This article focuses on residential environments and examines the conditions of the public low income housing neighbourhood in Lagos, Nigeria. It uses the Anikantamon public low income housing estate as a case study. The article argues that Lagos, which represents the hope for city development in Nigeria, is experiencing a rapid growth rate that has culminated in a situation where demand for housing is outstripping supply. It posits that the ill consequences of the mismatch between supply and demand have created a serious residential neighbourhood environmental degeneration problem associated with slum features. Resulting from the analysis of data collected through the administration of 207 questionnaires, the article asserts that the housing and neighbourhood conditions in the estate have degenerated deplorably. It avers that living in slum conditions adversely affects residential satisfaction and the quality of life of the occupier