Loresho recorded the strongest quarterly and annual growth in house rents in HassConsult’s index.
HassConsult’s third-quarter index shows rising rents in established Nairobi suburbs, while apartments in Ruaka and Kileleshwa record declines.
Nairobi house rents rose in several established suburbs during the third quarter of 2026, led by Loresho. The estate recorded a 6.2 per cent quarterly increase and a 14.9 per cent annual rise, HassConsult’s Property Price Index shows.
Kitisuru followed with quarterly rental growth of 5.1 per cent, while Muthaiga registered 4.5 per cent. Gigiri house rents also increased, climbing 3.9 per cent over the same period.
Overall, rental asking prices across Nairobi’s suburbs grew by 2.7 per cent, up from 1.4 per cent the previous quarter. That pace approached the strongest quarterly rental growth in three years.
Nairobi house rents reflect diplomatic demand
HassConsult partly attributed the increases to demand in established diplomatic and international residential neighbourhoods. The firm said expanding United Nations operations and personnel relocations to Nairobi were adding tenants to these markets.
In the November 5 report, HassConsult Co-CEO and Creative Director Sakina Hassanali highlighted the concentration of growth in those neighbourhoods. However, some apartment markets moved in the opposite direction, recording lower rental asking prices.
Ruaka apartments registered the largest quarterly rental decline at 2.7 per cent. Meanwhile, Kileleshwa apartments recorded the steepest annual rental fall, with asking rents dropping by 12 per cent.
The apartment declines contrasted with gains in the established house rental markets. Loresho led both quarterly and annual house rental growth in the index.
Suburban sale prices rise as satellite towns weaken
Property sale prices also increased across several Nairobi suburbs during the quarter. Spring Valley houses led with a 6.8 per cent gain, followed by Westlands at 5.9 per cent.
Muthaiga house prices rose by 5.5 per cent, while Karen and Loresho each recorded 5.2 per cent growth. However, apartment sale prices in Parklands fell by 2.4 per cent.
The overall suburban property asking-price index increased by 2.3 per cent, its strongest quarterly growth in four years. In contrast, satellite-town asking prices declined by 0.6 per cent for the second consecutive quarter.
Rental growth in satellite towns also slowed to 0.4 per cent from 1.1 per cent. Ngong house sale prices fell by 1.2 per cent, while Ongata Rongai recorded a one per cent decline. Juja and Kitengela followed with drops of 0.6 and 0.5 per cent respectively.
Hassanali said lower borrowing costs and stronger private-sector credit growth were supporting property investment. She also linked higher prices in established Nairobi suburbs to limited housing supply.
