Lagos.CoolToday
IslandUpper-midLGA: Eti-Osa👥 250,000

Rent for Lekki Phase 1

Dem dey call am "Small London"
2-bed rent for one year
₦5.0M–12.0M
/yr
Rental yield
5–8%
YoY change
▲ 16%

Rent by property type

Property typeRent rangeService charge
Self-contain₦1.5M–2.5M₦200.0K–500.0K
1-bedroom₦3.0M–5.0M₦300.0K–800.0K
2-bedroom₦5.0M–12.0M₦500.0K–1.5M
3-bedroom₦8.0M–18.0M₦800.0K–2.0M
4-bedroom₦12.0M–25.0M₦1.0M–2.5M
Duplex₦15.0M–40.0M₦1.5M–3.0M

Area profile

Power bandA
Service charge / yr
Location6.4470, 3.4740
InternetGood
TrafficHeavy
Flood riskModerate
Noise levelModerate

Estimated monthly costs

Rent (per month)
₦708,333
Light (NEPA + supplement)
₦153,325
Total per month
₦861,658
Lagos.Cool Editorial
28 July 2026 · 2 min read

About Lekki Phase 1

Lekki Phase 1 na Lagos aspirational sweet spot — expensive enough to feel exclusive (₦5M–₦12M for 2-bed), but affordable enough wey senior tech worker or mid-level oil company executive fit pay. Na here Lagos upwardly mobile class dey land when dem outgrow Yaba but no fit afford Ikoyi yet. Infrastructure better pass most of Lagos: paved road, functional drainage, estate with 24-hour security. Power supply na Band A for many feeder, mean 20+ hours NEPA. Di trade-off na traffic. Lekki-Epe Expressway na di only road wey connect di peninsula to rest of Lagos, and for rush hour e become parking lot. Commute go Ikeja fit take 2-3 hours. Flooding na growing concern for rainy season. Service charge for Lekki estate range from ₦500K to ₦2.5M per year on top of rent.

Pros

  • Band A power — 20+ hours NEPA in many areas
  • Modern infrastructure — paved roads, drainage, street lights
  • Entertainment hub — malls, beaches, restaurants, nightlife
  • Gated estates with 24-hour security
  • Strong school cluster — Charterhouse, Greensprings, Lekki British
  • Growing property values — strong investment returns

Cons

  • Heavy traffic on Lekki-Epe Expressway — sole artery to mainland
  • Service charges ₦500K–₦2.5M/yr on top of rent
  • Flood risk during rainy season
  • Far from mainland jobs — 2-3 hour commute to Ikeja
  • Toll gate adds cost and congestion
  • Water is brackish — borehole needs reverse osmosis

🌆 Lifestyle

Lekki Phase 1 offer cosmopolitan lifestyle wey mix luxury living with vibrant entertainment. Palms Shopping Mall na di commercial centre, while Admiralty Way full with restaurant, lounge, and cafe. Weekend na Landmark Beach, brunch spot, and nightlife strip wey make Lekki na Lagos entertainment capital for night. Gated estate give security away from main road. Di area attract young professional, tech worker, and expat.

Lifestyle & Amenities

🛒 Shopping

  • The Palms Shopping Mall
  • Lekki Mall
  • Circle Mall
  • Lennox Mall
  • Prince Ebeano Supermarket
  • Hubmart Stores
  • NY Supermarket

🏥 Hospital

  • Evercare Hospital Lekki
  • St Nicholas Hospital Lekki
  • Reddington Hospital
  • Vedic Lifecare Hospital

🍽️ Restaurant

  • The Yellow Chilli
  • Hard Rock Cafe
  • Bungalow Restaurant
  • Sky Restaurant & Lounge
  • Izanagi Japanese
  • Southern Sun Hotel Restaurant

🌙 Nightlife

  • 34.26 Lounge
  • THE BLVD
  • The Side Bar
  • 30yard Lounge
  • Atmosphere Lounge
  • Bay Rock Lounge

🏖️ Beach

  • Landmark Beach
  • Elegushi Royal Beach (nearby)
  • Oniru Beach (nearby)

