Property prices for rent in Port Elizabeth (Eastern Cape)

The rent prices in real estate in Port Elizabeth, in the Eastern Cape region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

R 15 450,17
Average price last 6 months
R 96,78
Price/m² last 6 months
Average price per m2

The price per m² in Port Elizabeth has risen strongly during the last 6 months. In September, the average price per m² was R 65,18. In the following month the price per m² rose to R 73,35. The price for the following two months in (November, December) had a considerable rise of 137 %. The price per m² has had a considerable rise of 153 % 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 82,19 to R 125,94 during January, and February.

Average price

When referring to the price in Port Elizabeth (cities & towns), there have hardly been any changes in the last 6 months. The average price for September is R 15 814. During October the price had a considerable fall till R 13 216. In the following two months the average price has hardly changed with regard to the previous two months from R 14 515 to R 14 781,5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.

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 17 276 they are 67 % more affordable than the average price for Port Elizabeth . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 13 508.

With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of R 68 / m², with an average R 128,43 / m² price in Port Elizabeth. The properties with the most affordable average prices have 2 bedrooms. They are 20 % more affordable than the average followed by properties with 1 bedroom with a price at R 89 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of R 17 276 it is 67 % more affordable than the average price in Port Elizabeth. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Office". At a price of R 14 622 it is 55 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Flat" at an average price of R 29 / m² followed by "House" priced at R 50 / m². "Apartment" is the most affordable type of property with a R 103 / m² value followed by "Townhouse" with an average price of R 79 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Port Elizabeth
Number of properties used in region Eastern Cape
R 17 276
R 128,43
1 870
3 892
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value