NewStats: 3,264,150 , 8,182,789 topics. Date: Monday, 09 June 2025 at 09:38 PM 583cw

Procashtips:


Any house that wasn't built within the last 10 yrs should not be collecting the same rent with recent houses.

Makes no sense.

Story! Do you know what is inflation?
Is the cost of rice today same as 11 years ago?

CatchMeIfUCanMO:

Sto'playing, the cheapest 2 bedroom I have come across in my city is 350k and some of them na half tiles.
Most of the good ones starts from 400k.

And the place is not even an industrialize or heavily populated city o.


Them increase one of my paddy house rent from 300k to 700k last year December after doing small renovation just to justify the stew pead increase.

If you read properly, I didn't mention city areas... I am not happy with the rent increments not matching salaries.

seems it's all ova Lagos landlords increase their huz rent. Increment in rent is normal bt the top up most of dis huz owners add is crazy and aside this ,some wil increase your rent few yrs after you packed in.
Imagine a huz owner increasing huz rent 2years after the person moved in and also telling the person to pay to construct borehole in the compound. Not that the borehole money will be deducted from his NXT yr rent.

I was forced to get a land and start building when my landlord increased my rent by 60% . and it will keep on increasing. I had to give my sef sense quick.
ThankGod, the project have started.

aspabay:


Lame excuse. Do they get to rebuild their houses again every year?

Go and check the meaning of inflation.
Price of food, transport, etc have been increasing and you want house rent to remain stable.
Dey play.

Sonnobax15:

Should we blame the landlords?

Hell no!!! You can't blame them when cost of building materials is steadily increasing...

Reminds me of 2022 when I paraded some yahoo boys who were looking for a 2-bed room apartment....We finally got to find one and the landlord pinned the house rent down to #850k yearly.....I almost OFF that moment......Money wey dem take buy keke carry give me as higher purchase nai these boys wan splash throway just like that,that was the thought that was running in my mind . The landlord was even saying his own was the cheapest in the area . Like WTF....... Y'all need to see the kind bad eye wey I take look am like say na me get the money

Omoh,I like where I dey right now abeg......Very cheap, peaceful,water dey,well tiled and pvc ceiling . And most importantly,fine bannies come still surround me as a bonus

So because building materials increases, you increase rent of the house you built 10years ago? Where is the rationale in that?

spartachico:
A conducive 2 bedroom flat, in a serene street/ environment in Abule egba and its environs ,starts from 700k and even at that 700k just buy student foam put inside the rooms because if you dey think of 6X6 mattress omo na to open door jump on bed and from bed jump enter toilet cus no space at all, so if you want better spacious apartment ,get ready to splash 1M TO 2M.


Mo wi re abi mio wi re.

On point

A normal 2 bedroom is between 1m to 2m. Anything less than that is shakushaku flat

Mcslize:


These rents you posted will only be feasible for old houses. A standard bed sitter with POP, standard kitchen cabinet, heater and wardrobe, you won't even see it for 250k.

There was 1 spacious 1 bed room flat somebody posted in one WhatsApp group I am in. It goes for 620k including every other fees. Actual rent was 450k.

The apartment is fine though. So, it's worth it. But those fees up there, can only be possible for old houses with those old asbestos ceilings.

Those are rural and student areas prices, which may even increase... I do agree with you, in a good location 1 BR can go over 400K, though 400K is pricey for a BR. I noticed the prices are somewhat lesser in the North and student areas in the South + East. With increments people will still rent, sometimes I ask where is these money coming from

Mcslize:


Yours is even good. You've even started building yours. What about people that haven't even bought common nails let alone plot of land where they will build.

Thank God o.

Bros, all na the same o. Sometimes I wished I haven't started self, so that I can start at my convenient time.

Each time I hear that the cost of building material has risen, my heart will beat faster. Those who have completed theirs are very lucky, those who haven't started at all too are lucky because they have nothing troubling their heart.

There is a mistake young people keep making in Nigeria.

If you're not making your income in a metropolitan city like Lagos, Abuja, PH, you don't have any business living there and paying upto 1-3m yearly rent to keep up.

You will see someone working remotely and earning in different ways online yet paying heavily to live in a city that doesn't generate income for him instead of moving to less expensive city where he can save more in a year.

you will use your votes to reinforce failure and then start blaming landlords, market women, bus drivers...d economy dey deal with your landlord too

Inspirer1:

On point

A normal 2 bedroom is between 1m to 2m. Anything less than that is shakushaku flat

for Abule Egba, e dun bad like dat?

In Benin city, 2bedroom flat with water and fenced compound is 180k- 220k.
3bedroom flat at Iriri Airport road in Benin is 1million naira. ...
On Ekenwan road 2bedroom self contain is 350k..water dey the house o no fence

Nazgul:

170-300k for 2 bedroom flat in Nigeria?

Wake up bro, we're 2024 not 2014.

You won't even see a standard 2bedroom flat for 300k in Abakaliki sef.

There is 250-300k 2bedroom flat in Abeokuta...

I just recently moved from my 250k 3bedroom flat in abeokuta Elega to be precise just because the light in that area is not constant to a 500k 3bedroom flat in a estate where there is constant electricity...

Not all landlord or landlady are greedy...

I'm from Lagos Island, and I stay in one of my family house, self contain is 200k...

So there are still some places in Nigeria you will still get value for your money...

Nazgul:

170-300k for 2 bedroom flat in Nigeria?

Wake up bro, we're 2024 not 2014.

You won't even see a standard 2bedroom flat for 300k in Abakaliki sef.

