Best Locations in Nigeria for Short-Term Rentals

The short-term rental market in Nigeria is rapidly growing, driven by increasing travel for business, tourism, and lifestyle preferences.

Many Nigerians and expatriates are looking for comfortable, well-furnished accommodations that provide better flexibility and affordability than hotels.

If you’re considering investing in short-term rentals, location is one of the most critical factors that determine profitability.

In this blog post, we will explore the best locations for short-term rentals in Nigeria based on demand, tourism, business activities, and security.

These locations provide high rental yields, ensuring maximum return on investment for property owners.

1. Lagos

Lagos is the commercial capital of Nigeria and the most populated city in the country. It boasts a vibrant economy and attracts a diverse range of visitors, including business executives, expatriates, tourists, and digital nomads.

Why Lagos is a Prime Location for Short-Term Rentals:

High demand from corporate travellers and expatriates
Strong tourism appeal, with attractions like beaches, cultural centres, and nightlife
Accessibility to major business districts
Lagos has the highest influx of visitors in Nigeria

Best Areas for Short-Term Rentals in Lagos:

Victoria Island & Ikoyi: These are upscale neighbourhoods with a strong expatriate and business community. Rentals here command high prices.
Lekki: Known for its modern housing estates, Lekki is ideal for tourists and young professionals.
Ikeja GRA: Close to the airport, Ikeja GRA attracts business travellers and tourists looking for a quiet yet accessible location.

2. Abuja

As Nigeria’s capital city, Abuja attracts government officials, business professionals, and international diplomats. The city is well-planned, with excellent infrastructure, making it an attractive location for short-term rentals.

Why Abuja is Ideal for Short-Term Rentals:

Frequent visits from government officials, expatriates, and business executives
Secure and well-developed neighbourhoods
High rental rates due to the demand for premium accommodation

Best Areas for Short-Term Rentals in Abuja:

Maitama: One of the most prestigious areas, with luxury rentals for high-profile clients.
Wuse & Asokoro: These locations attract both business and government visitors.
Gwarinpa: Offers more affordable rental options with modern infrastructure.

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3. Port Harcourt

Port Harcourt is the oil and gas hub of Nigeria, attracting professionals working in the energy sector. The presence of expatriates and corporate visitors makes short-term rentals a profitable investment.

Why Port Harcourt is a Top Location:

High demand from oil and gas industry workers
Strong market for serviced apartments and luxury rentals
Good infrastructure and modern housing estates

Best Areas for Short-Term Rentals in Port Harcourt:

Old GRA & New GRA: Preferred by expatriates and business travellers.
Peter Odili Road: A prime area with high-end residential properties.
Choba & Elelenwo: Affordable locations with growing rental demand.

4. Ibadan

Ibadan is one of Nigeria’s largest cities, offering a lower cost of living and an emerging real estate market. It is gaining attention from digital nomads and budget-conscious travellers.

Why Ibadan is a Good Investment:

Increasing interest from remote workers and young professionals
Lower cost of property investment compared to Lagos and Abuja
Growing hospitality and tech industry

Best Areas for Short-Term Rentals in Ibadan:

Bodija: A prime residential area with modern apartments.
Agodi GRA & Jericho: Secure neighbourhoods attracting business travellers.
Ring Road: A commercial hub with affordable rental options.

5. Enugu

Enugu is a fast-growing city with strong tourism, business, and academic appeal. The city is known for its scenic landscapes and high standard of living.

Why Enugu is a Strategic Location:

Attracts visitors for business, tourism, and academic purposes
Real estate development is booming
The city has a reputation for safety and good infrastructure

Best Areas for Short-Term Rentals in Enugu:

Independence Layout: A highbrow area with premium accommodations.
New Haven: A lively district with strong rental demand.
GRA: A top choice for business travellers and expatriates.

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6. Calabar

Calabar is known for its rich culture, festivals, and tourist attractions. It is a popular destination during festive seasons, particularly the Calabar Carnival.

Why Calabar is a Good Investment:

High seasonal demand during major events
Strong appeal for local and international tourists
Opportunities for unique, themed short-term rentals

Best Areas for Short-Term Rentals in Calabar:

Marian Road: A central location with good access to amenities.
State Housing Estate: A premium area with modern housing.
Satellite Town: An affordable location with growth potential.

7. Uyo

Uyo is gaining recognition for its hospitality industry, making it an upcoming market for short-term rentals.

Why Uyo is an Attractive Location:

Increasing tourism and business activities
High growth potential due to low competition
Modern infrastructure and developing real estate market

Best Areas for Short-Term Rentals in Uyo:

Shelter Afrique: A secure residential area with modern apartments.
Ewet Housing: A popular choice for business visitors.
Osongama Estate: Well-planned with great rental potential.

8. Owerri

Owerri is known for its nightlife, events, and growing hospitality sector.

Why Owerri is a Smart Investment Choice:

Popular among travellers for leisure and business
Consistent rental demand throughout the year
Growing real estate market

Best Areas for Short-Term Rentals in Owerri:

Ikenegbu: A central location with strong demand.
World Bank: Affordable and growing in popularity.
Aladinma Estate: Well-developed and ideal for business travellers.

9. Kano

Kano is a major trading hub in Northern Nigeria, attracting business travellers and entrepreneurs.

Why Kano is a Viable Short-Term Rental Market:

High demand from traders and business travellers
A mix of luxury and budget rental needs
Well-developed transport infrastructure

Best Areas for Short-Term Rentals in Kano:

Nassarawa GRA: Preferred by business executives.
Farm Centre: A high-traffic area for rentals.
Tarauni: Affordable and growing in demand.

10. Asaba

Asaba serves as a transit point between the East and West of Nigeria, attracting business and leisure travellers.

Why Asaba is a Great Short-Term Rental Market:

Frequent business and leisure travellers
Proximity to Onitsha, a major commercial hub
Growing demand for well-furnished rental apartments

Best Areas for Short-Term Rentals in Asaba:

Okpanam Road: A busy area with strong rental demand.
GRA: A high-end location for premium rentals.
Summit Road: A commercial hub attracting travellers.

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Conclusion

Investing in short-term rentals in Nigeria can be highly profitable if you choose the right location.

Lagos, Abuja, and Port Harcourt remain the top choices for high returns while emerging cities like Ibadan, Uyo, and Asaba provide growth opportunities.

By focusing on demand, security, and accessibility, investors can maximize their rental income in these strategic locations.