Are you in Lagos and searching for affordable places to call home? Your quest ends here! This guide unveils the answer to the question, “Where Is The Cheapest Place To Live In Lagos?” We’ve compiled a list of safe and budget-friendly neighbourhoods to cater to your needs.
Key Takeaways: Finding Affordable Living in Lagos
- Badagry’s Economic Appeal: Badagry emerges as the most economical choice, offering tranquillity and 3-bedroom flats at an average of N400,000.
- Ogba’s Budget-Friendly Option: Ogba, close to Ikeja, provides a more affordable living option, with 3-bedroom flats available for as low as N350,000.
- Ikorodu’s Developing Landscape: Ikorodu attracts residents with low rental costs amid ongoing development, despite challenges like security threats and traffic.
- Iju-Ishaga & Agege Challenges: Despite the affordability, areas like Iju-Ishaga and Agege face issues like congestion, security concerns, and environmental challenges.
- Mushin’s Cautionary Affordability: Labeled a ghetto, Mushin is economical but requires caution due to safety concerns, especially at night.
- Epe’s Serene Option: Epe, on the Island’s northern side, offers affordable and serene living, following the rule that farther locations are more economical.
- Ayobo & Ipaja Budget-Friendly Choices: Ayobo and Iyana Ipaja provide affordable living options, with two-bedroom flats available for as low as N200,000.
- Proximity and Affordability in Ketu & Mile 12 Area: Ketu and Mile 12, on the same road, offer affordable housing options with proximity benefits.
- Traffic Challenges in Igando & Ikotun: Despite affordability, Igando and Ikotun face traffic challenges, demanding consideration during rush hours.
- Bariga: Mainland Affordability: Bariga, within the mainland, is relatively affordable, and suitable for students with proximity to the University of Lagos and local markets.
Most Affordable Places to Live In Lagos
1. Badagry
Badagry, currently topping the charts as the most economical place to live in Lagos, provides a haven away from the hustle and bustle of Lagos Island. Here, you can secure a standard 3-bedroom flat for an average of N400,000, making it an ideal choice for those on a tight budget.
2. Ogba: Affordable Living near Ikeja
Ogba, situated close to Ikeja and Iju-Ishaga, offers a more budget-friendly option for apartment seekers on a low budget. While not the absolute cheapest, it still deserves a spot on the list. With the right agent, you can find a standard three-bedroom flat for as low as N350,000, complete with bore-hole water, electricity, ample compound space, and customizable specifications.
3. Ikorodu: Developing Affordability
Ikorodu boasts low rental costs due to its ongoing development, attracting those seeking affordable living. The area is witnessing a rise in migration, with many acquiring land for future ventures. While the area faces challenges like security threats and traffic, the cost of living remains enticing for those on a tight budget.
4. Iju-Ishaga & Agege: Affordability Amid Challenges
Although Agege, particularly Iju-Ishaga, offers reasonably affordable rents, challenges like congestion, security concerns, and environmental issues need consideration. The presence of thugs, drug-related activities, and unpleasant odours from places like the Abattoir in Oko-Oba contribute to the overall living conditions.
5. Mushin: Affordability with Caution
Mushin, labeled as a ghetto, is affordable but not the safest. While being one of the more economical areas, residents must exercise caution due to safety concerns, especially during nighttime.
6. Epe: Serene and Affordable Living
Epe, located on the Island’s northern side, remains relatively unknown but offers affordable accommodation. The serene nature and lower activity make it a quieter option, and as a general rule, the farther from the Island or mainland, the more economical the accommodation.
7. Ayobo & Ipaja: Budget-Friendly Choices
Ayobo and Iyana Ipaja provide affordable living options, especially for those on a tight budget. A decent two-bedroom flat can be secured for as low as N200,000.
8. Ketu & Mile 12 Area: Proximity and Affordability
Ketu and Mile 12, being on the same road, offer affordable housing options. These areas provide older houses at reasonable prices for those seeking proximity.
9. Igando & Ikotun Area: Traffic Challenges Amid Affordability
While affordability is a highlight, traffic gridlock poses a challenge in Igando and Ikotun areas. Despite finding apartments for as low as N300,000 or N250,000, commuting can be demanding, especially during rush hours.
10. Bariga: Mainland Affordability
Bariga, located within the mainland, is a relatively affordable place to live. Its proximity to the University of Lagos and accessibility to markets make it a suitable option for students and budget-conscious individuals.
Conclusion
These areas represent the most affordable places to live in Lagos. Keep in mind that the prices mentioned are approximate and can vary based on location and apartment quality. Lagos landlords often adjust rent prices accordingly. While these are the cheapest options, other affordable areas within the state are worth exploring, providing diverse choices for budget-conscious individuals.
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