Average Cost Of An Apartment In South Africa

What is An Apartment?

An apartment, or flat, is a self-contained housing unit that occupies part of a building, generally on a single story. There are many names for these overall buildings, see below.

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Average Cost Of An Apartment In South Africa

According to the latest PayProp Rental Index, the national average rental in South Africa for the first quarter of 2020 was R7 786.

However, average rentals vary widely from one province to another – from a low of just R5 222 in North West to a high of R9 171 in the Western Cape.

How much is an apartment in South Africa?

How expensive are housing and accommodation in South Africa?

RENTAL COST IN JOHANNESBURG ¹⁰AVERAGE MONTHLY COST
Large apartmentZAR17,878.41
Medium apartmentZAR13,815.14
Small apartmentZAR10,564.58

How much does it cost to live comfortably in South Africa?

You need about R15 000 – R20 000 per month to afford the basics. This also depends on your number of dependents, accommodation situation (living alone, sharing an apartment, and utilities), and lifestyle (gym membership, smoker, alcohol drinker, etc).

Is rent cheap in South Africa?

“South Africans currently spend anything between 17% and 24% of their salaries on rent. Compared to popular ex-pat destinations like New Zealand, where rental costs can be as high as 58% of the average salary), South Africa still offers a very affordable general cost of living.”

How much is a 3 bedroom house in South Africa?

R7000 – R15,000 / sqm

The average cost of a 3-bedroom house is R11,000 / sqm, or typically between R7000 / sqm and R15,000 / sqm.

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