Surulere is one of Lagos’ most vibrant and centrally located neighborhoods, known for its lively atmosphere, busy commercial roads, and easy access to major parts of the city.
With a mix of residential areas, markets, entertainment spots, and good transport links, it’s a popular choice for young professionals and students looking for convenience and an active lifestyle.
Understanding the cost of living in Surulere is especially important for single individuals who want to plan their budget wisely. Whether you’re renting your first apartment, managing your monthly expenses, or deciding if Surulere fits your lifestyle, knowing what to expect helps you make informed financial decisions and avoid surprises.
Average Rent in Surulere for Singles
Surulere offers a wide range of housing options, making it one of the more flexible places to live in Lagos for single individuals. Rent prices vary depending on the specific area, proximity to major roads, and the overall condition of the apartment.
Studio Apartments:
Studio apartments in Surulere are relatively affordable and are a good fit for singles who want privacy without spending too much. On average, studio apartments cost ₦250,000 – ₦500,000 per year, depending on the neighborhood and building quality.
One-Bedroom Apartments (Self-Contain or Mini-Flat):
A one-bedroom apartment gives you more space and comfort. In most parts of Surulere, you can expect to pay around ₦400,000 – ₦800,000 per year. Areas closer to major roads like Bode Thomas, Ogunlana Drive, and Akerele tend to be on the higher side.
Budget Tip:
If you’re on a tight budget, renting a shared apartment can save a significant amount, often cutting your housing cost by nearly half. Many young professionals opt for shared flats, especially around Ojuelegba, Aguda, and Shitta, where prices are more affordable.
Food and Grocery Expenses
Food costs in Surulere are generally moderate, and single individuals can manage their monthly spending comfortably with proper planning. Your monthly food expenses will largely depend on whether you prefer cooking at home or eating out frequently.
Typical Monthly Grocery Cost:
For a single person, groceries in Surulere typically range from ₦35,000 to ₦60,000 per month. This includes essentials such as rice, pasta, vegetables, protein, snacks, and household items. Shopping in local markets often reduces the overall cost compared to supermarkets.
Eating Out vs. Cooking at Home:
Surulere has plenty of restaurants, fast-food spots, and bukas, offering meals at different price points.
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Eating out regularly can cost ₦1,500 to ₦4,000 per meal, depending on the location.
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Cooking at home is often more cost-effective and can cut your monthly food expenses by almost half. Many singles prefer meal prepping to save both time and money.
Popular Markets and Budget-Friendly Stores:
Surulere has several affordable places to shop for groceries and fresh produce.
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Aguda Market and Ojuelegba Market are great for budget-friendly food items.
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Spar and Justrite offer packaged goods and household essentials at reasonable prices.
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Smaller neighborhood shops also provide quick access to everyday items without the higher prices of large supermarkets.
Transportation Costs
Getting around Surulere is relatively easy thanks to the wide range of transportation options available. Whether you prefer public transport or ride-hailing services, you can find choices that fit different budgets.
Public Transport Options:
Surulere is well-connected to other parts of Lagos through:
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Danfo buses: The most common and affordable option for short routes.
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BRT/LAGBUS: Available on selected major routes and ideal for longer trips.
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Okada (motorcycles): Convenient for short, time-sensitive trips, though usually more expensive than buses.
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Keke (tricycles): Common within inner streets and residential areas.
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Uber/Bolt: More comfortable for longer commutes or late-night movement, with higher costs.
Approximate Monthly Commuting Costs:
Your monthly transportation expenses will depend on how often you move around and the type of transport you choose:
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Public transport only:
Expect to spend around ₦15,000 – ₦25,000 per month if you use danfo, keke, and occasional BRT rides for regular work or school commutes. -
Mixed transport (public + occasional Uber/Bolt):
Many singles use public transport on weekdays and ride-hailing services on weekends or rainy days. This usually costs ₦25,000 – ₦45,000 per month. -
Ride-hailing services only (Uber/Bolt):
If you rely mainly on Uber or Bolt, monthly costs can range from ₦60,000 – ₦120,000, depending on distance and surge pricing.
Utilities and Internet
Utilities in Surulere are fairly manageable for a single person, although costs can vary depending on your lifestyle and electricity usage. While some apartments include basic utilities in the rent, most require tenants to handle their own bills.
