Gross rental yields in South Africa: Cape Town and 5 other cities

The average gross rental yield in South Africa stands at 11.53% (Q2, 2026). Previously in Q4 2025, the average rental yield was 10.93%.

Note: The latest research had a data source change.

Cities and areas compared
  • Johannesburg
  • Cape Town
  • Durban
  • Centurion
  • Dolphin Coast
Historical rental yields in South Africa

View rental yield history


   
JOHANNESBURG - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Sandton  
Studio & 1-Bedroom $48,100 $560 13.97%
2-Bedroom $76,100 $970 15.30%
3-Bedroom $116,000 $1,670 17.28%
Johannesburg CBD  
Studio & 1-Bedroom $19,800 $260 15.76%
2-Bedroom $44,600 $320 8.61%
Bedfordview  
Studio & 1-Bedroom $42,600 $600 16.90%
2-Bedroom $72,700 $790 13.04%
3-Bedroom $115,600 $1,220 12.66%
Randburg  
Studio & 1-Bedroom $33,500 $420 15.04%
2-Bedroom $48,400 $530 13.14%
3-Bedroom $78,000 $780 12.00%
Johannesburg (all locations)  
Studio & 1-Bedroom $37,100 $430 13.91%
2-Bedroom $57,800 $730 15.16%
3-Bedroom $97,300 $1,100 13.57%
4+Bedroom $195,400 $1,830 11.24%
Johannesburg avg. Rental Yields 13.47%
CAPE TOWN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Cape Town City Bowl  
Studio & 1-Bedroom $133,800 $970 8.70%
2-Bedroom $224,900 $1,520 8.11%
3-Bedroom $488,131 $2,740 6.74%
Atlantic Seaboard  
Studio & 1-Bedroom $212,900 $1,100 6.20%
2-Bedroom $383,000 $2,130 6.67%
3-Bedroom $1,078,300 $3,650 4.06%
Southern Suburbs  
Studio & 1-Bedroom $71,330 $610 10.26%
2-Bedroom $121,400 $1,060 10.48%
Milnerton  
Studio & 1-Bedroom $59,900 $730 14.62%
2-Bedroom $113,600 $1,000 10.56%
3-Bedroom $225,600 $1,340 7.13%
Bellville  
Studio & 1-Bedroom $51,700 $300 6.96%
2-Bedroom $82,000 $730 10.68%
3-Bedroom $222,100 $1,320 7.13%
Cape Town (all locations)  
Studio & 1-Bedroom $65,100 $670 12.35%
2-Bedroom $121,400 $1,080 10.68%
3-Bedroom $334,600 $1,520 5.45%
Cape Town avg. Rental Yields 9.49%
DURBAN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Umhlanga  
Studio & 1-Bedroom $77,600 $560 8.66%
2-Bedroom $143,000 $970 8.14%
3-Bedroom $255,500 $1,570 7.37%
Amanzimtoti  
Studio & 1-Bedroom $39,500 $430 13.06%
2-Bedroom $54,700 $490 10.75%
3-Bedroom $85,200 $640 9.01%
Pinetown  
Studio & 1-Bedroom $33,400 $360 12.93%
2-Bedroom $42,300 $460 13.05%
Durban (all locations)  
Studio & 1-Bedroom $41,400 $370 10.72%
2-Bedroom $66,300 $630 11.40%
Durban avg. Rental Yields 11.06%
CENTURION - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Centurion (all locations)  
Studio & 1-Bedroom $33,500 $410 14.69%
2-Bedroom $48,100 $520 12.97%
3-Bedroom $76,000 $1,030 16.26%
Centurion avg. Rental Yields 14.64%
DOLPHIN COAST - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Ilembe  
Studio & 1-Bedroom $53,600 $460 10.30%
2-Bedroom $102,200 $730 8.57%
3-Bedroom $179,500 $1,220 8.16%
Dolphin Coast avg. Rental Yields 9.01%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and PrivateProperty

View the full rental yield dataset (2022 - Present)


Research Methodology:

Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in South Africa, comparing median rental prices with median purchase prices to determine gross rental yields.

We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:

(Median Monthly Rent × 12) ÷ Median Purchase Price × 100

For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:

($500 × 12) ÷ $100,000 = 6% Gross Rental Yield

Note: NET yields vary from country to country, but are usually 1.5-2% lower.

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