Nigerian Tenants: Rent High, Hopes Low
Living in Nigeria, especially in cities like Abuja and Lagos, can feel like trying to stay on top of a game where the rules keep changing. For tenants, the challenges aren’t just about finding a house it’s about dealing with rent hikes, unpredictable landlord decisions, and a housing market that seems to work against them.
1. The Rent Rollercoaster
In Nigeria, rent seems to have a mind of its own. One year, it’s somewhat affordable, and the next, your landlord hits you with a sudden 30% increase, like it’s no big deal. No heads-up, no explanation, just a new rent demand that leaves tenants struggling to adjust or scrambling
to find a new place.
The reasons? A mix of inflation, high demand, and sometimes, landlords just taking advantage. They may claim that the rising cost of living is forcing their hand, but for tenants already dealing with expensive food, fuel, and electricity, it feels impossible to keep up.
2. House-Hunting Woes
Ask any Nigerian tenant about house-hunting, and they’ll probably just sigh. Finding an
affordable, decent home is like searching for gold. You’ll face:
- Agents with Fees: Many agents charge “inspection fees” upfront even if the apartment they show you looks like it’s falling apart.
- Overpriced Apartments: Imagine paying luxury prices for a one-bedroom flat with cracked walls and no running water.
- Bidding Wars: It’s not just for buyers anymore tenants now compete to outbid each other, driving up rental prices even more.
3. Power-Play Landlords
For many Nigerian tenants, landlords hold all the cards. Some enforce strict, and sometimes ridiculous, rules no pets, no visitors, no minor renovations even when you’re paying a lot of money. If repairs are needed, tenants often face delays, yet the rent keeps coming due
without fail.
4. The Housing Shortage
One big issue is the lack of affordable housing. Nigeria’s population is growing fast, but new, affordable homes aren’t being built at the same pace. This leaves many people stuck in an overcrowded rental market, where demand keeps pushing prices higher.
If an investment is structured as a financial commitment—such as a mortgage or a lease-to- own agreement—delays, defaults, or company insolvency can negatively impact your credit
rating. This can restrict access to future financing options.
5. Finding a Way Forward
Despite the challenges, there are a few things tenants can do to protect themselves:
- Know Your Rights: Nigeria has tenancy laws that protect tenants. Understanding these laws can help if issues arise.
- Plan Your Budget: Set aside a portion of your income specifically for rent and potential increases
- Negotiate: Some landlords might agree to smaller rent increases, especially if you’ve been a good tenant.
- Consider Shortlets: If long-term rentals feel too risky, shortlets offer more
flexibility though they tend to cost more per month.