Electricity, Water, and Gas Costs:
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Electricity: Most residents use prepaid meters. A single individual typically spends ₦8,000 – ₦15,000 per month, depending on how often appliances like fans, air conditioners, and refrigerators are used.
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Water: Many houses rely on borehole systems, so water is often free or included in service charges. Where water fees apply, expect around ₦1,000 – ₦3,000 monthly.
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Cooking Gas: A 6kg–12kg refill usually costs ₦4,000 – ₦9,000, which can last between 4 to 8 weeks for a single person.
Internet Plans and Mobile Data Costs:
Reliable internet is essential for work, streaming, and social media. Surulere has solid coverage from major network providers.
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Home Wi-Fi Plans: Providers like FiberOne, IPNX, and Smile offer plans ranging from ₦8,000 – ₦15,000 per month, depending on speed.
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Mobile Data: MTN, Airtel, and Glo data plans typically cost ₦3,000 – ₦6,000 per month for moderate users who browse, stream occasionally, and use social apps daily.
Overall, singles living in Surulere can expect their total utilities and internet expenses to fall within ₦12,000 – ₦25,000 monthly, depending on usage habits.
Lifestyle and Entertainment
Surulere is known for its lively social scene, offering plenty of places to relax, exercise, and hang out. Whether you enjoy fitness, movies, or casual outings with friends, there’s something for every budget.
Gyms and Fitness Centers:
Surulere has several gyms with flexible membership plans.
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Most gyms charge ₦10,000 – ₦20,000 per month, depending on the facility and equipment quality.
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Cheaper options and community fitness classes can be found in areas like Aguda and Shitta.
Cinemas:
The popular Filmhouse Cinema in Surulere offers an affordable movie experience.
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Average ticket prices range from ₦2,500 – ₦4,000, depending on the day and type of movie.
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Midweek promos and student discounts help you save money.
Bars and Restaurants:
Surulere has a mix of trendy restaurants, lounges, bukas, and fast-food spots.
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Eating at casual restaurants typically costs ₦2,000 – ₦4,500 per meal.
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Local bukas offer more affordable meals from ₦700 – ₦1,500.
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Drinks at lounges and bars usually cost ₦1,000 – ₦3,500, depending on the brand and location.
Budget-Friendly Tips:
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Try weekday movie deals instead of weekend peak hours.
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Explore local bukas for tasty meals at lower prices.
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Look out for gyms that offer quarterly or annual discounts instead of monthly payments.
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Visiting free or low-cost spaces like open parks, social events, and community hangouts can help you enjoy Surulere without overspending.
Monthly Cost Summary for a Single Person in Surulere
To give you a clearer picture of what it costs to live comfortably as a single person in Surulere, here’s a simple breakdown of estimated monthly expenses. Actual costs may vary based on lifestyle, neighborhood choice, and spending habits.
| Expense | Cost (NGN) |
|---|---|
| Rent (monthly equivalent) | 100,000 – 200,000 |
| Food | 40,000 – 60,000 |
| Transport | 20,000 – 30,000 |
| Utilities & Internet | 15,000 – 25,000 |
| Entertainment | 10,000 – 20,000 |
| Total Estimated Cost | 185,000 – 335,000 |
These estimates help you plan a realistic budget whether you’re moving to Surulere for work, school, or convenience.
Conclusion
Living in Surulere as a single person can be both comfortable and affordable when you understand the typical expenses and plan your budget wisely. By tracking your spending, choosing cost-effective options, and prioritizing essential needs, you can enjoy the convenience and vibrant lifestyle the area offers without overshooting your budget.
Keep in mind that actual living costs will vary depending on your personal habits, housing choices, and how often you eat out or use ride-hailing services. Use the estimates in this guide as a starting point to create a budget that fits your lifestyle.
If you found this guide helpful for planning your move to Surulere or understanding living expenses, share it with others who might need it!
Frequently Asked Questions
How affordable is Surulere for a single person compared to other major areas in Lagos?
Surulere stands out as one of the most affordable and balanced residential areas in Lagos, especially for single individuals who want to enjoy the convenience of city life without dealing with the extremely high costs associated with premium locations.
When compared to areas such as Lekki, Victoria Island, Ikoyi, or even upscale zones in Ikeja, Surulere provides a more budget-friendly environment while still offering access to essential amenities, career opportunities, and recreation.
