LLagos.CoolToday
IslandPremiumLGA: Eti-Osa👥 150,000

Rent in Ikoyi

2-bed annual rent
₦15.0M–25.0M
/yr
Rental yield
4–5%
YoY change
▲ 15%

Rent by property type

Property typeRent range
2-bed₦15.0M–25.0M

Area profile

Power bandA
Service charge / yr
Location6.4500, 3.4300
InternetExcellent
TrafficModerate
Flood riskLow
Noise levelQuiet

Estimated monthly costs

Rent (monthly equiv.)
₦1,666,667
Power (NEPA + supplement)
₦153,325
Total monthly
₦1,819,992
Lagos.Cool Editorial
4 June 2026 · 2 min read

About Ikoyi

Ikoyi is old Lagos money. Where VI is brash and commercial, Ikoyi is understated and residential. Tree-lined streets, colonial-era houses alongside modern towers, and a pace of life that feels slower than the rest of Lagos. The area houses the Lagos Polo Club, Ikoyi Club 1938, and some of the city's most established social institutions. Rents of ₦15M–₦25M are justified by the residential tranquility, mature infrastructure, and Band A power supply. Ikoyi attracts families with older children, senior executives who've "made it," and the diplomatic community. It's not where you go for nightlife or trendy restaurants — it's where you go when you want Lagos to feel calm.

Pros

  • Most prestigious residential address in Lagos (after Banana Island)
  • Tree-lined streets and genuine residential calm
  • Band A power — reliable NEPA
  • Established social institutions (Ikoyi Club, Polo Club)
  • Mature infrastructure — old trees, wide roads

Cons

  • ₦15M–₦25M — second most expensive area in Lagos
  • Conservative and quiet — limited nightlife
  • Aging buildings alongside new towers — uneven aesthetic
  • Brackish groundwater — expensive water solutions
  • Limited retail — most shopping requires driving to VI or Lekki

Lifestyle & Amenities

🛣️ Key streets

  • Bourdillon Road
  • Alexander Avenue
  • Kingsway Road
  • Awolowo Road
  • Queens Drive

📍 Landmarks

  • Ikoyi Club 1938
  • Lagos Polo Club
  • Civic Centre
  • Falomo Shopping Centre

Ideal for

Old money familiesSenior executivesDiplomatsRetirees

Nearby neighborhoods

Nearby schools

Corona Secondary School
BRITISH · day-boarding
₦2.7M–3.3M

Transport & CommuteIkoyi

Water in Ikoyi

PoorBrackish (salty)Borehole: not viable

Reverse osmosis required. High salinity near lagoon.

⚽ Sports

Viewing centers in Ikoyi

Where to watch the Premier League and Champions League nearby.

See viewing centers →
🏋 Facilities

Gyms & pitches in Ikoyi

Sports facilities — pricing per hour / month.

See facilities →

Similar neighborhoods

FAQ

A 2-bedroom apartment in Ikoyi costs between ₦15,000,000 and ₦25,000,000 per year, depending on the building and proximity to main roads. Rent is paid annually upfront.