Property prices for rent in Pietermaritzburg (Kwazulu-natal)

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

R 9 858,83
Average price last 6 months
R 4 871,64
Price/m² last 6 months
Average price per m2

The price per m² in Pietermaritzburg has risen during the last 6 months. In January, the average price per m² was R 4 405,04. In February this price barely changed remaining at R 4 506,72 per m². In the following two months the price per m² has risen 110 %, going from R 4 455,88 to R 4 879,98 per m². The price per m² has risen 113 % 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 4 667,93 to R 5 279,06 during May, and June.

Average price

When referring to the price in Pietermaritzburg (cities & towns), this has fallen in the last 6 months. The average price for January is R 10 575. During February the price had a considerable fall till R 8 481. In the following two months the average price has hardly changed with regard to the previous two months from R 9 528 to R 9 596,5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of R 10 016 they are 43 % more affordable than the average price for Pietermaritzburg . The properties with the highest average price have 3 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 4 bedrooms priced at R 10 083.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 53,59 / m², with an average R 6 122,21 / m² price in Pietermaritzburg. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 3 bedrooms with a price at R 81,55 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 10 016 it is 43 % more affordable than the average price in Pietermaritzburg. "Flat" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of R 9 489 it is 100 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Farm" at an average price of R 64 / m² followed by "Commercial" priced at R 82 / m². "Townhouse" is the most expensive type of property with a R 19 974,88 / m² value followed by "House" with an average price of R 6 560,07 / m².

Charts data
Average price June
Average price per m² June
Number of properties used in Pietermaritzburg
Number of properties used in region Kwazulu-natal
R 10 016
R 6 122,21
2 984
73 082
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value