The rental market in Surulere is one of its major strengths, as the variety of housing options allows singles with different income levels to find something suitable.
You can choose between shared apartments, self-contained units, studio flats, or one-bedroom apartments, all at prices that are significantly lower than what you would find on Lagos Island.
Another factor that makes Surulere more affordable is its strong internal structure. Unlike some parts of Lagos where residents must travel long distances to access basic services, almost everything you need is within reach.
Markets, supermarkets, pharmacies, fitness centers, eateries, banks, and entertainment spots are all conveniently located. This reduces transportation costs, which is a major budget concern for many single residents in Lagos.
Surulere’s location also means easier commuting to nearby neighborhoods such as Yaba, Apapa, Mushin, and even Lagos Island through multiple bus routes and ride-hailing services. The central positioning naturally cuts down on the time and money spent on movement.
Feeding expenses are also manageable in Surulere. Local markets like Aguda and Lawanson offer fresh goods at fair prices, while supermarkets help with more structured shopping.
Eating out is relatively cheap as well, with numerous bukas, casual eateries, and affordable restaurants spread across the area. Utilities and internet costs follow a similar trend.
While electricity stability varies by street, the prevalence of prepaid meters gives single occupants more control over consumption and helps prevent excessive spending.
Finally, Surulere’s entertainment options are diverse but affordable. Whether you enjoy the cinema, gym, lounges, or local hangouts, you can always find options that match your budget.
The neighborhood remains one of the few areas in Lagos where you get a good blend of affordability, convenience, and lifestyle richness. This makes it a top choice for singles seeking a comfortable yet financially manageable place to live.
What factors influence the cost of living for a single person in Surulere?
The cost of living for a single person in Surulere is shaped by several interconnected factors, and understanding these influences can help individuals create a realistic and effective budget.
Housing is the biggest contributor, as rent tends to take up a large portion of monthly or yearly expenses. The type of apartment you choose plays a huge role in determining your costs.
A self-contained unit, one-bedroom apartment, or studio will generally require a higher financial commitment than a shared apartment. Location within Surulere also matters; areas around Bode Thomas, Ogunlana Drive, or Adeniran Ogunsanya are more expensive than quieter or inner streets like Shitta or Ijeshatedo.
Lifestyle choices are another major influence. A single person who cooks regularly, uses public transport, and prefers low-cost entertainment will spend significantly less each month than someone who eats out daily, goes out frequently, or relies heavily on ride-hailing services. Your habits determine whether your cost of living remains moderate or becomes expensive over time.
Transportation is also a significant factor. Surulere’s central location can reduce commuting costs, particularly for individuals who work around Yaba, Mushin, or the Lagos Mainland.
However, those who work on the Island may experience higher daily transport expenses depending on their travel route and preferred transport mode. Taking danfo buses or BRT systems is cheaper, while using Uber or Bolt frequently can raise overall living costs quickly.
Utility expenses also shape monthly budgets. Electricity consumption varies by lifestyle. Someone who works from home or uses appliances like air conditioners may spend more than someone who is often outdoors or uses fewer devices. The same applies to cooking gas and water expenses, though these tend to be relatively moderate.
Internet usage is another factor that influences cost of living. Individuals who work remotely or stream frequently may require a home broadband plan, while others may manage comfortably with mobile data subscriptions.
Personal habits such as gym memberships, grooming costs, shopping, and social engagement further contribute to overall expenses. Even digital subscriptions, occasional treats, and impulse purchases play a role in how expensive life becomes.
In summary, the cost of living for a single person in Surulere is influenced by housing, lifestyle habits, transportation choices, utilities, food preferences, and personal spending patterns. While the area offers many affordable options, your choices ultimately determine your total monthly budget.
Is renting a shared apartment in Surulere a good option for single individuals on a budget?
Renting a shared apartment in Surulere is one of the most practical and beneficial options for single individuals who want to reduce housing costs while still enjoying the advantages of living in a vibrant and well-connected neighborhood.
Shared apartments significantly reduce financial pressure because rent, utilities, and sometimes even internet bills are split among occupants.
This makes it much easier for students, interns, new employees, and young professionals to afford comfortable accommodation without sacrificing too much of their income.
