expensive places to rent south africa

Photo: Pixabay

Most affordable and most expensive places to rent in South Africa

Most of us have to spend much of our working lives renting rather than buying. A new report shows that in some parts of South Africa, up to 40% of people’s salaries goes towards rent.

expensive places to rent south africa

Photo: Pixabay

Ah, renting. Finding the perfect spot can be a real pain. Some places in South Africa are worse than others.  In some areas, you could be looking at spending roughly one eight of your salary on rent. In bigger cities, that skyrockets to 40%.

According to the research, employees can generally expect to spend about 20%-26% of their monthly income on rent, which is on par with the PayProp Rental Index weighted national average of 24%. The study assumes that the cost of monthly rent is carried by a single person occupying a 1-bedroom home within city centres of South Africa’s 15 biggest towns and cities.

Most affordable South African cities to rent in

Adzuna crunched some numbers – including job listings and latest salary data. They found Polokwane to be the most affordable town for working renters in South Africa.

The online job aggregator compared average salaries of more than 100 000 online job listings with average rental prices in cities across South Africa to compile a list of the most and least affordable places for renters to live.

When compared with the average monthly salaries and the average rental prices, the most affordable cities to rent in South Africa are:

  • Polokwane – 11% of monthly income spent on rent
  • Bloemfontein – 16% of monthly income spent on rent
  • Port Elizabeth – 17% of monthly income spent on rent
  • Johannesburg – 18% of monthly income spent on rent
  • East London – 19% of monthly income spent on rent

According to country manager for Adzuna SA, Jesse Green, there are a few surprises among the results. Country manager for Adzuna SA, Jesse Green, was somewhat surprised.

It is interesting to note that Johannesburg comes up as one of the most affordable cities for renting employees. The results we see here could be because employment in Johannesburg offers much higher salaries when compared with job opportunities in cities such as Bloemfontein, for example.”

According to the study, cities such as Pretoria, Durban, Paarl, Pietermaritzburg and George came in as the “best value cities for renters”, with employees in these areas typically paying less than 22% of their wages towards rent.

At the other end of the spectrum, Capetonians can expect to put a whopping 38% of their pay cheques towards their rent while those in Sandton spend at least 37% of their wages on their monthly rent. “Sandton is a difficult one to interpret, because most employees in Sandton apparently do not live there, with the majority commuting daily to the area,” said Green.

It comes as no surprise to find that many employees who work within the higher-priced city centres, such as Sandton, choose to reside in more affordable areas, outside of the city centres, to keep rent down to a minimum.

Most expensive cities in South Africa to rent in

After comparing monthly rental prices and average salaries across South Africa’s major cities, the results of the study clearly pointed out which cities in SA were the most expensive for tenants. These include:

  • Cape Town – 38% of monthly income spent on rent
  • Vanderbijlpark – 38% of monthly income spent on rent
  • Sandton – 37% of monthly income spent on rent
  • Richards Bay – 26% of monthly income spent on rent.