Gross rental yields in South Africa: Cape Town and 5 other cities
The average gross rental yield in South Africa stands at 10.93% (Q4, 2025). Previously in Q2 2025, the average rental yield was 10.55%.
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 the full rental yield dataset (2022 - Present)
| JOHANNESBURG - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sandton | |||
| Studio & 1-Bedroom | $48,400 | $530 | 13.14% |
| 2-Bedroom | $84,500 | $900 | 12.78% |
| 3-Bedroom | $126,200 | $1,280 | 12.17% |
| Johannesburg CBD | |||
| Studio & 1-Bedroom | $23,300 | $230 | 11.85% |
| 2-Bedroom | $37,600 | $300 | 9.57% |
| Bedfordview | |||
| Studio & 1-Bedroom | $37,900 | $500 | 15.83% |
| 2-Bedroom | $64,100 | $700 | 13.10% |
| 3-Bedroom | $128,200 | $1,170 | 10.95% |
| Randburg | |||
| Studio & 1-Bedroom | $26,200 | $360 | 16.49% |
| 2-Bedroom | $40,700 | $450 | 13.27% |
| 3-Bedroom | $57,100 | $640 | 13.45% |
| Johannesburg (all locations) | |||
| Studio & 1-Bedroom | $34,900 | $380 | 13.07% |
| 2-Bedroom | $55,400 | $640 | 13.86% |
| 3-Bedroom | $90,300 | $930 | 12.36% |
| 4+Bedroom | $203,400 | $2,620 | 15.46% |
| Johannesburg avg. Rental Yields | 13.69% | ||
| CAPE TOWN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cape Town City Bowl | |||
| Studio & 1-Bedroom | $105,500 | $880 | 10.01% |
| 2-Bedroom | $187,300 | $1,290 | 8.26% |
| 3-Bedroom | $254,600 | $1,950 | 9.19% |
| Atlantic Seaboard | |||
| Studio & 1-Bedroom | $181,200 | $880 | 5.83% |
| 2-Bedroom | $377,600 | $1,640 | 5.21% |
| 3-Bedroom | $848,800 | $3,220 | 4.55% |
| Southern Suburbs | |||
| Studio & 1-Bedroom | $62,900 | $620 | 11.83% |
| 2-Bedroom | $115,600 | $910 | 9.45% |
| Milnerton | |||
| Studio & 1-Bedroom | $70,200 | $700 | 11.97% |
| 2-Bedroom | $108,300 | $940 | 10.42% |
| 3-Bedroom | $242,900 | $1,260 | 6.22% |
| Bellville | |||
| Studio & 1-Bedroom | $48,900 | $300 | 7.36% |
| 2-Bedroom | $70,200 | $570 | 9.74% |
| 3-Bedroom | $199,000 | $1,090 | 6.57% |
| Cape Town (all locations) | |||
| Studio & 1-Bedroom | $58,500 | $560 | 11.49% |
| 2-Bedroom | $110,900 | $910 | 9.85% |
| 3-Bedroom | $278,000 | $1,300 | 5.61% |
| Cape Town avg. Rental Yields | 8.98% | ||
| DURBAN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Umhlanga | |||
| Studio & 1-Bedroom | $73,200 | $530 | 8.69% |
| 2-Bedroom | $125,900 | $880 | 8.39% |
| 3-Bedroom | $234,100 | $1,460 | 7.48% |
| Amanzimtoti | |||
| Studio & 1-Bedroom | $38,200 | $300 | 9.42% |
| 2-Bedroom | $52,800 | $470 | 10.68% |
| 3-Bedroom | $83,800 | $760 | 10.88% |
| Pinetown | |||
| Studio & 1-Bedroom | $32,300 | $310 | 11.52% |
| 2-Bedroom | $40,900 | $400 | 11.74% |
| Durban (all locations) | |||
| Studio & 1-Bedroom | $38,100 | $350 | 11.02% |
| 2-Bedroom | $61,700 | $560 | 10.89% |
| Durban avg. Rental Yields | 10.96% | ||
| CENTURION - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centurion (all locations) | |||
| Studio & 1-Bedroom | $31,200 | $380 | 14.62% |
| 2-Bedroom | $46,300 | $470 | 12.18% |
| 3-Bedroom | $68,200 | $730 | 12.84% |
| Centurion avg. Rental Yields | 13.21% | ||
| DOLPHIN COAST - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Ilembe | |||
| Studio & 1-Bedroom | $55,800 | $440 | 9.46% |
| 2-Bedroom | $108,700 | $620 | 6.84% |
| 3-Bedroom | $185,200 | $1,100 | 7.13% |
| Dolphin Coast avg. Rental Yields | 7.81% | ||
| 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 |
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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.
