Lodge in valley accommodating wife (5)
I believe the answer is:
dwell
'lodge' is the definition.
(both can mean to inhabit a place)
'valley accommodating wife' is the wordplay.
'valley' becomes 'dell' (dell is a kind of valley).
'accommodating' is an insertion indicator.
'wife' becomes 'w' (abbreviation).
'dell' enclosing 'w' is 'DWELL'.
'in' acts as a link.
(Other definitions for dwell that I've seen before include "Think moodily (on something)" , "Inhabit" , "Remain" , "stay" , "Abide, reside" .)