A Guide to Shortlet Apartment Prices in Lagos, Nigeria  

If you’re planning a trip to Lagos or need a temporary place to stay, shortlet apartments are an excellent option. They offer flexibility and comfort, often cheaper than traditional hotels. Whether you’re visiting for business or leisure, Lagos has various shortlet options catering to different budgets and preferences. In this guide, you will learn the costs of shortlet apartments in Lagos and what to expect. 

Understanding Shortlet Apartment Costs in Lagos 

The cost of a shortlet apartment in Lagos can vary widely, depending on several factors. Let’s break down the key elements that influence these costs so you can understand what to expect. 

Factors Influencing Shortlet Apartment Prices in Lagos 

These factors influence cost of shortlet apartment in Lagos: 

• Location: Areas like Victoria Island, Lekki, and Ikoyi tend to have higher rates, especially for luxury apartments. On the other hand, mainland areas like Ikeja and Yaba may offer more affordable options. 

• Size of the apartment: A one-bedroom apartment is typically cheaper than a three-bedroom unit. More space means higher rent. 

• Amenities and services: Apartments with extra perks like swimming pools, gyms, or 24/7 security tend to cost more. 

• Duration of stay: The longer you stay, the better the deal you may get. Monthly rentals often offer lower daily rates than weekly ones. 

Finding Affordable shortlet Apartments in Lagos 

Finding an affordable shortlet apartment in Lagos can be tricky, especially if you want to balance cost and comfort. However, you can find great deals in less expensive areas with some research. Mainland areas like Ikeja, Yaba, and Surulere often offer cheaper options than the upscale areas on the island.  

Websites like Dreamfield Nest or local property agents also help locate shortlet apartments with good deals. Additionally, looking for apartments outside the busy city center often yields a lower price without sacrificing too much convenience. 

Are cheap shortlet apartments worth it in Lagos? 

While cheap shortlet apartments in Lagos can offer significant savings, weighing the pros and cons is important. Budget apartments often lack modern amenities like pools, gyms, or 24/7 security. However, they can be a great choice if you’re looking for a place to sleep after a busy day. If you’re staying for a long period, a cheap shortlet can be a good option to save money. Just ensure the apartment meets your basic needs in terms of cleanliness, security, and comfort. 

How much does a shortlet apartment cost in Lagos? 

Prices for short-let apartments in Lagos can range from ₦30,000 to ₦100,000 per night, depending on the area, size, and amenities. For example, a one-bedroom short-let apartment in Victoria Island could cost around ₦150,000 per night, while the same apartment in Ikeja may be available for ₦100,000 per night. 

Average Costs of shortlet Apartments in Lagos Mainland 

Prices in Lagos mainland can start as low as ₦80,000 to ₦150,000 per night for a basic 1-bedroom shortlet apartment in places like Ikeja and Yaba. If you’re looking for more space, a 3-bedroom shortlet apartment in these areas could cost between ₦200,000 and ₦500,000 per night. 

Compared to the island, mainland areas generally offer better value for cheap shortlet apartments in Lagos, especially if you don’t mind being a bit farther from the city’s prime attractions. 

Average Prices of 3-Bedroom Shortlet Apartments in Victoria Island 

A 3-bedroom shortlet apartment in Victoria Island can cost anywhere from ₦150,000 to ₦250,000 per night, depending on the location within the island and the apartment’s amenities.  

For a monthly rental, prices can range between ₦2,000,000 and ₦3,000,000, offering more competitive rates if you stay longer. If you’re looking for a luxurious stay, you’ll find some shortlet that offer housekeeping, room service, and private security, but be ready for a higher price tag. 

Costs and Availability of Affordable Shortlet Apartments in Lekki 

While Lekki is known for its upscale offerings, affordable shortlet apartments are still available, particularly in more residential areas. A 2-bedroom apartment in Lekki typically costs between ₦600,000 and ₦1,000,000 per month, depending on the location and amenities.  

For a shortlet of a few days or weeks, expect to pay around ₦150,000 to ₦300,000 per night for a 2-bedroom apartment. It’s essential to compare prices and book in advance, especially during peak seasons like the Christmas holidays or major city events. 

Popular Locations and Average Costs of shortlet Apartments in Ikeja 

Ikeja is a prime location for those seeking affordable shortlet apartments in Lagos, especially for business travelers who need proximity to the local airport and Lagos’s commercial center. Popular areas in Ikeja, such as Alausa, Ikeja GRA, and Maryland, offer many options.  

On average, 2-bedroom shortlet in Ikeja can cost between ₦400,000 and ₦800,000 per month, making it a more budget-friendly alternative to other parts of Lagos. Daily rates typically range from ₦100,000 to ₦250,000, depending on the apartment’s quality and location. Ikeja offers residential and business-friendly amenities, making it ideal for short stays in Lagos. 

How Much is a Monthly shortlet Apartment in Lagos? 

The price of a monthly shortlet apartment in Lagos varies depending on the location and property size. Generally, you can expect monthly rentals to cost anywhere from ₦500,000 to ₦2,000,000, depending on location, size, and amenities. Apartments in more premium areas like Victoria Island or Ikoyi will be on the higher end.  

At the same time, mainland locations like Ikeja and Yaba offer more affordable options. Remember that monthly rentals often provide better value than paying nightly, especially for longer stays. 

Best Areas for Monthly shortlet Apartments in Lagos 

• Victoria Island: Popular for its luxury and comfort, monthly rentals in Victoria Island tend to be pricier, ranging from ₦1,500,000 to ₦2,000,000 for a two—or three-bedroom apartment. 

• Lekki:Known for its upscale living, Lekki offers a wide range of apartments with prices typically ranging from ₦800,000 to ₦1,500,000 for a 3-bedroom unit. 

• Ikeja:This is one of the more affordable areas, with monthly prices starting from ₦400,000 for a 2-bedroom apartment. It’s perfect for anyone who wants to be close to the business hub. 

• Surulere: Offers more affordable monthly rentals starting from around ₦350,000 for a 2-bedroom apartment. 

Popular Areas for shortlet Apartments in Lagos Mainland 

While the island areas are often more expensive, the mainland offers plenty of affordable short-let apartments in Lagos. Some of the best areas for short-let apartments on the mainland include Ikeja, Yaba, Surulere, and Ogba. These areas have a good mix of budget-friendly and higher-end choices, making it possible to find something that fits your needs and budget. 

• Ikeja is well-connected and offers different types of shortlet homes. 

• Yaba is excellent for young professionals and budget travelers. 

• Surulere has a lively vibe and a variety of short-let apartments at different price points. 

• Ogba is another affordable option with convenient access to various parts of Lagos. 

How to Secure a shortlet Apartment in Lagos at the Best Price 

To secure a shortlet apartment at the best price, you should 

• Book early: The earlier you book, the more likely you will find a good deal. 

• Check for discounts: Some property owners offer discounts for more extended stays, such as monthly or weekly rates, so be sure to ask. 

• Avoid peak seasons: Prices tend to rise during holidays or major events, so consider traveling during off-peak periods for better deals. 

Visiting Lagos Nigeria and need a shortlet apartment? Book available shortlet on Dreamfield Nest to enjoy premium services and amenities