SA’s most expensive rentals: Here’s what you’ll get if you cough up R300,000 a month

  • Increased demand from local and international tenants is driving high-end rentals in South Africa as the economy continues to open up following the Covid-19 pandemic.
  • A survey of estate agents shows the highest rent is R290,000 for a 10-bedroom family home in the suburb of Constantia, Cape Town.
  • Along the Garden Route, one can pay up to R55,000 per day for short-term holiday rentals during high season.
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As the post-pandemic economy continues to open up, the luxury accommodation rental market is on the road to recovery thanks to increased demand from local and foreign tenants. But it has seen consumers shell out up to nearly R300,000 a month for a high-end home in one of the country’s most expensive suburbs.

Areas such as the Cape Atlantic Coast, Constantia Upper, Bishopscourt, Sandton, Paarl, Franschhoek and luxury estates in particular are once again reaching monthly rents of over R100,000 a month, according to letting agents at Seeff Property Group.

On top of that, the opening of borders after the Covid-19 pandemic has seen more high-end international tenants return to South Africa, often for business purposes.

Along the Cape’s Atlantic coast, Seeff secured a tenancy at R100,000 pm in Camps Bay to a Swedish family, R80,000 pm in Fresnaye to a Swiss family, and R70,000 pm in Camps Bay to an American corporate tenant.

A Camps Bay rental for R80,000/m.

Viewfinder provided Photography

In Upper Constantia, a three-year R130,000 lease was prepaid by an Irish tenant. In Sandton, R92 700pm has been secured for a penthouse in the Park Central development in Rosebank.

High-end rentals in the greater Sandton and Johannesburg North areas are also popular among renters from other African countries.

“If you’re hoping to rent in the upscale suburbs of Sandton, along the Atlantic Coast, Constantia, Bishopscourt and in luxury lifestyle and golf areas, basic entry-level rentals tend to range from R35,000 to around R85,000 on average with exceptional high-end properties going up to over R100,000,” said Seeff Chairman Samuel Seeff.

The cap

The highest rent Pam Golding Properties (PGP) currently has in the mother city is R290,000 for a 10-bedroom family home in Constantia. It comprises approximately two acres of land and offers views of False Bay, gites, private vineyards, tennis court, fully equipped gym, jacuzzi and swimming pool.

high rent in constantia

For 290,000 F/m you can stay in this 10 bedroom family home in Constantia and enjoy private vineyards, tennis court, fully equipped gym, jacuzzi and swimming pool .

Properties provided by Pam Golding

In the southern suburb of Claremont Upper, a five-bedroom house has been rented for R170,000pm.

Along the Cape’s West Coast, PGP has a beachfront villa with views of Table Mountain and the beaches at the luxurious Water’s Edge Estate in Big Bay. Rent for the five-bedroom, five-bathroom property is R75,000. There is an open entertainment area, cinema room, games room and gym as well as an elevator.

grand bay rental property

This 5-bedroom beachfront villa in a secure estate in Big Bay on the West Coast of Cape Town rents at R75,000/m and offers views of Table Mountain and the beaches.

Properties provided by Pam Golding

In Somerset West, the best rentals will be around R60,000pm to R70,000pm, for example in upmarket estates such as Bellaire and Erinvale Golf Estate, according to Katya Varga of PGP in the region. In Stellenbosch, premium rentals will be around R77,000pm in De Zalze estate or R40,000pm in Brandwacht Aan Rivier.

erinvale rental property

The rental for this house on the Erinvale Golf Estate in Somerset-West is R60,000/m.

Properties provided by Pam Golding

In Hermanus, PGP have secured a rental for R45,000pm, but agent Annien Borg says that during the December and January holiday period the rent increases to R5,000 per day or R150,000pm.

Along the Garden Route, one can pay up to R55,000 a day for short-term vacation rentals, according to Gordon Shutte of PGP in Knysna and Plettenberg Bay. The highest monthly rent obtained in the region during the pandemic was R50,000 for a six-month rental to a family in Johannesburg.

property in plett

You can enjoy Atlantic Ocean views from this 6 bedroom house in Seaside Longships, Plettenberg Bay from R55,000 per day.

Properties provided by Pam Golding

Gauteng

Rochelle Holland, rental manager for Seeff Sandton, said there had been a huge increase in demand in the northern Sandton and Johannesburg area this year, particularly in the golf estates of the Fourways area and in the suburbs close to the CBD of Sandton. These include Morningside – R25,000pm to R35,000pm – as well as Hyde Park and Sandhurst – generally in the R70,000-plus pm range.

Property for rent in Sandhurst

A property in Sandhurst with a rental price of R195,000/m.

Supplied Seeff

At Melrose Arch, Pam Golding Properties has a three-bedroom penthouse to rent for R75,000pm (unfurnished) or R80,000pm (furnished); it has a large entertaining patio and terrace with a swimming pool and great views.

In Hyde Park, Sandton, PGP has a modern villa to rent for R90,000pm with large entertaining areas and even a glass-enclosed wine cellar and fire pit.

hyde park rental in sandton

This modern 4 bedroom villa in Hyde Park, Sandton for R90,000/m offers spacious reception areas, glass enclosed wine cellar, swimming pool and fire pit.

Properties provided by Pam Golding

In Morningside, Sandton, PGP has a nine-bedroom house for R100,000pm. The house can be divided into three individual houses – for example for different family members – or it can be integrated into one.

On the Dainfern Golf Estate in Midrand, PGP has a five-bedroom house for rent at R150,000pm (fully furnished at R180,000pm). It offers outdoor entertaining areas, a heated swimming pool, jacuzzi, fire pit and pizza oven.

In Pretoria East, luxury property rentals are popular, including among foreign embassy staff. Luxury homes rent between around R30,000pm and between R70,000pm and R80,000pm with security and lifestyle a main priority for tenants.

Tshwane Property Rental

A property at Mooikloof Estate in Tshwane for R65,000/m.

Supplied Seeff

KwaZulu Natal

KwaZulu-Natal’s north coast is popular with international renters as well as semi-free “outback” South Africans, according to PGP.

High-end property rentals range from around R35,000 to R60,000 at Hawaan Forest Estate and R100,000 for a luxury home at Umhlanga Rocks.

Rentals on estates in the Zimbali/Ballito area, such as Zimbali, currently range from around R45,000 to R55,000, according to David Cameron of PGP in the region.

These rentals are usually located in Zimbali and the Simbithi Eco Estate. There is currently a rental in Simbithi for R54,000pm and one for R45,000pm was recently concluded.

Rent KZN

This 4 bedroom house for R54,000/m is located on the golf side of the Simbithi Eco Estate which offers activities for the whole family including fishing, tennis, gym, swimming, walking trails and a beach. bike path.

Properties provided by Pam Golding

“Simbithi offers a myriad of activities for the whole family, including catch-and-release fishing, tennis, gym, swimming, walking trails and a bike path,” says Cameron.

About Michael B. Billingsley

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