Beyond cost savings, shared apartments offer flexibility. Most single-occupancy apartments in Lagos require one to two years’ rent upfront, which can be overwhelming for individuals with limited savings or those transitioning into new jobs. S
hared housing arrangements often allow shorter-term agreements, monthly payments, or more manageable rent structures. This flexibility is extremely helpful for people who prefer not to commit large sums of money at once.
Another advantage is convenience. Shared apartments are often partially or fully furnished, meaning you may not need to spend money on basic items like furniture, kitchen appliances, or cooking utensils.
These initial savings allow you to settle into Surulere with minimal stress and lower setup costs. Utilities such as prepaid meters, kitchen gas setups, and broadband internet may already be installed, reducing your upfront expenses.
However, while shared accommodation is cost-effective, it requires careful consideration of compatibility. Living with others means respecting boundaries, sharing responsibilities, and adjusting to different habits.
Cleanliness standards, noise levels, and daily routines must be considered when choosing roommates. A good understanding between tenants ensures a peaceful and stress-free living experience.
Shared apartments also provide social benefits. Many singles enjoy the sense of companionship, networking opportunities, and support systems that come from living with others.
Surulere’s diverse population means you could share accommodation with people from different backgrounds, industries, or lifestyles, which can enrich your social and professional development.
Overall, renting a shared apartment in Surulere is an excellent choice for single individuals seeking affordability, flexibility, convenience, and a rich social environment. It is one of the most effective ways to enjoy Surulere’s accessibility while keeping expenses low.
How can a single person reduce monthly expenses while living in Surulere?
A single person can significantly reduce monthly expenses in Surulere by adopting practical and intentional cost-saving habits. The first step is managing housing costs.
Choosing a shared apartment or a modestly priced self-contain unit can cut rent expenses dramatically. Selecting neighborhoods that are less commercial but still safe and accessible, such as Aguda, Shitta, or Ijeshatedo, helps reduce rent without compromising convenience.
Food is another major expense that can be optimized. Cooking at home instead of eating out frequently is a reliable way to save money. Local markets offer affordable ingredients, and meal prepping can help avoid impulsive food purchases. Preparing meals in bulk also saves time and reduces daily spending.
Transportation costs can also be reduced with thoughtful planning. Instead of relying heavily on Uber or Bolt, a single person can make use of cheaper public transport such as danfo buses, keke, or BRT where available.
Structuring your outings, combining errands into fewer trips, and avoiding peak traffic times can reduce transport expenses significantly.
Utilities are another area where savings can be made. Using prepaid electricity meters helps track consumption and prevents unexpected high bills. Turning off appliances when not in use, choosing energy-efficient devices, and minimizing the use of high-consumption items like air conditioners can keep electricity costs reasonable.
Internet expenses can be managed by selecting the right plan. Some individuals benefit more from mobile data bundles rather than home broadband, especially if they do not work remotely or stream heavily. Conversely, those who work online may find unlimited broadband more cost-effective in the long run.
Keeping entertainment and leisure spending under control also helps. While Surulere offers many fun activities, choosing budget-friendly options such as public parks, community events, and low-cost eateries can help maintain a balanced lifestyle without overspending.
Small habits like buying household supplies in bulk, avoiding impulse shopping, and prioritizing needs over wants contribute significantly to financial stability. In summary, reducing expenses requires the right combination of housing choices, food planning, transport discipline, utility management, and mindful spending habits.
What makes Surulere a convenient location for single working professionals?
Surulere’s remarkable convenience for single working professionals comes from its central location, rich amenities, diverse housing options, and lively social scene.
Positioned at the heart of Lagos Mainland, Surulere provides easy access to key business districts such as Yaba, Apapa, Ikeja, and even the Island through major connecting roads.
This means professionals can commute more easily, spend less time in traffic, and manage transport costs more effectively compared to those living in distant neighborhoods.
The area’s abundance of amenities also makes life easier for busy individuals. Everything from supermarkets, pharmacies, clinics, restaurants, gyms, and markets to entertainment centers is close by.
This reduces the need for long-distance travel to get basic necessities, saving both money and time. The convenience of having essential services within walking or short commuting distance is one of the reasons Surulere is highly sought after.
Housing options in Surulere cater to various budgets and preferences. Whether a single professional prefers a self-contain, a studio apartment, a one-bedroom flat, or a shared apartment, the area offers plenty of choices. Shared apartments, in particular, provide an affordable entry point for those who want to live comfortably without spending excessively.
