Proppie.

Rentals

Annual asking rents for apartments, duplexes, terraces and shops.

Records surveyed
403
Listings in this category
Typical annual rent
₦7M
The middle listing, not an average
Middle range
₦5M – ₦11M
Where most listings sit
Carrying a price
395
8 had none available
Download

Rentals reports

3 reports for this category, each a different cut of the same survey. June 2026 edition, PDF.

ProppieJune 2026
Residential Rental Price
Rentals · field survey edition
₦7Mtypical annual rent
Source: Proppie Insights

Residential Rental Price Report

RentalsPublished 2026
ProppieJune 2026
Rental Yield
Rentals · field survey edition
16.7%top implied gross yield
Source: Proppie Insights

Rental Yield Report

RentalsPublished 2026
ProppieJune 2026
Rentals by Location
Rentals · field survey edition
3locations covered
Source: Proppie Insights

Rentals by Location Report

RentalsPublished 2026
Or take the raw records403 rows exactly as surveyed — location, building type, size, title, status, asking price and deal price.
01

What it costs

Prices for rentals, in Naira.

Typical annual rent
₦7M
Half ask more, half ask less
Most listings between
₦5M – ₦11M
The middle half, ignoring extremes
Cheapest recorded
₦100k
Lowest annual rent in this category
Highest recorded
₦300M
Highest annual rent in this category

How the 395 priced listings spread out

Number of listings in each price bracket.
Calculated
Under ₦20M
34888%
₦20M – ₦50M
369%
₦50M – ₦100M
72%
₦100M – ₦200M
21%
₦200M – ₦400M
21%
₦400M and above
00%

8 of the 403 records carry no price — the field team could not obtain one. They are counted as listings but left out of every figure above.

02

Rent benchmarks

What tenants are asked, by size and building type.

Annual rent by bedroom count

Median annual rent, with the number of priced listings behind each column.
Calculated
₦30M₦22.5M₦15M₦7.5M₦0
₦3M
1-bed
n=25
₦5M
2-bed
n=63
₦7M
3-bed
n=193
₦11.8M
4-bed
n=86
₦12M
5-bed
n=15
₦30M
6-bed
n=1
Building typeMedian annual rentMean annual rentSample sizePrice range
Not stated₦7,000,000₦12,276,636214 of 214₦600k–₦300M
Apartment₦6,000,000₦11,401,646164 of 171₦100k–₦100M
Shop₦8,000,000₦10,625,0008 of 8₦3M–₦26M
Terrace₦13,000,000₦30,833,3333 of 4₦4.5M–₦75M
Apartment Terrace₦7,500,000₦7,500,0002 of 2₦5M–₦10M
Apartment Duplex₦5,000,000₦5,000,0001 of 1₦5M–₦5M
Duplex₦10,000,000₦10,000,0001 of 1₦10M–₦10M
Bungalow₦3,500,000₦3,500,0001 of 1₦3.5M–₦3.5M
Duplex Terrace₦13,000,000₦13,000,0001 of 1₦13M–₦13M

Median is the middle listing; mean is the arithmetic average and sits higher wherever a few large listings pull it up. Sample size shows how many of that type carried a price — treat any row in single figures as indicative only. Building type was not recorded on 214 of these listings; they are shown as Not stated rather than dropped, so that row describes coverage in the survey rather than a kind of property.