Top 10 Cheapest Hotels In Victoria Island Lagos

Victoria Island also popularly called (VI) is an affluent and high end
area of Lagos that is located between Lagos Island and the Lekki Peninsula in the Lagos Lagoon.

VI is actually one of the most expensive areas to live and has some of the most expensive 5 star hotels in Lagos,it is also one of the busiest areas because majority of big multinational companies and conglomerates have their head offices located in Victoria Island.

For a first time visitor,it can be challenging to find a decent pocket friendly in VI,unless you have a lot of money to spend,if however your on a budget, but you want a decent hotel accommodation in Victoria Island,then keep on reading till the end,because this article contains info about some of the cheapest hotels in Victoria Island Lagos.
As expected Hotels in Victoria Island are not cheap at all,but we have managed to get some details about some of the most affordable hotels in VI that you can patronize without breaking the Bank.

The Top 10 Cheapest Hotels In Victoria Island Lagos

1. Peerage Retreat & Resort

Peerage Retreat and Resort is a 2 star hotel located at 1, Olabode George Street, Victoria Island, Lagos. This hotel is one of the most affordable pocket friendly hotels in Victoria Island,and the good thing about this hotel is that it is actually close to the Lagos Bar Beach.

  • Refrigerator
  • En-suite bathrooms
  • Flat-screen TV
  • Work Table
  • Air conditioner, and a cabinet
  • Wi-Fi
  • Restaurant
  • Bar/lounge
  • Outdoor pool

Additional services such as laundry and airport shuttle services will incur an extra cost.

Cheapest Room Price: ₦9,000

2. The Hardley Apartments

The Hardley Apartments is a budget hotel located in 46 Waziri Ibrahim close Victoria Island, Lagos.The hotel is located in one of the serene areas of Victoria Island.

The Hardley Apartments provides decent facilities with pocket friendly rates.

Cheapest Room Price: ₦12,000

3. Hotel De Island

Hotel De Island is one of the hotels located in Victoria Island,it is also one of the relatively affordable hotel in the Island. 
Hotel De Island is located at Plot 863D, Adetokumbo Ademola Street, Victoria Island, Lagos.


  • Air-conditioned rooms
  • En-suite bathroom
  • King-size bed + a sofa and work table
  • LCD flat screen televisions with satellite.
  • Intercom telephone system
  • Free Wi-Fi internet available
  • Free complimentary breakfast daily

Cheapest Room Price: ₦15,000

4. Beni Gold Hotel

If you are looking for a quiet and serene Hotel that is price friendly then you should definitely check out Beni Gold Hotel.

Beni Gold Apart is a 3 Star hotel located in Victoria Island at 18, Adeleke Adedoyin, off Kofo Abayomi. A lot of people patronize this hotel because it's pocket friendly and close to popular fun spots like The Palms Shopping Mall,Ikoyi Golf Club,TeraKulture and Quilox night club.

  • Air-conditioner
  • Satellite TV
  • LCD Screens
  • Telephone + work desk + sofa + ironing table
  • En-suite bathroom
  • Some room options offer complimentary breakfast
  • Restaurant
  • Indoor & poolside bar
  • Spa + sauna
  • Gym
  • Electricity is available for 24 hours

Extra services like Wi-Fi internet connection, room service, laundry/dry cleaning services,airport shuttle Etc will incur extra charges.

Cheapest Room Price: Starting from N15,000

5. Lamia Inn

Lamia Inn is a hotel located in Victoria Island Lagos at 19A, Idejo Street, Off Adeola Odeku Street.It is also rated as one of the most affordable decent hotels in Victoria Island Lagos.


  • Outdoor Pool
  • Free wireless network
  • Air-conditioning unit
  • Cable TV
  • Study area
  • Mini bar + wall art + wardrobe
  • En-suite bathroom.
  • View of the swimming pool
  • Complimentary Breakfast
  • Restaurant
  • Lounge

Additional services like airport shuttle,laundry,cleaning, safety deposit boxes,a 24-hour room service,ironing and luggage storage are also available on request.

Cheapest Room Price: Starting from ₦16,000

Read Also: Top 10 Most Expensive Hotels In Nigeria

6. Caravel Suites

Caravel Suites is also another hotel that you should probably check out in VI,this place has a cozy and serene environment and great hospitality.This hotel is located at 210B Muri Okunola Street, Victoria Island.

Another reason why I like this hotel is because it's very close to different fun spots on the lsland,popular places like The Palm Mall,Silverbird Galleria,Kuramo Beach,Oniru Beach Resort,Ikoyi Golf Club are just a few kilometers away.


  • Flat-screen TVs with satellite connection
  • DVD players
  • Extra bed
  • Private bathrooms, bathrobe + slippers
  • Refrigerators, air conditioners, and a terrace.
  • Free Wi-Fi connection
  • Restaurant
  • Complimentary breakfast for 2 + a bottle of wine.

Other services such as foreign Exchange Service,Designated smoking rooms,Airport shuttle,concierge services, luggage storage, safety deposit box Etc are also available.

Cheapest Room Price: Starting from ₦18,000

7. La Bugatti Suite Limited

La Bugatti Suite Limited is a low cost, pocket friendly hotel located at 204B Etim, Inyang Crescent, Victoria Island,Lagos.

  • Air Conditioner
  • Sit Out Balcony
  • 24-hour electricity
  • En-suite bathrooms
  • Restaurant
  • Security

Additional services such as car hire, laundry,dry cleaning,room service are available upon request.

Cheapest Room Price: ₦12,000

8. Hampton Suites

Hampton Suites is a low budget hotel located at No.29 ojuologun street off bishop oluwole street victoria island.

 Cheapest Room Price: From ₦15,000

9. La Patriache Lodge

La Patriache Lodge is a 3 Star hotel in VI,it is located at No. 17 Kayode Abraham Street off Ligali Ayorinde Street, Victoria Island, Lagos.

Personally I like this hotel because it is just a few kilometers away from beautiful Kuramo Beach,Ikoyi Golf Club,Silverbird Galleria,Lagos Bar Beach and
Just 32.5km away from the Muritala Mohammed International Airport.


  • King-size beds
  • Sofa
  • Air conditioners
  • LCD flat screen
  • Refrigerator
  • Work tables
  • En-suite bathrooms fitted with bathtubs
  • Wi-Fi internet access
  • Outdoor swimming pool
  • Restaurant
  • Bar
 Cheapest Room Price: ₦15,750

10. Edgewater Hotel

Edgewater Hotel is another decent hotel located at 1660 Ahmadu Bello way opposite Bar Beach, Lagos,and just for the records,this Hotel is close to many of the tourist spots in Lagos Island.

You can easily visit the United States Consulate Embassy,Park N Shop,Lagos Yacht Club,Ikoyi club 1938 Golf Course,,National Museum,High Commission of Canada,Art CafĂ©,Mega Shopping Plaza Etc the best part however,is that is relatively affordable compared to some hotels that cost over ₦103,000 per night in VI.

  • Mini fridge
  • Air conditioning unit
  • Television
  • Internet services
  • Telephone
  • Work desk & table
  • En-suite bathroom
  • Restaurant
  • Gym
  • 24 hours electricity
  Cheapest Room Price: ₦16,500

Read Also:Top 15 Most Expensive Rooms In Nigeria

These are some of the decent,affordable and cheapest hotels you can find in Victoria Island area of Lagos,most often you can get a discount when you visit these hotels in person,the room rates might be higher when trying to reserve a room online.