The Cheapest Areas to Live in Lagos

Lagos, Nigeria’s largest city, is a bustling metropolis that offers a vibrant cultural scene, booming business opportunities, and a wide variety of residential options. However, with its rapid urbanization and a high cost of living in some areas, finding affordable places to live in Lagos can be a challenge. Whether you’re a student, young professional, or family on a budget, there are numerous neighborhoods in Lagos that offer affordable housing options without compromising on access to essential amenities.

In this guide, we’ll explore the cheapest areas to live in Lagos, providing insights into affordable housing options, key features, and what makes each neighborhood unique.

1. Ajegunle: The Most Affordable Area in Lagos

Ajegunle is known for being one of the most affordable neighborhoods in Lagos, offering budget-friendly accommodation for those who need to keep living costs low. Despite its reputation as a working-class area, Ajegunle is rich in culture, vibrant street life, and close-knit communities. It is located in the Ajeromi-Ifelodun local government area of Lagos.

If you’re looking for the cheapest places to live in Lagos, Ajegunle is one of your best bets.

Affordable Housing Options: Rent in Ajegunle is significantly lower than in many other Lagos neighborhoods. A one-bedroom apartment can be rented for between ₦150,000 and ₦250,000 annually, while a two-bedroom apartment can cost between ₦250,000 and ₦400,000 per year.

Key Features:

  • Very affordable rent, ideal for those on a tight budget
  • A lively, culturally rich community with local markets, schools, and places of worship
  • Easy access to public transportation connecting to the city center
  • Local amenities such as healthcare centers, schools, and grocery stores

2. Ikotun: Affordable Living with Growing Infrastructure

Ikotun, located in the Alimosho Local Government Area, is another affordable neighborhood in Lagos that offers both residential and commercial properties. This area is popular among working-class individuals and families due to its affordability and growing infrastructure. As one of the more accessible areas in Lagos, Ikotun is seeing rapid growth, making it an attractive choice for those seeking budget-friendly housing.

Affordable Housing Options: Rent prices in Ikotun are very reasonable. A one-bedroom apartment typically rents for ₦150,000 to ₦250,000 annually. Two-bedroom apartments are available for between ₦300,000 and ₦500,000 per year, making it a highly affordable option.

Key Features:

  • Growing infrastructure with new developments and amenities
  • Affordable housing for individuals and families
  • Access to local markets, schools, hospitals, and transportation hubs
  • Proximity to Ikeja, one of Lagos’ central business districts, making commuting easy

3. Agege: Affordable Housing with Convenient Transportation

Agege is a bustling, affordable neighborhood located in the western part of Lagos. Known for its strong community atmosphere and active street life, Agege offers affordable housing options, especially for those who prefer to live in close proximity to Lagos’ commercial and industrial hubs. While Agege is considered one of the more affordable areas in Lagos, it is also home to a rapidly growing population.

Affordable Housing Options: Rent in Agege is relatively low. One-bedroom apartments typically cost ₦150,000 to ₦250,000 annually, while two-bedroom apartments can be rented for ₦300,000 to ₦500,000 per year.

Key Features:

  • Excellent public transportation options connecting to other parts of Lagos
  • A vibrant community with many local markets, schools, and recreational spaces
  • Affordable housing that is ideal for young professionals and families
  • Growing commercial activity in the area, providing job opportunities

4. Ogba: Affordable Yet Central

Ogba, located in the Ikeja area, is a well-established neighborhood in Lagos that provides affordable living with the added benefit of being close to the central business district. This neighborhood is popular among young professionals and families due to its balance between affordability and convenience.

Affordable Housing Options: Rent prices in Ogba are relatively low compared to other central areas in Lagos. One-bedroom apartments typically rent for ₦250,000 to ₦350,000 annually, while two-bedroom apartments can range from ₦400,000 to ₦600,000 per year.

Key Features:

  • Central location with easy access to major roads and commercial centers
  • Affordable living within a well-developed area
  • Proximity to schools, hospitals, and shopping malls
  • Good transportation links, making commuting easier for residents

5. Shomolu: Budget-Friendly Living in a Central Location

Shomolu is a busy, bustling neighborhood in Lagos that offers budget-friendly accommodation options. Known for its proximity to the University of Lagos (UNILAG), Shomolu is a great choice for students and young professionals looking to save on rent while staying close to educational institutions and major commercial centers.

