Introduction
The decision between short-term rentals and long-term rentals is one that many tenants, landlords, and investors grapple with in Kenya’s dynamic real estate market. Whether you are looking for a place to live or considering real estate investment, understanding the pros and cons of each option is crucial.
This guide will break down the differences, benefits, and drawbacks of both short-term and long-term rentals to help you decide which one is the best fit for your needs.
At Prime Homes, we specialize in connecting tenants with their ideal rental properties and helping investors maximize returns. If you’re looking for the perfect rental in Kenya, contact us at +254740712579 or sales@primehomes.co.ke.
What Are Short-Term Rentals?
Short-term rentals refer to properties leased for a few days, weeks, or months, typically for vacation stays, business trips, or temporary housing. These are often listed on platforms like Airbnb, Booking.com, and VRBO, but they can also be arranged through private landlords or property managers.
Common Uses of Short-Term Rentals:
- Tourists and holidaymakers
- Business travelers needing temporary housing
- Expats or professionals on short-term assignments
- Individuals relocating and in need of a temporary place
- Students or interns staying for a semester
Benefits of Short-Term Rentals
✅ Flexibility: Renters can stay for as short or long as needed without being locked into long-term contracts.
✅ Furnished & Move-In Ready: Most short-term rentals come fully furnished, saving costs on furniture.
✅ Higher Rental Income for Landlords: Short-term rental rates are typically higher per night compared to long-term rentals.
✅ Ideal for Travelers and Temporary Residents: Provides a home-like experience with more space and amenities than a hotel.
✅ Location Variety: Available in prime locations, including Nairobi, Mombasa, and Kisumu.
Drawbacks of Short-Term Rentals
❌ Higher Costs for Renters: Nightly and weekly rates are often more expensive than long-term leases.
❌ Unstable Income for Landlords: Occupancy rates fluctuate based on seasonality.
❌ Frequent Maintenance & Management: Regular cleaning, repairs, and guest management are required.
What Are Long-Term Rentals?
Long-term rentals are properties leased for six months or more, typically under a one-year contract or longer. They cater to families, professionals, students, and expatriates who need permanent housing.
Common Uses of Long-Term Rentals:
- Families looking for stable housing
- Professionals and expatriates moving for work
- Students enrolled in long-term education programs
- Individuals who prefer a consistent living arrangement
Benefits of Long-Term Rentals
✅ Stable Monthly Rent: Fixed monthly rent payments provide financial predictability.
✅ Lower Rental Costs: Compared to short-term rentals, long-term leases often have lower monthly rates.
✅ Less Management for Landlords: Fewer turnovers reduce the burden of constant tenant changes.
✅ Security of Tenure: Renters can establish a long-term home without worrying about sudden evictions.
✅ Investment Stability: Landlords benefit from consistent income and less vacancy risk.
Drawbacks of Long-Term Rentals
❌ Less Flexibility: Breaking a lease early can be costly and complicated.
❌ Unfurnished Units: Most long-term rentals require tenants to furnish the property.
❌ Lower Profit Margins for Landlords: Monthly rent is often lower than short-term rental income potential.
❌ Tenant-Related Risks: Late rent payments or tenant damage can be challenging to handle.
Short-Term Rentals vs. Long-Term Rentals: Which One Suits You?
1. Rental Cost Comparison
- Short-Term Rentals: Higher cost per night/week but can be cost-effective for short stays.
- Long-Term Rentals: Lower monthly rent, making it more affordable over time.
2. Tenant Stability
- Short-Term Rentals: High turnover with new guests frequently.
- Long-Term Rentals: Stable tenancy with a consistent rental agreement.
3. Flexibility
- Short-Term Rentals: Ideal for people needing temporary stays without a long-term commitment.
- Long-Term Rentals: Better for tenants who want to settle down.
4. Furnishing & Utilities
- Short-Term Rentals: Fully furnished with utilities included.
- Long-Term Rentals: Typically unfurnished, requiring tenants to set up their own utilities.
5. Investment Perspective
- Short-Term Rentals: Higher earning potential but requires active management.
- Long-Term Rentals: Steady and predictable income with lower management costs.
Where to Find the Best Rental Properties in Kenya
Whether you’re looking for a short-term rental for a vacation or business trip, or a long-term rental for permanent residence, Prime Homes has you covered.
📍 We offer premium rental properties in:
- Nairobi (Westlands, Kilimani, Lavington, Kileleshwa)
- Mombasa (Nyali, Bamburi, Mtwapa)
- Kisumu (Milimani, Riat Hills, Lolwe Estate)
For personalized assistance, call us at +254740712579 or email sales@primehomes.co.ke.
Conclusion: Which Rental Type is Best for You?
🏡 Choose Short-Term Rentals If:
✔ You need temporary accommodation (business trips, vacations, relocations).
✔ You want a furnished, flexible stay with utilities included.
✔ You don’t want a long-term commitment.
🏠 Choose Long-Term Rentals If:
✔ You’re looking for stable housing for six months or more.
✔ You prefer lower monthly rent and are okay with furnishing your space.
✔ You want security and consistency in your housing.
At Prime Homes, we help clients find the best rental options in Nairobi, Mombasa, and Kisumu. Contact us today at +254740712579 or sales@primehomes.co.ke to find the perfect home for you!
Find your dream rental today! Visit www.primehomes.co.ke.
