Ikorodu is a developing area located on the outskirt of Lagos and shares boundary with other states like Ogun State. Areas of Lagos such as Epe can be accessed through Ikorodu with the use of a ferry by waterways but to make the route an easier passage, propositions has been made to build the Fourth Mainland Bridge which will connect the Lagos Island to the Lagos Mainland via Ikorodu and might end up being the longest bridge Africa has ever had.
The town of Ikorodu is one of the indigenous areas of Lagos state. Ikorodu is located on the Lagos Mainland but it is not a densely populated area as is made up of villages which have been transformed to the present day town. Ikorodu area of Lagos pose a tranquil environment away from the bustling life other parts of Lagos may present. Popular areas in Ikorodu include Ibeshe, Gberigbe, Ijede, Baiyeku, Ogijo, Imota, Ogolonto and Ikorodu GRA.
The present day town of Ikorodu has been a preferred location for property business being one of the places where lands are in abundance in the Lagos metropolis and also has rural districts. LSDPC Estate and Federal Low-cost Housing Estate are the prominent estates in Ikorodu. Other estates in Ikorodu include; Precious Peace Estate, Bring Forth Estate, Orisun Estate and Dream City estate which has been developed by real estates agents who sell plots of land to interested individuals or build the houses to let. These estates do not come with uniform buildings.
Houses for rent in Ikorodu is quite reasonable when it comes to pricing. Ikorodu lands for rent are generally affordable. Other Apartments for rent in Ikorodu includes properties such as residential houses which include; self-contain, detached house, semi-detached house, bungalow, duplex and flats among others are also available for rent.
A 3-bedroom flat for rent in Ikorodu could value up to N650,000 and a mini flat for rent in Ikorodu is priced as low as N100,000 which is economical compared to other areas in Lagos. Commercial properties for rent in Ikorodu include; office space, hotel, hall, school and warehouse amongst others which are well built and available to let at low prices. Office spaces for rent in Ikorodu in business booming locations are available within the price range of N250,000 to N1,200,000 per year with respect to the size while shops for rent in Ikorodu are priced within the range of N100,000 to N100,000 in a strategic location.