Flats are common among middle-class families or higher income earning bachelors and spinsters who cherish privacy and also want recognition associated with being independent and well above the poverty line. In Lagos, it is sort of status symbol to live in an exquisite flat especially in areas such as Ikoyi, Lekki, Magodo, Ikeja and a host of other gated estates in Lagos.
Flat for rent in Lagos are located in all parts of the city including the shanty towns and ghettos and of course, their rates depend on their location and proximity to the Lagos Island. Apartments in places like Ikeja, Yaba, Magodo, Gbagada, Ogudu, Surulere among others which is on Lagos mainland are far more expensive than those in the interior or the suburbs of the Lagos mainland.
Apartments for rent in Lagos come in various sizes, shapes and rates depending on the location, base structure, quality of finishing as well as other property features. Ranging from bungalows to duplexes and detached houses, there are a wide variety of flat apartments to rent from in Lagos. Most of the apartments on the Lagos Island are exclusively affordable to the middle class and upper class as they come tastefully and exquisitely furnished. Lagos mainland offers flat apartments which are affordable to the lower class, middle class and a few upper-middle-class folks.
A two(2) bedroom flat for rent in Surulere Lagos may cost about ?800,000 in yearly rent while a similar apartment for rent in Lekki can cost up to ?2,500,000 per annum.