For Rent · Lekki — All Areas

Property for Rent in Lekki

Ikate Elegushi · Chevron Drive · VGC · Osapa London · Agungi · Igbo-Efon · Ikota · Ajah · Sangotedo. Verified rentals with transparent rents. Inspections within 48 hours.

✓ Verified listings only ₦2.5M – ₦30M / annum Chevron yields 5.85%

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Lekki rental price guide by area

Guide rents based on verified listings across the Lekki corridor in 2026. Chevron Drive currently leads Lagos in gross rental yield at 5.85%. Lekki Phase 1 recorded the strongest five-year rent growth at 35.9% CAGR.

Area	1-Bed	2-Bed	3-Bed	4-Bed Duplex	Gross Yield
Lekki Phase 1	₦7.5M – ₦8.5M	₦10M – ₦15M	₦15.5M – ₦30M	₦21.5M – ₦40M	3.95%
Ikate Elegushi	₦4M – ₦8M	₦8.5M – ₦15M	₦15M – ₦20M	₦25M – ₦35M	5.02%
Chevron Drive	₦4M – ₦5.5M	₦6M – ₦10M	₦8M – ₦15M	₦15M – ₦25M	5.85%
VGC	—	₦6M – ₦8M	₦7M – ₦12M	₦8M – ₦30M	4.5–5.5%
Osapa London	₦3.5M – ₦5M	₦4.5M – ₦7M	₦6.5M – ₦12M	₦12M – ₦20M	4.28%
Ajah	₦1.8M – ₦3M	₦2.5M – ₦4M	₦2.8M – ₦5M	₦5M – ₦12M	5.0–6.0%

Lekki rental areas we cover

Each area below has its own rental price band, renter profile and rental yield. Click through to the area you're interested in, or send us a brief and we'll match across the Lekki corridor.

Highest growth

Lekki Phase 1

Lagos Island's most liquid rental market. 2-bed avg ₦10M/annum. 5-year rent CAGR 35.9%. Broadest renter base, highest transaction volumes.

View Lekki Phase 1 →

Highest yield

Chevron Drive

Lagos' highest gross rental yields at 5.85%. 2-bed flats from ₦6M. 3-bed terraces from ₦8M. Strong investor demand and consistent occupancy.

Ikate Elegushi

Closest Lekki sub-area to Victoria Island. 2-bed serviced apartments from ₦8.5M. 1-bed serviced from ₦8M. Popular with young professionals.

Family favourite

Victoria Garden City (VGC)

Gated estate with 24/7 power, drainage, motorable roads and resident shuttles. 3-bed terrace duplexes from ₦7M. 4-bed from ₦8M. 6-bed detached from ₦30M.

Osapa London

Quiet residential enclave behind Northern Foreshore. Newer builds. 2-bed flats from ₦4.5M. Fully furnished 2-bed at ₦15M. Gross yield 4.28%.

Growth corridor

Ajah & Sangotedo

Lower entry points with strong infrastructure-driven upside. 2-bed flats from ₦2.5M. 3-bed from ₦2.8M. High appreciation and rental yield potential.

Agungi

Established residential area between Lekki Phase 1 and Ikate. Mix of terraces and detached homes. Good rental demand from VI workers.

Igbo-Efon & Ikota

Quiet, well-drained residential pockets. Popular with families and returning diaspora. Lower density than Phase 1. Gross yield at Ikota: 5.02%.

Lekki Phase 2 / Ologolo

Best rental yield per naira spent in Lekki — a duplex here collects about twice the rent per naira of one in Osapa or Chevron. Emerging investor favourite.

