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Shortlet Apartments in Nigeria: How They Work, Costs & Where to Find Them

What shortlets are, how they differ from hotels and annual rentals, what drives the price, where they cluster and how to book safely.

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A shortlet (short-let) apartment is a fully furnished home you rent by the night, week or month instead of signing a one-year lease — a private, self-contained alternative to a hotel room. In Nigeria, shortlets cluster in the serviced-apartment belts of Lagos (Lekki, Victoria Island, Ikoyi, Ikeja) and Abuja, with power, wifi, cleaning and security bundled into the rate. They suit travellers, people relocating, families on staycation and business guests who want space and privacy at a predictable nightly price.

Quick answer: A shortlet is a furnished apartment let by the day, week or month — hotel-style flexibility, home-style space. Indicative nightly rates run from roughly ₦25,000–₦45,000 for a studio/1-bed in a mid area up to ₦120,000–₦400,000+ for premium apartments on Lekki Phase 1, VI or Ikoyi, almost always including power, wifi, cleaning and security. Best for short trips, relocation gaps, staycations and business. Figures indicative — check live listings below.

Shortlet vs hotel vs annual rent

A hotel is a room with service but little space and no kitchen; an annual (long-let) rental gives a whole flat but demands a year’s rent up front plus an empty space to furnish. A shortlet sits in the middle — a complete furnished flat with bills bundled in, paid by the night, week or month. Hotels suit a night or two, annual rent suits the long term, and a shortlet suits anything in between.

What drives the nightly price — and what’s included

Two shortlets of the same size can be priced very differently. The biggest driver is location — a one-bed on Lekki Phase 1 or Ikoyi commands far more than in Ikeja. After that come size and finish, building facilities (pool, gym, lift, 24-hour power), and timing (December, long weekends and events push rates up sharply). A good rate bundles in power (grid plus backup generator or inverter), wifi, cleaning before arrival, and estate security (gated, with guards and often CCTV); linen, towels, kitchenware and a smart TV are standard. Always check what sits outside the rate too: a refundable caution deposit and sometimes a one-off service fee.

Where shortlets cluster — and indicative rates

Shortlets gather where business and leisure guests want to be. In Lagos that means the island — Lekki Phase 1 is the busiest shortlet market — plus Victoria Island and Ikoyi, with Ikeja handy for the airport. Abuja’s cluster in Maitama, Wuse, Jabi and Gwarinpa. Treat the bands below as a starting point and anchor your budget to the live listings above.

Area Indicative nightly band Best for
Lekki Phase 1 ₦45,000–₦250,000+ Leisure, business, staycation
Victoria Island ₦60,000–₦300,000+ Corporate & business travel
Ikoyi ₦90,000–₦400,000+ Premium & family stays
Ikeja ₦25,000–₦90,000 Airport runs, mainland trips
Abuja (Maitama/Wuse/Jabi) ₦35,000–₦200,000+ Capital business & events

Bands are indicative and move with season, demand and finish — the live listings above show what is actually available now.

Who shortlets are for

Travellers get more room and a kitchen for less than a comparable hotel suite. People relocating use a shortlet as a soft landing while they hunt for an annual rental. Families and couples book them for staycations and events, and business guests favour units near VI and Ikeja for the space, privacy and a proper desk.

How to book a shortlet safely

Shortlet demand attracts scammers, and the con looks the same: an attractive flat, pressure to act fast, and a request to pay into a personal bank account to “secure the code” — after which the person vanishes. Protect yourself with a few habits:

  • Never pay into a personal account for a code, key or “reservation” before verifying the listing and host.
  • Confirm the listing on apartments.ng and deal through the platform rather than moving payment off it.
  • Be wary of prices far below the area band, or of anyone refusing a video walkthrough or inspection.
  • Get the address, house rules and total cost in writing, and keep every receipt.
Short-let vs long-let: run the numbers

See median asking prices, rental yields and short-let vs long-let analysis for short-let hotspots and beyond — live from apartments.ng listings.

Explore live market data →

For owners: short-let vs long-let returns

If you own a furnished flat in a hotspot, a well-occupied apartment on Lekki Phase 1 or VI can out-earn the same unit let annually — but the gross is not the whole story. Shortlets are a hospitality business: you carry furnishing, cleaning, utilities, management, guest communication and the void nights between bookings, and occupancy swings with the season. Annual letting earns less per night but is steadier and far less hands-on — one tenant, one payment. The right choice depends on your location, how actively you can manage the unit and your appetite for variable income; use the tool above to compare for your area.

Frequently asked questions

What is the difference between a shortlet and a serviced apartment?

They overlap heavily. “Shortlet” describes the flexible booking; “serviced apartment” stresses the hotel-style extras. Most Nigerian shortlets are serviced apartments let on a shortlet basis.

Can I book a shortlet for a whole month?

Yes — many hosts offer discounted weekly and monthly rates, making shortlets a popular bridge for people relocating or on long work assignments before committing to an annual lease.

Is a caution deposit normal?

A refundable caution deposit is common and reasonable — it covers damage and is returned after checkout. What is not normal is being told to pay it into a personal account for a “code”.

Keep exploring

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Apartments Nigeria

Property research, real estate guides, and market insight across Lagos, Abuja, and nationwide. Information verified against statutory sources and live listings on Apartments.ng.