5 Cheapest Areas to Live in Lagos in 2026

As rent prices continue to rise across many parts of Lagos, some neighbourhoods still offer relatively affordable accommodation for workers, students, and young families. While prices vary depending on the type of apartment and exact location, these areas are generally considered among the more budget-friendly places to live in Lagos in 2026.

1. Ikorodu
   Ikorodu remains one of the most affordable locations in Lagos State. The area offers a wide range of apartments, including self-contained units, mini-flats, and two-bedroom apartments. Why it is affordable
   Large supply of residential buildings

Lower land costs compared to central Lagos

Good road connections to other parts of the state.

Estimated rent: ₦250,000 – ₦700,000 per year for many standard apartments.

2. Ijegun
   Located in the Alimosho axis, Ijegun attracts residents looking for lower rent while staying within mainland Lagos. Why people choose it
   Relatively affordable housing
   Growing commercial activity
   Access to Isolo and Oshodi

Estimated rent: ₦300,000 – ₦800,000 yearly.

3. Agbado / Ijaiye
   Although close to the Ogun State border, Agbado and Ijaiye remain popular among Lagos workers seeking cheaper accommodation. Key advantages
   Lower rental rates
   Availability of self-contained apartments
   Access to the Lagos-Abeokuta corridor Estimated rent: ₦250,000 – ₦650,000 yearly.
4. Badagry
   Badagry offers some of the lowest housing costs within Lagos State, though commuting to central business districts can take longer. Why rents stay low
   Distance from major commercial hubs
   Less competition for housing
   Growing but still developing residential market

Estimated rent: ₦200,000 – ₦600,000 yearly.

5. Epe
   Epe has become increasingly attractive due to ongoing development projects, yet many parts of the town still offer relatively affordable rents. Why it is attractive
   Emerging development corridor
   More spacious apartments
   Quieter residential environment Estimated rent: ₦250,000 – ₦700,000 yearly.

Conclusion

For residents prioritising the lowest possible rent, Badagry and Agbado/Ijaiye are usually the cheapest options. For those seeking a better balance between affordability and access to the rest of Lagos, Ikorodu remains one of the strongest choices in 2026.