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Service Apartment in Ibadan Price Range varies. The city of Ibadan, Nigeria’s largest metropolis by landmass, is fast evolving into a major residential and business hub. As more professionals, expatriates, and entrepreneurs relocate from Lagos and other cities, the demand for serviced apartments in Ibadan continues to rise.Whether you are searching for a short term stay, a luxury serviced home, or a long term furnished apartment, understanding the price range and key locations will help you make the right choice. This guide explores everything you need to know about service apartment prices in Ibadan, the best neighborhoods, and what determines the value of each apartment type.
Understanding What a Service Apartment Is
A service apartment also known as a serviced or shortlet apartment is a fully furnished residential unit that provides hotel like amenities and home-like comfort. It usually comes with complete furnishings, a functioning kitchen, internet connection, housekeeping, and 24 hour power supply. Service Apartment in Ibadan Price Range is affordable.
While serviced apartments have long been popular in Lagos and Abuja, Ibadan is now catching up. The rise of its tech ecosystem, improved infrastructure, and growing hospitality demand have made serviced apartments in Ibadan a preferred choice for professionals, families, and corporate guests alike.
Average Service Apartment Price Range in Ibadan
The price range for serviced apartments in Ibadan varies significantly based on multiple factors such as the neighborhood’s prestige, proximity to major roads and business districts, the quality of interior furnishing, the range of modern amenities provided, and the overall duration of stay whether short term, monthly, or long term. These elements collectively determine the comfort level and convenience offered, which in turn influence the total rental cost of each serviced apartment.
Below is a detailed breakdown of Service Apartment in Ibadan Price Range and the amenities that come with each apartment type across major neighborhoods:
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Service Apartment in Ibadan Price Range For Studio Apartments (₦150,000 – ₦250,000 per month)
Ideal for singles, students, and short-term visitors.
Common Locations: Ring Road, Challenge, and parts of Akobo.
Amenities:
- Fully furnished bedroom and compact kitchen
- 24-hour power supply
- Air conditioning and smart TV
- Free Wi-Fi
- Security and gate access control
Service Apartment in Ibadan Price Range 1 Bedroom Serviced Apartments (₦250,000 – ₦400,000 per month)
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Perfect for professionals or couples seeking privacy and comfort.
Common Locations: Bodija, Alalubosa, and Ring Road.
Amenities:
- Fully furnished living and dining area
- Fitted kitchen with appliances
- 24 hour electricity and inverter backup
- Wi-Fi and cable TV
- Dedicated parking and cleaning services
Service Apartment in Ibadan Price Range 2 Bedroom Serviced Apartments (₦400,000 – ₦700,000 per month)
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Suitable for families or business travelers looking for extra space.
Common Locations: Jericho GRA, Bodija, and Agodi GRA.
Amenities:
- Two ensuite bedrooms
- Spacious living area with modern furnishings
- Fully equipped kitchen
- Gym and swimming pool (in premium buildings)
- Elevator, parking, and 24/7 security
Service Apartment in Ibadan Price Range 3 Bedroom Serviced Apartments / Duplexes (₦700,000 – ₦1.2 Million per month)
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Best suited for executives, expatriates, and long-term tenants who desire high-end living.
Common Locations: Agodi GRA, Jericho, and Alalubosa Estate.
Amenities:
- Three ensuite rooms and a visitor’s toilet
- Luxury fittings and stylish interiors
- Private balcony or terrace
- Swimming pool, gym, and lounge area
- 24 hour power, security, and facility management
Service Apartment in Ibadan Price Range Shortlet Apartments (₦30,000 – ₦100,000 per night)
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Great for tourists and business travelers visiting for a few days or weeks.
Common Locations: Jericho, Bodija, and Ring Road.
