hour security, swimming pool, air conditioned rooms, children’s play area, study, walk in closet, laundry rooms, 24 hour electricity, full furnishing, fitted kitchen, boys quarters, treated water, jacuzzi,  clean environment.

luxury apartment for rent in Victoria Island

Always remember to view in person before committing to any property. Some properties may demand service fee and a refundable caution fee. Now that you have a more precise view of what’s on offer, you can then proceed to make your choice.

Renting apartments in Lagos has become a lot more easier. From the corner of your home or office space, you can request for apartment for rent from standard to luxury apartment. All you need to do is share a few details of your requirements and then your contact details. You’ll get real estate agencies contact you with various listings and offerings and you can compare prices and choose the one that suits you. Remember to view in person before committing to any proper. Let’s get you your dream apartment in Victoria Island.

Abd'kareem Oladipo

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

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