Average Price of For Rent (Annual) Properties in Nigeria
The average price of for rent (annual) properties in Nigeria is ₦2,410,999 per year, with typical market asking rates ranging from ₦870,000 to ₦4,000,000 (median: ₦1,700,000) across 7,643 active verified listings (October 2026).
Average Annual Rental Prices by Bedroom Size in Nigeria
Compare yearly asking rents across residential layouts, from self-contained flats to multi-bedroom duplexes.
| Property Type & Layout | Average Price | Typical Range (P25 – P75) | Cheapest Listed | Most Expensive | Active Units | Browse Listings |
|---|---|---|---|---|---|---|
Self Contain / Mini Flat Self-contained unit with kitchenette and bathroom. | ₦1,029,718 / yr | ₦600,000 – ₦1,500,000 | ₦200,000 | ₦50,000,000 | 2,811 listings | View Listings |
1 Bedroom Apartment 1-bedroom flat, popular with solo professionals and couples. | ₦1,574,241 / yr | ₦1,000,000 – ₦2,000,000 | ₦215,000 | ₦45,000,000 | 1,067 listings | View Listings |
2 Bedroom Apartment The most listed layout — fits small families and travel pairs. | ₦2,699,847 / yr | ₦1,500,000 – ₦4,000,000 | ₦200,000 | ₦45,000,000 | 2,066 listings | View Listings |
3 Bedroom Apartment / Duplex Spacious 3-bedroom flat or duplex with family lounge. | ₦4,973,393 / yr | ₦2,000,000 – ₦7,000,000 | ₦210,000 | ₦50,000,000 | 1,021 listings | View Listings |
4 Bedroom Maisonette / Villa Executive 4-bedroom residence, often detached. | ₦10,883,290 / yr | ₦7,000,000 – ₦15,000,000 | ₦280,000 | ₦50,000,000 | 465 listings | View Listings |
Top Corridors & Districts: Annual Rental Rates
Benchmark residential rental asking rates across high-demand urban corridors.
| Neighborhood / District | Overall Average Rate | 1-Bedroom Avg | 2-Bedroom Avg | 3-Bedroom Avg | Guest Demand Tier | Action |
|---|---|---|---|---|---|---|
Lagos Lagos • 437 active listings | ₦3,955,786 / yr | ₦3,167,742 | ₦3,852,876 | ₦6,573,810 | Ultra-High | Explore |
Port Harcourt Rivers • 410 active listings | ₦1,908,035 / yr | ₦1,328,365 | ₦2,303,077 | ₦3,550,000 | Ultra-High | Explore |
Ibadan Oyo • 313 active listings | ₦959,819 / yr | ₦760,000 | ₦1,142,647 | ₦1,196,364 | Ultra-High | Explore |
Federal Light Rivers • 273 active listings | ₦1,430,596 / yr | ₦1,368,939 | ₦1,972,727 | ₦1,987,500 | High | Explore |
Lekki Lagos • 202 active listings | ₦7,384,259 / yr | ₦4,575,000 | ₦9,310,811 | ₦10,008,065 | High | Explore |
Obio Akpor Rivers • 186 active listings | ₦1,914,323 / yr | ₦1,430,000 | ₦2,316,279 | ₦2,300,000 | High | Explore |
Sangotedo Lagos • 174 active listings | ₦2,944,604 / yr | ₦2,940,000 | ₦3,579,592 | ₦4,642,857 | High | Explore |
Ada George Rivers • 155 active listings | ₦1,637,402 / yr | ₦1,479,545 | ₦2,072,340 | ₦2,600,000 | High | Explore |
Gwarinpa FCT • 134 active listings | ₦4,729,730 / yr | ₦2,917,391 | ₦5,264,000 | ₦8,416,667 | High | Explore |
Alakahia Rivers • 123 active listings | ₦808,814 / yr | ₦1,243,571 | ₦1,500,000 | — | High | Explore |
12-Month Short Let Asking Price Trajectory
Historical movement tracking dry season influx, diaspora travel, and December holiday rate surges.
High-Value Amenities: Impact on Short Let Nightly Pricing
How specific high-demand amenities increase asking rates and guest booking velocity across Nigerian listings.
Swimming Pool / Gym
Premium apartment amenity.
24/7 Power (Generator / Solar)
Top factor for Lagos and Abuja tenants.
Parking Space
Scarce in dense neighbourhoods.
Treated Water / Borehole
Important on the Island and Lekki axis.
Fitted Kitchen
Reduces move-in costs.
Gated Estate / Security
Key for families.
For Rent (Annual) Pricing & Market Guide (Nigeria)
Answers built from live asking rates, corridor volumes, and platform transaction standards.
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