That's not true, where i currently reside i pay 150k for 2bedroom flat with even dinning, though landlord is contemplating on increasing it to 180k

Bobloco:
You don't mean it

Even with all those 2 deck, 3 deck and 4 deck buildings wey full that side

Bro you see all those 2, 3 and 4 decking at Ugwuachara, NEPA, Pastoral, Eze and Bros, kpri kpri, Udensi, down to works and Cas. The cheapest you'll see 2 bedroom flat there is 400k. And that would be with abeg plus your dialect.

As at 2020, houses were still cheap in Abakaliki. But Abakaliki being an emerging market in real estate, coupled with the high prices of building materials, most landlords have tripled their rents. I was shocked when a cousin of mine told me that he's paying 550k for 2bedroom flat at Ugwuachara. I was like for real?

Houses have become extremely expensive in Nigeria...most especially if you want a comfortable house.

chaberry:

That's not true, where i currently reside i pay 150k for 2bedroom flat with even dinning, though landlord is contemplating on increasing it to 180k

Where in Abakaliki do you reside?

150k for 2 bedroom flat in Abakaliki.

How much is self con at presco, and how much would 1 bedroom flat be?

Sufry de lie abeg.

JasonNOTStatham:
Depends on location (school area, rural and suburban seems doable)

Bedsitter 70-150K +

1 BR 90 - 180K +

2 BR 170- 300K +

Still... minimum wage (35K) won't be feasible for rent in solid 6 figures.

Is this monthly or yearly?

JasonNOTStatham:
Depends on location (school area, rural and suburban seems doable)

Bedsitter 70-150K +

1 BR 90 - 180K +

2 BR 170- 300K +

Still... minimum wage (35K) won't be feasible for rent in solid 6 figures.

How much is rent for different categories in Ibadan (Ring Road, Oluyole, Felele, Iyana Church) areas?

BloomingDale:


Is this monthly or yearly?

School area in the south here, it is yearly.

NovusHomo:


How much is rent for different categories in Ibadan (Ring Road, Oluyole, Felele, Iyana Church) areas?

"depends on location" check post

JasonNOTStatham:
Depends on location (school area, rural and suburban seems doable)

Bedsitter 70-150K +

1 BR 90 - 180K +

2 BR 170- 300K +

Still... minimum wage (35K) won't be feasible for rent in solid 6 figures.

in which town in Nigeria will u see 2 bedroom for 300k? As far as 2015 before I moved into my house, 1 bedroom flat in utako abuja was 1M. 2 bedroom in Asaba and PH in good locations go for at least 1.5M

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

How much is Ur one month wage in Canada?

Is it also one month wage in PH?

OBTMOS:

Omoh then increase my rent from 750 to 900k this year for Gwarimpa

mine too
For one estate here in lugbe oh
1 bedroom flat….na to relocate guy

I think cost of rent depends on the location and facilities .

Flier:
Go and build house if it’s easy,cost of building materials is now multiply by 3
The worse is you can never make the money you used to build the house back in 20 years.

They houses weydey, na everyday dem dey buy building materials fix am?

observanc1:
in which town in Nigeria will u see 2 bedroom for 300k? As far as 2015 before I moved into my house, 1 bedroom flat in utako abuja was 1M. 2 bedroom in Asaba and PH in good locations go for at least 1.5M

I have stayed in delta, small towns incl. a, a recent graduate friend of mine pays 70 a year, another 80 but (100) first, in Aluu (PH), there is a gal that pays about 200 a year in Alakahia and 170 in back of chem (PH), Choba 100... All student areas and bedsitter.
In Asaba it's pricey, 700+ on 2 BR is there but, I have lived in the south side (not far from warri) and 2 BR goes around that amount. If you check-out DSC houses, the prices are fine but they are old houses.

GasAndOilTheory:

Far from it.
Coat cost of living is very high in Nigeria

Surulere landlords left the chat

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

This comparison no follow at all, chief.

ravensckar:
It's just getting started o. Sometimes, I wonder how the generation will 'breathe'.

Around Sangotedo area where I currently stay (Close to BLENCO), a decent Room & Parlour self contain used to be 450K-500K per annum. Now, it's around 650K-700K. 2 bedroom flat then used to be 700K-750K, it's now 900K-1M.

I had a quarrel with my landlord late last year about the Compound Gate & pumping machine. Baba dey threaten me with Quit Notice. Meself dey shout for am sey I no send. After scouting for houses nearby and hearing the price, na me use my two leg go make peace. It's now I know why the other tennants have remained loyal.

Lagos landlord no be anybody mate.
May God help me to finish my house too this year, I don tire to dey pay rent and still dey act humble.

Exactly my scenario...."I cant take this rubb!sh, afterall i will just get another place haba"
after i scouted and saw prices plus agency fees, i humble o. Especially the agency that was the deal breaker for me
Its really somehow

Nazgul:

170-300k for 2 bedroom flat in Nigeria?

Wake up bro, we're 2024 not 2014.

You won't even see a standard 2bedroom flat for 300k in Abakaliki sef.

say what you know...
My place is a 3bedroom flat, fully tiled, spacious sitting room, two toilets 2 bath, spacious kitchen, pvc, prepaid and water dey run 24/7
300k, ibadan and na me disvirgin the house...
My landlord come nice, at the beginning of the year when you pay, he go run you 10k light on your prepaid and 10k on the water prepaid..

I dey wait for dangote fuel price drop let me see if landlords will call their tenants and drop house rent prices,

MaziX:
I prefer to live in ogun or oyo than lagos..

...and go to work in Lagos everyday . If only those incompetent governors would use their brains; they should, by now, have a regional train network between Lagos, Ogun and Oyo States.