Another advantage is the community-oriented atmosphere in Surulere. Many parts of the neighborhood have organized security systems, active resident associations, and well-established local networks. This creates a sense of safety and belonging that many single professionals appreciate.
Surulere’s social and recreational offerings also contribute to its convenience. Gyms, cinemas, sports centers, lounges, and restaurants give professionals multiple ways to unwind after work or spend weekends without leaving the area. The neighborhood is vibrant yet structured, combining urban energy with residential calm.
Overall, Surulere supports a balanced lifestyle by offering accessibility, affordability, comfort, and convenience—qualities that make it one of the best locations for single working professionals in Lagos.
Which area is best to live in Surulere?
Surulere is a large and diverse neighborhood in Lagos, offering various residential areas that cater to different lifestyles, budgets, and preferences. The “best” area depends on what you value most—proximity to work, access to amenities, safety, or affordability.
For single professionals, neighborhoods like Shitta, Aguda, and Ijeshatedo are particularly popular because they offer a balance between affordable rent and convenient access to public transport, markets, and entertainment spots.
These areas are relatively quieter compared to the more commercial zones yet remain well-connected to Lagos’ business hubs such as Yaba, Ojuelegba, and Lagos Island.
Bode Thomas, Adeniran Ogunsanya, and Ojuelegba are considered more lively and central parts of Surulere, attracting young professionals and students.
These areas have better access to gyms, restaurants, and bars, making them ideal for singles who enjoy a vibrant social life. However, they are slightly more expensive compared to inner streets. Rent tends to be higher in these zones, but the convenience and lifestyle amenities often justify the extra cost for many residents.
Safety and security also influence which areas are considered the best. Surulere has some streets with organized residential associations and regular neighborhood watch programs, providing a more secure living environment.
Streets such as Shitta and Lawanson often fall into this category. Additionally, areas near major roads or commercial centers tend to have better street lighting and easier access to transportation, which adds to convenience for daily commuting.
For families or individuals looking for a more peaceful environment, streets slightly away from busy commercial corridors can be ideal. These locations provide a more residential feel with fewer traffic jams and noise, while still allowing access to markets, schools, and healthcare facilities.
In conclusion, the best area to live in Surulere depends on your priorities. For affordability and quieter residential living, Aguda, Shitta, and Ijeshatedo stand out. For social life, convenience, and centrality, Bode Thomas, Ojuelegba, and Adeniran Ogunsanya are excellent choices. Each area offers a mix of housing options and amenities that cater to the diverse needs of singles, professionals, and families living in Surulere.
How much is shop rent in Surulere?
The cost of renting a shop in Surulere varies significantly depending on location, size, and the type of business you plan to run. Surulere’s commercial hubs, such as Ojuelegba, Adeniran Ogunsanya, and Bode Thomas, generally have higher rents due to heavy foot traffic, better visibility, and proximity to other businesses.
In these high-demand areas, monthly shop rents can range from ₦80,000 to ₦300,000, depending on the size of the shop and its condition.
Smaller shops or kiosks in residential streets or quieter areas typically cost between ₦40,000 and ₦100,000 per month. These are ideal for small-scale retail, food stalls, or service-based businesses that do not rely heavily on walk-in traffic. These areas often attract entrepreneurs who prioritize lower rent while still maintaining access to a local customer base.
The size of the shop also plays a critical role in determining rent. A standard 10–15 square meter retail unit will cost significantly less than a larger 50–100 square meter commercial space.
Shops with additional facilities such as storage space, water supply, and electricity backup may also attract higher rent. Shops located on major intersections or near bus stops and schools are particularly valuable due to high visibility and consistent customer flow.
Other considerations include the type of tenancy arrangement. Some landlords require one or two years of upfront payment, which can increase the effective monthly cost when calculating cash flow. Negotiation is possible, especially for long-term leases or for businesses that are willing to commit to multiple years.
Overall, shop rent in Surulere is generally more affordable than similar commercial spaces on Lagos Island or Victoria Island, making it an attractive location for startups and small businesses. With strategic location selection and proper negotiation, entrepreneurs can find shops that fit their budget and business needs.
How much is a plot of land in Surulere Lagos?
The price of land in Surulere depends on its location, size, zoning, and proximity to commercial or residential hubs. Surulere has a mix of residential and commercial plots, and land in high-demand areas like Ojuelegba, Bode Thomas, and Adeniran Ogunsanya is usually more expensive due to accessibility, development potential, and infrastructure availability.
