Ikate, Lekki remains one of the most strategic residential locations in Lagos. Close to major business hubs, malls, schools, and the Lekki-Epe Expressway, it offers a balance of comfort and accessibility.
If you’re working with a budget of ₦12 million and below, here are solid options currently available in Chisco, Ikate, Lagos.
1️⃣ Spacious 1-Bedroom Apartment – ₦6 Million
If you want something simple, modern, and easy to maintain, this is a great option.
- Rent: ₦6,000,000
- Service Charge: ₦500,000
- Agency/Legal (ALC): 10%
- Location: Chisco, Ikate
This works perfectly for young professionals, remote workers, or anyone who wants to live in Lekki without overstretching their budget.
2️⃣ Economical 2-Bedroom Apartment – ₦8 Million
This is ideal if you need extra space without jumping into double-digit rent.
- Rent: ₦8,000,000
- Service Charge: ₦500,000
- ALC: 10%
- Location: Chisco, Ikate
A good fit for small families, roommates, or someone who wants a home office setup.
3️⃣ 5-Bedroom Terrace Duplex with BQ – ₦10 Million
Yes, you read that right — a 5-bedroom terrace in Ikate within ₦10M.
- Rent: ₦10,000,000
- Service Charge: ₦1,500,000
- ALC: 10%
- Location: Chisco, Ikate
Perfect for large families, shared living arrangements, or executives who want generous space.
4️⃣ 5-Bedroom Terrace Duplex with BQ – ₦12 Million
If you want something more premium but still within the ₦12M cap:
- Rent: ₦12,000,000
- Service Charge: ₦1,300,000
- ALC: 10%
- Location: Chisco, Ikate
This offers ample living space, ideal for families that prioritize comfort and estate living.
5️⃣ Consider Sharing the 5-Bedroom Option
One smart strategy many Lekki residents use: co-living.
For example:
- ₦10M ÷ 5 occupants = ₦2M per person (excluding service charge & fees)
If structured properly, this can drastically reduce your living cost while enjoying premium space.
Why Ikate Still Makes Sense
Ikate remains one of the most desirable parts of Lekki because:
- Proximity to Lekki Phase 1
- Access to malls, schools, and restaurants
- Secure estate environments
- Strong rental demand
If you’ve been thinking that “Lekki is too expensive,” these listings show that opportunities still exist — especially when you act fast.
