Understanding Lagos Shortlet Market Dynamics

The shortlet market in Lagos has exploded by 263% over the past three years, transforming how visitors experience the city. Short let apartments in Lagos Island are more expensive than short let apartments on the Lagos Mainland, with Island locations like Lekki, Victoria Island, and Ikoyi ranging from ₦35,000 to ₦75,000 per day, while mainland areas like Ikeja, Surulere and Yaba are priced between ₦5,000 to ₦25,000 per day.

Understanding this pricing divide helps you make smart location choices based on your budget and priorities.

Top 10 Locations for Shortlet Apartments in Lagos

1. Lekki Phase 1: The Premium Standard

When people search for the best shortlet in Lagos, Lekki Phase 1 consistently tops the list. This upscale neighborhood offers the perfect blend of luxury, security, and accessibility that both first-time visitors and seasoned travelers appreciate.

Why Lekki Phase 1 dominates:

• A 2-bedroom apartment in Lekki typically costs between ₦600,000 and ₦1,000,000 per month, with nightly rates around ₦150,000 to ₦300,000 for shortlet stays

• 1 bedroom shortlet in Lekki Phase 1 starts from ₦100,000 per night

• Excellent restaurants, cafes, and entertainment within walking distance

• Strong security with gated estates and 24/7 surveillance

• Proximity to major business districts and shopping centers

• Reliable power supply and modern infrastructure

• Perfect for business travelers and upscale tourists

Best for: Professionals, expatriates, luxury seekers, and families wanting premium amenities

2. Victoria Island: The Business Hub Favorite

Victoria Island represents Lagos at its most sophisticated. These shortlets in Lagos Island cater to high-end business travelers and visitors who prioritize location over budget considerations.

Victoria Island advantages:

• Monthly rentals in Victoria Island range from ₦1,500,000 to ₦2,000,000 for two- or three-bedroom apartments

• Nightly rates: ₦150,000 – ₦340,000 depending on size and amenities

• Walking distance to major corporate offices and banks

• Upscale dining, nightlife, and entertainment options

• International business atmosphere

• Proximity to bars, clubs, and Lagos social scene

• Excellent for conference attendees and corporate stays

Best for: Business executives, conference attendees, luxury travelers, and corporate relocations

3. Ikeja: The Strategic Mainland Choice

For travelers seeking top location for shortlet in Lagos Ikeja offers unbeatable strategic advantages, especially for those prioritizing airport proximity and affordability.

Ikeja’s winning features:

• Prices in Lagos mainland can start as low as ₦80,000 to ₦150,000 per night for a basic 1-bedroom shortlet apartment in places like Ikeja

• 15-20 minutes from Murtala Muhammed International Airport

• Major business districts like Alausa and Ikeja GRA nearby

• Excellent shopping malls (Ikeja City Mall, Maryland Mall)

• More affordable than Island locations

• Reliable transportation links across Lagos

• Growing restaurant and entertainment scene

Best for: Business travelers, budget-conscious visitors, airport convenience seekers, and short-term stays

4. Ikoyi: The Elite Residential Experience

Shortlets in Lagos Island reach peak luxury in Ikoyi, where tree-lined streets and prestigious addresses define the neighborhood’s character.

Ikoyi’s premium appeal:

• Nightly rates: ₦150,000 – ₦400,000 for luxury apartments

• Quiet, residential atmosphere despite central location

• Diplomatic and government presence ensures top security

• High-end restaurants and exclusive clubs

• Beautiful architecture and well-maintained properties

• Perfect for extended stays requiring peace and prestige

Best for: Diplomats, high-net-worth individuals, families seeking quiet luxury, and extended corporate stays

5. Ajah: The Value Growth Corridor

Smart travelers discovering cheap short let apartments in Lagos often find exceptional value in Ajah, which balances affordability with modern amenities.

Ajah’s value proposition:

• 1-bedroom apartments: ₦60,000 – ₦100,000 per night

• 2-bedroom options: ₦100,000 – ₦180,000 per night

• Rapidly improving infrastructure and facilities

• Growing number of modern estates with pools and gyms

• Close to Lekki attractions without Lekki prices

• Easy access to beaches and recreational areas

• Strong value for families and groups

Best for: Budget-conscious families, extended stays, groups splitting costs, and value seekers

6. Yaba: The Tech Hub Accommodation

Short let apartments in Lagos Mainland find exciting growth in Yaba, Lagos’s emerging technology and innovation district.

Yaba’s modern appeal:

• 1-bedroom shortlets: ₦50,000 – ₦80,000 per night

• 2-bedroom apartments: ₦80,000 – ₦120,000 per night

• Young, vibrant neighborhood with tech startup energy

• Excellent restaurants, cafes, and coworking spaces

• University of Lagos proximity brings cultural activities

• More affordable than traditional business districts

• Great public transportation connections

Best for: Young professionals, tech workers, students visiting universities, and budget travelers wanting mainland convenience

7. Surulere: The Cultural Heart

For authentic Lagos experiences, shortlets in Lagos mainland like Surulere offer rich cultural immersion at reasonable prices.

Surulere’s authentic charm:

• Nightly rates: ₦40,000 – ₦100,000 depending on location

• Historic Lagos neighborhood with character

• National Stadium and sports facilities nearby

• Excellent local restaurants serving authentic Nigerian cuisine

• Strong community atmosphere

• Good shopping at Adeniran Ogunsanya and surrounding areas

• Central location with connections to all Lagos zones

Best for: Cultural tourists, sports enthusiasts, budget travelers, and those seeking authentic Lagos experience

8. Banana Island: The Ultimate Luxury

When only the absolute best shortlet in Lagos will do, Banana Island represents the pinnacle of luxury living in Nigeria.

