The rental market is highly competitive and always buzzing with new leases and properties opening up, especially at the beginning of the year when young professionals relocate for work and students return to universities.
Proximity to work and educational facilities are major drawcards for people looking for new accommodation to rent. Security, public transport and shopping centres are next on the list for most renters, all of which make for popular suburbs. These are the most in-demand suburbs for rentals in the Western Cape, with a breakdown of the average monthly rent.
This affordable suburb next to Blouberg was a hot commodity in the first couple of months of 2018. The affordable rent, coupled with its proximity to the beach, schools and shopping centres make Parklands a highly-sought after suburb with a laid-back lifestyle. The typical property to rent in Parklands is a three bedroom house, averaging R13 500. The average monthly rental prices in Parklands are as follows:
- Flat – R8 000
- Complex – R10 000
- House – R13 650
Affectionately known as ‘Obs’, this popular suburb attracts a wide range of renters from various demographic backgrounds. It is close to the University of Cape Town, Groote Schuur Hospital and the city centre – making it a preferred location for students. The eclectic nightlife and food scene are also attractive elements of Obs. A typical property to rent in Obs is a two bedroom flat, averaging R14 500. Here are the average monthly rental prices:
- Flat – R12 950
- Complex – R11 250
- House – R15 000
This popular suburb just south of Parklands is one of the most established on the Western Seaboard. It is home to great schools, medical centres, shopping precincts and business hubs – making it an attractive suburb to employees who want to live near their work. A typical property to rent in Tableview is a three bedroom house, going for around R14 000 per month. Here are the average rental prices in Tableview:
- Flat – R10 500
- Complex – R12 750
- House – R14 000
This residential suburb on the slopes of Devil’s Peak offers amazing views of the city centre and harbour. It is particularly appealing to young professionals who want to live nearby the CBD. Vredehoek also offers a relaxed café culture and access to various hiking trails. The typical property for rent is a two bedroom flat with an average rent of R16 000 per month. Here are the other average rental prices in Vredehoek:
- Flat – R15 000
- Complex – R25 000
- House – R25 000
Probably the closest suburb to the CBD and boasting a fantastic food and nightlife scene, Gardens is very popular with younger residents. Long Street and Kloof Street (popular for their restaurants, bars and nightclubs) are within walking distance, as well as many office spaces. MyCiTi bus stops are plentiful in Gardens and all the necessary facilities such as shops and clinics are just down the road. The typical property for rent is a two bedroom flat with an average rent of R17 000 a month. Here are the average rental prices for Gardens:
- Flat – R15 250
- Complex – R27 500
- House – R21 500
Knowing what suburbs are highly sought after is useful for tenants looking to move as it can be a good guide as to what facilities are accessible from that area. Likewise, property investors will want to look into properties in these areas as they are likely to be brilliant buy-to-let investments.
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