The monthly shortlet in Ibadan price range has become a crucial consideration for professionals, business travelers, and families seeking flexible accommodation in Nigeria’s third-largest city. With its expanding business districts, educational institutions, and growing hospitality sector, Ibadan is witnessing a surge in demand for furnished short-term rentals.
Whether you are relocating from Lagos, staying for corporate assignments, or visiting for leisure, understanding the monthly shortlet price range in Ibadan is essential for making informed rental decisions. This guide explores the typical prices, prime neighborhoods, amenities, factors affecting cost, and investment potential of monthly shortlet in Ibadan price range.
Understanding the monthly shortlet in Ibadan price range for various apartment types from affordable, budget-friendly studios and one-bedroom units to mid-range two-bedroom monthly shortlet in Ibadan price range and luxurious three-bedroom duplexes enables tenants to plan their accommodation expenses with greater accuracy and confidence. This knowledge ensures that prospective residents can carefully select a monthly shortlet in Ibadan price range that not only aligns with their budget but also satisfies their individual lifestyle preferences, comfort needs, and convenience expectations.
Understanding Monthly Shortlet Apartments in Ibadan
A monthly shortlet in Ibadan refers to a fully furnished apartment or serviced unit that is available for rent on a short-term basis, typically ranging from a few weeks to several months. Unlike standard rentals, shortlets provide hotel-like amenities such as housekeeping, Wi-Fi, air conditioning, and security, while offering the privacy and convenience of a home.
Shortlet apartments cater to business travelers, tourists, expatriates, and even locals who need temporary housing without committing to long-term leases.
Shortlet apartments are increasingly becoming the accommodation of choice for a wide range of tenants, including business travelers, visiting tourists, expatriates relocating for work, and even local residents who require temporary housing without the long-term commitment of traditional leases.
When considering the monthly shortlet in Ibadan price range, it is important to note that these apartments are spread across some of the city’s most sought after neighborhoods, including Jericho GRA, Bodija, Agodi GRA, Ring Road, and Alalubosa Estate.
Average Monthly Shortlet in Ibadan Price Range
The monthly shortlet in Ibadan price range varies depending on location, apartment size, furnishing quality, and available amenities. Ibadan’s neighborhoods offer a mix of affordable, mid-range, and luxury options for short-term tenants.
The monthly shortlet in Ibadan price range can vary considerably based on a variety of factors, including the specific location of the apartment, the overall size and layout of the unit, the quality and style of furnishings, and the range of modern amenities provided to tenants. By understanding the factors that influence the monthly shortlet in Ibadan price range, tenants and investors alike can make informed decisions that align with their budget, lifestyle preferences, and desired level of convenience.
Monthly Shortlet in Ibadan Price Range For Studio Shortlets – ₦150,000 to ₦250,000 per Month
Ideal for single professionals, students, or short-term visitors, studio shortlets provide compact living spaces that are fully furnished.
Common Locations: Ring Road, Challenge, and Akobo
Amenities Include:
- Fully furnished bedroom and living area
- Compact kitchenette with appliances
- High-speed Wi-Fi and smart TV
- Air conditioning and ceiling fan
- 24 hour electricity with inverter backup
- Water heater and laundry facilities
- Housekeeping and daily cleaning services
- Security guards and controlled gate access
- Parking space for residents
- Proximity to restaurants, shops, and transport hubs
1-Bedroom Monthly Shortlets Price Range – ₦250,000 to ₦400,000 per Month
These apartments are perfect for professionals or couples who require more privacy and comfort.
Common Locations: Bodija, Alalubosa Estate, and Ring Road
Amenities Include:
- Fully furnished living and dining area
- Modern kitchen with appliances
- 24-hour power supply and backup generator
- Wi-Fi, cable TV, and entertainment systems
- Dedicated parking and carport
- Housekeeping and cleaning services
- Air conditioning throughout the apartment
- Security patrol and CCTV monitoring
- Laundry facilities and water heater
- Close to corporate offices, malls, and schools
2-Bedroom Monthly Shortlets Price Range – ₦400,000 to ₦700,000 per Month
Suitable for families, small groups, or corporate clients, 2-bedroom shortlets provide extra space and comfort.
Common Locations: Jericho GRA, Agodi GRA, Bodija
Amenities Include:
- Two ensuite bedrooms
- Spacious living and dining areas
- Fully equipped kitchen with modern appliances
- High-speed Wi-Fi and cable TV
- Gym and swimming pool access (premium buildings)
- 24/7 security with gated entry
- Backup power and inverter systems
- Balcony or terrace for relaxation
- Housekeeping and concierge services
- Private parking and visitor spaces
3-Bedroom and Duplex Monthly Shortlets Price Range – ₦700,000 to ₦1.2 Million per Month
These high-end shortlets are designed for executives, expatriates, and families seeking luxury living with all amenities included.
