Michael
AuthorShortlet prices in Nigeria vary by location, property size, and amenities. In Lagos, premium areas such as Victoria Island, Ikoyi, and Lekki can command nightly rates above ₦100,000, with larger or more luxurious apartments costing considerably more. In Abuja, upscale districts such as Maitama can also attract high nightly rates. For longer stays, some hosts offer negotiated monthly rates, although discounts and terms vary by property. Before booking, confirm the total cost, required identification, caution deposit, payment terms, and cancellation policy directly with the host.
Shortlet prices in Nigeria vary by location, apartment size, amenities and travel dates. To help guests understand the market, Realestway publishes a Short Let Property Price Index using data from its own property platform.
According to Realestway's October 2026 index, the average advertised shortlet rate nationwide was ₦214,700 per night, while the median asking rate was ₦171,760 per night. The typical market range was ₦133,114–₦246,905 per night, based on 5,000+ active listings tracked by the platform.
The average is higher than the median because more expensive properties can pull the average upward. The median provides a useful complementary benchmark, while the typical range shows where the middle half of asking rates falls.
Apartment size is one factor that influences shortlet prices. Realestway's October 2026 index provides the following national benchmarks by layout:
| Apartment type | Average asking rate | Typical range |
|---|---|---|
| Studio / mini flat | ₦96,615/night | ₦75,145–₦124,526 |
| 1-bedroom apartment | ₦139,555/night | ₦107,350–₦176,054 |
| 2-bedroom apartment | ₦210,406/night | ₦161,025–₦268,375 |
| 3-bedroom apartment / duplex | ₦311,315/night | ₦236,170–₦397,195 |
| 4-bedroom maisonette / villa | ₦483,075/night | ₦364,990–₦622,630 |
Source: Realestway Short Let Property Index, October 2026. Rates are advertised nightly asking prices, not confirmed booking prices or completed transaction values. Typical ranges represent the middle 50% of asking rates shown in the index. Figures may change as the index is updated.
Explore the full Realestway Short Let Price Index →
Shortlet rates can differ significantly between neighbourhoods, even for apartments with similar bedroom counts. Realestway's October 2026 index shows the following average nightly asking rates for selected areas:
| Neighbourhood | Average asking rate |
|---|---|
| Ikoyi, Lagos | ₦285,000/night |
| Maitama, Abuja | ₦240,000/night |
| Victoria Island, Lagos | ₦220,000/night |
| Wuse 2, Abuja | ₦175,000/night |
| Lekki Phase 1, Lagos | ₦165,000/night |
| Ikeja GRA, Lagos | ₦145,000/night |
| Jabi, Abuja | ₦135,000/night |
| Ajah / Sangotedo, Lagos | ₦85,000/night |
Source: Realestway Short Let Property Index, October 2026. These are area-level averages across the inventory represented in the index, not guaranteed rates for every property. Individual prices vary by apartment size, amenities and dates.
Location, apartment size, furnishing, facilities and demand all influence nightly rates. Features such as backup power, reliable Wi-Fi, a swimming pool or a waterfront view may also affect what a host charges. Prices can rise during festive periods, holidays and major events.
For longer stays, ask the property contact whether a weekly or monthly rate is available. Discounts and inclusions vary, so confirm the full cost for your dates, including cleaning fees, electricity, caution deposits and other charges. Also confirm availability, payment terms and the cancellation policy before paying.
Use market benchmarks as a starting point, then compare individual properties based on location, size, amenities and your travel dates. Browse shortlet listings on Realestway or explore the full shortlet market index for more detailed pricing insights.
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