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

The average gross rental yield in South Africa stands at 10.36% (Q2, 2025). Previously in Q4 2024, the average rental yield was 9.96%.

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

View the full rental yield dataset (2022 - Present)


  Last Updated: May 12, 2025
Next Update: November 2025
JOHANNESBURG - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Sandton  
Studio $55,486 $423 9.15%
1-Bedroom $44,917 $475 12.69%
2-Bedroom $66,055 $713 12.95%
3-Bedroom $100,245 $1,057 12.65%
4+Bedroom $211,086 $2,114 12.02%
Johannesburg CBD  
1-Bedroom $23,225 $183 9.46%
2-Bedroom $30,692 $235 9.19%
Bedfordview  
1-Bedroom $38,047 $433 13.66%
2-Bedroom $58,128 $793 16.37%
3-Bedroom $84,498 $925 13.14%
Randburg      
1-Bedroom $34,295 $343 12.00%
2-Bedroom $40,161 $423 12.64%
3-Bedroom $68,169 $647 11.39%
Johannesburg (all locations)  
Studio $30,385 $268 10.58%
1-Bedroom $39,104 $343 10.53%
2-Bedroom $56,748 $450 9.52%
3-Bedroom $79,349 $793 11.99%
4+Bedroom $158,699 $1,889 14.28%
Johannesburg avg. Rental Yields 11.38%
CAPE TOWN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Cape Town City Bowl  
1-Bedroom $94,438 $793 10.08%
2-Bedroom $104,367 $1,057 12.15%
Atlantic Seaboard  
2-Bedroom $217,850 $1,473 8.11%
3-Bedroom $445,081 $3,434 9.26%
Southern Suburbs  
1-Bedroom $63,254 $407 7.72%
2-Bedroom $80,455 $634 9.46%
Milnerton  
1-Bedroom $76,624 $568 8.90%
2-Bedroom $134,753 $872 7.77%
Bellville  
1-Bedroom $47,031 $420 10.72%
2-Bedroom $66,055 $396 7.19%
Cape Town (all locations)  
1-Bedroom $98,502 $793 9.66%
2-Bedroom $114,919 $1,093 11.41%
3-Bedroom $264,221 $1,585 7.20%
Cape Town avg. Rental Yields 9.42%
DURBAN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Umhlanga  
1-Bedroom $71,339 $535 9.00%
2-Bedroom $117,578 $846 8.63%
3-Bedroom $198,166 $1,321 8.00%
Amanzimtoti  
1-Bedroom $33,291 $333 12.00%
2-Bedroom $48,881 $423 10.38%
3-Bedroom $77,681 $655 10.12%
Pinetown  
1-Bedroom $30,649 $312 12.22%
2-Bedroom $38,047 $383 12.08%
Durban (all locations)  
1-Bedroom $31,653 $343 13.00%
2-Bedroom $50,202 $423 10.11%
3-Bedroom $92,477 $687 8.91%
Durban avg. Rental Yields 10.68%
CENTURION - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Centurion (all locations)  
1-Bedroom $31,521 $333 12.68%
2-Bedroom $43,332 $370 10.25%
3-Bedroom $71,736 $779 13.03%
Centurion avg. Rental Yields 11.98%
KZN SOUTH COAST - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
KZN South Coast (all locations)  
1-Bedroom $29,143 $256 10.54%
2-Bedroom $44,917 $396 10.58%
3-Bedroom $68,644 $634 11.08%
KZN South Coast avg. Rental Yields 10.73%
DOLPHIN COAST - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Ilembe  
1-Bedroom $56,807 $423 8.94%
2-Bedroom $82,086 $572 8.36%
3-Bedroom $158,004 $874 6.64%
Dolphin Coast avg. Rental Yields 7.98%
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 Gumtree

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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