Currently, a standard 450–500 square meter plot in these prime areas can cost between ₦25 million and ₦50 million, depending on the exact location and whether it has been properly surveyed or has land title documents.
Residential plots in quieter areas such as Shitta, Aguda, or Ijeshatedo are more affordable, ranging from ₦10 million to ₦20 million for similar sizes. These areas are more suitable for building single-family homes, self-contained units, or small apartments.
Land in these zones tends to be less congested, and purchasing is often simpler because there are fewer complications with ownership verification compared to prime commercial areas.
Several factors influence land prices in Surulere. Access to major roads, availability of utilities like electricity and water, proximity to schools, markets, and commercial centers all increase land value. Plots that are fully titled, surveyed, and have proper documentation are always more expensive but provide security and ease of development.
Additionally, future urban development and government projects can affect land value. Surulere continues to see upgrades in infrastructure, which tends to push prices higher over time. Investors often choose Surulere because of its central location, high demand for housing, and potential for property appreciation.
In summary, the cost of a plot of land in Surulere can vary widely from ₦10 million in quieter residential areas to ₦50 million in prime commercial or highly accessible zones, with size, documentation, and development potential being key determinants of price.
Is rent expensive in Lagos?
Rent in Lagos is generally considered expensive compared to most other cities in Nigeria due to the high demand for housing, limited supply of well-structured apartments, and concentration of economic activities in certain areas.
The cost of renting depends heavily on the neighborhood, type of accommodation, and size of the property. Prime areas like Victoria Island, Ikoyi, Lekki Phase 1, and Lagos Island are among the most expensive, with one-bedroom apartments often ranging from ₦800,000 to ₦2 million per year, while larger apartments or duplexes can cost multiple millions annually.
Mainland areas like Surulere, Yaba, and Ikeja are comparatively more affordable, though prices have been rising steadily due to urban development and the influx of professionals and students.
In Surulere, a one-bedroom self-contained apartment may cost between ₦100,000 and ₦200,000 per month, while shared apartments or studios can be more budget-friendly.
Rent for single rooms or shared flats in quieter streets may be as low as ₦50,000 per month, offering an affordable option for students and entry-level workers.
Factors that contribute to high rent in Lagos include population density, limited available land, security concerns, infrastructure quality, and proximity to business and commercial hubs.
Areas with better road networks, security, and amenities naturally command higher prices. Landlords also factor in the overall demand for residential units, especially in central locations with easy access to jobs, schools, and social amenities.
Utilities, service charges, and furnished accommodations further increase the effective cost of rent. For example, apartments with reliable water supply, standby generators, or security services tend to be more expensive. Long-term leasing also sometimes requires upfront payment for one or two years, adding to the financial burden.
Overall, while Lagos is expensive, Mainland neighborhoods like Surulere and Ikeja offer relatively affordable options, particularly for singles, students, and entry-level professionals who are willing to compromise on luxury for accessibility and convenience.
What is the cheapest place to live in Lagos?
The cheapest places to live in Lagos are typically located on the outskirts of the mainland or in less commercially dense areas. Neighborhoods such as Ikorodu, Agege, Abule Egba, and some parts of Amuwo-Odofin offer affordable housing options for individuals and families.
Rent in these areas can be as low as ₦30,000 to ₦80,000 per month for self-contained apartments or shared flats, making them accessible for low-income earners and students.
These locations tend to have fewer entertainment and luxury amenities compared to central neighborhoods but provide essential services like markets, schools, and transport links.
Surulere, while more central, has pockets of affordability in streets like Shitta, Aguda, and Ijeshatedo, where single individuals can find reasonably priced apartments.
These areas balance low rent with convenient access to Lagos’ major roads and public transport. The trade-off usually involves slightly older buildings or less modern infrastructure, but the proximity to commercial hubs, offices, and social amenities makes them appealing.
Living in cheaper areas often requires careful planning around commuting and lifestyle. Transportation may add to monthly costs if you work in central business districts like Lagos Island or Victoria Island.
Many residents offset this by choosing neighborhoods near bus stops, train stations, or BRT routes to reduce travel time and expenses.
Additionally, affordable neighborhoods often have strong community networks and local markets, allowing residents to maintain a decent lifestyle without spending excessively on groceries, utilities, or leisure.
