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

5 min read

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 the 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.

 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. It is particularly a large and busy place that accommodates everyone; from the low class to the high class.

If you plan to move into a Festac apartment this article is definitely just for you. We’re talking what to expect in terms of accommodation prices, amenities and expectations in general. 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 and goes up as much as N500, 000. They 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.

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, so also 1st and 3rd avenue amongst others.

Standard Apartments

Standard apartments are in more appealing and organised areas of Festac.
Amenities will include: Parking spaces, Water supply, Fencing and gate, some houses may have gate keepers, tiled floors so also 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. Basic amenities to point out include kitchen cabinets, electricity, good water supply and parking space. These apartments are located in: 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. 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 while  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.

1 Bedroom Apartment

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. 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. 

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. You will find them in areas like 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 equally 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 flooded in the area when it rains?
  • 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.
Abd'kareem Oladipo

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

1 Comment
  1. Hi
    Am looking for a 2 bedroom apartment in festac for a client. Budget is 400,000. Hope to hear from you soon

Leave a Reply

Your email address will not be published.

Reload Image