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EN
Nigeria’s rent crisis deepens as two-bedroom flats hit N2.5m
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Daylight
Nigeria’s rental market is spiralling, with two-bedroom apartments averaging N2.5m annually, far above rates of just a few years ago.
In Karu, Maraba, and Kubwa, rents for two-bedroom flats range between N1.5m and N2.5m.
One lawyer in a social forum questioned whether it was legal for a landlord to raise a tenant’s rent from N1.5m to N2.8m just months before renewal.
Architect Seyi Amusan explained that in Opic, two-bedroom flats cost between N2m and N2.5m annually.
Agent John Kalu said two-bedroom flats in Emene and Abakpa go for N800,000–N4m, while prime areas like New Haven and Independence Layout cost N2.5m and above.