While these areas may lack premium facilities, they serve as practical and economically sustainable living options for singles, students, and entry-level professionals.
In summary, the cheapest places to live in Lagos include Ikorodu, Agege, Abule Egba, Amuwo-Odofin, and select affordable streets in Surulere, offering low rent, basic amenities, and strategic access to transport and markets.
What is Surulere known for?
Surulere is one of the most vibrant and historically significant neighborhoods in Lagos, recognized for its mix of residential, commercial, and entertainment activities.
It is widely known as a cultural and sports hub, as it houses several important landmarks and venues. The National Stadium in Surulere is one of the most iconic structures in Nigeria, hosting football matches, athletic competitions, and large-scale events. This makes Surulere a central location for sports enthusiasts and professionals involved in athletic and entertainment industries.
Another aspect Surulere is famous for is its accessibility and centrality. The area connects Lagos Mainland with major commercial hubs and transport routes, making it a strategic location for businesses, students, and working professionals.
Its streets, like Bode Thomas and Adeniran Ogunsanya, are lively with commercial activities, banks, shops, restaurants, and transport hubs, making it convenient for residents to access daily necessities.
Surulere is also culturally rich. It has a strong connection to Nigeria’s entertainment industry, historically serving as a hub for theaters, cinemas, and music production studios.
The neighborhood has a reputation for being youthful and dynamic, attracting students, young professionals, and creatives. Markets like Aguda Market and street vendors provide affordable goods and food, adding to the lively local economy and community engagement.
Additionally, Surulere is known for its residential diversity. It accommodates both single professionals and families with different income levels. From self-contained apartments to more luxurious flats, the area offers flexible housing options that appeal to a wide demographic.
Its unique combination of affordability, centrality, and lifestyle amenities makes it one of Lagos’ most sought-after neighborhoods for residents who want a balance between work, social life, and convenience.
Overall, Surulere is celebrated for sports, culture, entertainment, accessibility, and residential versatility. Its reputation as a central, lively, and affordable part of Lagos makes it attractive for singles, students, and young professionals seeking an active urban lifestyle.
Where is the cheapest place to rent a house in Lagos?
The cheapest areas to rent a house in Lagos are typically located in mainland or suburban neighborhoods that are less commercialized. Places like Ikorodu, Agege, Abule Egba, and Amuwo-Odofin consistently offer some of the most affordable rental options in the city.
Rent in these areas can range from ₦30,000 to ₦80,000 per month for self-contained apartments or shared flats, making them accessible to students, entry-level professionals, and low-income earners.
Within Surulere, affordability can also be found in certain streets such as Shitta, Aguda, and Ijeshatedo. These streets have older buildings and smaller apartments, which typically cost less than units located on major roads or commercial hubs. Choosing these streets allows residents to enjoy centrality and access to public transport while minimizing housing expenses.
Cheaper rental areas often require some compromises. Infrastructure may not be as modern, and traffic congestion can be higher during peak hours. However, proximity to markets, bus stops, and local services ensures that residents can maintain a comfortable lifestyle without overspending.
Many singles and young professionals who prioritize affordability and accessibility choose these neighborhoods over more expensive areas like Victoria Island, Lekki, or Ikoyi.
Transportation planning is key when living in cheaper locations. While rent is lower, commuting to commercial centers may add to monthly expenses. Strategic choices, such as living near bus routes, BRT stations, or train stations, can mitigate these costs. Despite these challenges, the overall cost of living remains significantly lower than in premium neighborhoods.
In summary, the cheapest places to rent in Lagos include Ikorodu, Agege, Abule Egba, Amuwo-Odofin, and select streets in Surulere. These areas offer low rent, access to basic amenities, and functional community networks, making them ideal for budget-conscious residents.
How much is shop rent in Yaba?
Yaba, being a major commercial and technology hub on Lagos Mainland, commands higher shop rents compared to some other mainland neighborhoods, although it is generally more affordable than Lagos Island.
Shop rent in Yaba depends on location, size, and visibility. Areas near Yaba College of Technology, Sabo, and commercial streets like Herbert Macaulay are highly sought after due to high foot traffic and proximity to students, offices, and small businesses.
