Houses & Apartments for Rent in Kenya ▷ Prices in May 2024 on Jiji.co.ke (2024)

FAQs

How much is rent in Kenya per month? ›

A flat outside the city centre will come in at around USD$139 per month. If you're planning to live in the capital, the price of rent comes in a little higher, with a one bedroom apartment costing around USD$414 per month in Nairobi City Centre.

Home ownership:

Kenya – 61.3% owning and 38.7% renting. Urban areas – 21.3% owning and 78.7% renting. Rural areas – 86.6 % owning and 13,4 % renting.

Buying an apartment in Kenya can be a rewarding investment, offering the potential for capital appreciation, rental income, and a stable place to live. However, it's important to carefully consider the risks and challenges involved before making a decision.

50,000 and 100 Dollars are about Ksh. 10,000. 10,000 Kenyan money is enough to buy food and clothes and even book a 3-start hotel in Nairobi on a bed & breakfast basis. For a person on a safari to Masai Mara National Park or any other destination in Kenya, you should consider buying souvenirs with your USD 100.

Entry-level employees: Approximately 30,000 KES per month. Mid-career professionals: Ranging from 50,000 to 100,000 KES per month. Senior-level executives and highly specialized professionals: Can exceed 130,000 KES per month, reaching much higher figures in certain industries.

Nakuru is one of the cheapest places to buy a house in Kenya. Houses in Nakuru are cheaper than in Nairobi because the town is small and still developing. Nakuru is a business-oriented community with many people investing in the real estate sector.

To put it in perspective, the average income in Kenya is around $1.25 an hour and tbh (as a Kenyan) I really can't see it as a bad thing.

Nairobi. Nairobi holds the coveted title of the wealthiest county in Kenya, boasting a robust economy fueled by various sectors. Real estate and financial services play a pivotal role in driving Nairobi's economic prosperity.

How many people live in Kenya in 2024? ›

The population of Kenya stood at 55.65 million in January 2024. Data shows that Kenya's population increased by 1.1 million (+2.0 percent) between early 2023 and the start of 2024. 50.4 percent of Kenya's population is female, while 49.6 percent of the population is male.

According to the Economic survey 2017 by the Kenya National Bureau of Statistics, the lower income group comprises households with a monthly income of Kshs 23,670 and below; while middle income group comprises households with incomes ranging between Kshs 23,671 and Kshs 119,999 and finally the Upper income group enjoys ...

Upperhill remains the most expensive with an acre going for Sh491 million. In satellite towns, Rwaka leads with an asking price of Sh98. 4 million per acre. Upperhill recorded the biggest drop in prices of apartments which fell by 6.9 per cent, followed by Riverside (5.6%), Parklands(4.1%), and Westlands (3.9%).

Household expenditure in Kenya averages Ksh3,440 per adult equivalent[1] per month nationally. However, there are differences between urban and rural areas, counties and constituencies. Household expenditures per adult equivalent per month are Ksh2,270 in rural areas compared with Ksh6,010 in urban areas.

The cost can be estimated to be between Ksh. 800,000 and Ksh. 2,000,000. The range is wide since it depends on factors like the aesthetics used, size of the house, materials used, location, and type of the house.

Budgeting Essentials

Rent: One of your most significant expenses is likely to be rent. A generally recommended guideline is to spend no more than 30% of your income on housing. In your case, that's Ksh 9,000. Look for affordable housing options within this budget to ensure you have room for other expenses.