6 Satellite Nairobi Estates Where Rent Has Reduced-Report

A block of apartments in Nairobi.
A block of apartments in Nairobi's Kilimani Estate.
Rent Kenya

As the cost of living continues to skyrocket, some Kenyans have a reason to smile after rent prices dropped in six satellite areas in Nairobi.

This was according to the latest report from HassConsult on the Property Index for quarter four of 2022.

In the report released on Tuesday, January 31, rental prices for apartments were reduced in two areas while it was reduced in four areas for houses.

Some areas where rent on apartments dropped were Athi River by 2.8 per cent and Ngong by 0.2 per cent compared to the third quarter of 2022.

A line of highrise rental houses in Nairobi
A line of highrise rental houses in Nairobi.

On the other hand, areas, that witnessed a jump in house rent, were Juja by 0.2 per cent, Kiserian by 0.7 per cent, Kitengela by 0.8 per cent, and Limuru by 1.7 per cent.

"Property sale prices in the last quarter of 2022 recorded a 2.2 per cent quarterly price drop bringing the average annual property price gains to just 4.8 per cent over 2022," read part of the report.

The Six Satellite Areas in Summary 

  • Athi River 
  • Ngong
  • Juja
  • Kiserian
  • Kitengela
  • Limuru 

Additionally, the report detailed that the property rental prices posted a 1.5 per cent drop over the last quarter, bringing a flat increase of just 0.3 per cent over 2022. 

Furthermore, the report noted that the slow increase in rental prices reflected the high cost of living in 2022 and global inflationary pressures.

According to the report, the average rent for a four-to-six-bedroom property is currently Ksh237,396, while the average rent for a one-to-three-bedroom is currently Ksh84,709.

"The average rental for a property has gone from Ksh 38,516 in December 2000 to Ksh 163,683 in December 2022," read the report in parts.

However, from the report, Kiambu, Ngong, Ruaka, Ongata Rongai, and Ruiru recorded the highest rent increase for both apartments and houses.

Meanwhile, according to the Kenya National Bureau of Statistics (KNBS) report released on Tuesday, January 31, Kenyans paid an average of Ksh17,763 for a two-bedroom apartment in January 2023.

As a result, this was more than approximately Ksh17,130 Kenyans paid for the same unit in January 2022. This indicated a 3.7 per cent change between the periods.

A block of apartments in Nairobi, Kenya.
A block of apartments in Nairobi, Kenya.
Photo/ Rent Kenya