Which areas have the most active short let supply in Lekki Phase 1, Lagos?

Lekki (Lagos) leads volume with 1,314 active shortlet units averaging ₦165,070 per night.

Why do short let prices surge in December in Nigeria?

The annual "Detty December" holiday season brings strong inbound travel from the Nigerian diaspora and holiday visitors, pushing occupancy and nightly asking rates upward across Lagos and Abuja between late November and early January.

Are caution fees and utility bills included in the daily shortlet rate?

Nightly rates generally include 24/7 power, inverter/generator backup, internet, security, and housekeeping. Most hosts also request a refundable caution deposit (typically ₦20,000 to ₦100,000) returned after checkout inspection.

How can hosts benchmark and list their shortlet on Realestway?

Property hosts and managers can use Staydesk by Realestway (https://realestway.com/staydesk) to benchmark their asking rates against live neighborhood averages, synchronize calendars across Airbnb and Booking.com, and list directly on Realestway.

Live October 2026 Market Index96 Verified Listings TrackedRealestway Proprietary Aggregation

Average Price of Short Let Properties in Lekki Phase 1, Lagos

Name: Lekki Phase 1, Lagos Short Let Property Market Trends and Average Prices (October 2026)
Creator: Realestway
License: https://realestway.com/terms-of-service

The average price of short let properties in Lekki Phase 1, Lagos is ₦193,526 per day, with typical market asking rates ranging from ₦158,750 to ₦230,000 (median: ₦180,000) across 96 active verified listings (October 2026).

State / Region

City / Neighborhood

Bedrooms

Average Price

₦193,526 / night

Arithmetic mean across active inventory

Median Asking Rate

₦180,000 / night

50th percentile (excludes high luxury skew)

Typical Market Range

₦158,750 – ₦230,000

Middle 50% interquartile market spread

Price Range Spectrum

₦50,000 – ₦720,000

Lowest listed budget to ultra-luxury penthouses

Active Shortlet Inventory

96 Units

● Live verified availability feed

Average Short Let Prices by Bedroom Size in Lekki Phase 1, Lagos

Compare nightly asking rates across apartment layouts, from solo studio suites to 4-bedroom executive villas.

Property Type & Layout	Average Price	Typical Range (P25 – P75)	Cheapest Listed	Most Expensive	Active Units	Browse Listings
Studio / Self Contain Self-contained unit with kitchenette and bathroom.	₦80,833 / day	₦73,750 – ₦87,500	₦50,000	₦100,000	8 shortlets	View Listings
1 Bedroom Apartment 1-bedroom flat, popular with solo professionals and couples.	₦122,273 / day	₦110,000 – ₦135,000	₦80,000	₦180,000	15 shortlets	View Listings
2 Bedroom Apartment The most listed layout — fits small families and travel pairs.	₦188,824 / day	₦170,000 – ₦210,000	₦110,000	₦320,000	41 shortlets	View Listings
3 Bedroom Apartment / Duplex Spacious 3-bedroom flat or duplex with family lounge.	₦232,647 / day	₦177,500 – ₦262,500	₦160,000	₦400,000	20 shortlets	View Listings
4 Bedroom Maisonette / Villa Executive 4-bedroom residence, often detached.	₦264,000 / day	₦217,500 – ₦325,000	₦190,000	₦450,000	6 shortlets	View Listings

Corridor Intelligence

Top Nigerian Neighborhoods: Short Let Asking Rates

Benchmark rental performance and demand heatmaps across prime hospitality corridors in Lagos and Abuja.

Neighborhood / District	Overall Average Rate	1-Bedroom Avg	2-Bedroom Avg	3-Bedroom Avg	Guest Demand Tier	Action
Lekki Lagos • 1,314 active shortlets	₦165,070 / day	₦133,645	₦169,750	₦193,581	Ultra-High	Explore
Lagos Lagos • 521 active shortlets	₦175,908 / day	₦128,297	₦174,439	₦218,814	Ultra-High	Explore
Ikeja Lagos • 196 active shortlets	₦158,261 / day	₦110,000	₦164,773	₦213,750	High	Explore
Ikate Lagos • 113 active shortlets	₦163,242 / day	₦122,500	₦160,463	₦191,818	High	Explore
Victoria Island Lagos • 99 active shortlets	₦211,772 / day	₦180,714	₦205,417	₦232,679	High	Explore
Lekki Phase 1 Lagos • 96 active shortlets	₦193,526 / day	₦131,154	₦193,375	₦231,458	High	Explore
Ikoyi Lagos • 93 active shortlets	₦259,671 / day	₦179,231	₦221,250	₦310,128	High	Explore
Yaba Lagos • 60 active shortlets	₦96,979 / day	₦92,000	₦120,000	—	Moderate	Explore
Ajah Lagos • 51 active shortlets	₦157,561 / day	₦100,000	₦135,000	₦171,667	Moderate	Explore
Chevron Lagos • 49 active shortlets	₦139,872 / day	₦108,125	₦144,231	₦189,545	Moderate	Explore

Seasonality Engine

12-Month Short Let Asking Price Trajectory

Historical movement tracking dry season influx, diaspora travel, and December holiday rate surges.

Selected PeriodOct 2026

Average Rate₦195,682

Listings Tracked56

Peak: ₦197,097

Sep

Oct

★ Detty December Peak Surge: Holiday occupancy and returning diaspora push short-let rates up by 25% – 35% in Lagos & Abuja.Tap any month to inspect

Realestway Yield Intelligence

High-Value Amenities: Impact on Short Let Nightly Pricing

How specific high-demand amenities increase asking rates and guest booking velocity across Nigerian listings.

+16.2% Yield Premium

Swimming Pool

Top filter for leisure stays and private events.

Estimated Daily Uplift:+₦29,160 / night

+4.5% Yield Premium

Snooker / Games Room

Raises appeal for group bookings.

Estimated Daily Uplift:+₦8,100 / night

+2.1% Yield Premium

Gym

Common in serviced apartment blocks.

Estimated Daily Uplift:+₦3,780 / night

+1.8% Yield Premium

Fast WiFi / Starlink

Expected by remote workers and corporate guests.

Estimated Daily Uplift:+₦3,240 / night

Frequently Asked Questions

Short Let Pricing & Market Guide (Lekki Phase 1, Lagos)

Answers built from live asking rates, corridor volumes, and platform transaction standards.

Based on 96 active listings on Realestway, the average asking price for short let properties in Lekki Phase 1, Lagos is ₦193,526 per day. Typical mainstream apartments range between ₦158,750 and ₦230,000 per day depending on corridor and bedroom count. One-bedroom apartments average ₦122,273 per day, while 2-bedroom apartments average ₦188,824 per day.

For Guests & Travelers

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Find fully serviced suites in Lekki, Ikoyi, Victoria Island, and Abuja with verified 24/7 power, fiber Wi-Fi, and direct host WhatsApp booking.

Zero markup fees on direct host listings
Verified solar, inverter, and generator setups

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For Shortlet Hosts & Managers

List Your Shortlet with Staydesk PMS (100% Free)

Sync calendars two-way across Realestway, Airbnb, and Booking.com. Prevent overbooking, generate client PDF invoices, and access verified co-broking agents.

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Multi-channel sync: Airbnb & Booking.com via Channex

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