All 20 neighborhoods in Lagos ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Banana Island | $870/mo | 1.45x | +45% |
| 2 | Victoria Island | $810/mo | 1.35x | +35% |
| 3 | Ikoyi | $780/mo | 1.30x | +30% |
| 4 | Lekki Phase 1 | $732/mo | 1.22x | +22% |
| 5 | Chevron Drive | $672/mo | 1.12x | +12% |
| 6 | Lekki Phase 2 | $648/mo | 1.08x | +8% |
| 7 | Magodo | $570/mo | 0.95x | -5% |
| 8 | Gbagada | $552/mo | 0.92x | -8% |
| 9 | Ikeja | $540/mo | 0.90x | -10% |
| 10 | Yaba | $528/mo | 0.88x | -12% |
| 11 | Maryland | $510/mo | 0.85x | -15% |
| 12 | Surulere | $492/mo | 0.82x | -18% |
| 13 | Ilupeju | $492/mo | 0.82x | -18% |
| 14 | Ogudu | $492/mo | 0.82x | -18% |
| 15 | Ajah | $468/mo | 0.78x | -22% |
| 16 | Amuwo-Odofin | $468/mo | 0.78x | -22% |
| 17 | Sangotedo | $450/mo | 0.75x | -25% |
| 18 | Festac Town | $432/mo | 0.72x | -28% |
| 19 | Oshodi | $408/mo | 0.68x | -32% |
| 20 | Agege | $390/mo | 0.65x | -35% |
Rent estimates based on city average of $600/mo adjusted by neighborhood cost index. Index 1.00 = city average.
Sponsored
Open a multi-currency account to manage NGN and your home currency. No hidden fees, real exchange rate.
Open a Wise Account →The most expensive neighborhood in Lagos is Banana Island, with an estimated 1-bedroom rent of $870/month — 45% above the city average.
Banana Island is approximately 45% more expensive than the Lagos average. 1-bedroom rent is $870/mo vs $600/mo city-wide.
Our database covers 20 neighborhoods in Lagos, each with detailed cost-of-living and salary data.