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MainlandBudgetLGA: Ikorodu👥 1,100,000

Rent in Ikorodu

2-bed annual rent
₦600.0K–1.5M
/yr
Rental yield
7–9%
YoY change
▲ 8.0%

Rent by property type

Property typeRent range
2-bed₦600.0K–1.5M

Area profile

Power bandE
Service charge / yr—
Location6.6200, 3.5000
InternetFair
TrafficSevere
Flood riskLow
Noise levelModerate

Estimated monthly costs

Rent (monthly equiv.)
₦87,500
Power (NEPA + supplement)
₦153,325
Total monthly
₦240,825
Lagos.Cool Editorial
4 June 2026 · 2 min read

About Ikorodu

Ikorodu is Lagos's northeastern frontier — affordable (₦600K–₦1.5M) with excellent borehole water from shallow fresh aquifers. The BRT route from Ikorodu to CMS provides a lifeline to the Island, but at 45-90 minutes it's a serious daily commitment. The area is developing rapidly with new estates, but infrastructure lags behind.

✓ Pros

  • ✓Cheapest rent with BRT access to Island
  • ✓Excellent borehole water
  • ✓Spacious living
  • ✓New estates developing

✗ Cons

  • ✗Far from everywhere — 45-90min BRT to CMS
  • ✗Band E power — worst in Lagos
  • ✗Poor road infrastructure
  • ✗Limited entertainment and dining

Ideal for

Budget familiesPeople working in Ikorodu industrial zone

Nearby neighborhoods

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

Nearby schools

No schools indexed for this area yet.

Transport & Commute — Ikorodu

See full transport guide →

Water in Ikorodu

GoodFreshBorehole: viable

Excellent borehole area. Shallow fresh water.

See Ikorodu water details →
⚽ Sports

Viewing centers in Ikorodu

Where to watch the Premier League and Champions League nearby.

See viewing centers →
🏋 Facilities

Gyms & pitches in Ikorodu

Sports facilities — pricing per hour / month.

See facilities →

Similar neighborhoods

Ogba
Mainland · Budget
₦800.0K–1.5M
+10% YoY
Alimosho
Mainland · Budget
₦400.0K–1.2M
+10% YoY
Egbe
Mainland · Budget
₦500.0K–780.0K
+9.0% YoY

FAQ

A 2-bedroom apartment in Ikorodu costs between ₦600,000 and ₦1,500,000 per year, depending on the building and proximity to main roads. Rent is paid annually upfront.