{"id":639803,"date":"2022-11-19T17:00:21","date_gmt":"2022-11-19T15:00:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=639803"},"modified":"2022-11-19T17:01:15","modified_gmt":"2022-11-19T15:01:15","slug":"the-average-monthly-rent-in-every-province-across-south-africa-and-what-you-can-get-for-the-price","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/639803\/the-average-monthly-rent-in-every-province-across-south-africa-and-what-you-can-get-for-the-price\/","title":{"rendered":"The average monthly rent in every province across South Africa – and what you can get for the price"},"content":{"rendered":"

South Africans are considering renting an apartment instead of purchasing a large house as rising inflation calls for higher interest rate cycles with no reprieve on the horizon.<\/p>\n

Makhosini Ndlovu, the head of FNB Commercial Property Finance, noted that there had been a healthy demand for rental properties across the country.<\/p>\n

He said that rentals took a severe hit over the pandemic, with many landlords holding rentals or decreasing them due to tenant income pressure.<\/p>\n

This, paired with a large number of South Africans purchasing homes as first-timers, taking advantage of massive drops in interest rates, and leaving apartment living behind – pressured the rental market.<\/p>\n

In other good news for the rental market in South Africa, credit bureau TPN said that rental payments this year have remained a high priority, despite consumers feeling the pinch.<\/p>\n

This, in turn, means that rental income for landlords has remained more steady post-pandemic.<\/p>\n

TPN reported that those paying between R7,000 and R12,000 a month are those that are the most committed to making payments, with a good standing level of 88%.<\/p>\n

What people are paying<\/strong><\/p>\n

All nine provinces saw an increase in rental prices year over year for the first time since 2017.<\/p>\n

PayProp added that several elements, such as the nation’s general economic performance, housing shortages, short-term rental listings, development, and the recovery from the Covid-19 outbreak, could influence rental growth rates<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Area<\/th>\nPercentage change<\/th>\nMonthly rent<\/th>\n<\/tr>\n
National<\/td>\n+2.6%<\/td>\nR7 971<\/td>\n<\/tr>\n
Eastern Cape<\/td>\n+4.4%<\/td>\nR6 451<\/td>\n<\/tr>\n
Free State<\/td>\n+1.9%<\/td>\nR6 328<\/td>\n<\/tr>\n
Gauteng<\/td>\n+0.3%<\/td>\nR8 319<\/td>\n<\/tr>\n
KwaZulu-Natal<\/td>\n+3.0%<\/td>\nR8 443<\/td>\n<\/tr>\n
Limpopo<\/td>\n+4.7%<\/td>\nR7 350<\/td>\n<\/tr>\n
Mpumalanga<\/td>\n+5.2%<\/td>\nR7 870<\/td>\n<\/tr>\n
Northwest<\/td>\n+3.9%<\/td>\nR5 468<\/td>\n<\/tr>\n
Northern Cape<\/td>\n+9.0%<\/td>\nR8 626<\/td>\n<\/tr>\n
Western Cape<\/td>\n+3.0%<\/td>\nR9 462<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Eastern Cape<\/strong><\/p>\n

R6,451<\/strong><\/p>\n

2 Bedroom Apartment \/ Flat to Rent in Westering, Port Elizabeth – R6,500<\/a><\/strong><\/p>\n

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\n

Free State<\/strong><\/p>\n

R6,328<\/strong><\/p>\n

2 Bedroom Apartment \/ Flat to Rent in Hospitaalpark, Bloemfontein – R6,200<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

Gauteng\u00a0<\/strong><\/p>\n

R8,319<\/strong><\/p>\n

1 Bedroom Apartment \/ Flat to Rent in Craighall, Johannesburg – R8,000<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

KwaZulu-Natal<\/strong><\/p>\n

R8,443<\/strong><\/p>\n

2 Bedroom Apartment \/ Flat to Rent in Westville Central, Durban – R8,500<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

Limpopo<\/strong><\/p>\n

R7,350<\/strong><\/p>\n

1 Bedroom Apartment \/ Flat to Rent in Hoedspruit, Limpopo – R7,350<\/a><\/strong><\/p>\n

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\n

Mpumalanga<\/strong><\/p>\n

R7,870<\/strong><\/p>\n

2 Bedroom Apartment \/ Flat to Rent in Nelspruit, Mpumalanga – R7,000<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

Northwest<\/strong><\/p>\n

R5,468<\/strong><\/p>\n

2 Bedroom House to Rent in Die Bult, Potchefstroom – \u00a0R5,350<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

Northern Ca<\/strong>pe<\/strong><\/p>\n

R8,626<\/strong><\/p>\n

2 Bedroom House to Rent in Kimberley Central – R8,480<\/a><\/strong><\/p>\n

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\"\"<\/a><\/p>\n

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\n

Western Cape<\/strong><\/p>\n

R9,462<\/strong><\/p>\n

1 Bedroom Apartment \/ Flat to Rent in Zonnebloem, Cape Town – R9,000<\/a><\/strong><\/p>\n

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\n

Read: Debt-trap warning for consumers in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The average monthly rent has increased across all provinces for the first time in five years.<\/p>\n","protected":false},"author":10,"featured_media":641583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26,11791],"class_list":["post-639803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline","tag-payprop"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/639803","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=639803"}],"version-history":[{"count":18,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/639803\/revisions"}],"predecessor-version":[{"id":644511,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/639803\/revisions\/644511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/641583"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=639803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=639803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=639803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}