All 20 neighborhoods in Lagos ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Agege | $390/mo | 0.65x | -35% |
| 2 | Oshodi | $408/mo | 0.68x | -32% |
| 3 | Festac Town | $432/mo | 0.72x | -28% |
| 4 | Sangotedo | $450/mo | 0.75x | -25% |
| 5 | Ajah | $468/mo | 0.78x | -22% |
| 6 | Amuwo-Odofin | $468/mo | 0.78x | -22% |
| 7 | Surulere | $492/mo | 0.82x | -18% |
| 8 | Ilupeju | $492/mo | 0.82x | -18% |
| 9 | Ogudu | $492/mo | 0.82x | -18% |
| 10 | Maryland | $510/mo | 0.85x | -15% |
| 11 | Yaba | $528/mo | 0.88x | -12% |
| 12 | Ikeja | $540/mo | 0.90x | -10% |
| 13 | Gbagada | $552/mo | 0.92x | -8% |
| 14 | Magodo | $570/mo | 0.95x | -5% |
| 15 | Lekki Phase 2 | $648/mo | 1.08x | +8% |
| 16 | Chevron Drive | $672/mo | 1.12x | +12% |
| 17 | Lekki Phase 1 | $732/mo | 1.22x | +22% |
| 18 | Ikoyi | $780/mo | 1.30x | +30% |
| 19 | Victoria Island | $810/mo | 1.35x | +35% |
| 20 | Banana Island | $870/mo | 1.45x | +45% |
Rent estimates based on city average of $600/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Lagos is Agege, with an estimated 1-bedroom rent of $390/month — 35% below the city average.
The average 1-bedroom rent in Lagos is approximately $600/month. Rents range from $390/mo (Agege) to $870/mo (Banana Island).
Our database covers 20 neighborhoods in Lagos, each with detailed cost-of-living and salary data.