Banana Island exclusivity:

• Nightly rates: ₦400,000 – ₦800,000+ for premium properties

• Ultra-exclusive gated island community

• Private beaches and waterfront views

• 24/7 top-tier security and concierge services

• Home to billionaires and international executives

• Pristine infrastructure and world-class amenities

• Perfect for special occasions and VIP accommodations

Best for: Ultra-high-net-worth individuals, celebrities, special celebrations, and those seeking absolute luxury

9. Lekki Phase 2: The Growing Alternative

Savvy travelers discovering shortlet in Lekki often find Phase 2 offers similar quality to Phase 1 with better value propositions.

Lekki Phase 2 advantages:

• 10-15% cheaper than Phase 1 for comparable properties

• Newer developments with modern amenities

• Less traffic congestion than Phase 1

• Growing commercial and entertainment options

• Family-friendly estates with playgrounds and pools

• Strong appreciation potential benefits long-term guests

• Excellent schools nearby for relocating families

Best for: Families, value-conscious professionals, extended corporate stays, and those prioritizing newer properties

10. Maryland/Obanikoro: The Budget Mainland Hub

Completing our list of cheap short let apartments in Lagos, Maryland and Obanikoro offer mainland convenience at entry-level prices.

Maryland/Obanikoro benefits:

• 1-bedroom apartments: ₦35,000 – ₦60,000 per night

• Excellent transportation links (BRT stations, multiple routes)

• Close to Third Mainland Bridge for Island access

• Growing restaurant and nightlife scene

• University proximity (UNILAG nearby)

• Strong local markets and shopping options

• Perfect for extended budget stays

Best for: Students, budget backpackers, extended mainland business stays, and cost-conscious travelers

Shortlets in Lagos Island vs Lagos Mainland: Making the Choice

Choose Lagos Island (Lekki, VI, Ikoyi) when:

• Budget allows for premium pricing

• Business meetings concentrated in Island business districts

• Luxury amenities and upscale dining are priorities

• Status and prestige matter for your stay

• You want walkable neighborhoods with entertainment

Choose Lagos Mainland (Ikeja, Yaba, Surulere) when:

• Budget is a primary concern

• Airport proximity is important

• You want authentic Lagos cultural experiences

• Extended stays make mainland savings significant

• Your business takes place in mainland locations

Essential Factors When Booking Shortlets in Lagos

Power Supply Verification

Lagos experiences frequent power outages. Not every shortlet offers generators or inverters, so always confirm:

• 24/7 power backup with generators

• Inverter systems for seamless power transitions

• Fuel costs included or separate

• Power availability guarantees in writing

Security Considerations

Safety varies significantly by neighborhood. Look for:

• Gated and secured estates

• 24-hour security personnel

• Electronic access control systems

• Well-lit common areas

• Verified host reviews mentioning safety

Amenities That Matter

Standard expectations for quality shortlets include:

• Superfast WiFi (essential for business travelers)

• Fully equipped kitchen with appliances

• Air conditioning in all rooms

• Hot water availability

• Washing machine access

• Smart TVs with streaming services (Netflix, DSTV)

• Cleaning services (frequency varies)

• Parking space availability

Pricing Strategies for Different Stay Lengths

Nightly bookings (1-6 nights): Expect premium rates with minimal discounts. Rates can spike by over 200% during December festivities and major event periods.

Weekly stays (7-14 nights): Many properties offer 10-15% discounts for week-long bookings. Negotiate directly with hosts for better rates.

Monthly stays (30+ days): Significant savings possible—some properties offer 30-40% discounts for monthly commitments. Monthly payments range from ₦500,000 to ₦2,000,000 depending on location, size, and amenities.

Seasonal Considerations for Lagos Shortlets

Peak Season (December-January):

• Prices double or triple

• Book 2-3 months in advance

• “Detty December” festivities drive extreme demand

• Minimum stay requirements often increase

Mid Season (March-May, September-November):

• Moderate pricing and availability

• Good negotiation opportunities

• Comfortable weather conditions

• Easier booking process

Low Season (June-August):

• Best deals available

• Rainy season means fewer tourists

• Significant discounts possible

• Flexible booking terms

Red Flags When Booking Shortlets in Lagos

Protect yourself by watching for:

• Prices significantly below market rates (possible scams)

• Hosts refusing video calls or property tours

• No reviews or only brand-new listings without verification

• Unclear deposit and refund policies

• Hidden fees not disclosed upfront

• Properties in disputed or unsafe neighborhoods

• Lack of proper documentation or rental agreements

How Sendzira Simplifies Your Lagos Shortlet Experience

Finding quality accommodation in Lagos from abroad presents unique challenges. Sendzira’s travel and logistics services bridge that gap with local expertise and reliable support.

Our shortlet assistance includes:

• Verified Property Connections: We partner with trusted shortlet providers across all Lagos neighborhoods

• Transparent Pricing: No hidden fees or surprise charges

• Airport Transfers: Luxury transport from arrival to your shortlet doorstep

• Local Support: 24/7 assistance if issues arise during your stay

• Neighborhood Guidance: Expert recommendations based on your specific needs

• Booking Management: Handle all communications and payments on your behalf

Whether you’re seeking the best shortlet in Lagos for a business trip or cheap short let apartments in Lagos for an extended family vacation, we ensure your accommodation matches your expectations perfectly.

Ready to book your perfect Lagos shortlet?

Call/WhatsApp: 0809 100 0036
Email: info@sendzira.com

Let Sendzira handle your Lagos accommodation needs so you arrive knowing exactly where you’re staying, confident in the quality, and ready to enjoy everything Nigeria’s commercial capital offers. Your comfort is our priority, and your satisfaction is our success.