Property prices for rent in Durban (Kwazulu-natal)

The rent prices in real estate in Durban, in the Kwazulu-natal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

R 14 221,83
Average price last 6 months
R 2 852,19
Price/m² last 6 months
Average price per m2

The price per m² in Durban has risen strongly during the last 6 months. In February, the average price per m² was R 2 129,37. In the following month the price per m² rose to R 2 268,67. The price for the following two months in (April, May) had a considerable rise of 210 %. The price per m² has had a considerable fall of 51 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 3 413,59 to R 1 729,4 during June, and July.

Average price

When referring to the price in Durban (cities & towns), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is R 14 173. In March This price remains at R 14 208. In the following two months the average price has hardly changed with regard to the previous two months from R 14 190,5 to R 14 305. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 14 247,75 and R 14 170 between June and July.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 12 424 they are 49 % more affordable than the average price for Durban . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 11 351.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 52 / m², with an average R 98,9 / m² price in Durban. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at R 106,49 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of R 12 424 it is 45 % more affordable than the average price in Durban. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Flat". At a price of R 12 108 it is 76 % more expensive than the average price.

According to the average cost per m², the most affordable property is "House" at an average price of R 74,59 / m² followed by "Flat" priced at R 101,06 / m². "Land" is the most expensive type of property with a R 132 / m² value followed by "Townhouse" with an average price of R 121,93 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Durban
Number of properties used in region Kwazulu-natal
R 12 424
R 98,9
15 416
66 394
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value