Amenities:
- Fully furnished living space
- Daily cleaning and concierge service
- Smart TV, Wi-Fi, and kitchen setup
- 24-hour security and power
Optional airport pickup and drop-off
Top Neighborhoods for Serviced Apartments in Ibadan and Service Apartment in Ibadan Price Range
1. Bodija
Bodija is one of Ibadan’s most desirable residential areas a blend of modern comfort and traditional charm. It’s home to a mix of old charm and modern developments, making it ideal for professionals seeking convenience and serenity. Serviced apartments here are often mid-range and come with essential amenities such as steady power, internet access, and security. Service Apartment in Ibadan Price Range;
- Price Range: ₦250,000 – ₦500,000/month
- Amenities:
- 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
- 24/7 power supply
2. Jericho GRA
Jericho GRA represents class and exclusivity, home to some of Ibadan’s finest serviced apartments with modern architecture. Jericho GRA is synonymous with class, exclusivity, and comfort. It’s one of the top neighborhoods for luxury serviced apartments in Ibadan, with beautifully designed interiors, modern architecture, and advanced security systems. Apartments here are equipped with elevators, swimming pools, gyms, and ample parking.
- Price Range: ₦450,000 – ₦800,000/month
- Amenities:
- 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
- Elevator access
3. Agodi GRA
Agodi GRA is lush, serene, and close to Ibadan’s main business hubs perfect for professionals and corporate tenants. Agodi GRA is a prime location known for its lush environment and proximity to key business districts. The area houses some of the most premium serviced apartments in Ibadan, featuring 3 bedroom duplexes and luxury penthouses.
- Price Range: ₦700,000 – ₦1.2 million/month
- Amenities:
- 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
- Luxury finishing and modern furnishing
4. Ring Road
Ring Road offers a good mix of affordability and accessibility, popular among young professionals and travelers. Ring Road is a popular area that blends affordability with accessibility. It is ideal for residents looking for budget friendly serviced apartments without sacrificing essential comforts. Many of these apartments come fully furnished with kitchens, inverters, and secure parking spaces.
- Price Range: ₦200,000 – ₦400,000/month
- Amenities:
- 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 to malls, hospitals, and eateries
- Compact furnished spaces
5. Oluyole & Alalubosa Estate
These neighborhoods provide a mix of mid range and premium serviced apartments ideal for families and business travelers. These neighborhoods offer a mix of mid-range and premium serviced apartments. They are close to shopping centers, corporate offices, and leisure hubs. Serviced homes here cost between ₦300,000 and ₦600,000 per month, and tenants enjoy amenities such as uninterrupted power supply, Wi-Fi, and estate security. Families and business travelers particularly favor this area for its peaceful environment and proximity to major landmarks.
- Price Range: ₦300,000 – ₦600,000/month
- Amenities:
- 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
- 24-hour power and water supply
What Determines the Price of Serviced Apartments in Ibadan
Several factors influence Service Apartment in Ibadan Price Range of service apartments in Ibadan, including:
- Location: Prime areas like Agodi GRA, Jericho, and Bodija attract higher rental prices due to accessibility and neighborhood appeal.
- Facilities and Amenities: Apartments with modern gyms, swimming pools, elevators, or 24 hour security are priced higher.
- Furnishing and Design: A fully furnished apartment with high end fittings naturally costs more than a basic setup.
- Duration of Stay: Shortlet apartments charge more per day than long term rentals because they include services such as daily cleaning and concierge assistance.
Apartment Size: Larger units like 3 bedroom duplexes command higher rent compared to studio or 1 bedroom apartments.
Why You Should Invest in Serviced Apartments in Ibadan
The Ibadan real estate market is currently one of the most promising in Nigeria. With the expansion of corporate offices, educational institutions, and hospitality demand, service apartment in Ibadan Price Range offer a stable and profitable investment opportunity.
For investors, service apartment in Ibadan Price Range provide consistent rental income and long term property appreciation. For tenants, they offer convenience, comfort, and reduced upfront costs.
Key Benefits for Investors
- Regular income through short-let and monthly rentals.
- Low maintenance costs when professionally managed.
- Growing demand among business travelers, families, and digital professionals.
- High occupancy rates in prime neighborhoods such as Jericho, Bodija, and Agodi.
Key Benefits for Residents
- Fully furnished apartments ready for immediate occupation.