Common Locations: Agodi GRA, Jericho GRA, Alalubosa Estate
Amenities Include:
- Three ensuite bedrooms and a guest restroom
- Stylish interiors with premium finishing
- Fully fitted kitchen with appliances
- Swimming pool, gym, and recreational lounge
- 24-hour electricity and standby generator
- Private parking and controlled estate access
- Concierge and cleaning services
- Wi-Fi, smart TV, and entertainment systems
- Balcony with city or garden views
- Optional chauffeur and airport transfer services
Why Monthly Shortlets Are Popular in Ibadan
The popularity of monthly shortlets in Ibadan is fueled by multiple factors:
- Flexibility: Tenants can rent for a few weeks to several months without committing to long leases.
- Fully Furnished: Ready to move in apartments eliminate the need to purchase furniture.
- Convenience: Amenities such as cleaning, security, and internet are often included.
- Prime Locations: Shortlets are available in desirable areas close to business districts, schools, and shopping centers.
- Cost-Effective: For short-term stays, monthly shortlet in Ibadan price range can be more economical than hotels.
- Professional Management: Many monthly shortlet in Ibadan price range and shortlets are managed by real estate firms, ensuring high-quality services.
- Safety and Security: Gated estates and 24 hour security provide peace of mind.
- Lifestyle Amenities: Access to gyms, swimming pools, and lounges enhances the tenant experience.
- Corporate Demand: Ideal for companies relocating staff temporarily or hosting visiting clients.
- Investment Potential: monthly shortlet in Ibadan price range can generate higher rental yields for investors compared to traditional long-term rentals.
Top Neighborhoods for Monthly Shortlets in Ibadan
1. Bodija
Bodija is a vibrant area combining tradition and modern residential developments. Monthly shortlets in Bodija cater to professionals, families, and students.
Price Range: ₦250,000 – ₦500,000/month
Amenities Include:
- 24/7 power supply
- High-speed Wi-Fi
- Smart TV and DSTV connection
- Fitted kitchen
- Air conditioning
- Housekeeping services
- Water heater and laundry area
- Gated security with CCTV
- Ample parking space
- Nearby supermarkets and restaurants
2. Jericho GRA
Price Range: ₦450,000 – ₦800,000/month
Amenities Include:
- Elevator access
- Swimming pool
- Fully equipped gym
- Backup generator/inverter
- High-speed internet
- Smart home automation
- Ample car park
- 24/7 armed security patrol
- Recreational lounge
- Cleaning and concierge service
3. Agodi GRA
Price Range: ₦700,000 – ₦1.2 million/month
Amenities Include:
- Luxury finishing and modern furnishing
- 24-hour electricity and water
- Smart security system
- Swimming pool and fitness center
- Fully fitted kitchen with appliances
- Spacious balcony and living area
- On-site management staff
- Wi-Fi and cable TV
- Private parking garage
- Standby generator and inverter
4. Ring Road
Price Range: ₦200,000 – ₦400,000/month
Amenities Include:
- Compact furnished spaces
- Kitchenette with utensils
- Solar-powered backup
- Wi-Fi and cable TV
- 24/7 water and electricity
- Car parking space
- Security guards
- Air conditioning units
- Housekeeping services
- Close proximity to malls, hospitals, and eateries
5. Oluyole & Alalubosa Estate
Price Range: ₦300,000 – ₦600,000/month
Amenities Include:
- 24-hour power and water supply
- Reliable internet connection
- Estate security and controlled access
- Well-fitted kitchen and dining area
- Cleaning and laundry service
- Air-conditioned rooms
- Parking space per unit
- Kids’ play area and garden
- Proximity to malls and corporate offices
- Backup power and CCTV monitoring
Factors That Affect Monthly Shortlet Price Range in Ibadan
Several key factors determine the monthly shortlet in Ibadan price range, including:
- Location: Prime areas like Jericho and Agodi GRA attract higher rental rates.
- Apartment Size: Larger units such as 3-bedroom duplexes cost more than studios or 1-bedroom apartments.
- Furnishing and Design: Apartments with high-end furnishings, modern décor, and premium finishes command higher rent.
- Duration of Stay: Short term tenants may pay slightly higher per month compared to long-term renters because of added services.
