THE PREVAILING MARKET RENTAL RATES OF PROPERTY IN KENYA - HOW MUCH IT COST TO RENT A HOUSE IN KENYA

 The Housing development sector in Kenya has changed overtime in the scope of space, design and cost of residential and commercial property for sale and letting in Kenya. With a fast growing demand for housing from the increase in urban and rural populations, the government and private sector continue to collaborate to bridge the demand gap.

The factors influencing pricing of property in Kenya of course just like any other place include location, home size and useable space, neighbourhood,  recency of the development (age and condition), prevailing economic indicators, interest rates among other critical factors for the buyer and the seller.

For a quick overview on the overall pricing of some of the property in Kenya, here is some general pricing information for property in Kenya.

The average price of houses for rent in Kenya is KSh 16,000 per month (160 USD). The most expensive house costs KSh 306,000 per month while the cheapest costs KSh 5,000 per month.

The average price of 1 bedroom houses for rent in Kenya is KSh 10,000 per month (100 USD). The most expensive house costs KSh 43,300 (430 USD) per month while the cheapest costs KSh 4,500 per month.

The average price of 2 bedroom houses for rent in Kenya is KSh 18,000 per month (180 USD). The most expensive house costs KSh 121,000 per month while the cheapest costs KSh 12,000 per month.

The average price of apartments for rent in Kenya is KSh 46,900 per month (470 USD). The most expensive apartment costs KSh 256,000 per month while the cheapest costs KSh 4,500 per month.

The average price of 2 bedroom apartments for rent in Kenya is KSh 55,000 per month (550 USD). The most expensive apartment costs KSh 241,000 per month while the cheapest costs KSh 7,600 per month.

The average price of 3 bedroom apartments for rent in Kenya is KSh 95,000 per month (950 USD). The most expensive apartment costs KSh 256,000 per month while the cheapest costs KSh 9,990 per month.

 

For a more indepth knowledge on prices and valuation, it is well advised to contact a registered and trusted property or company to guide through the prices and the best property options that will afford you value in the short term and the long term, trusted property platforms in Kenya including https://kenyapropertycentre.com/ and https://property.mitula.co.ke/ have also proven very much helpful.