Regional Rental Markets Outshine Capital City in Affordability

The average rent in Johannesburg is ZAR 12,000 per month, but renters are finding more affordable options in surrounding regions, with prices as low as ZAR 8,000 per month in areas like Krugersdorp and Randfontein.

This matters now because the current economic climate is forcing many to reevaluate their housing choices, with some opting to rent rather than buy due to the high costs of property ownership in the city. The trend is also driven by the growing demand for affordable housing, as more people are priced out of the city's expensive suburbs like Sandton, where the average rent is ZAR 18,000 per month.

In Johannesburg, areas like Melville and Braamfontein are undergoing urban renewal, with new developments and renovations aimed at attracting young professionals and students. However, these areas are still relatively expensive, with average rents ranging from ZAR 10,000 to ZAR 15,000 per month. In contrast, organisations like the Johannesburg Housing Company and the City of Johannesburg's Housing Department are working to provide more affordable options in areas like Hillbrow and Yeoville, with prices starting from ZAR 6,000 per month.

Affordability Comparison

According to data from property consultancy, Knight Frank, the average rent in Johannesburg's CBD is ZAR 14,000 per month, while in surrounding regions like the West Rand, it's ZAR 9,000 per month. Similarly, a report by estate agency, Pam Golding, found that the average rent in Fourways and Midrand is ZAR 11,000 per month, compared to ZAR 16,000 per month in Sandton. These statistics suggest that renters are willing to look beyond the city limits to find more affordable options, with some even considering commuting from areas like Pretoria or the East Rand.

As of June 2026, the average price of a sectional title property in Johannesburg is ZAR 1.2 million, making it difficult for first-time buyers to enter the market. In contrast, renting provides a more affordable option, with many landlords offering flexible lease terms and competitive prices. For those considering renting in the region, it's essential to research the local market, work with reputable estate agents, and carefully review lease agreements to ensure the best possible deal.