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MainlandBudgetLGA: Oshodi-Isolo👥 250,000

Rent in Egbe

2-bed annual rent
₦500.0K–780.0K
/yr
Rental yield
7.5–9.5%
YoY change
▲ 9.0%

Rent by property type

Property typeRent range
2-bed₦500.0K–780.0K

Area profile

Power bandE
Service charge / yr—
Location6.5400, 3.3000
InternetFair
TrafficHeavy
Flood riskModerate
Noise levelModerate

Estimated monthly costs

Rent (monthly equiv.)
₦53,333
Power (NEPA + supplement)
₦153,325
Total monthly
₦206,658
Lagos.Cool Editorial
4 June 2026 · 2 min read

About Egbe

Egbe offers some of the cheapest rents in Lagos at ₦500K–₦780K. It's a quiet residential area that flies under the radar. Good for families who need absolute affordability and don't mind the commute.

✓ Pros

  • ✓Extremely affordable
  • ✓Quiet residential character
  • ✓Fresh borehole water

✗ Cons

  • ✗Band E power
  • ✗Very limited amenities
  • ✗Far from commercial centers

Ideal for

Budget familiesWorkers in Oshodi-Isolo axis

Nearby neighborhoods

Alimosho
Mainland · Budget
₦400.0K–1.2M
+10% YoY
Ogba
Mainland · Budget
₦800.0K–1.5M
+10% YoY

Nearby schools

No schools indexed for this area yet.

Water in Egbe

GoodFreshBorehole: viable

Good borehole access.

See Egbe water details →
⚽ Sports

Viewing centers in Egbe

Where to watch the Premier League and Champions League nearby.

See viewing centers →
🏋 Facilities

Gyms & pitches in Egbe

Sports facilities — pricing per hour / month.

See facilities →

Similar neighborhoods

Ogba
Mainland · Budget
₦800.0K–1.5M
+10% YoY
Ikorodu
Mainland · Budget
₦600.0K–1.5M
+8.0% YoY
Alimosho
Mainland · Budget
₦400.0K–1.2M
+10% YoY

FAQ

A 2-bedroom apartment in Egbe costs between ₦500,000 and ₦780,000 per year, depending on the building and proximity to main roads. Rent is paid annually upfront.