How much is average rent in Banana Island, Lagos?

Key Summary

Annual rent in Banana Island typically averages ₦10M – ₦15M for single professionals and self-contained/mini flats, and ₦15M – ₦25M for standard 2 to 3-bedroom family apartments in secure estates.

### Living & Rent Overview for Banana Island, Lagos The most expensive square meter in Africa. Banana Island is the global benchmark for Nigerian prosperity. #### Rent Estimates by Household Type * **Single Professional / Studio:** ₦10M – ₦15M per year. * **Couple / 2-Bedroom Flat:** ₦15M – ₦25M per year. * **Family / 3-4 Bedroom Duplex:** ₦30M – ₦70M+ per year. #### Cost of Living & Safety Score * **Cost Index:** Elite Exclusive * **Safety Rating:** 10 / 10 * **Commute & Mobility:** Ultra-Private > **Explore Guide:** For full breakdown of schools, vibe spots, and local grocery costs, inspect our complete [Banana Island Neighbourhood Guide](/living-in/lagos/banana-island).