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Based on History, Lagos Island was home to the Brazilian Quarter of Lagos where a majority of the slave trade returnees from Brazil settled. It is one of the most crowded areas in Lagos state but the state government has made plans to build new roads over the lagoon to improve traffic flows. Lagos Island is also home to the Oba of Lagos. It is a thriving hub for real estate properties- both residential and commercial properties.

Commercial properties for rent in Lagos Island come in form of warehouses, shops and office spaces being a vibrant commercial area but you are sure to find houses like duplexes, flat/apartment/ terrace homes and the likes in parts of the Lagos Island like Apongbon, C.M.S, Marina, Obalende and Onikan.

The houses for rent in Lagos Island are mostly old buildings but most of them are well maintained. The rent prices differ on Lagos Island according to the type of property, the location of the property and the state of the real estate, but the rent price of a duplex in Lagos Island starts from N3,500,000 per annum.