Gross rental yields in South Africa: Cape Town and 5 other cities
The average gross rental yield in South Africa stands at 9.96% (Q4, 2024). Previously in Q1 2024 the average rental yield was 10.15%.
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: Nov. 04, 2024 Next Update: Apr. 2025 |
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| JOHANNESBURG - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sandton | |||
| Studio | $46,850 | $568 | 14.55% |
| 1-Bedroom | $47,163 | $483 | 12.29% |
| 2-Bedroom | $72,733 | $767 | 12.65% |
| 3-Bedroom | $113,646 | $1,022 | 10.79% |
| 4+Bedroom | $227,291 | $2,159 | 11.40% |
| Johannesburg CBD | |||
| 1-Bedroom | $22,729 | $181 | 9.56% |
| 2-Bedroom | $35,897 | $250 | 8.36% |
| Bedfordview | |||
| 1-Bedroom | $40,912 | $446 | 13.08% |
| 2-Bedroom | $62,505 | $679 | 13.04% |
| 3-Bedroom | $95,178 | $1,207 | 15.22% |
| Randburg | |||
| 1-Bedroom | $35,741 | $363 | 12.19% |
| 2-Bedroom | $44,606 | $454 | 12.21% |
| 3-Bedroom | $71,028 | $659 | 11.13% |
| Johannesburg (all locations) | |||
| Studio | $32,957 | $270 | 9.83% |
| 1-Bedroom | $41,480 | $385 | 11.14% |
| 2-Bedroom | $58,527 | $485 | 9.94% |
| 3-Bedroom | $85,177 | $795 | 11.20% |
| 4+Bedroom | $170,440 | $1,932 | 13.60% |
| Johannesburg avg. Rental Yields | 11.14% | ||
| CAPE TOWN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cape Town City Bowl | |||
| 1-Bedroom | $102,110 | $739 | 8.68% |
| 2-Bedroom | $122,169 | $831 | 8.16% |
| Atlantic Seaboard | |||
| 2-Bedroom | $260,959 | $1,704 | 7.84% |
| 3-Bedroom | $516,805 | $3,551 | 8.25% |
| Southern Suburbs | |||
| 1-Bedroom | $71,028 | $490 | 8.28% |
| 2-Bedroom | $95,178 | $710 | 8.95% |
| Milnerton | |||
| 1-Bedroom | $90,916 | $597 | 7.88% |
| 2-Bedroom | $107,963 | $852 | 9.47% |
| Bellville | |||
| 1-Bedroom | $48,300 | $452 | 11.23% |
| 2-Bedroom | $73,700 | $490 | 7.98% |
| Cape Town (all locations) | |||
| 1-Bedroom | $102,101 | $738 | 8.67% |
| 2-Bedroom | $122,022 | $823 | 8.09% |
| 3-Bedroom | $258,384 | $1,550 | 7.20% |
| Cape Town avg. Rental Yields | 7.99% | ||
| DURBAN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Umhlanga | |||
| 1-Bedroom | $76,618 | $568 | 8.90% |
| 2-Bedroom | $127,697 | $852 | 8.01% |
| 3-Bedroom | $212,829 | $1,362 | 7.68% |
| Amanzimtoti | |||
| 1-Bedroom | $38,500 | $369 | 11.50% |
| 2-Bedroom | $49,376 | $454 | 11.03% |
| 3-Bedroom | $79,456 | $613 | 9.26% |
| Pinetown | |||
| 1-Bedroom | $32,633 | $312 | 11.47% |
| 2-Bedroom | $40,863 | $411 | 12.07% |
| Durban (all locations) | |||
| 1-Bedroom | $36,322 | $340 | 11.23% |
| 2-Bedroom | $50,795 | $426 | 10.06% |
| 3-Bedroom | $89,814 | $738 | 9.86% |
| Durban avg. Rental Yields | 10.39% | ||
| CENTURION - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centurion (all locations) | |||
| 1-Bedroom | $33,809 | $367 | 13.03% |
| 2-Bedroom | $45,174 | $398 | 10.57% |
| 3-Bedroom | $77,023 | $676 | 10.53% |
| Centurion avg. Rental Yields | 11.38% | ||
| KZN SOUTH COAST - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| KZN South Coast (all locations) | |||
| 1-Bedroom | $31,252 | $278 | 10.67% |
| 2-Bedroom | $46,452 | $410 | 10.59% |
| 3-Bedroom | $71,028 | $540 | 9.12% |
| KZN South Coast avg. Rental Yields | 10.13% | ||
| DOLPHIN COAST - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Ilembe | |||
| 1-Bedroom | $59,592 | $510 | 10.27% |
| 2-Bedroom | $87,969 | $682 | 9.30% |
| 3-Bedroom | $168,561 | $936 | 6.66% |
| Dolphin Coast avg. Rental Yields | 8.75% | ||
| 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 |
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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, 3-bedroom 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.