Small shops or kiosks in secondary streets can cost between ₦50,000 and ₦120,000 per month, while larger commercial units on main streets or corners may range from ₦150,000 to ₦400,000 per month. Premium units with extra facilities such as electricity backup, security, and storage spaces may attract even higher rents.
The size of the shop plays a significant role in rent determination. A compact 10–15 square meter unit will be much cheaper than a 50–100 square meter shop suitable for larger businesses or retail stores. Shops near transportation hubs, bus stops, and universities usually command higher prices because of guaranteed customer flow.
Additionally, the type of tenancy agreement can affect cost. Many landlords in Yaba require one or two years’ rent upfront, especially for shops on prime streets. Negotiating a longer lease or opting for slightly less visible locations can reduce monthly expenses while still offering a profitable business opportunity.
Overall, Yaba is an attractive area for entrepreneurs because it offers exposure, accessibility, and a mix of small and medium-sized shop options. Rent varies widely depending on location and size, ranging from ₦50,000 in quieter streets to ₦400,000 for prime units, making it possible for small and medium businesses to find suitable shops that match their budgets.
How much will it cost to build a 20-room hotel in Nigeria 2025?
The cost of constructing a 20-room hotel in Nigeria in 2025 depends on several factors, including location, quality of materials, labor, design, amenities, and size of each room.
In general, a mid-range hotel with basic facilities such as a reception area, dining space, and parking lot would likely cost between ₦200 million and ₦400 million. This estimate assumes average quality construction with standard finishing materials and local labor.
High-end hotels with luxury features, air-conditioned rooms, modern plumbing, elevators, landscaped grounds, and quality furnishings can cost substantially more, potentially reaching ₦500 million or higher.
Location also matters significantly. Building in prime areas such as Victoria Island, Lekki, or Surulere increases land and development costs, while suburban or less central areas reduce initial investment requirements.
Construction costs are influenced by material prices, which fluctuate based on market trends and inflation. Cement, steel, tiles, and other materials form a major portion of the budget, sometimes exceeding 50% of total construction costs. Labor costs also vary, depending on skill level and project complexity.
Additional expenses include obtaining permits, architectural and engineering fees, utilities installation, and interior design. Furniture, fixtures, and equipment (FFE) for a 20-room hotel, such as beds, chairs, air conditioners, and kitchen equipment, also contribute substantially to overall costs.
Hotel design choices, such as the number of floors, type of roofing, common areas, and energy-efficient installations, can increase or reduce the total cost. Effective planning and budgeting, along with sourcing materials locally, can help minimize unnecessary expenditures.
In summary, building a 20-room hotel in Nigeria in 2025 can cost between ₦200 million and ₦500 million, depending on the location, design, and quality of construction. Investors must consider land costs, materials, labor, permits, and operational planning to estimate a realistic budget for their project.
Where is the cheapest land in Lagos?
The cheapest land in Lagos is typically found in suburban or developing areas that are farther from the city’s commercial and central business districts. Areas such as Ikorodu, Epe, Badagry, and parts of Amuwo-Odofin offer relatively affordable land prices compared to high-demand areas like Victoria Island, Lekki, and Lagos Island.
In these locations, standard residential plots of approximately 450–500 square meters can range from ₦5 million to ₦15 million, depending on road accessibility, infrastructure, and security.
Land in these suburban areas is less expensive because the demand is lower, infrastructure is still developing, and commercial activities are minimal compared to central Lagos.
Despite the lower price, these areas are gradually appreciating in value due to ongoing urban expansion, government infrastructure projects, and private development initiatives.
Within Lagos Mainland, neighborhoods like Agege, Abule Egba, and some streets in Surulere also offer more affordable land options. While the cost is higher than remote areas, these locations are more convenient for residents seeking proximity to schools, markets, transport, and employment hubs. Land prices in these zones can range from ₦10 million to ₦25 million per plot.
When buying cheap land, it is important to verify ownership, title documents, and survey plans to avoid disputes. Areas with clear documentation, road access, and utility availability, even if slightly more expensive, are safer investments in the long term.
Cheap land often comes with the trade-off of slower development, requiring buyers to consider how long it will take for infrastructure improvements to reach the area.
In conclusion, the cheapest land in Lagos is generally found in Ikorodu, Epe, Badagry, Amuwo-Odofin, and certain less commercialized parts of the Mainland. Strategic purchase decisions can provide long-term value while allowing for affordable entry into Lagos’ real estate market.