Rent vs Mortgage in Nairobi: Which Option Makes More Sense?

To rent or to buy, that’s a question many Nairobians wrestle with. Why keep paying rent month after month with nothing to show for it, when you could commit to paying a mortgage and end up owning your home? It sounds like a no-brainer, right? But not everyone sees it that way.

For some, owning a home represents stability, a sense of pride and permanence. For others, renting offers flexibility, freedom, and fewer financial strings. Both make sense, depending on where you are in life.

Still, this isn’t a decision to make based on preference alone. Beyond comfort and convenience, it comes down to what truly works for your finances and your lifestyle. So, let’s look at both sides of the coin.

The Case for Renting

Renting is often dismissed as “wasted money,” but that’s not always true. In a city like Nairobi, where jobs, rent prices, and even neighbourhoods change constantly, renting can actually make sense.

When you rent, you’re paying for freedom: the freedom to move when life demands it, whether it’s a new job across town or a growing family that needs more space. You also don’t have to worry about extra expenses like maintenance, land rates, or surprise repairs. Your main focus is simply paying rent and planning your next move.

But there’s a flip side. Rent in Nairobi can be unpredictable, especially with landlords adjusting prices to keep up with inflation. And unlike mortgage payments, rent doesn’t build equity, so once you move out, you walk away with nothing to your name.

The Case for Buying

Owning a home, especially through a mortgage, is a dream for many. It’s more than just having a roof over your head; it’s the feeling of security, of finally owning something that’s yours.

In Nairobi, property values tend to rise over time, which makes real estate one of the most reliable long-term investments. With a stable income and a good plan, buying a home can set you up for future financial growth. You could even rent it out later or use it as collateral.

That said, it’s not all rosy. Mortgages are long-term commitments, and interest rates can change. Add in hidden costs like maintenance, insurance, and taxes, and it quickly becomes clear that owning a home takes serious financial discipline. Plus, unlike renting, you can’t just pack up and leave if life changes.

So, What Makes More Sense?

There isn’t one right answer, it depends on your season of life and your financial situation. If your income is stable and you’re ready to settle down, a mortgage might be worth it. But if you’re still finding your footing or value flexibility, renting might actually make more sense for now.

At the end of the day, it’s not just about owning a house, it’s about making a decision that truly fits you. Whether you choose to rent or buy, make sure it’s guided by your goals, not pressure or comparison.

Lulu Kiritu is a Content Manager & Public Relations Specialist at BuyRentKenya, a real estate firm that connects people to property across Kenya.