Wetin be the average 2-bedroom rent for Ikoyi?

The midpoint rent for 2-bed for Ikoyi na around ₦20,000,000 per year.

How power supply be for Ikoyi?

Ikoyi dey for Power Band A. Check our power section for typical NEPA hours.

Wetin be di pros and cons of living for Ikoyi?

Top pros: Most prestigious residential address in Lagos (after Banana Island); Tree-lined streets and genuine residential calm. Top cons: ₦15M–₦25M — second most expensive area in Lagos; Conservative and quiet — limited nightlife.

IslandPremiumLGA: Eti-Osa👥 150,000

Rent for Ikoyi

2-bed rent for one year

₦15.0M–25.0M

/yr

Rental yield

4–5%

YoY change

▲ 15%

Rent by property type

Property type	Rent range
2-bed	₦15.0M–25.0M

Area profile

Power bandA

Service charge / yr—

Location6.4500, 3.4300

InternetExcellent

TrafficModerate

Flood riskLow

Noise levelQuiet

Estimated monthly costs

Rent (per month)

₦1,666,667

Light (NEPA + supplement)

₦153,325

Total per month

₦1,819,992

Lagos.Cool Editorial

4 June 2026 · 2 min read

About Ikoyi

Ikoyi na old Lagos money. Where VI loud and commercial, Ikoyi understated and residential. Tree-line street, colonial house beside modern tower, pace of life wey feel slower than rest of Lagos. Lagos Polo Club, Ikoyi Club 1938, and di oldest social institution dey here. Rent ₦15M–₦25M dey justified by residential peace, mature infrastructure, and Band A light.

✓ Pros

✓Most prestigious residential address in Lagos (after Banana Island)
✓Tree-lined streets and genuine residential calm
✓Band A power — reliable NEPA
✓Established social institutions (Ikoyi Club, Polo Club)
✓Mature infrastructure — old trees, wide roads

✗ Cons

✗₦15M–₦25M — second most expensive area in Lagos
✗Conservative and quiet — limited nightlife
✗Aging buildings alongside new towers — uneven aesthetic
✗Brackish groundwater — expensive water solutions
✗Limited retail — most shopping requires driving to VI or Lekki

Lifestyle & Amenities

🛣️ Key streets

• Bourdillon Road
• Alexander Avenue
• Kingsway Road
• Awolowo Road
• Queens Drive

📍 Landmark

• Ikoyi Club 1938
• Lagos Polo Club
• Civic Centre
• Falomo Shopping Centre

Good for

Old money familiesSenior executivesDiplomatsRetirees

Nearby neighborhood

Schools near here

Corona Secondary School BRITISH · day-boarding	₦2.7M–3.3M

Transport & Commute — Ikoyi

→ Ikeja GRADANFO ₦700

See full transport guide →

Water in Ikoyi

BadSaltyBorehole: not viable

Reverse osmosis required. High salinity near lagoon.

See Ikoyi water details →

⚽ Sports

Viewing centers in Ikoyi

Where to watch the Premier League and Champions League nearby.

See viewing centers →

🏋 Facilities

Gyms & pitches in Ikoyi

Sports facilities — pricing per hour / month.

See facilities →

Areas wey resemble

FAQ

2-bedroom for Ikoyi dey cost ₦15,000,000 to ₦25,000,000 for one year, depending on the building and how close to main road. Dem dey pay rent for full year one time.