What You Should Know Before Starting an Airbnb in Lagos: A Guide by Rinwa Realty
Running an Airbnb in Lagos can be very profitable — whether you're already hosting guests or planning to start soon. But beyond the excitement, it’s important to understand the business side of short-term rentals. At Rinwa Realty, we help Airbnb owners make smart, informed decisions that bring long-term returns.

What is Airbnb?
Airbnb is a platform where you can rent out your apartment, house, or even a single room to short-term guests. It started as a simple idea — 'Air Bed and Breakfast' — and has now grown into a global system used by millions of travelers. In Lagos, Airbnb is especially popular in high-traffic areas like Lekki, Victoria Island, and Ikeja.
How Much Does It Cost to Set Up?
Starting an Airbnb in Lagos requires more than just owning a property. You’ll need to invest in:
- Furniture and appliances
- Interior design (making it stylish and cozy)
- Wi-Fi, security, and utilities
- Professional cleaning services
- Listing and photography

Depending on the size and location, setup costs can range between ₦2 million to ₦7 million.
How Much Can You Earn Annually?
Let’s say you rent out a one-bedroom apartment in Lekki for ₦60,000 per night. If you get bookings for 20 nights a month, that’s:
₦60,000 × 20 nights = ₦1.2 million monthly
₦1.2 million × 12 months = ₦14.4 million per year

Even after expenses like cleaning and maintenance, many Airbnb owners in Lagos earn between ₦10 million to ₦20 million annually, depending on location and how consistent bookings are.
Calculating Your ROI (Return on Investment)
ROI (Return on Investment) helps you measure how profitable your Airbnb setup is. Here's the formula:

ROI = (Profit / Setup Cost) × 100

For example, if your total setup cost was ₦5 million, and you earn ₦15 million in a year:
ROI = (₦15 million / ₦5 million) × 100 = 300%

This means you've made back your money three times over in one year.
Already Hosting? Or Just Getting Started?
Whether you're already hosting or just preparing your first listing, there’s always room to improve. Many Airbnb owners miss out on profits because they don’t:
- Price their units properly
- Keep track of running costs
- Market their listing effectively
- Handle guest services professionally

Let Rinwa Realty Support You
At Rinwa Realty, we don’t just sell or rent homes — we also help Airbnb hosts maximize their investment. We can help you:
- Find the right property for short-let
- Set it up beautifully
- Understand legal and property risks
- Calculate your returns

If you want to succeed as an Airbnb host in Lagos, reach out to Rinwa Realty today. We’re here to support your growth.
Contact Us
Whether you’re just starting or already managing an Airbnb, Rinwa Realty is ready to guide you. Let’s make your property work smarter and earn better.