What is the average rent for a 2-bedroom flat in Ikeja, Lagos?

Key Summary

A standard 2-bedroom apartment in Ikeja costs between ₦2.5M and ₦4.5M annually in residential areas like Allen, Opebi, and Ikeja GRA, while newly serviced luxury apartments in gated estates range from ₦5M to ₦8M per year.

### Rent Breakdown for Ikeja, Lagos Ikeja represents the commercial and administrative heart of Lagos State, with pricing varying substantially depending on whether you are looking in Ikeja GRA or neighboring residential corridors. #### 1. Rent by Sub-Area * **Ikeja GRA (Gated & Executive):** ₦6,000,000 – ₦10,000,000 / year (usually serviced with 18-24hr power). * **Allen Avenue & Opebi:** ₦3,000,000 – ₦5,000,000 / year. * **Adeniyi Jones & Agidingbi:** ₦2,200,000 – ₦3,800,000 / year. * **Anifowoshe & Ikeja Central:** ₦1,800,000 – ₦2,800,000 / year. #### 2. Additional Initial Move-In Costs Remember that the first year in Lagos includes standard agency and legal fees: * **Agency Fee:** 10% of annual rent. * **Legal / Agreement Fee:** 10% of annual rent. * **Caution Deposit / Damages:** ₦150,000 – ₦300,000 (refundable). * **Service Charge (if serviced):** ₦600,000 – ₦1,800,000 / year (covers generator diesel, estate security, waste, water treatment). **Total first-year budget needed:** Expect to budget approximately 1.35x of the annual base rent to cover all entry fees.