- Facilities and Amenities: Swimming pools, gyms, elevators, and 24/7 security significantly increase value.
- Demand and Season: Prices may fluctuate based on corporate assignments, tourist seasons, or school terms.
Why Invest in Monthly Shortlets in Ibadan
The monthly shortlet in Ibadan price range presents a lucrative opportunity for real estate investors. With increasing corporate presence, educational institutions, and tourism, monthly shortlet in Ibadan price range offer high rental yields and steady income streams.
Investor Benefits:
- High rental yields from premium short-term rentals
- Growing demand among business travelers, tourists, and families
- Consistent occupancy in prime neighborhoods
- Low management overhead if professionally handled
- Potential for property value appreciation
Tenant Benefits:
- Flexible rental duration from a few weeks to months
- Fully furnished apartments with all utilities included
- Access to amenities such as pools, gyms, and parking
- Peace of mind with 24/7 security and maintenance
- Cost-effective alternative to hotels
Popular Monthly Shortlets in Ibadan
- The Bodija Suites – Stylish one-bedroom units with Wi-Fi, 24-hour power, and security.
- Jericho Smart Residences – High-end shortlets with rooftop lounges, gyms, and swimming pools.
- Oaklands Court, Agodi GRA – 3 bedroom duplexes with concierge service, fitted kitchens, and landscaped gardens.
- Ibadan Short-Let Homes (Ring Road) – Affordable, fully furnished units with inverter power and Wi-Fi.
- Royal Palms Apartments, Alalubosa Estate – Elegant shortlets with private parking, mini gym, and garden areas.
The Future of Monthly Shortlets in Ibadan
With the ongoing pace of infrastructure development, the expansion of corporate offices, and the steady growth of residential and commercial projects, the demand for monthly shortlets in Ibadan is anticipated to increase significantly in the coming years. As this demand rises, understanding the monthly shortlet in Ibadan price range becomes essential for tenants, investors, and property developers alike, as it directly influences decisions regarding rental affordability, investment returns, and long-term value appreciation.
Emerging neighborhoods such as Challenge, Eleyele, and Akobo are gradually becoming prime destinations for new shortlet developments. These areas are attracting a diverse mix of tenants, including students seeking convenient housing near educational institutions, young professionals working in expanding corporate hubs, and families looking for comfortable, fully furnished homes with modern amenities.
For real estate investors, this growth presents an exciting opportunity to acquire properties in strategically located areas that promise steady rental income, strong occupancy rates, and a potential rise in property values over time. Proximity to schools, business centers, transport hubs, and major roads further enhances the attractiveness of these locations, ensuring both high demand and long-term profitability.
For tenants, opting for a monthly shortlet in Ibadan price range offers an unmatched combination of convenience, comfort, and flexibility. These apartments provide fully furnished living spaces with essential services such as reliable power supply, Wi-Fi, security, housekeeping, and access to amenities like gyms, swimming pools, and parking facilities. This makes shortlets not only a practical alternative to traditional long-term rentals or hotels but also a lifestyle choice for those seeking modern, hassle-free living in one of Nigeria’s fastest-growing cities.
The monthly shortlet in Ibadan price range is highly diverse and can vary significantly depending on a number of important factors, including the apartment’s location, size, level of furnishing, range of amenities, and the duration of stay. Whether you are looking for an affordable, fully furnished studio near Ring Road, a comfortable one-bedroom unit in Bodija, or a luxurious three-bedroom duplex in the prestigious Agodi GRA, Ibadan offers an impressive variety of options that cater to different budgets, preferences, and lifestyles.
For property investors, the city’s shortlet market presents a highly lucrative opportunity. With steady demand from professionals, corporate executives, families, and expatriates, serviced monthly shortlet in Ibadan price range promise consistent rental income, potential for property appreciation, and strong long-term growth in value. Meanwhile, for tenants and temporary residents, monthly shortlet in Ibadan price range provide a convenient, flexible, and cost-effective alternative to conventional long-term leases or short-term hotel accommodations, offering both comfort and access to modern facilities such as high-speed internet, swimming pools, gyms, and secure parking.
As Ibadan continues to expand its commercial, educational, and residential infrastructure, it is quickly emerging as a leading destination for modern, serviced living in Nigeria. This makes it an ideal time for both investors and tenants to explore the city’s diverse selection of monthly shortlet in Ibadan price range, which provide the perfect combination of convenience, security, and contemporary lifestyle amenities across some of Ibadan’s most sought-after neighborhoods.