8 Best Affordable Areas to Live in Lagos Nigeria

Lagos is Nigeria’s most populous metropolis and the country’s economic centre. While the states face numerous challenges, Lagos remains a popular tourist destination due to its economic viability, lifestyle, and entertainment. In recent years, the city of Lagos has seen an increase in the number of Tech Hubs, Investors, and enterprises settling in the state.

However, if you’re thinking about moving to Lagos and want to know where the greatest areas to live in Lagos is, this article will show you just where to go either on the Island or the Mainland as Lagosians usually refer to the 2 different places we have in the state.

Affordable Areas to Live in Lagos

However, it is crucial to note that the best spot to live in Lagos will be determined by a variety of factors, including where you work and why you are relocating to Lagos.

Some people live in Lagos just to have fun before returning to other states to work. Others need to work in Lagos, so it all depends on your reasons for being there.

So, in general, these are the greatest neighbourhoods to live in Lagos



Let’s start with Ikeja because it’s one of the most important cities in Lagos when it comes to anything to do with the Lagos mainland. Ikeja is also Lagos’ capital and one of the most densely populated areas in the state. However, many people pick Ikeja for their commercial operations, it is also known as the business centre of Lagos.

It’s where one of the largest ICT centres in West Africa which are known as Computer Village is located, that’s in Ikeja, Lagos. It houses a large number of Nigerian government parastatals because it is the capital of Lagos State. In addition,

  • Ojodu
  • Opebi
  • Anthony
  • Akiode
  • Alausa
  • Agidingbi
  • Magodo, and
  • Maryland are all prominent areas in Ikeja

The Ikeja GRA is a quite nice and well-designed place to live in Lagos. As a result, the region is connected to several key locations in Lagos

  • Murtala Mohammed International Airport
  • Ikeja City Mall
  • Maryland Mall

and most of the popular estates like

  • Omole phase 1 & 2
  • Ikeja GRA
  • Magodo phase 1 & 2 and many others

Ikeja is a home for a combination of commercial and residential neighbourhoods making it an ideal place to establish a business in Lagos.


Surulere is a residential and commercial Local Government Area in Lagos, Nigeria. This popular place house the Lagos National Stadium (capacity 60,000) was erected for the All-Africa Games in 1972. Ojuelegba is a renowned tourist destination in Surulere.

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Surulere, like the rest of Lagos, has its fair share of traffic jams. During rush hour, the roadways are generally congested. Surulere also offers a diverse range of activities, including a retail centre and a cinema, among others.

  • Shitta
  • Ojuelegba,
  • Stadium
  • Itire-Ikate
  • Ijesha
  • Lawanson
  • Ogunlana Drive
  • Adeniran Ogunsanya
  • Masha, Kilo are some of the popular areas in Surulere you can live in Lagos.


Festac is a federal housing complex on the Lagos-Badagry Expressway, which is quite popular. Festac Town is a federal housing estate in the Lagos local government area of Awuwo-Odofin. The term “FESTAC” stands for “Second World African Festival of Arts and Culture,” which took place in 1977. You can get to practically anything in Surulere, just as you can in Surulere.

Festac also provides simple routes to get around Lagos gridlock. Ikotun, Mushin, Surulere, Ikeja, and even Oshodi are all easily accessible from Festac. Festac is home to some of Lagos’ most fascinating facts and history. Festac is one of the nicest places in Lagos to raise a family and one of the most serene areas in the state.

Festac Town was built with a significant amount of money and resources from the Nigerian government. This region has a steady supply of electricity, easily accessible police and fire stations, and modern supermarkets, restaurants, motels, health clinics, and post offices. You can enjoy your life in Lagos if you live in Lagos around the Festac.


Yaba, a suburb of Lagos Mainland and one of the most popular areas in Lagos State, is another one of the best places to live in Lagos Mainland.

  • The Federal Neuro-Psychiatric Hospital Yaba (FNHY)
  • Yaba College of Technology, popularly known as YABATECH
  • Queen’s College
  • The Nigerian Institute of Medical Research
  • Igbobi College
  • The University of Lagos
  • The Federal School Science and Technical College
  • Federal College of Education
  • West Africa Examination Council (WAEC) Headquarters and many other top institutions are all located in Yaba.

Yaba also acts as a link between Lagos Mainland and Lagos Island, thanks to the third mainland bridge, Africa’s second-longest. This city is ideal for individuals who enjoy peace as well as those who enjoy the hustle and bustle of life; it is a great place for people of all ages and one of the greatest places for singles to live in Lagos State.

