Ikorodu / Festac / Budget areas Short-Lets
The cheapest short-lets in Lagos. From N5,000/night — less than a hotel room anywhere in the city. Power supply is the main compromise — expect 8-12 hours of grid + generator backup. Ideal for long-term budget stays.
₦5K–25K/night68% occupancy18% net yieldMainland
Typical amenities in Ikorodu / Festac / Budget areas short-lets
power (8-12hrs + generator)fan/ACbasic wifi
Ikorodu / Festac / Budget areas short-let investment snapshot
Buy price
₦12M
Furnishing
₦2M
Annual net income
₦2M
Net yield
18%
Lagos Short-Let Platforms Compared
6 platforms — Airbnb, Spleet, Shortlethomes, PropertyPro, Jiji, Booking.com. Commissions, listing counts and verification levels.
| Platform | Commission | Lagos listings | Verification | Insurance |
|---|---|---|---|---|
🏡Airbnb International travelers, diaspora visitors, tourists | 14% | 3,000 | ID Verified | ✅ |
🟢Spleet Young professionals, Nigerian-to-Nigerian bookings | 10% | 800 | Background Check | ❌ |
🏠Shortlethomes Verified premium listings in Lekki and VI | 12% | 500 | ID Verified | ❌ |
🔵PropertyPro Largest selection, direct-to-landlord negotiation | FREE | 6,262 | Basic | ❌ |
🟡Jiji Budget options, mainland listings, direct deals | FREE | 4,595 | Basic | ❌ |
🔷Booking.com Serviced apartments, hotel-like short-lets | 15% | 500 | ID Verified | ✅ |