Last Updated: Oct. 26, 2022
JOHANNESBURG - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Sandton
Studio	$36,324	$380	12.55%
1-Bedroom	$48,739	$434	10.69%
2-Bedroom	$70,425	$623	10.62%
3-Bedroom	$103,529	$840	9.74%
4+Bedroom	$208,236	$1,735	10.00%
Fourways
1-Bedroom	$42,288	$326	9.25%
2-Bedroom	$51,992	$455	10.50%
Rosebank
1-Bedroom	$128,218	$651	6.09%
2-Bedroom	$173,187	$922	6.39%
3-Bedroom	$220,595	$2,169	11.80%
Johannesburg CBD
Studio	$22,770	$183	9.64%
1-Bedroom	$20,602	$198	11.53%
2-Bedroom	$40,932	$279	8.18%
Johannesburg South
1-Bedroom	$25,345	$190	9.00%
2-Bedroom	$40,932	$336	9.85%
3-Bedroom	$59,582	$386	7.77%
Bedfordview
1-Bedroom	$36,731	$407	13.30%
2-Bedroom	$67,769	$651	11.53%
3-Bedroom	$108,159	$962	10.67%
Randburg
1-Bedroom	$33,884	$325	11.51%
2-Bedroom	$35,240	$390	13.28%
3-Bedroom	$78,341	$523	8.01%
Northcliff
1-Bedroom	$21,144	$314	17.82%
2-Bedroom	$37,896	$378	11.97%
Johannesburg avg. Rental Yields			10.49%
CAPE TOWN - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Cape Town City Bowl
Studio	$81,322	$434	6.40%
1-Bedroom	$100,298	$488	5.84%
2-Bedroom	$138,248	$613	5.32%
3-Bedroom	$406,612	$867	2.56%
Atlantic Seaboard
Studio	$135,266	$556	4.93%
1-Bedroom	$135,266	$702	6.23%
2-Bedroom	$246,678	$976	4.75%
3-Bedroom	$470,857	$2,223	5.67%
Southern Suburbs
Studio	$62,347	$305	5.87%
1-Bedroom	$67,679	$380	6.73%
2-Bedroom	$92,057	$569	7.42%
3-Bedroom	$129,845	$867	8.01%
Milnerton
Studio	$75,630	$434	6.89%
1-Bedroom	$69,124	$445	7.73%
2-Bedroom	$96,503	$531	6.60%
3-Bedroom	$155,841	$903	6.96%
Tableview
1-Bedroom	$59,365	$380	7.68%
2-Bedroom	$92,165	$515	6.71%
3-Bedroom	$216,806	$773	4.28%
Bellville
1-Bedroom	$38,764	$312	9.66%
2-Bedroom	$70,208	$461	7.88%
3-Bedroom	$94,578	$621	7.88%
Cape Town avg. Rental Yields			6.45%
DURBAN - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Umhlanga
Studio	$69,124	$407	7.07%
1-Bedroom	$71,835	$515	8.60%
2-Bedroom	$119,110	$705	7.10%
3-Bedroom	$216,318	$1,193	6.62%
4+Bedroom	$294,116	$1,301	5.31%
Durban Central
Studio	$18,975	$195	12.33%
1-Bedroom	$26,836	$259	11.58%
2-Bedroom	$37,679	$346	11.02%
Amanzimtoti
Studio	$22,309	$266	14.31%
1-Bedroom	$37,002	$352	11.42%
2-Bedroom	$49,065	$434	10.61%
3-Bedroom	$84,575	$623	8.84%
Pinetown
1-Bedroom	$32,529	$298	10.99%
2-Bedroom	$39,306	$367	11.20%
3-Bedroom	$52,290	$461	10.58%
Durban avg. Rental Yields			9.84%
CENTURION - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Centurion (all locations)
1-Bedroom	$32,421	$301	11.40%
2-Bedroom	$42,803	$367	10.29%
3-Bedroom	$73,190	$537	8.80%
Centurion avg. Rental Yields			10.08%
KZN SOUTH COAST - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
KZN South Coast (all locations)
Studio	$22,770	$163	8.59%
1-Bedroom	$28,734	$251	10.48%
2-Bedroom	$43,372	$367	10.15%
3-Bedroom	$70,208	$515	8.80%
4+Bedroom	$87,828	$602	8.23%
KZN South Coast avg. Rental Yields			9.25%
DOLPHIN COAST - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Ilembe
Studio	$46,083	$173	4.50%
1-Bedroom	$62,347	$447	8.60%
2-Bedroom	$93,250	$623	8.02%
3-Bedroom	$155,732	$895	6.90%
4+Bedroom	$238,275	$1,342	6.76%
Dolphin Coast avg. Rental Yields			6.96%
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 Definitions: Data FAQ See also: Update Schedule

Get updated rental yields data for 75 countries

South Africa offers good to excellent rental yields in its large cities, especially on smaller apartments.

Gross rental yields for Johannesburg apartments, i.e., the gross rental return on a property if fully rented out, are very good, ranging from 7.77% to 17.82% with an average of 10.49%.

Gross rental yields on apartments in Cape Town range from 2.56% to 9.66% with a city average of 6.45%.

In Cape Town is the most popular tourist destination in Africa. Its amazing beaches and weather are ideal for retirees and foreign property buyers. Atlantic Seaboard properties are among the most sought-after because of the beaches and cliffs - upscale neighborhoods like Bakoven, Bantry Bay, Camps, Clifton, Fresnaye, Green Point, and Mouille Point. Some houses nestled on cliffs have sweeping views of the Atlantic Ocean. City Bowl, which includes the central business district of Cape Town, is another upscale residential suburb. It is one of the most stable residential markets in Cape Town, because of its prime central location and vibrant cosmopolitan lifestyle.

Other cities and areas produce also very strong rental yields. In Durban, the rental yields range between 5.31% to 14.31%, Pretoria produces yields between 8.80% to 11.14%, KZN South Coast can yield from 8.23% to 10.48%, and Dolphin Coast yields are between 4.50% to 8.60%.