{"id":295882,"date":"2019-01-29T12:37:06","date_gmt":"2019-01-29T10:37:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=295882"},"modified":"2021-09-21T12:03:05","modified_gmt":"2021-09-21T10:03:05","slug":"the-cheapest-and-most-expensive-south-african-cities-to-rent-in","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/295882\/the-cheapest-and-most-expensive-south-african-cities-to-rent-in\/","title":{"rendered":"The cheapest and most expensive South African cities to rent in"},"content":{"rendered":"<p>Jobs website, Adzuna, has released a new report looking at the cost of renting in South Africa.<\/p>\n<p>The report is based on a comparison of more than 140,000 online job listings and the average rental prices in cities across the country.<\/p>\n<p>According to the research, employees can generally expect to spend about 20-26% of their monthly income on rent.<\/p>\n<p>In a recent report, PayProp said there is a widely accepted unwritten rule that a tenant shouldn\u2019t pay more than 30% of their net income for rent, with the lowest risk candidates spending only 24% of their income on rent \u2013 20% less than the average tenant.<\/p>\n<p>The Adzuna study assumes that the cost of monthly rent is carried by a single person occupying a 1-bedroom home within city centres of South Africa\u2019s 15 biggest towns and cities.<\/p>\n<p><strong>Most affordable South African cities to rent in<\/strong><\/p>\n<p>When compared with the average monthly salaries and the average rental prices, the most affordable cities to rent in South Africa are:<\/p>\n<ul>\n<li>Polokwane \u2013 11% of monthly income spent on rent<\/li>\n<li>Bloemfontein \u2013 16% of monthly income spent on rent<\/li>\n<li>Port Elizabeth \u2013 17% of monthly income spent on rent<\/li>\n<li>Johannesburg \u2013 18% of monthly income spent on rent<\/li>\n<li>East London \u2013 19% of monthly income spent on rent<\/li>\n<\/ul>\n<p>According to the study, cities such as Pretoria, Durban, Paarl, Pietermaritzburg and George came in as the &#8216;best value cities for renters&#8217;, with employees in these areas typically paying less than 22% of their wages towards rent.<\/p>\n<p>At the other end of the spectrum, Capetonians can expect to put a whopping 38% of their pay cheques towards their rent while those in Sandton spend at least 37% of their wages on their monthly rent.<\/p>\n<p>&#8220;It is interesting to note that Johannesburg comes up as one of the most affordable cities for renting employees,&#8221; said country manager for Adzuna SA, Jesse Green.<\/p>\n<p>&#8220;The results we see here could be because employment in Johannesburg offers much higher salaries when compared with job opportunities in cities such as Bloemfontein, for example.&#8221;<\/p>\n<p>Green added that although some employees are paid higher monthly salaries, they actually have a lot less to show for it since they have to deal with high costs of living and local property premiums.<\/p>\n<p>&#8220;Alternative locations, like East London, offer a much more attractive deal that can help renters save money,&#8221; he said.<\/p>\n<p>&#8220;The extra cash they save on rental prices can be used to save up for a deposit to buy a home of their own.&#8221;<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/01\/Rent.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-295884 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/01\/Rent.png\" alt=\"\" width=\"523\" height=\"723\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/01\/Rent.png 523w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/01\/Rent-217x300.png 217w\" sizes=\"auto, (max-width: 523px) 100vw, 523px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/295672\/heres-how-much-of-your-income-you-should-be-spending-on-rent-each-month\/\" target=\"_blank\" rel=\"noopener\">Here\u2019s how much of your income you should be spending on rent each month<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jobs website, Adzuna, has released a new report looking at the cost of renting in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":427516,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[5614,26],"class_list":["post-295882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-adzuna","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/295882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=295882"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/295882\/revisions"}],"predecessor-version":[{"id":295908,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/295882\/revisions\/295908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/427516"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=295882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=295882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=295882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}