- Lower overall costs compared to hotel stays.
- Access to essential utilities and services without extra hassle.
- Flexibility in lease duration from daily to yearly rentals.
Popular Serviced Apartments in Ibadan
Ibadan has seen remarkable growth in its real estate sector over the past few years, with several serviced apartments now catering to professionals, families, and visitors seeking both comfort and modern convenience. Whether you’re looking for a luxury apartment in a prime neighborhood or a budget-friendly shortlet that doesn’t compromise on quality, there’s a variety of service apartment in Ibadan Price Range to choose from across the city. Below are some of the most sought after service apartment in Ibadan price range options worth exploring:
1. The Bodija Suites
The Bodija Suites offer a blend of elegance and functionality in one of Ibadan’s most desirable locations. These well furnished one-bedroom serviced apartments feature premium interior finishes, 24 hour electricity, high speed Wi-Fi, and round the clock security. service apartment in Ibadan price range are designed with both comfort and sophistication in mind, they are ideal for professionals or couples seeking a peaceful urban retreat close to the city’s commercial centers.
2. Jericho Smart Residences
Positioned in the upscale Jericho GRA, the Jericho Smart Residences redefine luxury living in Ibadan. The property boasts modern architecture and high end facilities such as rooftop lounges, state-of-the-art gyms, swimming pools, and private parking. Each apartment is fully furnished with contemporary décor and smart home technology, making it perfect for executives, expatriates, and business travelers looking for a seamless living experience.
3. Oaklands Court, Agodi GRA
Nestled in the serene Agodi GRA, Oaklands Court offers spacious 3 bedroom serviced duplexes built with comfort and exclusivity in mind. Each unit of service apartment in Ibadan price range is tastefully designed to suit corporate guests and long-term residents who appreciate privacy, security, and access to premium facilities such as concierge service, fitted kitchens, and lush green surroundings. The tranquil environment makes Oaklands Court one of the most preferred choices for senior professionals and families relocating to Ibadan.
4. Ibadan Short-Let Homes (Ring Road)
For those seeking affordability without sacrificing comfort, Ibadan Shortlet Homes located around the Ring Road area provide an excellent option. These serviced apartments are ideal for short-term visitors, tourists, and business travelers. They come fully furnished with functional kitchens, inverter power systems, and reliable internet connectivity. Their proximity to shopping malls, restaurants, and transport routes adds to the convenience, making them a smart choice for temporary stays in the city.
5. Royal Palms Apartments, Alalubosa Estate
The Royal Palms Apartments in Alalubosa Estate blend modern architecture with serene living. Each unit offers a fine balance of elegance and affordability, featuring well appointed bedrooms, spacious living areas, 24 hour security, constant water supply, and in house maintenance support. Residents also enjoy shared amenities such as a mini gym, private parking, and garden spaces that promote a calm and comfortable lifestyle.
The Future of Serviced Apartments in Ibadan
The future of service apartment in Ibadan price range is promising. As infrastructure improves and more companies establish operations in the city, the demand for flexible living spaces will continue to increase.
Emerging areas like Challenge, Eleyele, and Akobo are gradually developing into residential and commercial hotspots. These regions are expected to attract new serviced apartment projects catering to young professionals, students, and families seeking affordable yet comfortable living arrangements.
Investors can anticipate a steady rise in both rental yields and property appreciation, especially in neighborhoods near major roads, business centers, and schools.
The service apartment price range in Ibadan varies widely, but whether you are looking for a luxury apartment in Agodi GRA or a budget-friendly short let in Ring Road, there’s an option that fits every lifestyle and budget.
Service apartment in Ibadan price range offer the perfect balance between comfort, convenience, and value making them ideal for both short term stays and long term rentals.
For investors, service apartment in Ibadan price range market is a lucrative space with strong growth potential and impressive returns. For residents, it’s a chance to enjoy premium living with minimal hassle.
Ibadan is truly emerging as a new destination for modern, serviced living in Nigeria, and now is the perfect time to explore its diverse range of service apartment in Ibadan price range that cater to every taste and need.
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