Cheapest province to rent property in SA
This South African province is the cheapest for renting property…
The average rental price in South Africa is R9,051.
This is according to PayProp's 2024 Rental Index, which tracks rental trends throughout the country.
Provinces like Gauteng, KwaZulu-Natal, and Limpopo closely follow the national average rental price.
However, there are a few provinces that offer more affordable rentals, below the national average.
Out of these provinces, the North West stood out as the province with the most affordable rent, averaging R6,798 per month as of Q4 2024.
READ: SA's most expensive neighbourhoods per province
Both the Eastern Cape and Free State were also highlighted as having affordable rentals below the national average in Q4 2024, based on PayProp's Rental Index findings.
- The Eastern Cape averaged R7,297
- The Free State averaged R7,216
The province with the highest national average rental prices
To no one's shock, the Western Cape saw the highest national average rental prices in 2024.
According to Daily Investor, the average rent in the Western Cape was around R11,141, which is more than R2,000 above the national average.
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Rental market outlook
PayProp's 2024 Rental Index showed positive signs for South Africa's rental market in Q4 2024, stating that the country's rental growth recovered, growing 5.2% annually.
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"Rental growth recovered as inflation experienced a long-awaited downturn, easing the pressure on tenants' finances and giving landlords and agents their first real-time rental growth in years," PayProp said.
"That signals growing confidence in South Africa’s residential rental market."
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