Everything you need to know about finding affordable, verified room accommodation in Banana Island.
Banana Island is the most exclusive residential enclave in Lagos, an artificial island connected to Ikoyi. It is home to some of the most expensive properties in West Africa.
Typical Price Range
₦400,000 - ₦1,000,000+
Character
ultra-luxury exclusive island
Transport
Accessible via a single road from Ikoyi. Private vehicles and ride-hailing only.
Nearby Landmarks
Banana Island Gate, Ikoyi Bridge
Popular Amenities Renters Look For
Banana Island is located in the Eti-Osa Local Government Area of Lagos State. It is known as a ultra-luxury exclusive island and attracts a diverse mix of residents including young professionals, families, and students.
Room prices in Banana Island typically range from ₦400,000 - ₦1,000,000+ per month. Prices vary based on room type, furnishing, and specific location within the area.
Single Room
Budget-friendly
Shared Room
Most affordable
Self Contained
Mid-range
Studio
Premium
Accessible via a single road from Ikoyi. Private vehicles and ride-hailing only.
Room prices in Banana Island typically range from ₦400,000 - ₦1,000,000+ per month depending on room type and amenities. Self-contained rooms and studio apartments tend to be at the higher end. The area is known as a ultra-luxury exclusive island neighbourhood.
Banana Island is generally considered a ultra-luxury exclusive island area in Lagos. Key landmarks include Banana Island Gate, Ikoyi Bridge. As with any neighbourhood, we recommend visiting the property before booking, using our escrow payment system, and only dealing with BVN-verified hosts on SpareRoom Nigeria.
On SpareRoom Nigeria, all hosts must complete BVN and government ID verification. Browse our verified listings in Banana Island, filter by room type and budget, and pay securely through our Paystack escrow system. Popular amenities in Banana Island rooms include AC, Security, Generator, Parking, Gym, Pool, CCTV.
Accessible via a single road from Ikoyi. Private vehicles and ride-hailing only.
Yes. SpareRoom Nigeria operates on a monthly room license model — not a traditional tenancy. You pay month-to-month with no long lock-in periods. This is ideal for professionals, students, and anyone who needs flexible accommodation in Banana Island. Current prices range from ₦400,000 - ₦1,000,000+.
Browse verified rooms with escrow-protected payments.
Browse Rooms in Banana Island