Affordable Housing Options: In Shomolu, rent is affordable for a variety of income levels. A one-bedroom apartment can be rented for between ₦200,000 and ₦300,000 annually. Larger apartments with two or three bedrooms are typically available for ₦350,000 to ₦600,000 per year.

Key Features:

  • Proximity to the University of Lagos, making it ideal for students
  • Easy access to commercial districts like Yaba, which is known for its technology hubs
  • Affordable living options that are within a short commute to many parts of Lagos
  • A vibrant community with markets, schools, and recreational areas

6. Ikeja: Affordable Living Near Lagos’ Business Hub

Although Ikeja is known for being a business hub in Lagos, certain areas within Ikeja offer relatively affordable housing options. As the capital of Lagos State, Ikeja is an attractive location for young professionals and business owners. While parts of Ikeja can be expensive, neighborhoods such as Onigbongbo and Opebi offer affordable living choices.

Affordable Housing Options: Rent in Ikeja is reasonable compared to other central locations in Lagos. One-bedroom apartments in neighborhoods like Onigbongbo are available for ₦300,000 to ₦450,000 per year, while two-bedroom apartments are priced between ₦500,000 and ₦700,000 annually.

Key Features:

  • Central location with easy access to Lagos State Government offices and business districts
  • Well-developed infrastructure, including schools, hospitals, and shopping malls
  • Proximity to the Murtala Muhammed International Airport, making it ideal for frequent travelers
  • Excellent road networks and public transportation options

7. Mushin: Affordable Housing with Rich Cultural Heritage

Mushin is one of Lagos’ oldest and most well-known neighborhoods, providing affordable living with a rich cultural and historical heritage. Although Mushin has a reputation for being a busy, densely populated area, it is a popular choice for individuals and families looking to save on rent without sacrificing access to essential services and transportation.

Affordable Housing Options: Rent in Mushin is among the cheapest in Lagos. A one-bedroom apartment typically rents for ₦150,000 to ₦250,000 annually, while two-bedroom apartments can be found for between ₦300,000 and ₦500,000 per year.

Key Features:

  • Affordable housing for both individuals and families
  • A vibrant, historically significant neighborhood with strong community ties
  • Access to local markets, schools, and healthcare centers
  • Excellent public transportation options, connecting Mushin to other parts of Lagos

8. Bariga: Affordable, Family-Friendly Neighborhood

Bariga, located in the Shomolu Local Government Area, is another affordable neighborhood offering budget-friendly housing. This residential area is ideal for families looking for a quiet and safe environment, while still being close to central commercial hubs like Yaba.

Affordable Housing Options: Rent in Bariga is low, making it a popular choice for young professionals and families. One-bedroom apartments typically rent for ₦180,000 to ₦300,000 annually, while two-bedroom apartments are available for between ₦350,000 and ₦500,000 per year.

Key Features:

  • A calm and family-friendly neighborhood with strong community ties
  • Proximity to key business districts and educational institutions
  • Access to markets, healthcare facilities, and schools
  • Budget-friendly rent for both individuals and families

9. Badagry: Affordable Living with a Coastal Feel

Located on the outskirts of Lagos, Badagry offers a more serene and rural setting with affordable housing options. Known for its historical significance and coastal vibe, Badagry is ideal for people looking for an affordable place to live away from the hustle and bustle of Lagos’ central business areas.

Affordable Housing Options: Rent in Badagry is significantly cheaper than in more central parts of Lagos. A one-bedroom apartment can be rented for between ₦150,000 and ₦250,000 per year, while two-bedroom apartments range from ₦300,000 to ₦500,000 annually.

Key Features:

  • Affordable rent in a quieter, more peaceful setting
  • Rich historical and cultural heritage
  • Access to beaches and outdoor recreational activities
  • Good road links to the city center

Lagos, while known for its high cost of living, offers many affordable neighborhoods for people looking to save on rent. Ajegunle, Ikotun, Agege, Ogba, Shomolu, Ikeja, Mushin, Bariga, and Badagry provide a variety of affordable housing options without compromising access to essential amenities and services. Whether you’re a student, young professional, or family, these neighborhoods offer the perfect balance of affordability, convenience, and quality of life. With Lagos’ growing infrastructure and vibrant economy, these areas will continue to attract residents looking for budget-friendly living in the city.

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