Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
24 Observatory, Cape Town, 7925, South Africa apartments for rent
Housing Trends
How much is an apartment in Observatory, Cape Town, 7925, South Africa
Average rent in Observatory: ZAR 13,667 (+3.4%)
| Rent Price | May | vs Last Month |
|---|---|---|
| Studio rentals | ZAR 16,640 | N/A |
| 1 bed rentals | ZAR 6,350 | N/A |
| 2 bed rentals | ZAR 12,130 | -6.3% |
| 3 bed rentals | ZAR 4,750 | -68.7% |
| 4+ bed rentals | ZAR 6,400 | -28.9% |
Over the May 2022, the average rent for an apartment in/near Observatory, Cape Town, 7925, South Africa increased by 3.4% to ZAR 13,667.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at ZAR 6,350 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you ZAR 12,130. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for ZAR 4,750. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around ZAR 6,400 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | ZAR 9,786 | -14% |
| House rentals | ZAR 13,875 | -4% |
| Other rentals | ZAR 20,643 | N/A |
Looking at the median rent price for an apartment in Observatory, Cape Town, 7925, South Africa, you can note that it remains flat with a price tag of ZAR 9,786. The median rent for a house is still ZAR 13,875 with no significant changes this month.
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