Why rent in Lekki

Lekki leads Lagos in rental yields. Chevron Drive posts 5.85% gross yield — well ahead of Ikoyi at 3.09%. Ikota Elegushi delivers 5.02%, Osapa London 4.28%, and Lekki Phase 1 3.95%.
Strongest rental growth. Lekki Phase 1 recorded a five-year rent CAGR of 35.9% — the highest among Lagos Island submarkets. Rents across the Lekki corridor have risen 50–200% in the last 24 months.
Broadest renter base. Young professionals, families, returning diaspora, expatriates and institutional investors. The widest tenant pool on Lagos Island means lower vacancy risk for landlords.

Short-let demand. Lekki leads Nigeria in short-let yields at 26–32% net with 85–95% occupancy. Short-let rates range from ₦40,000 to ₦230,000 per night.
Infrastructure-driven upside. The Lekki Deep Sea Port, Free Trade Zones and new rail links are expected to drive property appreciation 18–35% faster than less connected areas.
Rents run 3.4× Mainland levels. The Lekki corridor commands a premium that has held steady for years and continues to grow as supply tightens and demand expands.

How renting through us works

Send your brief

Name, WhatsApp, preferred area and budget. One minute on your phone.

We match

We send verified Lekki rentals that fit your brief — across all areas, with rents.

Inspect

We arrange and attend the inspection with you. No upfront inspection fee.

Offer & keys

We present your offer, coordinate the tenancy agreement, and hand over keys.

Frequently asked questions

How much is rent for a 2-bedroom apartment in Lekki?

Rents vary significantly by sub-area. In Lekki Phase 1, the average 2-bedroom rent is ₦10 million per annum — the highest in five years. In Ikate Elegushi, average 2-bedroom rent is ₦8.5 million. In Chevron Drive, 2-bedroom flats range from ₦6 million to ₦10 million. In Osapa London, 2-bedroom flats range from ₦4.5 million to ₦7 million. In Ajah, 2-bedroom flats range from ₦2.5 million to ₦4 million. In VGC, a 2-bedroom terrace duplex rents for ₦6 million.

Which area of Lekki has the highest rental yield?

Chevron Drive currently posts the highest gross rental yield in Lagos at 5.85%, according to Stears data. Ikota Elegushi follows at 5.02%, Osapa London at 4.28%, and Lekki Phase 1 at 3.95%. Ikoyi, despite being the most expensive address, delivers the lowest yield at 3.09%. For investors prioritising returns over prestige, Chevron and Ikota are the strongest options.

Is Lekki a good place to rent in 2026?

Yes. Lekki is Lagos Island's most liquid rental market, supported by the broadest renter base and highest transaction volumes. Lekki Phase 1 recorded a five-year rent CAGR of 35.9% — the highest among Lagos Island submarkets. Rents across the Lekki corridor have risen 50–200% in the last 24 months. Short-lets in Lekki deliver 26–32% net yields with 85–95% occupancy.

Do you offer short-lets across Lekki?

Yes. Short-let rates across Lekki range from ₦40,000 to ₦230,000 per night. Average short-let rate for a 1-bedroom mini flat in Lekki is ₦110,000 per night. Serviced 3-bedroom terraced duplexes in U3 Estate are available at ₦120,000 per night. Serviced detached duplexes in Ocean Bay Estate rent for ₦180,000 per night. Minimum stays are typically 2–3 nights.

What agency and legal fees apply on a Lekki rental?

Agency fee is 10% of annual rent per LASRERA cap. Legal fee is 10% of annual rent. A caution deposit of 5–10% of annual rent is also standard. Service charges vary from ₦500,000 to ₦5 million per annum depending on the estate and facilities. All fees are disclosed in writing before you inspect. You will never be asked for an upfront inspection fee.

Do you cover all Lekki areas or just Lekki Phase 1?

We cover all Lekki areas — Phase 1, Phase 2, Ikate Elegushi, Chevron Drive, Chevy View, VGC, Osapa London, Agungi, Igbo-Efon, Ikota, Ajah, Sangotedo and surrounding estates. Our Lekki Phase 1 page focuses specifically on the Phase 1 micro-market; this page covers the broader Lekki corridor.