🌳 Park

  • Lekki Conservation Centre
  • Freedom Park (nearby)

🛣️ Key streets

  • Admiralty Way
  • Admiralty Road
  • Freedom Way
  • Fola Osibo Street
  • Bisola Durosinmi-Etti Drive
  • Omorinre Johnson Street

📍 Landmark

  • Lekki Toll Gate
  • The Palms Shopping Mall
  • Filmhouse IMAX Cinema
  • Landmark Beach
  • Lekki Conservation Centre
  • Circle Mall

🏘️ Notable estates

  • Meadow Hall Estate
  • Pinnacle Estate
  • Lekki Gardens
  • ABC Gardens
  • Chevron Estate

Good for

Young professionalsExpatsCouplesFamilies with school-age children

📜 History

Lekki Phase 1 start from Maroko, one crowded settlement wey military government demolish for July 1990 to build better area. Di transformation turn am to one of Lagos most prestigious neighborhood, dem call am "Small London" because of im modern infrastructure.

Nearby neighborhood

Schools near here

Charterhouse Lagos
BRITISH · day-boarding
₦16.5M–31.5M
Lekki British School
BRITISH · day-boarding
₦3.0M–6.8M
Meadow Hall
BRITISH · day
₦2.8M–3.2M
Dowen College
HYBRID · day-boarding
₦1.8M–2.2M
Whitesands School
BRITISH · day
₦1.2M–1.8M

Transport & CommuteLekki Phase 1

Water in Lekki Phase 1

So-soMixedBorehole: viable

Deeper drilling needed. RO recommended for drinking.

Wetin Lekki Phase 1 dey like

Lekki Phase 1 na the modern residential face of Lagos — planned development wey turn reclaimed swamp into the city most aspirational mainland-adjacent neighbourhood between 1995 and 2010. The area dey between the Lekki-Ikoyi link bridge and the first roundabout of Lekki-Epe Expressway. Street dem gridded, plot size bigger than Island average, and most property na detached house or low-rise apartment block (4-6 storey). The character na family-focused — international school, organised supermarket (Shoprite, Spar), and plenty expat. New apartment supply don lower rent from the 2018 peak; tenant now get real negotiating power.

Wetin your money go give you for Lekki Phase 1

For ₦5M/year (the cheapest), you go get 1-bedroom serviced apartment for smaller block, 60-80 sqm. Between ₦8M and ₦15M every year, you go enter 2-bedroom apartment for serviced block with pool, gym, generator backup. The ₦20M+ bracket go buy 3-bedroom apartment or modest detached house. The top (₦40M+) go buy premium detached house for Admiralty Way or Freedom Way.

How to commute

Car
Three exits: Lekki-Ikoyi Link Bridge to Ikoyi (10-min off-peak), Lekki-Epe Expressway entry at first roundabout (5-min to expressway), and Admiralty Way to VI (15-min off-peak). Traffic chronic at the link bridge 7-10am and 4-8pm.
BRT
No BRT through Lekki Phase 1. Lagos State plans a Lekki-VI BRT corridor; construction stalled.
Bolt/Uber
Heavy coverage. Surge common at 6-9pm Friday and weekend nights.

Utility for di area

power
NEPA Band A in most of Lekki Phase 1 — 18-22 hours daily. Most blocks have generator backup as standard
water
Most properties on private boreholes; Lagos Water Corporation pipes only reach corners of the area
internet
Excellent fibre coverage — Spectranet, ipNX, MTN Fibre, Globacom Glo1. Speeds 100-300Mbps standard

Safety for di area

Among the safest large residential area for Lagos — perimeter security for estate entry, private security for most apartment block, gated street common. Street crime low. The bigger practical risk na traffic accident for Admiralty Way and Lekki-Epe Expressway, plus seasonal flooding for Admiralty Way and Freedom Way during heavy rain.

Areas wey resemble

FAQ

1-bedroom serviced apartment dey start around ₦5M/year. 2-bedroom average ₦8-15M depend on building. 3-bedroom with concierge reach ₦18-25M. Premium detached house for Admiralty Way or Freedom Way dey from ₦25M to ₦60M+.