For a 3 Bedrooms flat in Ikoyi, you're looking at ₦2,500,000 to ₦65,000,000 yearly. Starter luxury units begin around ₦2,500,000, but if you want waterfront views, penthouses, or smart home setups, prices climb to ₦65,000,000 and beyond. Location matters hugely; properties near Banana Island or along the waterfront cost significantly more than those inland. Estate facilities and furnishing status also affect pricing considerably.

Wondering if there's a difference between flats and apartments in Ikoyi? There isn't one. Nigerians use both words to refer to the same thing; self-contained units within multi-unit buildings. Whether a listing says 'flat' or 'apartment', you're looking at the same type of accommodation. The real distinction is between these units and standalone houses, duplexes, or single-room self contains.

Ikoyi offers both, though many landlords here prefer renting unfurnished to attract long-term tenants. Bare units run ₦2,500,000 to ₦65,000,000 per year. Furnished properties with high-end appliances, designer furniture, and premium finishes cost an additional ₦3,000,000 to ₦7,000,000 more annually; about 30-50% higher than unfurnished. A lot of Ikoyi properties come semi-furnished with built-in wardrobes, kitchen cabinets, and sometimes ACs. You can filter by furnishing type on ExpertListing.

Expect 24/7 armed security, backup generators (or uninterrupted power in premium estates), elevators, swimming pools, high-end gyms, and ample parking in Ikoyi properties. Top-tier buildings feature concierge services, waterfront or marina access, private jetties, and treated water systems. You'll find smart home technology, central air conditioning, and advanced fire suppression in newer developments. Most buildings have CCTV everywhere, professional property management, and some offer spa facilities or rooftop lounges. Ikoyi properties generally have the best amenities in Lagos, but always verify what specific buildings offer with owners on ExpertListing.

Every landlord on ExpertListing undergoes verification before listing, and you'll see verification badges on each property. Still, protect yourself by: First, schedule a physical viewing using our map location. Second, request the C of O or Governor's Consent and verify it's genuine. Third, confirm the landlord's ID matches property documents. Fourth, never hand over rent money without a signed tenancy agreement. Fifth, keep all conversations on ExpertListing's messaging system for your protection.

Honestly? Probably not unless you're already doing exceptionally well or have family money. Ikoyi 3-bedroom flats cost what many young couples earn in a year or more. It's more for established professionals, senior executives, diplomats, and old money families. If you're a young family just building your careers, you'd stretch your finances dangerously thin trying to afford Ikoyi rent. Better to start in areas like Lekki Phase 1, VGC, or even quality Mainland estates where you get good accommodation without financial stress. That said, if both partners are in high-paying fields (oil and gas, tech leadership, senior banking), pulling in serious combined income, Ikoyi's prestige, security, and tranquility might justify the cost. Just be realistic about your finances and don't sacrifice savings and investments for address prestige.