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IslandPremiumLGA: Eti-Osa👥 400,000

Rent for Victoria Island

2-bed rent for one year
₦10.0M–20.0M
/yr
Rental yield
4–5%
YoY change
▲ 14%

Rent by property type

Property typeRent range
2-bed₦10.0M–20.0M

Area profile

Power bandA
Service charge / yr—
Location6.4281, 3.4219
InternetExcellent
TrafficHeavy
Flood riskHigh
Noise levelNoisy

Estimated monthly costs

Rent (per month)
₦1,250,000
Light (NEPA + supplement)
₦153,325
Total per month
₦1,403,325
Lagos.Cool Editorial
4 June 2026 · 2 min read

About Victoria Island

Victoria Island na Lagos CBD — di financial, diplomatic, and corporate capital of West Africa. Almost every major bank, oil company, and multinational get head office for VI. Rent ₦10M–₦20M reflect dis premium. Di area get highest concentration of international restaurant, hotel, and nightlife. Downside: VI na basically commercial district wey people also live inside, not residential neighborhood.

✓ Pros

  • ✓Lagos CBD — walk to work for finance/oil/consulting professionals
  • ✓Best restaurant and nightlife concentration in Lagos
  • ✓International community and expat infrastructure
  • ✓Strong NEPA Band A supply
  • ✓Multiple hospital options

✗ Cons

  • ✗₦10M–₦20M rents — premium commercial district pricing
  • ✗Noisy and congested during business hours
  • ✗Mostly apartments — few houses or estates
  • ✗Parking is a nightmare
  • ✗Flooding risk on lower-lying streets

Lifestyle & Amenities

🛒 Shopping

  • • The Palms (nearby)
  • • Silverbird Galleria
  • • Mega Plaza

🏥 Hospital

  • • Lagoon Hospital VI
  • • First Cardiology Consultants
  • • St. Nicholas Hospital

🛣️ Key streets

  • • Adeola Odeku Street
  • • Akin Adesola Street
  • • Ahmadu Bello Way
  • • Ozumba Mbadiwe Avenue
  • • Kofo Abayomi Street

📍 Landmark

  • • Eko Hotel
  • • Civic Centre
  • • Federal Palace Hotel
  • • Bar Beach
  • • Silverbird Galleria

Good for

Corporate professionalsExpatsDiplomatsFinance sector workers

Nearby neighborhood

Ikoyi
Island · Premium
₦15.0M–25.0M
+15% YoY
Lekki Phase 1
Island · Upper-mid
₦5.0M–12.0M
+16% YoY
Oniru
Island · Upper-mid
₦6.0M–15.0M
+16% YoY

Schools near here

British International School
BRITISH · day-boarding
₦4.5M–9.1M

Water in Victoria Island

BadSaltyBorehole: not viable

Reverse osmosis required. Tanker delivery standard.

See Victoria Island water details →
⚽ Sports

Viewing centers in Victoria Island

Where to watch the Premier League and Champions League nearby.

See viewing centers →
🏋 Facilities

Gyms & pitches in Victoria Island

Sports facilities — pricing per hour / month.

See facilities →

Areas wey resemble

Ikoyi
Island · Premium
₦15.0M–25.0M
+15% YoY

FAQ

2-bedroom for Victoria Island dey cost ₦10,000,000 to ₦20,000,000 for one year, depending on the building and how close to main road. Dem dey pay rent for full year one time.