Property prices for rent in Randburg (Gauteng)

The rent prices in real estate in Randburg, in the Gauteng region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

R 14 859
Average price last 6 months
R 3 453,9
Price/m² last 6 months
Average price per m2

The price per m² in Randburg has had a strong fall during the last 6 months. In February, the average price per m² was R 4 318,46. In the following month the price per m² fell to R 4 053,21. The price for the following two months in (April, May) had a considerable fall of 77 with regard to the previous two months. The price per m² has had a considerable fall of 79 % 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 3 712,28 to R 2 937,13 during June, and July.

Average price

When referring to the price in Randburg (cities & towns), this has risen considerably in the last 6 months. The average price for February is R 12 247. During March the price had a slight fall till R 11 576. During the following two months (April, May) the average price had a considerable rise of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 137 % 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 14 933 they are 58 % more affordable than the average price for Randburg . The properties with the highest average price have 4 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 11 922.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 50,8 / m², with an average R 94,9 / m² price in Randburg. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at R 100,42 / 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 14 933 it is 53 % more affordable than the average price in Randburg. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Land". At a price of R 23 901 it is 530 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Apartment" at an average price of R 91,95 / m² followed by "Land" priced at R 94,53 / m². "Townhouse" is the most expensive type of property with a R 519,24 / m² value followed by "House" with an average price of R 107,64 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Randburg
Number of properties used in region Gauteng
R 14 933
R 94,9
11 566
311 780
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value