Affordable Places to Live Near Lekki Phase 1 (2026 Guide)
Lekki Phase 1 is one of Lagos’ most desirable residential districts.
Lekki Phase 1 has a certain reputation in Lagos. It’s the place people mention when they talk about “making it.” Tree-lined streets, buzzing cafés, gyms that never seem empty, and a lifestyle that blends work, leisure, and social life into one neat package.
But there’s a reality many people discover the moment they start house hunting. Flats for rent in Lekki Phase 1 now average around ₦15,000,000 per annum.
For many professionals, families, and even business owners, that price isn’t just high, it’s a hard stop. And yet, people still want to live near Lekki Phase 1. Close enough to enjoy the lifestyle, commute easily to work, and remain connected to Victoria Island and Ikoyi.
So where do people actually go when Lekki Phase 1 prices push them out?
This guide walks you through the affordable places to live near Lekki Phase 1, not as a list, but as a journey through the neighbourhoods where smart renters and buyers quietly settle.
Why Everyone Still Wants to Live Around Lekki Phase 1
Lekki Phase 1 isn’t just popular because it’s trendy. It’s practical.
From here, you are minutes away from:
Major offices in Victoria Island
Popular restaurants, lounges, and beaches
International schools and hospitals
Supermarkets, malls, and gyms
High-demand commercial property locations
It’s also a strong real estate zone with a wide mix of houses, flats, apartments, duplexes, land, and commercial properties. Demand rarely drops even during slow markets.
That demand is exactly why prices keep climbing. Living nearby, instead of inside Lekki Phase 1, has become the smarter play.
Ikate (Elegushi)
If Lekki Phase 1 had a younger sibling, it would be Ikate.
The first thing people notice about Ikate is how familiar it feels. The streets look similar. The buildings feel modern. The lifestyle doesn’t feel like a downgrade.
Ikate sits just outside Lekki Phase 1 and has become one of the most searched locations for apartments and flats for rent near Lekki Phase 1.
Why do people choose Ikate
You’re paying slightly less, but still living the Lekki Phase 1 lifestyle. For young professionals and couples, it’s often the first stop after being priced out of Phase 1.
What to Expect
Modern apartments and serviced flats
One- and two-bedroom units
Gated streets in some sections
Waking up and getting to Lekki Phase 1 in under 10 minutes
Good access to Lekki Phase 1, VI, and the Lekki-Epe Expressway
Agungi
Agungi doesn’t shout for attention and that’s exactly why families love it.
Located deeper along the Lekki Peninsula, Agungi offers a calmer, more residential feel. Here, the streets feel less commercial, and the houses feel more intentional.
This is where people go when they want space, stability, and better value for money.
Living in Agungi Feels Like
Larger flats and terrace houses
Less traffic inside residential streets
Growing gated estates
A strong sense of neighbourhood
Distance to Lekki Phase 1: 10–15 minutes
Best for families, long-term renters, buyers
Why do people choose Agungi?
You get more space for your budget. If you’re renting long-term or buying, Agungi offers better value than Lekki Phase 1 while still keeping you within reach.
Jakande
Living in Jakende is honest. It doesn’t pretend to be luxury, but it gives people something even more important access. For many first-time renters searching for flats for rent near Lekki Phase 1, Jakande is where the numbers finally make sense.
Living in Jakande Feels Like
Affordable mini-flats and self-contained apartments
A lively local environment with markets and shops
Quick access to the Lekki-Epe Expressway
A mix of old and renovated buildings
Why do people choose Jakande
It’s one of the most affordable ways to stay close to Lekki Phase 1. If budget matters more than aesthetics, Jakande delivers.
Ilasan
Ilasan sits in between worlds.
Not as busy as Lekki Phase 1, not as dense as some older Lekki areas, it’s a neighbourhood quietly evolving. Developers are paying attention, and so are renters who want to get in early.
Living in Ilasan Feels Like
A blend of new apartments and older flats
Competitive rent compared to Lekki Phase 1
Easier movement toward VI and Chevron
A neighbourhood still finding its identity
Why do people choose Ilasan
You get flexibility. Renters enjoy fair pricing, while buyers and investors see long-term appreciation potential.
Chevron
Chevron appeals to people who want order.
Wide roads, gated estates, organised layouts, it’s a noticeable shift from the busier streets closer to Lekki Phase 1.
Living in Chevron Feels Like
Duplexes, terraces, and spacious flats
Better parking and estate security
A more family-oriented environment
A slightly longer commute, but smoother living
Why do people choose Chevron
Chevron offers structure and space. For families and buyers, it often feels more sustainable than the constant pressure of Lekki Phase 1.
Why More People Are Choosing “Near” Instead of “Inside” Lekki Phase 1
With ₦15,000,000 per annum flats in Lekki Phase 1, the conversation has changed.
People now prioritise
Livability over address
Commute over prestige
Space over hype
The areas surrounding Lekki Phase 1 aren’t compromises; they’re strategic choices.
They also present opportunities for
Rental income
Property appreciation
Commercial property development
As Lekki Phase 1 continues to grow denser and more expensive, nearby neighbourhoods will keep absorbing demand.
Final Thoughts: The Smart Way to Live Around Lekki Phase 1
Living near Lekki Phase 1 is no longer about chasing status. It’s about making smart decisions.
Whether you’re searching for houses, flats, apartments, land, or commercial property, these nearby areas offer a balance between cost, comfort, and access.
Frequently Asked Questions About Living Near Lekki Phase 1
What are the most affordable places to live near Lekki Phase 1?
Some of the most affordable places to live near Lekki Phase 1 include Ikate (Elegushi), Agungi, Jakande, Ilasan, and Chevron. These areas offer lower rent and purchase prices while still providing easy access to Lekki Phase 1, Victoria Island, and Ikoyi.
How much does it cost to rent a flat in Lekki Phase 1?
Flats for rent in Lekki Phase 1 can cost around ₦15,000,000 per annum, depending on the location, building type, and level of finishing. This is why many renters choose nearby neighbourhoods with more affordable options.
Are there cheaper alternatives to Lekki Phase 1 with good road access?
Yes. Areas like Ikate, Agungi, and Ilasan offer good road access to Lekki Phase 1 and the Lekki-Epe Expressway, making them popular alternatives for people who want shorter commute times without premium rent.
Is Ikate cheaper than Lekki Phase 1?
Ikate is generally more affordable than Lekki Phase 1. While it shares similar lifestyle benefits and proximity, rents for apartments and flats in Ikate are typically lower, especially in less commercialized streets.
Which area near Lekki Phase 1 is best for families?
Families often prefer Agungi and Chevron for their quieter environments, larger housing options, gated estates, and better space for long-term living.
Can I find apartments and houses for rent near Lekki Phase 1?
Yes. Neighbourhoods around Lekki Phase 1 offer a wide range of apartments, flats, houses, duplexes, and even commercial property for rent at more affordable rates compared to living directly inside Lekki Phase 1.
Is buying property near Lekki Phase 1 a good investment?
Buying property near Lekki Phase 1 can be a smart investment. As rental prices within Lekki Phase 1 continue to rise, demand spills into surrounding areas, increasing rental yield and long-term property value.
Are there commercial property opportunities near Lekki Phase 1?
Yes. Many surrounding neighbourhoods offer growing opportunities for commercial property, including office spaces, shops, and mixed-use developments, benefiting from proximity to Lekki Phase 1’s business activity.
