Shortlet Apartments in Lagos: A Complete Guide

Shortlet apartments have become one of the fastest-growing property segments in Lagos. Whether you are looking to book a furnished apartment for a short stay or you are considering investing in the shortlet market, this guide covers everything you need to know.

What Is a Shortlet Apartment?

A shortlet apartment is a fully furnished, self-contained unit that can be rented for short periods — typically one night to three months. Unlike a hotel, a shortlet gives you the privacy, space, and comfort of a home. Most shortlets in Lagos include amenities like Wi-Fi, DSTV, kitchen equipment, air conditioning, and backup power.

Why Lagos Shortlets Are in High Demand

• Business travellers: Lagos is Nigeria's commercial capital. Corporate visitors and consultants prefer shortlets to hotels for extended stays.
• Relocating families: Families moving to Lagos often need temporary accommodation while searching for a permanent home.
• Diaspora visitors: Nigerians returning from abroad prefer the comfort of a home environment.
• Event guests: Lagos hosts many conferences, weddings, and social events that draw visitors who prefer private accommodation.

Shortlet Rates in Lagos (2025)

Rates vary by location, apartment size, and quality of furnishing:

• 1-bedroom shortlet (Amuwo-Odofin): ₦25,000 – ₦50,000 per night
• 2-bedroom shortlet (Amuwo-Odofin / Festac): ₦40,000 – ₦80,000 per night
• 3-bedroom shortlet (Lekki / Victoria Island): ₦100,000 – ₦250,000 per night

Monthly rates are typically 20–30 cheaper than daily rates multiplied out.

Investing in Shortlet Apartments

Shortlets can generate significantly higher returns than traditional annual rentals. A 1-bedroom apartment in Amuwo-Odofin that rents for ₦600,000 per year on an annual lease can earn ₦3,000,000 or more per year as a shortlet — if managed well and consistently booked.

Key requirements for a profitable shortlet investment:

• Good location with easy access to business districts and transport links
• Reliable 24-hour power (generator or solar)
• High-speed Wi-Fi
• Quality furnishing and regular maintenance
• Professional management or partnership with an experienced shortlet manager

Our Shortlet Listings in Amuwo-Odofin

Amuwo Properties Solutions manages and lists shortlet apartments across Amuwo-Odofin, Satellite Town, Festac Town, and Mile 2. View our current shortlet listings or contact us to discuss investment opportunities in this growing market.