Monthly rent of residential properties in South Africa 2020-2023, per quarter
The average monthly rent of residential properties in South Africa increased by nearly 600 South African rands between 2020 and 2023. In the second quarter of 2023, the average monthly rent stood at 8,375 South African Rands. Furthermore, rents varied across different provinces, with the Western Cape, KwaZulu Natal, and Gauteng having the most expensive rents.