The average rent for a three-bedroom luxury apartment in Lagos has surged to $24,208 in 2025, according to a recent real estate report. This marks a notable rebound in the city’s high-end housing market following a dip in 2024.

The report highlights that demand for luxury accommodations remains strong, fueled largely by expatriates and Nigerians with foreign income. The pricing in U.S. dollars underscores Lagos’ position as a hotspot for international and high-net-worth tenants.

Real estate analysts say the surge reflects not only the city’s limited supply of premium apartments but also broader economic trends influencing property values in the region. With Lagos continuing to attract investment and a growing affluent population, luxury rental prices are expected to maintain their upward trajectory. Visit www.jocomms.com for more news.