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One thing you will appreciate about Yaba is its cleanliness; it is an ideal location for both the wealthy and the poor; you also have access to markets with low-cost goods, such as the famed Tejuosho Market, which is one of Lagos State’s busiest markets.



Lekki is a city in Lagos State, Nigeria, with a population of 401,272 people. This naturally created peninsula, located near Victoria Island and Ikoyi, offers spectacular views of the Atlantic Ocean to the south and the Lagos and Lekki Lagoons to the north. In Lagos, Lekki is where celebrities’ live Lagos.

In terms of wealth and social standing, Lekki is unrivalled in Lagos. In Nigeria, Lekki is the Beverly Hills. Another fantastic region to live in Lagos is the Lekki-Ajah axis. The Dangote refinery is now under construction, making Lekki one of Africa’s top investment locations.

The community has expanded and developed significantly, and it is now a location in Lagos that provides

  • Amazing career possibilities
  • Dependable government assistance
  • High-quality private schools
  • Top-notch medical facilities
  • Shopping malls, and
  • Recreational facilities
  • Ajah
  • Lekki Phase 1
  • Richmond Gate, and
  • Victoria Garden City are some of the greatest districts in Lekki. Overall, Lekki is one the most desirable neighbourhoods to live in Lagos.


Ikoyi, located in the Eti-Osa local government area, is Lagos’ most affluent suburb. On the northeastern tip of Obalende, with Lagos Island to the west and the Lagos Lagoon on the horizon. Ikoyi is frequently thought to be home to Nigeria’s upper-class citizens.

It is one of Nigeria’s wealthiest communities. When it comes to security issues in Lagos State, Ikoyi has had a low rate in recent years, suggesting that it is a safe place to live in Lagos for both new residents in Lagos and its environs, as well as those who have already lived in Lagos but wish to change their position from a neighbourhood.

In Ikoyi, there are numerous good schools, Montessori, colleges, and institutes, making it an ideal location for raising children. Ikoyi is not only one of the best areas to live in Lagos, but it is also one of the safest.

  • Google Nigeria’s headquarters
  • As well as the National Drug Law Enforcement Agency (NDLEA)
  • The World Health Organization (WHO)
  • The Nigerian Government Presidential Secretariat, and others, are all located in Ikoyi.
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Victoria Island

Victoria Island (VI) is another wealthy neighbourhood in Lagos’ Eti-Osa Local Government Area. It is bordered by

  • Lagos Island
  • Ikoyi
  • Lekki Peninsula, and comprises a former island

One of the nicest places to live in Lagos is Victoria Island. In Nigeria, Victoria Island has become the preferred location for large multinational corporations. Since 1985, Victoria Island has been the preferred headquarters of many major corporations and businesses in Lagos.

Victoria Island is a well-known and wealthy residential neighbourhood in Lagos. It is the city’s main and financial core. Many banks have their headquarters on Victoria Island, and the United States Consulate General is also located there. Victoria Island is one of the best spots in Lagos to establish a business.

Banana Island

Banana Island is a man-made island located off the coast of Ikoyi, Lagos, Nigeria. Banana Island is well-known for being home to wealthy Nigerians and having some of the costliest real estates in the country. Anyone who has spent time on the Island, however, will agree that it is in a league of its own.

Because of its tranquillity, the Banana Island community is home to nearly 2000 people from all over the world. Many people’s first thoughts when it comes to their place of residence are safety and security. Banana Island, on the other hand, provides you with peace of mind when it comes to protecting your property and its contents.

Professional security men and women patrol the island’s main entrance 24 hours a day. These security guards are not only visible at the front entrance, but they are also present throughout the Island.

If we examine the price of a normal 4 – bedroom property on Banana Island, which is 201.40 million, and the cost of renting an apartment, you will spend roughly 5.01 million per year for a typical moderate 4 – bedroom house, the cost of living is a touch excessive.

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Dennis Isong Helps Individuals Invest Right In Real Estate. For Questions On This Article Or Enquiring About Real Estate Email: Dennis@Landproperty.ng. You can follow me onYouTube. WhatsApp Or Call +2348164741041
Dennis Isong

About Dennis Isong

Dennis Isong Helps Individuals Invest Right In Real Estate. For Questions On This Article Or Enquiring About Real Estate Email: Dennis@Landproperty.ng. You can follow me onYouTube. WhatsApp Or Call +2348164741041

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